Fund your small business

Home equity investments from Hometap provide a way for homeowners to be paid today for equity they’ve accumulated in their property — without monthly payments. We invest alongside homeowners, providing cash today in exchange for a share in the home’s future value. Homeowners can settle the Investment any time within 10 years, and use the funds for anything they’d like.

Unlike a lender, we receive no monthly payments or guaranteed return on the money we’ve invested. The application process also separates a home equity investment from a loan: the online application is streamlined to provide you with your funds in an efficient and stress-free manner. Unlike business loans that require documented business history and W-2s and specify how your funds can be used, the money you receive from a home equity investment can be used for whatever you choose.

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 speed at which we can make an Investment is dependent on several factors, but can take as little as 30-45 days.

Unlike many small business loans that require business financial records, we’ll need just a few documents from you to complete your Application. These include:

• A valid, government-issued photo ID
• A current copy of your homeowners insurance policy
• Your most recent monthly mortgage statement, if applicable

We may request additional documents depending on your property’s circumstances, such as lien payoff statements, trust documents, home equity line of credit statements, etc.

It is! We often work with homeowners who have additional funding needs after they’ve received their first Investment. As long as you meet our approval criteria, you may be able to access more equity from your home — we call this an “Investment Increase.”

To begin the process, simply log into your Hometap account and click on the “Access equity” button in the upper right-hand corner. We’ll then confirm your property and personal details, and determine your eligibility for an Investment Increase. If you pre-qualify, an Investment Manager will reach out to you promptly.

If you have an additional or new property you’re interested in accessing equity from instead, click “Access equity” and select the “add new property” option when the pop-up appears.