Point  HELOC


in Home Equity Lines of Credit from Point Digital Finance, Inc




in Home Equity Lines of Credit from Point Digital Finance, Inc

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Loan Amount $10,000 - $350,000
APR  (Variable APR) 3.25% - 5.99%
Maximum LTV 80%

Point HELOC Review

Point HELOC is offered by Point Digital Finance, Inc, a financial services company founded in 2014 and based in Palo Alto, CA. Point HELOC is available in 1 state across the USA.


How much can you borrow with a HELOC?

HELOCs are lines of credit that are secured by your home. Once you get approved for a certain amount, you can access your funds by check, phone, credit card, or online up to your HELOC amount.

Point HELOC allows borrowers to apply for lines of credit of up to $350,000. Note that the maximum loan amount you can borrow will vary depending on the value of the property, how much you owe on it, and your creditworthiness.

This lender's maximum loan to value rate is 80% for qualified borrowers. That means the total debt secured by the property cannot exceed 80% of its value. Let's say you own a property with a current market value of $100k, but you still owe $20k on your mortgage. Your equity would be $80k. In this scenario, if you have excellent credit, you may qualify for a line of credit of up to $60k.

What are the terms for a Point HELOC?

HELOCs have a draw and a repayment period. During the draw period you can borrow as much as you need up to your credit limit. After the draw period, you are responsible for repaying the loan. 

Point HELOC offers home equity loans with a maximum term of 20 years with an additional draw period of up to 10 years.

Is there a minimum draw requirement?

Yes, there is a minimum draw requirement of $50,000.

What range of rates does Point HELOC offer?

Point HELOC offers APRs starting at 3.25% and up to 5.99%.

Remember the APRs of HELOCs do not include points and financing charges, just the interest rate. Most home equity lines of credit have a variable interest rate. Fixed interest rates -- if available -- typically have higher APRs, but your monthly payments don't change over the life of the line of credit.

What is the estimated funding time for a home loan via Point HELOC?

Point HELOC will typically fund home equity lines of credit within 7 days of approval.

What fees does Point HELOC charge for a HELOC?

The good news is Point Digital Finance, Inc does not charge closing costs or processing fees.

Some lenders charge an origination fee for processing, underwriting, and funding a mortgage. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.

What types of property can you use as security for a HELOC with Point HELOC?

Lenders often have restrictions on the type of properties they will accept as security for a HELOC. Point HELOC will consider lines of credit secured by the following property types:

  • Primary homes.

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Message From Point HELOC

Get up to $350k with no monthly payments ever! Point is the first home finance product aligned with homeowners. We do well when you do well. We pay you today for a share of your home’s future appreciation. There are no monthly payments; you have the flexibility to buy Point out or sell the home at any time; costs are capped so that if your home appreciates in value a lot, you don’t give up too much of the gains. We do well when you do well. Now, that’s quite revolutionary.


Other Services by Point Digital Finance, Inc


  Available in 1 state
Availabile in all of California

Feature Breakdown

No Origination Fee
Credit Score Range 680 - 850
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Intended Use Primary Home
Joint Loan Applications Accepted
  • Individual Applications
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Cash
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
  • Recent Pay Stubs
  • Proof of Residence
Maximum LTV 80%
Minimum Draw Starting at $50,000
Draw Period 10 years
Funding Time Range 7 - 10 days
Repayment Period 20 years
Loan Term Up to 20 years
Loan Amount $10,000 - $350,000
APR (Variable APR) 3.25% - 5.99%

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