Figure Home Loan Review 2024: Is It Right for You?

Whether you’re just beginning your search or narrowing things down, this Figure Loan review offers the insights you need to make an informed decision about the best mortgage lender for you. Figure is a new lender that offers consumers alternatives for borrowing money, whether it’s for paying off debt or consolidating existing loans.

You may have never heard of Figure, but that doesn’t make the company any less viable of an option. This review will help you figure out how to get a loan with Figure and whether it is best suited to meet your needs.

In this article

• An overview of Figure
• Which loan products does Figure offer?
• Home Equity Line (HELOC) at Figure
• Mortgage Refinance at Figure
• What Figure customers are saying
• How to apply for a Figure loan
• FAQs about Figure
• The bottom line on Figure

An overview of Figure

Figure is a San Francisco-based financial technology startup that provides home equity lines of credit (HELOCs) in 41 states, as well as mortgage refinancing options in 32 states.³

Founded in 2018 by Mike Cagney, the former CEO and founder of the financial services company SoFi, Figure uses blockchain technology and artificial intelligence to offer a fully digital process that can get you money in as little as five days.¹ This is significantly less than the four to six weeks it usually takes with many traditional lenders.

While Figure Home Equity Line is the company’s flagship product, it also provides mortgage refinancing options with plans to add a personal loan option at some point in the near future.

Which loan products does Figure offer?

Figure offers two different loan types: Figure Home Equity Line (HELOC) and Figure Mortgage Refinance. We'll look at them each in more detail.

Home Equity Line (HELOC) at Figure