Figure Home Equity Line vs. PenFed Home Equity Line of Credit
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 →
PenFed Home Equity Line of Credit
PenFed
4.3
Credit union HELOC with no closing costs, no annual fee, and competitive variable rates for members.
Full review →WealthSpott Verdict
Figure Home Equity Line wins on more measurable categories — particularly on rate and cost. PenFed Home Equity Line of Credit may still be the right fit depending on your loan amount and term needs.
Feature
Figure Home Equity
PenFed Home Equity
APR Range
7.35% – 15.54% Best
8.00% – 18.00%
Loan Amount
$15,000 – $400,000
$25,000 – $500,000 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
660+
Funding Speed
As fast as 5 business days
2–4 weeks
Figure Home Equity Line
PenFed Home Equity Line of Credit
Not sure which loan is right for you?
Browse all loans