[.green-span]Expand Your Financing Options with Figure's HELOC Program[.green-span]

Lendflow Research Team

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For lenders and brokers, having a diverse network of lending partners creates more opportunities to meet borrowers where they are. While many financing conversations center around traditional business loans and lines of credit, home equity can provide another potential source of capital for business owners who own residential property.

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Through Lendflow, lenders and brokers can access Figure's Home Equity Line of Credit (HELOC), expanding the range of financing solutions available to qualified borrowers.

Figure's HELOC allows eligible homeowners to access between $15,000 and $750,000 of their home equity, depending on factors including property value, available equity, credit profile, verified income, and lien position. Figure offers 10-, 15-, 20-, and 30-year terms, along with fixed and variable rate options where available.

One of the biggest advantages is the streamlined borrower experience. Figure's application is completed online, with prequalification using a soft credit pull that doesn't impact the applicant's credit score. For loans under $400,000, an in-person appraisal generally isn't required, and qualified applicants can receive funding in as few as five days.

The process also minimizes friction at the beginning of the application. Applicants can get started by providing key information such as their property address, estimated annual income, and liquid assets, without submitting documents upfront. From there, Figure can verify property information digitally and move qualified applicants through credit, lien and income verification, offer selection, identity verification, signing, notarization, and funding.

For lenders and brokers, adding a HELOC option can help broaden the types of financing conversations you can support. Figure specifically identifies funding a business as one potential use for its HELOC, alongside needs such as home improvements, major purchases, education, and debt consolidation.

Building a strong lender network isn't simply about adding more partners—it's about adding financing options that address different borrower profiles and capital needs. With Figure available through Lendflow, lenders and brokers have another way to connect qualified borrowers with capital while expanding the solutions they can bring to the table.

Ready to expand your lender network? Visit resources.lendflow.com/lendflow-for-brokers to get started with Lendflow.

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