Point brings Home Equity Investing to Hawaii, Tennessee, and Utah

Point has added five new states in the last six months; Now available to 70% of U.S. homeowners

Point Editorial Team
November 8, 2022

You might also like:
A picture of a yellow and blue box.
A picture of a yellow and blue box.

Get up to $500k from your home equity.

  • No monthly payments
  • No income requirements
Prequalify now
Share on social:

Palo Alto, Calif., Nov 08, 2022 - Point, the leading home equity platform, announced the addition of Hawaii, Tennessee, and Utah to its growing list of locations where homeowners can get a Home Equity Investment (HEI). With these three new states, Point’s HEI is now available in 23 states and the District of Columbia. Point plans to expand to 28 total geographies by early 2023.

Point’s HEI is a way for homeowners to access the equity built up in their homes. Point offers homeowners the option to get a lump sum of cash in exchange for a share of the home’s future appreciation. As an HEI is equity financing, there’s no monthly payment, and it has more flexible qualification requirements than other forms of financing. Homeowners can access up to $500,000 and have the flexibility to repurchase their equity at any time during the 30-year term with no penalty.  

“With these new state additions, Point’s equity financing solution is now available in more than 70 percent of the U.S., spanning states coast-to-coast,” said Eddie Lim, co-founder and CEO of Point. “We are excited to offer more homeowners a chance to leverage their home equity to live their best lives, whether they want to start a small business, invest in their home, or restructure debt.”

U.S. homeowners have a historically high $29 trillion in home equity (1) due to years of gains, and economic uncertainty means that homeowners may be looking to build a financial cushion.

According to recent research, U.S. homeowners are eager to tap this equity. Sixty-one percent of homeowners told Point that they considered a home equity line of credit or mortgage refinance in the last 12 months, with about one-third (35 percent) of those homeowners decided not to pursue the loan due to rising interest rates. (2)

Get up to $500k from your home equity.

Prequalify in 60 seconds with no need for perfect credit.

Prequalify now
Get home equity, homeownership, and financial wellness tips delivered to your inbox.

Thank you for subscribing!

Check your email for a confirmation. We’ll be in touch soon!
Success!
Oops! Something went wrong while submitting the form.

Frequently Asked Questions

No items found.

Point in the media

Our innovative products have been featured in top publications.

Business Insider
Point CEO, Eddie Lim made Business Insider's 100 people who are transforming business
Every year, Insider surfaces 100 leaders across 10 industries who are driving unprecedented change and innovation. Lim, the CEO and cofounder of Point, wants to make it easier for people to tap into that wealth. Lim’s company, which he founded alongside Eoin Matthews in 2015, offers homeowners lump sums of cash in exchange for a stake in their home.
Read this article
TechCrunch
Point closes on $115M to give homeowners a way to cash out on equity in their homes
Historically, homeowners could only tap into the equity of their homes by taking out a home equity loan or refinancing. But a new category of startups have emerged in recent years to give homeowners more options to cash in on their homes in exchange for a share of the future value of their homes.
Read this article