Figure Home Equity Line vs. PenFed Student Loan Refinance
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.
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WealthSpott Verdict
Figure Home Equity Line wins on more measurable categories — particularly on rate and cost. PenFed Student Loan Refinance may still be the right fit depending on your loan amount and term needs.
Feature
Figure Home Equity
PenFed Student Loan
APR Range
7.35% – 15.54%
5.49% – 9.99% Best
Loan Amount
$15,000 – $400,000 Best
$7,500 – $300,000
Term Length
60–360 months
60–240 months
Origination Fee
0%–4.99% of draw amount (rolled into balance)
None
Min Credit Score
640+ Best
670+
Funding Speed
As fast as 5 business days
3–4 weeks
Figure Home Equity Line
PenFed Student Loan Refinance
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