What types of property are eligible for a Point home equity investment?

Point invests in most types of: single-family residences, condos, properties with one to four units, and townhomes.

Investment properties and second homes are eligible for Point's HEI. Because these investments are perceived to carry more risk, they are subject to different underwriting criteria than investments in primary residences.

Being held in a trust may affect your home's eligibility for Point, depending on the type of trust. Point cannot work with irrevocable trusts. If your home is held in a revocable trust, you'll have to provide some additional documents related to the trust during your underwriting process. Typically, we ask to see the Trust Certification or the Trust Declaration.

At this time Point does not invest in manufactured homes, mobile homes, modular homes, or properties with five or more units. Properties held by an LLC or in a co-op are also not eligible.