Hometap vs. Point: Which Home Equity Sharing Option Is Better?
Last updated 07/29/2025 by
Ante MazalinEdited by
Andrew LathamSummary:
Homeowners are increasingly turning to home equity sharing companies like Hometap and Point to unlock their home’s value without taking out a traditional loan. But how do these two platforms compare? Whether you’re renovating your home, consolidating debt, or just need liquidity, this guide will help you decide which option is best for you.
Quick Comparison: Hometap vs. Point
| Feature | Hometap | Point |
|---|---|---|
| Maximum Funding | Up to $600,000 | $30,000 - $600,000 |
| Maximum Funding (%) | Up to 25% | Up to 20% |
| Term Length | 10 years | 30 years |
| Origination Fees | 4.5% | N/A |
| Closing Costs (%) | 1% - 5% | 3% - 5% |
| Monthly Payments | None | None |
| Maximum LTV | 75% | 73% |
| Home Value | Starting at $50,000 | $140,000 - $4,500,000 |
| Credit Requirements | 585 | 500 |
| Use Case | Equity Cash-Out | Equity Cash-Out |
| Share of Home Appreciation | N/A | 15% - 69% |
| States Available | 17 states | 30+ states |
| SuperMoney Rating | strongly recommended | mostly recommended |
How Hometap Works
Hometap is a home equity investment company that provides homeowners with a lump sum of cash in exchange for a share of their home’s future value—without monthly payments or interest.
Hometap offers homeowners a lump sum of cash in exchange for a share of their home’s future value. You don’t make monthly payments or pay interest. Instead, you repay Hometap when you sell your home, refinance, or reach the 10 year term limit—whichever comes first.
Hometap pros
- No monthly payments or interest charges
- Lower upfront fees (N/A)
- Early buyout is allowed anytime
- Supports credit scores as low as 585
- High funding cap — up to Up to $600,000
Hometap cons
- Limited availability — only in 17 states
- Primary residences only; no secondary/investment properties
- Fixed 10-year term with no renewal option
How Point Works
Point is a home equity sharing company that offers flexible funding with terms up to 30 years, allowing homeowners to access their equity without taking on debt or monthly payments.
Point also gives you a lump sum in return for a share of your home’s future appreciation. Like Hometap, there are no monthly payments, and repayment occurs when you sell, refinance, or reach the end of the term. However, Point offers terms of up to 30 years, giving you more long-term flexibility.
Point pros
- Term flexibility — options up to 30 years
- Supports primary, secondary, and investment properties
- No monthly payments
- Broad availability — 30+ states
- Early buyout allowed after 6 months
Point cons
- Higher fees (N/A)
- Lower maximum funding — up to $30,000 - $600,000
- No immediate buyout option; must wait 6 months
Which One Is Right for You?
Best for larger funding needs: Hometap
If you’re looking to access a significant amount of cash—perhaps for a home remodel, paying off high-interest debt, or covering major life expenses—Hometap’s maximum funding of Up to $600,000 gives you more capital to work with. It’s ideal for homeowners with substantial equity who want to maximize the cash-out value from a primary residence.
Best for long-term flexibility: Point
Point’s terms extend up to 30 years, making it a great fit if you’re planning to stay in your home for a while or aren’t sure when you’ll sell or refinance. The longer term gives you breathing room to make financial decisions on your own timeline without pressure to exit early.
Best for various property types: Point
If you want to access equity from a second home or rental property, Point’s eligibility for non-primary residences gives you more flexibility. This makes it especially appealing to real estate investors or homeowners with multiple properties who are seeking a cash injection.
Best if you want lower upfront fees: Hometap
Hometap’s average closing costs are N/A, compared to Point’s N/A, which can make a noticeable difference in what you actually receive. If reducing transaction costs is a top priority, Hometap may offer more value upfront, especially for shorter-term needs.
What Users Are Saying
According to verified reviews on SuperMoney:
Hometap
- SuperMoney Rating: strongly recommended
- Top Highlights:
- Users appreciate the transparent process and responsive support team
- The no monthly payment structure is frequently praised
- Some homeowners mentioned limited state availability as a drawback
“Hometap helped us fund a home addition with no extra debt. The process was smooth and the team was great to work with.” – Verified SuperMoney User
Point
- SuperMoney Rating: mostly recommended
- Top Highlights:
- Highly rated for longer terms and broad property eligibility
- Many users like the flexibility of buyout timing
- A few noted that fees were higher than expected, but still acceptable for the service offered
“Point gave me access to equity from my rental without refinancing. The terms were flexible, and I didn’t have to worry about monthly payments.” – Verified SuperMoney User
Final Verdict: Hometap or Point?
Both Hometap and Point are strong options for homeowners seeking an alternative to home equity loans or HELOCs.
- Choose Hometap if you want higher funding, lower fees, and plan to repay within 10 years.
- Go with Point if you want longer repayment flexibility, own multiple property types, or need access in more states.
Still not sure? Use SuperMoney’s comparison tools to explore your options:
Looking to Compare More HEA Providers?
If you’re still weighing your options, check out these in-depth comparisons that shed light on different shared‑equity agreements:
Each comparison highlights funding caps, fees, flexibility, and eligibility—helping you find the best HEA provider for your goals.
Key Takeaways
- Hometap offers 10-year home equity investments, while Point offers terms of up to 30 years.
- Point typically provides higher funding amounts than Hometap, making it a better fit for larger projects — up to $30,000 - $600,000.
- Hometap is better suited for homeowners with at least 75% LTV, while Point requires a minimum of 73% LTV.
- Point allows early repayment at any time, including home sale, refinancing, or cash buyout.
- Hometap’s cost is usually lower for homes with moderate appreciation, while Point’s fees may increase with long-term growth.
- Both Hometap and Point are safe, reputable companies that do not require monthly payments.
- Hometap caps funding at Up to 25%, while Point can go up to Up to 20%, depending on the property.
- Point supports a wider variety of property types, including condos, multi-family homes, and rental properties.
- Hometap is available in fewer states, while Point has broader geographic coverage across the U.S.
- Both companies offer no monthly payments, but homeowners must repay the investment upon sale, refinancing, or at term expiration.
FAQ about Hometap and Point
What are the negatives of Hometap?
The main downsides of Hometap include a 10-year repayment term, limited state availability, and the potential to give up a share of future home appreciation. It may also not be suitable for homeowners with less than 25% equity.
Who are the competitors of Point?
Competitors of Point include Hometap, Unison, Unlock, and Noah — all of which offer shared equity or home equity investment products. These companies provide cash upfront in exchange for a portion of future home value.
Does Hometap do a hard pull?
No, Hometap does not perform a hard credit pull during the prequalification process. They use a soft credit check to evaluate your eligibility.
Are there other companies like Hometap?
Yes, other companies similar to Hometap include Point, Unison, Unlock, and Noah. These firms offer home equity investment options that don’t require monthly payments.
Does Hometap require an appraisal?
Yes, Hometap typically requires a third-party home appraisal to determine the property’s value before finalizing the investment.
How long has Hometap been in business?
Hometap was founded in 2017 and has been offering home equity investments to homeowners across the U.S. for over 7 years.
How much equity do you need for Hometap?
Hometap generally requires homeowners to have at least 75% loan-to-value (i.e., about 25–30% equity remaining) to qualify for a home equity investment.
Do Hometap and Point affect your credit score?
No, applying for Hometap or Point typically does not affect your credit score, as they use soft credit checks during prequalification.
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