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Figure is headquartered in San Francisco, California, and New York. This financial technology company is partnered with Homebridge to offer home loans, refinancing, and home equity lines of credit.

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Figure Review

Figure is headquartered in San Francisco, California, and New York. This financial technology company is partnered with Homebridge to offer home loans, refinancing, and home equity lines of credit.

The company has an easy online loan application process. Clients can conduct free self-checks and get personalized rates and approval responses within minutes. An eNotary electronically reviews the client’s identity, mortgage documents, and applications. Figure has a short loan funding time of as low as five days.

The company’s HELOC loan amounts range between $15,000 and $400,000 and have fixed interest rates ranging from 4.74% to 12.25%.

All Credit Union members who enroll in AutoPay are guaranteed a combined APR discount of 0.75%. This means the clients can access lower rates ranging from 3.99 to 11.5%. Figure has a flexible loan term of five, ten, fifteen, and thirty years.

Figure charges a one-time origination fee of 4.99% of the initial draw. Additionally, the company does not charge any prepayment penalties or maintenance fees. The origination fee varies depending on the client’s credit experience and property location.

The following are eligible for Figure HELOC:

· Townhouses

· Single-family residents

· Condos

· Planned urban developments

· Secondary properties including investments.

· Vacation homes

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