Figure Home Equity Line vs. SoFi Student Loan
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. SoFi Student Loan may still be the right fit depending on your loan amount and term needs.
Feature
Figure Home Equity
SoFi Student Loan
APR Range
7.35% – 15.54%
4.49% – 14.70% Best
Loan Amount
$15,000 – $400,000 Best
From $1,000
Term Length
60–360 months
60–180 months
Origination Fee
0%–4.99% of draw amount (rolled into balance)
None
Min Credit Score
640+ Best
650+
Funding Speed
As fast as 5 business days
—
Figure Home Equity Line
SoFi Student Loan
Pros
- Competitive rates
- Competitive rates
- No fees
- No fees
- Member benefits
- Member benefits
Cons
- Requires cosigner for most
- Requires cosigner for most
- Good credit needed
- Good credit needed
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