How do homeowners qualify for a Point Home Equity Investment?
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 market area, and your property value needs to be above $155,000.
- 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 credit profile. While Point is much more flexible about your credit than conventional home equity options, we will still review your credit history and may require a minimum credit score to qualify.
- Additional eligibility. Point does not currently offer HEI on commercial properties, properties with 5 or more acres, or if the property ownership is tenancy-in-common, LLC, or co-op.
Get your pre-offer from Point and see how much you qualify for!