Point Home Equity Reviews 2026: HEI and HELOC Options

Point is a home equity company founded in 2014 that offers two ways to access your home equity: a home equity investment (HEI) and a home equity line of credit (HELOC). In this review, we’ll break down how Point works, its costs and eligibility requirements, customer reviews, pros and cons, and who it may be best for.

Our take: Is Point a good home equity option?

Based on our analysis, Point is one of the best home equity companies out there. It receives high praise from customers, and it’s an A+ accredited company with the Better Business Bureau.

Point offers two very different paths to tapping into your home:

1. A Home Equity Investment (HEI) with no monthly payments
2. A HELOC with traditional interest and repayment

The Point HEI is generally best if you need cash but can’t (or don’t want to) add another bill to your budget. Point’s HELOC may be better if you’re well-qualified for a loan and prefer paying monthly interest over giving up equity.

Pros and cons of a Point home equity investment

How does Point work?

Because Point offers both an HEI and a HELOC, you have two ways to tap your home equity. With the HEI, you receive funds as a lump sum in exchange for a share of your home’s future value, with no monthly payments. The HELOC works more like traditional home equity loans, where you borrow against your equity and repay the balance with interest. Here’s a closer look at each.

How Point HEI works

Best for Longer Terms

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About Point’s Home Equity Agreement

• No monthly payments for up to 30 years
• Credit scores as low as 500 may qualify
• No stated income requirement
• You can buy back the investment anytime without penalty
• Shares in depreciation (you may owe less if your home value drops)
• You can buy back the investment any time with no penalty

• Processing fee up to 3.9% plus standard closing costs
• Not available in all states
• Repayment may be much higher if your home appreciates
• Minimum funding amount of $30,000 (higher than some competitors)

Point’s HEI is its flagship product, and it’s the main reason many homeowners end up on its site. It works like a home equity sharing agreement (HEA or HESA) where you get a lump sum today in exchange for a share of your home’s future value—with no monthly payments for up to 30 years.

Hometap and Unlock both require repayment within 10 years, so Point gives you far more breathing room. And with no income requirement and credit starting at 500, it’s one of the more accessible ways to tap your equity when you’re not bank-ready for a HELOC.

Term length	Up to 30 years
Fees	Up to 3.9% processing fee (minimum $2,000) Plus appraisal, escrow, title, and government recording fees
Funding amounts	$30,000 – $600,000
Prequalify	Get an estimate in just 60 seconds

Eligibility

Min. credit score	500
Min. income	None
Eligible states	Arizona, California, Colorado, Connecticut, District of Columbia, Florida, Georgia, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, Missouri, North Carolina, New Jersey, New York, Nevada, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, Utah, Virginia, Washington, Wisconsin

Unique features

• Repayment window up to 30 years
• No monthly payments
• No income requirement
• Buy back anytime with no penalty
• Shares in depreciation (you may repay less if your home value drops)
• Higher funding maximum than Unlock and similar to Hometap

How Point HELOC works

NMLS #1610752

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About Point’s HELOC

• Borrow up to $750,000
• Funding can be as fast as 5 business days
• Fixed rate on the initial draw
• Fully online application (originated through Figure)
• 30-year term with no prepayment penalty

• Generally 640+ FICO required
• Availability limited to select states
• Origination fee up to 4.99%
• Must draw 100% of the loan amount at closing

Point’s HELOC is the more traditional option: you borrow against your home, repay monthly, and keep 100% of your future appreciation. It’s originated through Figure, which means a fully digital process, verification via uploaded documents, and in many cases, funding in as little as five business days.

Your initial draw is fixed-rate and fully funded at closing. After that, you can redraw during the draw period, with rates tied to the prime rate. Because it requires stronger credit, the HELOC tends to be best for borrowers with solid financials who want a straightforward interest-based option.

