How do homeowners qualify for Point?
It takes two minutes to see if you pre-qualify for Point. Here are a few factors that we look at:
- Your home. To qualify for Point, your home needs to be in an eligible area, and your property value needs to be above $200,000.
- Your equity. You need to retain at least 20% of the equity in your home after Point's investment. In certain situations, Point may require more equity be retained by the homeowner.
- Your financial situation. While Point is much more flexible about your credit than conventional home equity options, we still require a credit score above 500. Your debt-to-income ratio can also affect your offer.
Get your pre-offer from Point and see how much you qualify for!