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- Figure Technology Launches Nationwide Piggyback HELOC
Figure Technology Launches Nationwide Piggyback HELOC

Key Highlights:
Nationwide Piggyback HELOC offers a flexible financing tool for first-time and existing homeowners.
Wide Partner Network including lenders, banks, and credit unions to enhance accessibility.
Serves Homebuyers with lower down payments and no mortgage insurance.
Assists Homeowners with cash-out refinance solutions and mortgage insurance alternatives.
5-day Digital HELOC with quick approvals and competitive rates.
Source: Business Wire
Notable Quotes:
“Offering a piggyback is in direct response to partner feedback. Our piggyback product is a perfect example of how Figure is an innovative platform that’s creating technology-driven opportunities by challenging the status quo.”
“With Figure’s piggyback rates and quick approval, fixed-rate HELOC, we have more options to better serve our clients' full financial needs amidst current market conditions.”
Our Take:
Figure’s nationwide Piggyback HELOC launch reflects the company’s commitment to expanding access to home equity solutions in a period of active monetary policy adjustments. This product addresses two key market needs: it enables homebuyers to avoid high jumbo rates and mortgage insurance costs while giving homeowners, particularly those with recent mortgages, a practical refinancing option. By embedding this product in a broad partner network, Figure continues to drive financial technology innovation, enhancing consumer choice and efficiency within the home financing landscape. This strategic move is timely, aiming to help buyers and homeowners leverage flexible financing options aligned with current economic conditions.