New American Funding Mortgage vs. Figure Home Equity Line
Side-by-side comparison · Updated 2026 · Independently reviewed
New American Funding Mortgage
New American Funding
4.4
FHA and non-QM specialist with bilingual support and a 580+ credit score minimum for some programs.
Full review →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 →WealthSpott Verdict
New American Funding Mortgage wins on more measurable categories — particularly on rate and cost. Figure Home Equity Line may still be the right fit depending on your loan amount and term needs.
Feature
New American Funding
Figure Home Equity
APR Range
6.40% – 8.30% Best
7.35% – 15.54%
Loan Amount
$75,000 – $3,500,000 Best
$15,000 – $400,000
Term Length
120–360 months
60–360 months
Origination Fee
Varies; competitive on FHA and non-QM
0%–4.99% of draw amount (rolled into balance)
Min Credit Score
580+ Best
640+
Funding Speed
21–30 days
As fast as 5 business days
New American Funding Mortgage
Figure Home Equity Line
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