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Published APR ranges by source
| Source | APR cited | Date |
|---|---|---|
| The Mortgage Reports (quoting Figure's fine print) | 6.55% to 15.54% | 2026 |
| LendEDU | 6.50% to 15.50% (fixed and variable) | 2026 |
| Bankrate | As low as 6.25% for excellent credit | 2026 |
The ranges differ slightly because each outlet checked on a different date. Treat them as a guide, not a quote.
What determines your Figure HELOC rate
- Credit score: the 600 minimum qualifies, but the lowest rates go to the strongest profiles.
- Combined LTV: borrowing a smaller share of your home's value usually earns a better rate.
- Loan amount and term: pricing varies across the 5, 10, 15, and 30-year terms.
- Origination fee: the APR includes a fee of up to 4.99%, so a higher fee raises the APR.
- State and occupancy: primary homes typically price better than investment properties.
- Discounts: the lender has published 0.25% rate discounts for autopay and for credit union members.
See the full requirements for score, DTI, and property rules.
Figure HELOC payment examples on a $100,000 line
| APR | 15-year payment | Total interest (15 years) | 10-year payment |
|---|---|---|---|
| 6.55% | $874 | $57,295 | $1,138 |
| 8.00% | $956 | $72,017 | $1,213 |
| 10.00% | $1,075 | $93,429 | $1,322 |
| 12.00% | $1,200 | $116,030 | $1,435 |
| 15.54% | $1,437 | $158,616 | $1,647 |
The gap between the bottom and top of the range is about $563 a month on a 15-year line, and more than $100,000 in total interest. Improving your credit or borrowing less can be worth more than any other step. Rates on a cash-out refinance are usually lower because it is a first lien, but they apply to your whole mortgage. Model your own numbers in the HELOC calculator.
How Figure HELOC rates compare
Figure's low-end APR is competitive with other online lenders, while its upper end reflects the 600 minimum credit score and the origination fee. Compare offers from Aven and Spring EQ, or see all alternatives.
A lower rate does not always mean a lower cost. See our fee vs. rate analysis for how the origination fee changes the comparison.
FAQs
Are Figure HELOC rates fixed?
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How often do rates change?
Sources: The Mortgage Reports Figure review (2026), LendEDU Figure vs Aven comparison (2026), Bankrate Figure home equity review (2026). Payment examples are calculated by FigureLoansApp and are illustrative.
Our team researches home equity products using lender disclosures, NMLS records, CFPB data, and independent reviews. Every figure is fact-checked before publishing and pages are re-reviewed regularly. Our editorial standards · Report an error