Figure Technology Solutions, the fintech company that built its entire business around home equity lines of credit and blockchain rails, says its delinquency rate has dropped to an all-time low. The company claims the figure now sits below the national HELOC delinquency rate, a benchmark that covers the entire traditional banking industry.
The numbers behind the claim
Figure’s HELOC portfolio has been performing well by most conventional lending metrics. As of April 2026, the company reported a weighted-average delinquency rate of 0.80% across roughly $4.6 billion in securitized assets. The loss rate on its HELOC book was running below 1% as of mid-2025.
Those numbers look solid partly because of who Figure is lending to. The company’s average borrower has a FICO score around 754, which puts its typical customer squarely in the “prime” credit category.
HELOCs aren’t a side hustle for Figure. They represent over 98% of the company’s origination activity and accounted for approximately 75% of revenue in the first half of 2025. The company has now originated more than $16 billion in home equity loans since its founding in 2018, making it one of the larger non-bank players in the space.
