Figure Home Equity Line vs. Bank of America HELOC
Side-by-side comparison · Updated 2026 · Independently reviewed
Figure Home Equity Line
Figure
4.8
Fully digital HELOC with funding in as little as 5 days and a fixed interest rate — no variable-rate risk.
Full review →
Bank of America HELOC
Bank of America
4.1
No closing costs, no annual fee HELOC with Preferred Rewards discounts for existing BofA customers.
Full review →WealthSpott Verdict
Figure Home Equity Line wins on more measurable categories — particularly on rate and cost. Bank of America HELOC may still be the right fit depending on your loan amount and term needs.
Feature
Figure Home Equity
Bank of America
APR Range
7.35% – 15.54% Best
8.60% – 14.40%
Loan Amount
$15,000 – $400,000
$25,000 – $1,000,000 Best
Term Length
60–360 months
120–240 months
Origination Fee
0%–4.99% of draw amount (rolled into balance)
No closing costs; no annual fee
Min Credit Score
640+ Best
680+
Funding Speed
As fast as 5 business days
2–4 weeks
Figure Home Equity Line
Bank of America HELOC
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