Pre-qualified Application Process:
It only takes a minute to see if you pre-qualify for a Point Home Equity Investment, with no impact on your credit score.
Simply fill in the amount you are requesting and complete the short application on Acorn Finance. If you are in a state that Point currently serves you will have the option to complete the two optional questions about your estimated home value and mortgage balance. Within 15 seconds if you qualify you'll see offers from top lenders in including Point. From there you can select the offer and continue to Point for a detailed conversation about your options and determine if it is a good fit for your needs.
Here are a few factors that they look at:
Your home. To qualify for Point, your home needs to be in an eligible area, and your property value needs to be above $200,000.
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 more equity be retained by the homeowner.
Your financial situation. While Point is much more flexible about your credit than conventional home equity options, we may still require a minimum credit score to qualify. Your debt levels can also affect your offer.
Get your pre-offer from Point and see how much you qualify for!