BO
Bank of AmericaBest for no lender fees
Keeps costs low with no origination or annual fee.
- No lender fees
- Long draw period
- Doesn't publish typical closing times
Home Equity Loans · Updated October 2026
Bank of America vs Figure (2026)
Both are popular home equity choices. Here's how they compare on rate · LTV limit · closing costs, and which one fits which shopper.
The quick verdict
- Bank of America Best for no lender fees Keeps costs low with no origination or annual fee.
- Figure Best for fast funding The fastest route to cash for borrowers who know how much they need.
F
FigureBest for fast funding
The fastest route to cash for borrowers who know how much they need.
- Very fast closing
- Fully online
- Full line is drawn at closing
- Origination fee up to 4.99%
Side-by-side comparison
BO | F | |
|---|---|---|
| Trustpilot rating | – | |
| Max CLTV | 85% | 85% |
| Draw period | 10 years | 3–5 years |
| Annual fee | $0 | $0 |
| Fixed-rate option | Yes | Yes |
| Visit site | Visit site |
Also consider
- PNC Bank · Best for flexible draws
What to compare before you choose
- 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.
Compare all home equity providers that serve your ZIP code.
Compare Home Equity LoansTrademark and logo notice: Company names, logos and trademarks are the property of their respective owners and are used only to identify each company and its products. Their appearance does not mean that any company endorses, sponsors or is affiliated with The Top 10 Experts, unless we say so. Facts were checked against public sources in October 2026; confirm current terms with the provider. Customer ratings are Trustpilot TrustScores as of October 2026, shown only for companies rated 4.0 or higher with at least 25 reviews; The Top 10 Experts is not affiliated with Trustpilot. To request a change, contact legal@thetop10experts.com.