Figure Review: Mortgages, Home Equity & Personal Loans

I'm Donny. I'm a world traveler, investor, entrepreneur, and online marketing aficionado who has a big appetite to compete and disrupt big markets. I thrive on being able to create things that impact change, difficult challenges, and being able to add value in negative situations.

Tired of looking for quick, easy access to financial aid? Introducing Figure - the versatile tool for online mortgages, home equity, and personal loans. The best part is you can access it from anywhere, and your results are available almost instantly!

figure logo

Our Partner

Mortgage Rates & Loans


  • 15 and 30 yr fixed term options
  • Get up to $300k home equity
  • Funding in as few as 2 days
  • Mortgage rates in seconds
Overall Rating

Best for Home Equity & Refinancing

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Pros & Cons


  • Quick turn-around
  • ‘Figure Pay’ for online payments and transfers
  • Low APR
  • Multiple fixed term options


  • Cap on borrowing is not unlimited
  • Live customer service representatives are only available 6 am-6 pm (PT) daily.

What can Figure offer you? Figure provides three primary services. First, if you’re interested in mortgage options, you can refinance your home or buy a new one.

On the other hand, home equity and personal loan options can provide you with fast cash. You will also find several low-interest and fixed-term rates at your fingertips. 

Some of our fellow consumers give Figure a nearly 5-star rating on TrustPilot, and it gets a high score for top personal loans, but how will it rate with you?  

  • Do you need quick money or easy access to customer service?
  • Do you need low-interest or fixed payment options?
  • Or do you just need to know where to get started?

Figure includes many helpful features, but we all have unique financial needs.  In this Figure review, we will break down each service individually. Then, we explore advantages and disadvantages to help you decide if Figure is right for you.

Figure icon

Quick Summary

Services: Mortgage Refinance, Home Equity, & Personal Loans

Min. Credit Score: 620

Promotion: Get rates instantly

About Figure

Do you need financial assistance? Are you overwhelmed by your loan options? Where should you look first?

Figure is an easy-to-use, online tool for comparing your financial options. You can apply online, receive advice from customer service representatives, and complete all of the necessary steps to put more money into your account.

Figure Services

Figure can be broken down into three main financial aids, with a bonus online tool.

Mortgage Assistance

Apply online to refinance or buy a home. However, the offers you find online will be ‘locked’, and this ‘lock’ is available all day, every day.

Your term options include 15 and 30 year fixed terms, along with jumbo loan options.

Home Equity Assistance

Apply online to turn your equity into cash! Figure is still using Home Equity Line of Credit, which may help to lower your interest rate when taking out a new loan. Options include 5, 10, 15, and 30 year fixed term loans.

Simply fill in the requested information and find verified documents, without lowering your credit score. Online support is available, with an average response time of under a minute. 

Depending on your location, you may have access to video notary sessions. Your online application can be completed and approved in 5 minutes, and you can access your funds in as few as 5 days.

Be aware that the maximum amount you can borrow is $30,000, and there will be 1 origination fee. You can find rates as low as 3.00% APR. You can also consider redrawing up to 100%. 

In the future, you may be able to lower your payments based on credit status and the location of your property. Another advantage? No prepayment penalties.

Personal Loan Assistance

Apply for personal loans online by providing the requested personal information, without lowering your credit score. You can be approved in minutes and receive your money in as few as 2 days.

Once again, be aware that there is a limit of $50,000. APRs range from 5.75% to 22.94%. There are multiple fixed-term options as well. By setting up autopay, you will receive a 0.25% discount. 

Figure Pay

Figure Pay is a tool that allows you to handle your money online. This account allows you to pay for purchases, transfer money, and gain access to buy now, pay later loans.

You can also access rewards and savings. For example, the first time you set up your account and direct deposit $1,200 or more per month for 2 consecutive months, you will receive a $100 bonus within 30 days.

Figure Mortgage Rates & Fees

There are 2 options to consider when deciding on a mortgage: a refinance loan or a purchase loan. According to Figure Mortgage, the typical Mortgage Refinance loan by Figure is 2.73% at 2.793% APR. 

The typical Mortgage Purchase loan by Figure is very similar: 2.73% at 2.836% APR. The exact rates will change based on when you apply and lock your rate.

This is the nice part about the ability to lock your rates - you can keep an eye on the market until you find the right rate. Keep in mind that there will be additional fees.

The monthly payment that you see when selecting your loan does not include taxes and insurance. You will also be required to pay a down payment, amounting to 20% of the loan. 

If you wish to avoid the 20% down payment, you must show an 80% loan-to-value ratio for a mortgage refinance.

Who is Figure Best For?

Figure is an excellent choice for customers who need fast cash. Traditional loan processing can take anywhere from several days to several weeks before you can receive your payment.

In contrast, Figure can send your money in as little as 2 days.  People with busy schedules can also benefit greatly from Figure. The ability to apply for loans 100% online in minutes saves you the hassle of being on hold with a bank or waiting in long lines. 

Also, the average response time to customer requests is only 45 seconds.

Compare to Other Lenders

Better Logo
  • Min. Credit Score: 620
  • Min. Down Payment: 3%
New American Funding logo
  • Min. Credit Score: 620
  • Min. Down Payment: 3%
AmeriSave logo
  • Min. Credit Score: 620
  • Min. Down Payment: 3.5%

Final Thoughts

You now have the basic information about Figure, a tool available to you for online mortgages, home refinancing, and loans. You know that you can compare rates side-by-side by simply filling in a short, online application. 

You pick what’s best for you: mortgage, home equity, or personal loan assistance. Whatever you may choose, Figure will show you low-interest rates, fixed term rates, or jumbo loans. 

Once you are ready to pick, you can reach out to customer service for quick help. In a matter of days, you can have cash in your hand.  I hope this Figure review has allowed you to expand your financial options.

Figure FAQ’s

Is Figure a legitimate company?

Figure reviews are often mixed, but it is a legitimate company with very few registered complaints compared to the number of loans provided. 

Complaints against any business are far from uncommon, so the small percentage indicates that Figure is a trustworthy site.

How do I qualify for a mortgage loan with Figure?

You will know if you qualify for a mortgage loan after filling out your quick, online application. You will undergo a credit check, but this will not affect your credit score.

Your home equity can also be turned into cash using a Home Equity Line of Credit.

What documents will I need when applying for a mortgage?

Authorization for your lender to run your credit report and 30+ days of paystubs.  The past 2 years of both W2 forms for jobs held, and personal federal tax returns.

Checking, savings, investment, and retirement accounts statements from the past 2 months. There are other documents needed depending on your situation, and Zillow lists them here: Mortgage Application Document Checklist | Zillow.

How long will it take to get pre-approval for a loan?

If you fill out Figure’s ‘Find My Rate’ form, you can be pre-approved for a loan within minutes. You can find this form on the homepage of Figure’s website.


Figure offers a simpler, faster way to find the loan that’s right for you. Choose from a purchase mortgage, mortgage refinance, home equity line, or personal loan.

Figure icon

I'm Donny. I'm a world traveler, investor, entrepreneur, and online marketing aficionado who has a big appetite to compete and disrupt big markets. I thrive on being able to create things that impact change, difficult challenges, and being able to add value in negative situations.

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