Find the right financing fit for you

Hometap is a Boston-based fintech company on a mission to make homeownership less stressful and more accessible.

Its home equity investment product provides homeowners with a fast, simple, and straightforward way to access the equity in their home without taking on monthly payments or having to sell. By investing alongside homeowners, Hometap offers cash in exchange for a share of their home’s future value — all without any monthly payments over the life of the investment.

And its digital platform, the Home Equity Dashboard, allows homeowners to take control of their largest asset — their home — with tools designed to help them better access, understand, and control it.

Through a combination of financial innovation and best-in-class customer service, Hometap enables people to get more from homeownership so they can get more from life.

Hometap makes home equity investments in people’s homes. Unlike with a home equity loan, homeowners make no monthly payments to Hometap during their Investment term, there are no employment, income, or debt-to-income requirements, and we have no guaranteed return on the money we’ve invested. When the homeowner settles the Investment, they’ll pay a previously agreed-upon share to Hometap.

For some, taking an equity investment can make sense as a way to fund the opportunities and needs that come up in life while eliminating the stress of increased monthly payments.

Compare home equity investments and common home financing options side by side.

Because there are a lot of factors that go into determining if Hometap can make an Investment in a property, each property is evaluated independently. That’s why we suggest you start an Investment Estimate so that our Investment Managers have the information they need to speak with you about your specific scenario. Here are some of the qualities that tend to make for a good fit:

• Your home is located in a state in which we’re currently operational. We currently invest in the following property and occupancy types:
  • Single-family homes
  • Condos
  • Vacation and rental properties
  • Multi-family homes (1-4 units)
  • Manufactured homes
• You have a minimum FICO requirement of 575
• You have a minimum of 25% equity in your home
• You’re looking for an investment between $15,000 and $600,000 (minimum amount varies by state, and maximum amount will depend on home value and equity percentage)

The more you know about your home equity, the better decisions you can make about what to do with it. Do you know how much equity you have in your home? The Home Equity Dashboard makes it easy to find out.

The effective period of a Hometap Investment is 10 years. You can either buy out our Investment with savings, take out a home equity (or other) loan, or sell your house during the effective period. We call this settling the Investment.

The Hometap Investment process is easy, fast, and transparent.

1. Request an Estimate

Provide a few basic details and find out if you pre-qualify in a matter of seconds.

2. Fill out an Application

If it’s a mutual fit and you decide to move forward, you fill out a quick and easy online Application.

3. Receive and review the details with your Investment Manager

Hometap will review your application as part of our underwriting process to determine your eligibility for an Investment. If approved, your dedicated Investment Manager will guide you through the process and review your Investment Offer with you. Once we align on the specifics, we’ll schedule a signing to make it official.

4. Receive your funds and plan for the future!

We'll wire you the funds. Use them for anything you'd like. Keep track of your Investment — and your home's value, equity, and more — with your Home Equity Dashboard!

5. Settle the Investment

At or before the end of the 10-year term, you’ll pay a previously agreed-upon percentage of the home’s sale price* or current appraised value via refinance, savings, loan, or home sale.

*The sale price must be an arms-length transaction of at least 90% of the Fair Market Value.