How do homeowners qualify for a Point Home Equity Investment?

It takes 60 seconds to see if you prequalify 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 a significant percentage of the equity in your home after Point's investment. This percentage can be confirmed by prequalifying.

   
   

3. Your credit profile. While Point is much more flexible about your credit than conventional home equity options, we still review your credit history and require a minimum credit score to qualify. Recent bankruptcies or foreclosures are subject to a waiting period, depending on the type. Read more about our bankruptcy and foreclosure requirements.

   
   
4. Additional eligibility. Point must be in at least third lien position and does not currently offer HEIs on commercial properties, manufactured homes, modular homes, mobile homes, properties with 5 or more acres, properties with an LLC ownership, or co-ops.