Tap Home Equity Without
Refinancing Your Mortgage

Figure is a fast digital HELOC-style product that may allow qualified homeowners to access a larger home equity line without refinancing their first mortgage. It is best understood as a traditional online HELOC, not a credit card.

No. Figure is designed as home equity access without replacing your existing first mortgage. That may matter for homeowners who want access to equity while potentially keeping a current mortgage rate.

In many home equity scenarios, the first mortgage can remain in place. Eligibility, lien position, CLTV, and terms are subject to underwriting approval and lender guidelines.

Figure may offer potential funding in as little as 5 days for approved borrowers, but timelines are not guaranteed and depend on underwriting, documentation, valuation, property eligibility, and lender guidelines.

Figure may support primary residences, second homes, and some investment properties. Property type, occupancy, lien position, CLTV, and other eligibility factors still apply.

Aven is a home equity-backed Visa card and reusable equity line. It differs from a traditional HELOC because it combines secured home equity access with a card-based spending experience.

Aven is not a normal unsecured credit card and should not be described as a traditional HELOC. It is a home equity-backed Visa card experience with a reusable line secured by home equity.

Aven is built around a Visa card structure, so eligible card usage may be available anywhere Visa is accepted, subject to Aven approval, card terms, and program guidelines.

Aven may support balance transfers, which can make it useful for homeowners exploring secured home equity access for ongoing spending or debt-management needs.

Aven is not designed to replace your first mortgage. It is a home equity-backed line and Visa experience that may sit in a 1st or 2nd lien position depending on the scenario.

Both products may use an AVM-first valuation approach. Appraisal requirements vary by product, line amount, property, and underwriting. Figure commonly requires an appraisal above $400K.

Eligible property types may include single-family homes, condos, townhomes, PUDs, and some 2 to 4 unit properties. Figure may also support duplex and 3 to 4 unit scenarios. Program guidelines may change.

Figure may fit larger lump-sum equity needs, renovations, debt consolidation, and investment-property scenarios. Aven may fit ongoing spending, reusable access, purchases, balance transfers, and a home equity credit-card-style experience.