Initial rate (APR)	6.50% – 15.25%
Rate type (fixed or variable)	Initial draw: Fixed Additional draws: Fixed or variable
Draw requirement at closing	Full loan amount (minus origination fee)
Funding speed	As fast as 5 business days (for loans under $400k)
Loan amounts	$15,000 – $750,000
Term lengths	30-year term

Eligibility

Min. credit score	640+
Min. income	Not listed
Eligible states	California, Colorado, Connecticut, Georgia, Illinois, Maryland, North Carolina, Washington

Unique features

• Additional draws available during the draw period
• Fully online application
• Premium phone support
• Potentially rapid funding timeline

Both of Point’s products give you a way to unlock home equity, whether you want breathing room in your monthly budget or prefer traditional interest-based borrowing. Next, we’ll dig into recent point home equity reviews to see what customers say.

Point home equity reviews

Source	Customer rating	Number of reviews
Trustpilot	4.7 / 5	6,814
Better Business Bureau (BBB)	4.58 / 5	215

Most Point home equity reviews are on Trustpilot, and at a glance, the company is clearly well liked. Customers frequently praise Point for a fast, easy process and clear communication from the customer service team.

How to apply for a Point HEA or HELOC

Point uses one online flow to check eligibility for both products. Here’s how each works.

What customers say about Point

A scan of recent Trustpilot feedback and BBB reviews shows consistent themes across Point home equity investment reviews. Most sentiment reflects the HEI, since Point HELOC reviews are still limited.

• Smooth, guided application process: Reviewers consistently describe the online application as straightforward, with account managers walking them through each step. Many mention a fast, easy process and feeling informed at every stage.
• Responsive, knowledgeable account managers: Positive Point HEI reviews often name specific team members who answered questions quickly and clearly explained the HEI structure. Reviewers frequently highlight the pre-closing counseling session as a confidence-builder.
• A fit for homeowners outside traditional lending: Many reviewers are retirees or self-employed borrowers who fall outside traditional HELOC or cash out refinance requirements. They appreciate accessing equity without adding a monthly bill.

• Funding amount shifts after appraisal: The most common complaint in Point equity loan reviews is that the final offer came in lower than the initial estimate after Point applied its appraised value and risk adjustment. Some reviewers also flag requests for extra paperwork that slowed the timeline. 
• Confusion around credit inquiries: A handful of BBB complaints mention expecting a soft pull during the application and later seeing a hard credit pull on their credit report. If you plan to apply, confirm with your account manager exactly when Point moves from a soft pull to a hard pull.

Who Point is best for

Point may be best for homeowners who want to access their home equity with flexible home equity loan options based on their financial needs. Its HEI may be a better fit if you want to avoid monthly payments or have difficulty qualifying for a traditional HELOC, while its HELOC may suit borrowers with stronger credit who prefer traditional interest-based borrowing.

How to apply for a Point HEI or HELOC

Point uses one online flow to check eligibility for both products. Here’s how each works.

Point HEI application process

1. Prequalification: You enter your address and a few basic details to see an initial offer. There’s no credit impact at this stage, and you’ll get a ballpark estimate of how much equity you could unlock.
2. Full application and underwriting: If you like the estimate, you move into a full application. Point will pull your credit, verify your info, and order the required third-party reports: an appraisal, a title search, and other standard checks.
3. Appraisal: Some applicants need an independent third party appraisal. This helps Point set the “starting value” for calculating a home’s future appreciation.
4. Closing and funding: Once underwriting is complete, closing happens with a mobile notary. Funds are typically wired within about three weeks, depending on appraisal and document turnaround.
5. Repaying your HEI: There are no monthly payments. You repay anytime within 30 years (usually when you sell, refinance, or buy back the investment directly).

