Figure Review (2026)

The short version

The fastest route to cash for borrowers who know how much they need. On our home equity comparison, it's labeled Best for fast funding.

Key facts

What stands out

• Funding in as few as five days
• Credit score as low as 600
• Fixed or variable rates

Pros and cons

How Figure compares

Head-to-head comparisons

• Figure vs Bank of America
• Figure vs PNC Bank

Alternatives to consider

• Bank of America review · Best for no lender fees
• PNC Bank review · Best for flexible draws

What to check before you sign up

Whichever home equity provider you choose, compare these points:

• Combined loan-to-value. Lenders cap your total borrowing, first mortgage included, at a share of your home's value. That cap sets how much you can draw.
• Fixed vs. variable. Home equity loans usually lock a fixed rate. HELOCs usually float with the prime rate, so payments can change.
• How and when you access money. A HELOC works like a credit line during its draw period, then switches to repayment. A loan pays out once.
• Closing costs and annual fees. Ask about appraisal, origination and annual fees, plus any penalty for closing the line early.