How do homeowners qualify for a Point Home Equity Investment?

It takes two minutes to see if you pre-qualify for Point's Home Equity Investment (HEI). Here are a few factors that we look at: 

1. Your home. To qualify for an HEI, your home needs to be in an eligible market area, and your home should be worth over $155,000.
2. Your equity. You need to retain at least 30% of the equity in your home after Point's investment. In certain situations, Point may require you to have additional equity. 
3. Your credit profile. While Point is much more flexible about your credit than conventional home equity options, we will still review your credit history and require a minimum credit score to qualify.
4. Additional eligibility. Point must be in at least a second lien position and does not currently offer the HEI on commercial properties, manufactured homes, modular homes, mobile homes, properties with 5 or more acres, properties with an LLC ownership, or co-op.

Check your offer to see if you qualify!