Point HELOC application process

1. Rate check and prequalification: You enter your address and basic info to see whether you qualify for Point’s HELOC (or the HEI). If you’re eligible, you’ll see both options side-by-side.
2. Full application (via Figure): Because Point originates HELOCs through Figure, you’ll verify your email and complete the application on Figure’s platform. Expect to upload your ID, income documents, and bank statements.
3. Closing timeline: Funding can be as fast as five business days for loan amount under $400,000 that don’t require a full appraisal. Larger loans may need an appraisal and take longer.
4. How draws and payments work: Your initial draw is fixed-rate and fully funded at closing. After that, you can redraw during the draw period; those later draws come with a different interest rate. You’ll make monthly payments based on whatever you’ve actually borrowed.

Point alternatives to consider

Point covers both sides of the home equity market with an HEI and a HELOC, and comparing it against other top providers can help you confirm the right fit for your credit profile and funding speed needs. Here’s how Point stacks up in each category.

Point HEI alternatives

• Point vs. Hometap: Hometap is our highest-rated HEI provider. Hometap is the closest apples-to-apples comparison to Point, but their terms work very differently once you look under the hood. Hometap offers a 10-year agreement (vs. Point’s 30-year window), requires a higher minimum credit score (585), and charges a higher origination fee (4.5%, up to $20,000). It also operates in fewer states (26 vs. Point’s 26 including Washington, D.C.). Hometap is known for having exceptional customer service and a simple interface. But if you have a credit score below 585, Point could be a better fit.
• Point vs. Unlock: Unlock is the most flexible of the major HEI providers because it’s the only one that lets you make partial buybacks, meaning you can repay your agreement in smaller chunks instead of all at once. Its 10-year term works more like Hometap’s timeline, and its credit minimum (500) is similar to Point’s.

Where Point stands out is in total funding (up to $600,000 compared to Unlock’s $500,000), a much longer repayment horizon (30 years instead of 10 years), and lower potential fees than Unlock’s 4.9% origination fee cap. Unlock is great if you want repayment control; Point is better if you want room to breathe or need higher upfront cash.

Point HELOC alternatives

• Point vs. Figure: If you’re strictly shopping for a HELOC, Figure is hard to beat. It’s our top-rated digital HELOC provider (4.9/5) with fast approvals, same-week funding, and fully online underwriting that’s ideal for borrowers with strong credit. (Note: Point’s HEI’s are actually offered through Figure, so it’s essentially the same product.)
  • But Figure doesn’t offer HEIs at all. So if you’re deciding between borrowing with interest (HELOC) and sharing equity (HEI), Point is the only lender that lets you compare both options under one roof.
• Point vs. LendingTree: LendingTree is a marketplace (not a lender). It’s a good spot if you’d like to access dozens of competing HELOC offers at once. If you already know you want a HELOC and want to see a wide spread of options, start with LendingTree; if you want a side-by-side HEI vs. HELOC comparison from a single provider, Point is more convenient.
• Point vs. Aven: Aven operates in 43 states, offering broader geographic coverage than the Point HELOC, which is restricted to select states. However, if you live in an eligible state and need more funding than Aven’s $400,000 maximum limit, Point allows you to borrow up to $750,000, making it worth getting prequalified. Similar to Figure, Aven strictly provides HELOC products and does not offer a Home Equity Investment (HEI).

Is Point home equity right for you?

Point earns its spot as a top pick largely because homeowners get two paths under one provider: a share-based HEI and a traditional HELOC. The HEI tends to work best for retirees, self-employed borrowers, and anyone who wants cash without a new monthly payment, while the HELOC is a stronger match for well-qualified applicants comfortable with interest-based repayment. Look closely at the fixed costs, term length, and how each product handles your home’s appreciation before choosing the one that fits.

Point home equity reviews FAQ

How we determine our Point loans reviews

We designed LendEDU’s editorial rating system to help consumers identify companies that offer the best financial products. Our experts spend hours researching these companies each year to ensure our ratings are fresh and accurate.

Our most recent evaluation compared Point to several companies across a number of factors, including cash offers, repayment terms, customer reviews, and fees. We weighted, scored, and combined each factor to produce a final editorial rating. This rating is expressed on a scale from 1 to 5, with 5 being the highest possible score. We round all ratings to the nearest tenth decimal place.