Is Figure a Good Loan Company?

Is figure a good loan company online loan application Plandeluxe

Is Figure a Good Loan Company?

The shot answer is “Yes”. As of 2022, Figure was recognized as the best lender for mortgage holders with fair credit, best for home renovation, best for debt consolidation, top online lenders, and the most innovative home equity product by Bankrate.

is figure a good lender figure online lender reviews is figure a direct lender figure merges with mortgage lender homebridge is figure a legit lender is figure a legitimate lender how to figure out lender figure loan process how do lenders figure debt to income ratio Plandeluxe

It is a suitable lender for a wide range of consumers due to its good minimum credit score requirement and low APR, as well as its unique online solutions.

Is fugure a good loan company Plandeluxe

Figure, a new lender established in 2018, offers home equity lines of credit (HELOCs) across 41 states and Washington, D.C. 

Located in San Francisco, Figure leverages artificial intelligence and blockchain technologies to create a digital online registration and funding process.

In as little as five days, borrowers can get up to $400,000 with a Figure HELOC. 

Here’s all you need to know about the company and its service to see if it’s a good fit for you.


There’s a lot to enjoy about Figure, but there are a few things you should know before applying:

  • Quick funding turnaround
  • Competitive Interest rates
  • Low costs
  • All three credit agencies receive notification of payments.
  • Provides a smartphone app for loan management.


figure login figure com reviews reddit figure pay home equity loan figure lender reviews is figure a good lender figure online lender reviews is figure a direct lender figure merges with mortgage lender homebridge Plandeluxe



There are a few disadvantages to Figure’s home equity programs, including:

Origination Fee:

An origination fee of up to 5% of the total loan amount is possible. An origination fee is a percentage of the loan proceeds that is deducted at the time of disbursement.

There are just two different loan term lengths available:

Only 36 and 60-month terms are available in Figure. You might prefer a different lender that offers additional possibilities if you seek additional flexibility in your payback procedure.

There aren’t any co-signed or collaborative loans available:

Having a co-signer with a stronger credit score than you can often lower your mortgage rates or make it easier to apply for a loan. With Figure, you won’t be able to do so.

The minimum loan amount is rather high:

Figure requires that you borrow at least $5,000, so if you simply need a small amount of money, you’ll be able to find a suitable lender elsewhere.

Who Is Figure Most Suitable For?

Personal loans with figures are suitable for customers with good credit who require a substantial sum of money. 

Funds are also available promptly, and you’ll be able to check your rate before committing to a loan, allowing you to shop around with different lenders.figure personal loan reviews figure lending lawsuit figure com complaints who owns figure lending Plandeluxe

If you only need a little amount of money, want term length flexibility, or your credit is in a poor situation, another lender may be a better match than Figure.

More Resources: Lower Your Mortgage Payments | How Long it Takes Before You Get Reverse Mortgage | Is It Possible to Sell Before Your Mortgage is Fully Paid | Can You Negotiate Your Mortgage Rate | Different Types of Reverse Mortgage | Architecture Style | Home Building Process | Designing The Perfect Family Home | Architecture Design Process | Tiny House Laws | Should You Invest in a Tiny House | The Cost of Building a Tiny House | Refinancing a Business Loan | Can a Loan be Deposited to Paypal? | House Plans | Can You Get More Than One Pre-Settlement Loan? | What Happens If I Stop Paying My Timeshare Mortgage? | What Credit Bureau Does USAA Use for Auto Loans? | Can Car Loans Garnish Your Wages? | Buying a House with a Boyfriend or Girlfriend | Can You Get a Loan on a Car Accident Settlement?

Leave a Reply