Donny Gamble
February 1, 2022
Personalincome rating

There’s always a catch to great financial products, and is no different. They offer low APR on many loan types and require a lower credit score to get started, but not all properties are eligible.

Still, has one of the best refinancing products in the country, which is what earned its spot on our list here. You get fast access to funding, and an intuitive website design to help you get to where you want to be quickly and efficiently.

figure logo
on's website
Figure Mortgage

No current promotions

Some of the links in this post are from our partners who compensate us. This may influence some of the products and services we write about and choose to review. However, this does not influence our research process and our opinions are our own. Here is how we make money.

The information provided on this page does not offer any personal financial advice or advocate the purchase or sale of any security or investment for any specific individual.

Key Takeaways

  • is great for refinancing for home improvement and buying low-cost homes
  • You don’t need the highest credit score in the world to work with them
  • The loan cap is relatively small, but they’re transparent about that from the beginning
  • Easy UI and overall easy-to-use service

Pros & Cons

  • Relatively minimal fees for most financial products.
  • Excellent UI makes it easy to navigate everything.
  • Funds your loan fast to get you in your house quicker than most online lenders.
  • Competitive interest rates that actually outdo their competition more often than not.
  • Less eligibility for specific properties.
  • You have to draw the entire loan amount on HELOC loans. is a new contender in the online mortgage lender scene, but they’ve got a ton of firepower and they’re ready to show you just how easy it can be to get fast funding on your loan.

In fact, they may actually provide faster funding than their competitor, which is saying something. You can expect fast funding from their mortgage loans, and an easy process from start to finish.

But before we get ahead of ourselves, just who are these new mortgage lenders, and are they really about to live up to the hype? In this Figure review, we’ll talk about every little detail you need to know about them, and show you what they bring to the table.


The entire point of Figure and their service is to make home loans and mortgages more accessible than ever before. They use blockchain to power their entire operation, and have expanded into more financial services than just loans and mortgages.

In 2022, boasted one of the highest ratings of any financial institution on TrustPilot (the most commonly used tool for determining legitimacy for financial companies). 

While they haven’t gained a rating by the Better Business Bureau just yet, that can be attributed to being a young company.

With an unconventional take on finance, gives you more access, faster responses from loan applications, and expedites your finances in more ways than one.

While not all of their products are perfect (home equity lines to be specific), the overall service and responsiveness is fantastic and gets the job done right.

Loan Types

The following loan types are available from at this time:

  • Fixed rate HELOC (10-year)
  • Fixed rate HELOC (15 year)
  • Fixed rate HELOC (30 year)
  • Mortgage refinance
  • Equity line

While there are less products offered, is new and expanding upon their products as often as possible. Mortgage Rates

Typical rates for are 2.793% APR, but keep in mind these are HELOC loans and act differently from conventional loans. However, their website has some issues loading this information sometimes, so if the daily mortgage rate has shifted at all, you may run into some issues on-site. 

Just use the built-in chat to double-check the mortgage price ahead of time.  The one great thing about is that this is transparent (even though it’s a bit broken sometimes), and many other lending companies keep this all locked up behind closed doors so you have to contact them, and then they can initiate their sales pitches.

You don’t have to worry about any of that with

Who is Best for? is best for anyone who doesn't want to directly deal with another human being during the loan application and approval process. Beyond that, it’s also best for anyone who wants a fast approval process that isn’t slowed down by unnecessary steps. uses blockchain to power it, and nearly everything is automated, so you’re able to whip through all the normal bottlenecks in finance and get right to the point: getting approved for your home loan. FAQ's

Is a legitimate company?

Yes, is a legitimate company. While they are one of the newest companies in the home finance scene, they’re akin to others like in the way that they innovate how home loans are happening.

While their history is brief, we’ve done our in-depth research to ensure that they’re a trustworthy company that’s worthy of your time and trust. 

How long does it take to get a loan from

Approval can be completed in as little as five minutes. While it can take some time to submit your application, once you do you’ll be able to see your approval come in within five minutes, letting you know right then and there if you’ve been accepted or not. also offers excellent calculators and pre-qualification steps that you can use to determine whether you're eligible or not before you take the plunge and potentially impact your credit score.

Is a good place to refinance?

Yes, Figure has a small amount of refinance options available, but they’re comprehensive and allow you to seriously weigh the options in refinancing your home with all the details laid out on the table. 

Figure doesn’t hide behind fees; they put them right out in the open so you know what you’re getting into, which is especially important when you refinance and take on a new loan.

Home equity lines have seen some historic issues with Figure, although these seem to be in 2020 and outdated. It’s still something that’s good to keep in mind.

How long does it take to get approved for a loan?

Now, this is the absolute best part about them. You can be approved in as little as five minutes, and receive funding in 2-4 business days at the absolute max.

Because uses blockchain to power their entire process, there’s a different funding process at hand that's exceptionally fast compared to their competitor networks.

The future is exciting, and it means getting funded for your home loans that much faster. Every loan application is subject to delays based on the information you provide, so get your ducks in a row ahead of time to utilize that speedy loan response time.

What is the minimum credit score needed? requires a minimum of a 620 FICO score, and they specifically issue HELOC loan types under those circumstances. Your credit history will factor into your eligibility to receive a mortgage loan.

If your history shows that you only just achieved your credit score after a long (recent) history of erratic financial behavior, it may impact your ability to secure a mortgage loan.

At this time it is unclear if they work with FHA loans for a lower down payment and smaller credit score.

Compare to Other Lenders

Better Mortgage logo
New American Funding logo
loandepot logo

Figure Mortgage

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.

  • Rating: 4.5
  • Reviewed by:
  • On February 1, 2022
  • Last modified:February 5, 2022

Review Summary:

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.

Review of:

Reviewed by:
On February 1, 2022
Last modified:February 5, 2022


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.

About the author 

Donny Gamble

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.

You may also like

SoFi Invest Review

SoFi Invest Review