Hometap vs EquityChoice: Which Home Equity Investment Is Better in 2026?
Last updated 10/17/2025 by
Ante MazalinEdited by
Andrew LathamSummary:
If you’re a homeowner interested in unlocking your home equity without taking on debt, you’ve likely come across home equity investment. Two companies offering this solution are Hometap and EquityChoice. Both provide cash upfront in exchange for a share of your home’s future appreciation — but how do they stack up against each other?
This guide compares Hometap and EquityChoice home equity investment companies side by side so you can make an informed decision.
Quick Comparison: Hometap vs EquityChoice
| Feature | Hometap | EquityChoice |
|---|---|---|
| Maximum Funding | Up to $600,000 | $85,000 - $500,000 |
| Maximum Funding (%) | Up to 25% | 3% - 16% |
| Share of Home Appreciation | 5% - 25% | Up to 50% |
| Term Length | 10 years | 10 years |
| Origination Fees | 4.5% | 3% |
| Closing Costs (%) | 1% - 5% | |
| Monthly Payments | None | None |
| Maximum LTV | 75% | |
| Home Value | Starting at $50,000 | |
| Credit Requirements | 585 | 680 |
| Use Case | Equity Cash-Out | Equity Cash-Out |
| Share of Home Appreciation | N/A | |
| States Available | Available in 16 states | Available in 20 states |
| SuperMoney Rating | strongly recommended | rating not yet determined |
Hometap Overview
Hometap is one of the most widely recognized home equity investment providers. Founded in 2017, Hometap has funded thousands of agreements and emphasizes transparency and homeowner support.
How it works
Hometap offers upfront cash between Up to $600,000 in exchange for a share of your home’s appreciation. Repayment occurs when you sell your home or after 10 years.
EquityChoice Overview
EquityChoice is a newer player in the HEA market that focuses on predictable costs and straightforward terms, appealing to homeowners who want clarity in repayment outcomes.
How it works
EquityChoice provides a lump-sum payment of $85,000 - $500,000 in exchange for a share of your home’s future appreciation. The agreement is settled when you sell your home or after 10 years.
Hometap vs EquityChoice: Eligibility Requirements
Eligibility differs between these two providers. Here’s how they compare:
| Requirement | Hometap | EquityChoice |
|---|---|---|
| Credit Score | 585 | 680 |
| Maximum LTV | 75% | |
| Property Type | Primary, secondary and investment properties | Primary residences only |
| Location | Available in 16 states | Available in 20 states |
Fees and Terms
Costs and repayment structures matter. Here’s how Hometap and EquityChoice compare:
| Criteria | Hometap | EquityChoice |
|---|---|---|
| Investment Range | Up to $600,000 | $85,000 - $500,000 |
| Term Length | 10 years | 10 years |
| Repayment | Upon sale or end of term | Upon sale or end of term |
| Origination Fees | 4.5% | 3% |
| Closing Costs (%) | 1% - 5% | |
| Monthly Payments | None | None |
Which One Is Right for You?
Choosing between Hometap and EquityChoice depends on your goals, credit profile, and home value.
Hometap is best for:
- Borrowers who want Up to $600,000 in upfront funding
- Homeowners who prefer agreements up to 10 years
- Those comfortable sharing 5% - 25% of their home’s future appreciation
EquityChoice is best for:
- Homeowners looking for predictable repayment costs
- Borrowers who want $85,000 - $500,000 with no monthly payments
- Those meeting credit score requirements of 680 and maximum LTV of
What Users Are Saying
Hometap has a strongly recommended SuperMoney rating, with users highlighting ease of use and funding speed.
EquityChoice holds a rating not yet determined rating, with customers noting the predictable terms and cost clarity.
EquityChoice holds a rating not yet determined rating, with customers noting the predictable terms and cost clarity.
Next Steps
If you’re ready to explore further:
Compare More Providers
Looking for other options? Explore these guides:
- Unison vs Hometap – Compare fees and state availability.
- Hometap vs Splitero – Repayment structures explained.
- Hometap vs Unlock – See eligibility side by side.
- Aspire vs Hometap – Predictability vs flexibility.
- Point vs EquityChoice – Costs and terms compared.
Not sure if either option is right for you?
Key Takeaways
- Both Hometap and EquityChoice provide upfront cash with no monthly payments.
- Hometap offers wider availability and a longer track record.
- EquityChoice focuses on predictable terms and cost clarity.
- Always confirm eligibility, state availability, and fees before choosing a provider.
FAQ
How do Hometap and EquityChoice differ in repayment terms?
Both require repayment upon home sale or after the contract term. Hometap’s term is 10 years, while EquityChoice’s is 10 years.
What credit score do I need?
Hometap typically requires 585, while EquityChoice’s minimum is 680.
Do either allow secondary or investment properties?
Hometap generally limits agreements to primary residences, and EquityChoice is primarily for owner-occupied properties.
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