Last Updated: 02/26/2026
Hometap
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Last Updated: 02/26/2026
SuperMoney User Recommendation Score +70
Strongly recommended73 total votes
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Highlights
Community Rating
Strongly recommended
Credit Score Range
Starting at 585
Funding Range $
Up to $600,000
Funding Range %
Up to 25%
Contract Term
10
Number of Reviews
Hometap Review
Hometap is offered by Hometap Equity Partners, LLC (NMLS #2467867), a financial services company founded in 2017 and based in Boston, MA. Hometap are available in 16 states.
Key Takeaways
- Fair credit accepted. If you have a credit score of 585 or higher, you may qualify for a home equity agreement with Hometap.
- Starting property value. Hometap considers properties with values starting from $50,000.
- Large investments available. Hometap will invest up to $600,000 in a home, which is more than what most shared equity companies offer.
- 10-year term. The investment has a contract term of 10 years, at which time you'll need to settle up with Hometap.
- Home improvement credit. Hometap Equity Partners, LLC recognizes money you invest in eligible home improvements and adjusts the ending value so it doesn’t take a share of the value you added.
- Share of the home's future value. Hometap gets paid a share of the home's value when the contract ends, ranging from 5% to 25%.
- Cash-out only. Existing homeowners can access up to 25% of their property's value.
- Only available in select states. Hometap is currently available in a limited number of states.
Hometap Pros & Cons
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Hometap FAQ
How does the Hometap product work?
A shared equity agreement (also called a shared appreciation agreement or home equity contract) is a way to sell a portion of the equity in your home to an investment company.
As a home equity loan alternative, the Hometap product allows you to tap into your home equity without the monthly payments associated with traditional loans or HELOCs.
The transaction is secured by a lien on your property, but instead of paying interest or monthly payments, the investor receives a share of your home’s value when the agreement ends.
How much will Hometap Equity Partners, LLC invest?
Hometap Equity Partners, LLC offers equity investments of up to 25% of a property's value. The maximum investment in a single home is $600,000.
While Hometap is not a loan, the maximum loan-to-value ratio is 75%. This means the total of the investment plus any existing mortgage balance cannot exceed that percentage of the property’s value.
| Term | Amount |
What are the costs associated with Hometap?
Shared equity investments do not charge interest or require monthly payments. Instead, the investor earns a return based on the future value of your home.
At settlement, the investor receives an agreed-upon percentage of the home’s value.
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Origination Fee (%) | 4.5% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Closing Costs (%) | 1% - 5% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Share of Home Value | 5% - 25% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What are the terms for a shared equity agreement?
You can use the funds for up to 10 years.
When the term ends, you must settle the agreement by returning the investment, selling the home, refinancing, or partnering with the investor for another term.
The settlement amount is based on the agreed-upon percentage of your home’s value at the time of settlement.
How long does it take to close?
Funding typically occurs within 31 days.
What types of property are eligible?
Intended Use- Primary home
- Secondary home
- Investment property
- Single-family home
- Multi-family home
- Condominium
- Townhome
Is Hometap a legit company?
Hometap was founded in 2017, it is a well-established company that has been in business for 9 years. Based on their "strongly recommended" SuperMoney community rating, they appear to be a very reputable company.
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Message from Hometap
Message from our editor
Hours of Operation
Sunday
Closed
Monday
8:00AM - 5:00PM
Tuesday
8:00AM - 5:00PM
Wednesday
8:00AM - 5:00PM
Thursday
8:00AM - 5:00PM
Friday
8:00AM - 5:00PM
Saturday
Closed