Figure Home Equity Line vs. Upgrade Home Improvement 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.
Full review →
Upgrade Home Improvement Loan
Upgrade
4.2
APR 8.49–35.99%. $1K–$50K. Accepts lower credit.
Full review →WealthSpott Verdict
Figure Home Equity Line wins on more measurable categories — particularly on rate and cost. Upgrade Home Improvement Loan may still be the right fit depending on your loan amount and term needs.
Feature
Figure Home Equity
Upgrade Home Improvement
APR Range
7.35% – 15.54% Best
8.49% – 35.99%
Loan Amount
$15,000 – $400,000 Best
$1,000 – $50,000
Term Length
60–360 months
24–84 months
Origination Fee
0%–4.99% of draw amount (rolled into balance) Best
1.85–9.99%
Min Credit Score
640+
560+ Best
Funding Speed
As fast as 5 business days
1 business day
Figure Home Equity Line
Upgrade Home Improvement Loan
Pros
- Accepts lower credit scores
- Accepts lower credit scores
- Fast approval
- Fast approval
- Direct contractor payments
- Direct contractor payments
Cons
- Higher origination fee
- Higher origination fee
- APR can be high
- APR can be high
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