APR Disclosure
*Available APRs range from 8.20% to 16.40%. The advertised APR includes a combined 0.55% discount for opting into a credit union membership (0.3%) and enrolling in autopay (0.25%) as well as the payment of a higher origination fee in exchange for a reduced
interest rate, which is not available to all applicants or in all states. The lowest APRs are only available
to the most qualified applicants, depending on credit profile and the state where the property is
located, and those who also select five year loan terms; APRs will be higher for other applicants and
those who select longer loan terms. As representative example, for a borrower with a 60% CLTV and a
740 credit score who is eligible for and chooses to pay a 4.99% origination fee in exchange for a
reduced APR on a five-year Figure Home Equity Line with an initial draw amount of $50,000 would have
a fixed annual percentage rate (APR) of 10.05%. The total loan amount would be $55,025. Alternatively,
a borrower with the same credit profile who pays a 3.99% origination fee would have an APR of 10.35%
and a total loan amount of $55,175. Your actual rate will depend on many factors such as your credit,
combined loan-to-value ratio, loan term, occupancy status, and whether you are eligible for and
choose to pay a higher origination fee in exchange for a lower rate. Rates change frequently so your
exact APR will depend on the date you apply. APRs for home equity lines of credit do not include costs
other than interest. Property insurance is required as a condition of the loan and flood insurance may
be required if your property is located in a flood zone.
