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Rates starting at 3.25%
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Funding in as few as 10 days
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100% paperless application
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Premium phone support
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Get up to $350k

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How does Point's HELOC compare?

Low interest rate
$10k to $350k
10-day funding
Paperless application
Quick application

Point HELOC

Check my rate

Most other loans

How it works
apply

1. Apply
online
verify

2. Verify your info
& sign
cash

3. Get cash in as few
as 10 days
Frequently Asked Questions
What is a HELOC?     A HELOC is a line of credit that lets you get cash from your home equity. It works similarly to a credit card – you can take out as much money as you need, up to your maximum limit. When you pay down some of your balance, you can take out funds again.    A HELOC is a line of credit that lets you get cash from your home equity. It works similarly to a credit card – you can take out as much money as you need, up to your maximum limit. When you pay down some of your balance, you can take out funds again.   
How can I use my funds?
How much can I get?
How does Point's HELOC compare with a personal loan or a credit card?
How does a HELOC compare to Point's Home Equity Investment? 

A HELOC is a line of credit that lets you get cash from your home equity. It works similarly to a credit card – you can take out as much money as you need, up to your maximum limit. When you pay down some of your balance, you can take out funds again.   

You can use your funds for anything you need, whether you're looking to renovate your home, pay down high-interest debt, or put a down payment on an additional property. 

How much you can get depends on how much equity you have in your home. You'll need to retain 20% of your home equity after you receive your HELOC. There may also be additional limitations based on your DTI (debt-to-income ratio). Generally, homeowners can get up to $350,000 with a Point HELOC. 

Point's HELOC provides lower rates and a much higher maximum limit than either a credit card or a personal loan. However, while credit cards and personal loans are unsecured, a HELOC leverages the equity in your home to get you the funds you need. 

Point's HELOC and Home Equity Investment (HEI) are both great ways to unlock your home equity. With a HELOC, your cost is based on an affordable interest rate. With an HEI, your cost is based on a share of your future home appreciation, and you don't take on an additional monthly payment.

If you have good credit and want the best possible price, a HELOC might be the best fit. If not having a monthly payment is most important to you, you might prefer the HEI. Point's home equity experts can help you figure out whether a HELOC or an HEI is the right fit for you. 

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Learn more about Point’s original product, the Home Equity Investment (HEI)!
  1. A home equity line of credit is secured by your property and is available only for single-family residence, 2-4 unit owner-occupied, and condominiums, excluding co-op’s, in California.  Loan approval is subject to credit approval and program guidelines, including but not limited to credit qualification, income verification, and collateral evaluation.  
  2. By clicking “Check my rate,” you authorize Point to conduct a soft pull of your credit to determine if you are eligible for a prequalified offer.  This soft pull will not affect your credit score.  However, if you continue and submit an application, we will request your full credit report from one or more consumer reporting agencies, which may impact your credit score.
  3. The Annual Percentage Rate (APR) can be as low as 3.25%.  The APR is a variable rate that is indexed to the Prime Rate as published in The Wall Street Journal plus a margin.  The margin is determined based on credit history, loan amount, property usage, and combined loan-to-value (CLTV) ratio.  The floor rate is 3.25%, and the maximum APR is 18%.  The variable rate will not increase more than 2% annually. No application, early termination, and annual fees.  Closing costs may vary based on the line amount, property location, title insurance required, and appraisal fees. 
  4.  Funding timelines may vary depending on various factors including but not limited to appraisal turnaround times and follow-ups required for verification of income and/or property insurance.
  5. The maximum credit line is $350,000 and assumes the customer has excellent credit; meets certain loan-to-value and lien position requirements; and the collateral property is owner-occupied.  Credit line may be reduced or additional extensions of credit limited if certain circumstances occur.  The minimum credit line is $10,000.  A full draw is required at closing for lines under $50,000.
  6. Closing the loan requires in-person notarization. 
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