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:
- 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.
- 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.
- 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.
- 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!