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.
One of the fastest and easiest ways to access real estate capital in 2025.
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.
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.
To qualify through our partner Figure, most landlords will need:
You can borrow between $15,000 and $400,000, depending on your credit profile, home value, mortgage balance, and state eligibility.
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.
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.
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.
No in-person appraisal is required. The entire process — including property valuation — is handled 100% online through Figure’s digital system.
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.
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.
