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 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 a significant percentage of the equity in your home after Point's investment. This percentage can be confirmed by prequalifying.
- Your credit profile. While Point is much more flexible about your credit than traditional 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
- 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.