Offer your customers a way to finance their purchase with a HELOC

Partner Program

Figure works with a variety of business types to help them provide their customers a fast and easy way to unlock cash with lower rates compared to personal loans and credit cards.^{4navigates to numbered disclaimer}

UnLicensed

Merchant Partnership

Contractors and other merchants can offer their customers an incredible HELOC product, with long terms and high loan amounts, without paying dealer fees.

Request a demo

How it works

Merchant markets Figure's product as financing option for the project
Figure disburses funds directly to the borrower
Borrower can work directly with the merchant to set payment schedule
In accordance with RESPA, no referral fee will be paid to Merchant.

	Figure	Partner
Customer Acquisition
Technology
Underwriting / Pricing
Fulfillment
Sales to Investors
Originator
Servicing

Provide customers with a lower-cost alternative to unsecured personal loans and credit cards
Improve the customer experience and drive more business by helping customers get fast access to cash
Retain customers who are looking to make additional purchases with your business, and gain visibility into their funding status

Figure's HELOC vs Personal Loan^{4navigates to numbered disclaimer}

Homeowners have the ability to draw more cash at a potentially lower fixed rate using their home equity. The HELOC offers speed, ease, and simplicity, with up to 30-year terms, providing lower monthly payments on a longer duration loan.

	HELOC	Personal Loan
Application	100% online,  see your rate instantly	Varies by lender
Fixed rate^{3navigates to numbered disclaimer}
Interest rates	Likely lower	Likely higher
Terms	Up to 30 years	Up to 7 years
Overall monthly payment	May be lower	May be higher
Amount	Up to $400k^{1navigates to numbered disclaimer}	Up to $100k
Prepayment penalty	None	Possible
Tax deductible	For home improvement	Not tax deductible

Benefits for your customers