Unacceptable ownership type

Rejection reason:

Unacceptable ownership type

What does this mean?

  • The subject property is held in a manner not supported by Point, such as 
    • Land trust or irrevocable trust
    • LLC
    • Co-op
    • Life estates/LadyBird estates
    • Complex trust structures
  • If your property is vested as tenancy-in-common, Point can only invest if it is a single unit. 

How can I become re-eligible?

  • If the vesting changes in the future, you may be able to fulfill this specific eligibility. Please note that a vesting change does not guarantee approval, and your application will still be subject to a full underwriting review.