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Home equity line of credit (HELOC)

Unlock your home’s value with a flexible HELOC
in minutes

With a HELOC powered by Figure, you can apply 100% online, lock your rate in minutes, and access funds in as few as 
5 days — all without refinancing your mortgage.

 Find my rate
100% free for landlords
Reports delivered in minutes
Nationwide tenant background screening

Why Choose a Figure
HELOC?

Apply online and lock your rate in just 5 minutes
Borrow $15K to $400K 
using your home equity
No in-person appraisal required
Get funding in as few as 5 days
Fixed-rate options available
Only pay interest on what 
you draw
Ideal for buying a rental, funding renovations, or launching an Airbnb

One of the fastest and easiest ways to access real estate capital in 2025.

What is a HELOC and how does it work?

A Home Equity Line of Credit (HELOC) is a revolving credit line secured by your home’s value. It works a bit like a credit card:

Draw Period (5–10 years):

Borrow as needed — for purchases, renos, or operating costs.

Only Pay for What You Use:

Interest-only payments on drawn funds.

Repayment Period (10–30 years):

Start repaying principal + interest over time.

Redraw Available:

As you repay, you can borrow again — without reapplying.

Unlike a traditional loan, a HELOC gives you flexibility, fast access, and long-term control over your real estate capital.

Benefits of a HELOC for landlords

Use equity to fund your first rental property purchase

Renovate or rehab to boost property value and rent

Finance a house hack or Airbnb setup

Stay liquid without cash-out refinancing

Leverage your existing home to scale your rental business

Interest-only payments = more cash flow flexibility

How Figure's HELOC compares

 Find My Rate
Feature
Online Application
Yes – 100% online
Partial
Yes
Time to Funding
As fast as 5 days
3-6 weeks
10-30 days
Rate Lock Speed
In 5 minutes
3+ days
Same day
Appraisal Requirement
No in-person needed
In-person req.
May vary
Rental Property Friendly
Yes
Limited
Primary only

How to apply for a HELOC by Figure

Applying is simple and 100% online:

  1. Check your rate — no hard credit pull.
  2. Submit your documents securely.
  3. Get approved — often same day.
  4. Receive funds in as few as 5 days.
Start Application

HELOC eligibility requirements

640+

Minimum credit score

80–85%

Max Loan-to-Value (LTV)

< 45%

Debt-to-Income (DTI)

U.S.

Available in most U.S. states

Own Property

Property must be owner-occupied or an eligible rental

What Landlords are Saying

Jamie D.

"Baselane + Figure made it ridiculously simple to get the capital I needed to renovate my duplex and boost my rents by $400/month."

Aaron S.

"5 days to funding. No paperwork hassle. No refi. Just equity I could use."

Jamie D.

"Using Baselane has helped me manage and scale my medium term rental business. I appreciate using a system that has so many capabilities built in. I've been using the rent collection, bookkeeping, and banking features for my business since January 2023 and I love how Baselane has continued to grow and evolve while collecting support from their customers and Baselane Builders."

* Actual results may vary by customer.

Frequently Asked Questions

What is a Home Equity Line of Credit (HELOC)?

A HELOC is a revolving line of credit secured by the equity in your home. You can borrow from it as needed, repay, and borrow again — similar to a credit card, but with significantly lower interest rates. It allows landlords to access flexible capital for purchases, renovations, or cash flow without refinancing.

How do HELOC loans work?

HELOCs have two phases:

  • Draw Period: Typically 5–10 years. You borrow as needed and make interest-only payments on what you use.

  • Repayment Period: After the draw period, you begin repaying both interest and principal on the balance. You can’t borrow more unless you requalify.
What are the eligibility requirements for a HELOC loan from Baselane?

To qualify through our partner Figure, most landlords will need:

  • A minimum credit score of 640+
  • A loan-to-value (LTV) ratio below 80–85%
  • Sufficient home equity and a strong debt-to-income ratio
  • A primary or investment property in an eligible state
How much can I borrow with a HELOC loan?

You can borrow between $15,000 and $400,000, depending on your credit profile, home value, mortgage balance, and state eligibility.

Does Baselane offer a fixed-rate HELOC loan?

Yes. Our lending partner offers both fixed and variable rate HELOCs, depending on your preference and qualifications. Fixed rates give you predictability in monthly payments.

Does Baselane offer Home Equity and HELOC loans?

Baselane offers HELOCs (Home Equity Lines of Credit) specifically — through our trusted partner Figure. These are revolving lines of credit rather than lump-sum home equity loans.

How can I access the money in my HELOC from Baselane?

Once your HELOC is approved and funded, you’ll receive access to a secure online portal where you can draw funds directly into your linked bank account — whenever you need them.

Does Baselane require an appraisal for a HELOC loan?

No in-person appraisal is required. The entire process — including property valuation — is handled 100% online through Figure’s digital system.

Can I refinance a HELOC loan?

Yes, many borrowers choose to refinance or convert their HELOC into a fixed-rate home equity loan down the line. This depends on your financial goals and current loan terms.

How do I repay my HELOC loan?

During the draw period, you’ll make interest-only payments on the amount you borrow. After that, you’ll enter a repayment phase (typically 10–20 years) where you pay back principal + interest monthly.

What's the difference between a home equity loan and a HELOC?
  • A Home Equity Loan gives you a lump sum upfront with a fixed repayment schedule.
  • A HELOC is a flexible, revolving credit line you can use and reuse — similar to a credit card, but secured by your property.

Get Your Personalized HELOC Rate in Minutes

No hard credit check. No bank runaround. Just real capital — made for landlords.

 Start Now – No Hard Credit Check