Is Hometap the right fit for you?
Last Updated: 04/22/2026
Hometap
Claimed
Last Updated: 04/22/2026
SuperMoney User Recommendation Score +70
Strongly recommended74 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 traditional loan, the maximum lien-to-value ratio is 75%. This means the total of the investment return 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 an interest rate or require monthly payments. Instead, the investor earns a return based on the future value of your home. However, most investors will charge and appraisal fee and other third-party closing costs.
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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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
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
Other Services by Hometap Equity Partners, LLC
SuperMoney Net Recommendation Score
SuperMoney users strongly recommend this product, giving it a user recommendation score of +70, or 4.4 on a 5-point rating scale.
+70
-1000+100
No one recommends
Everyone recommends
Hometap Community Reviews
Would you recommend Hometap to your friends?
CH
Charles H.
Apr 10, 2026
May or may not recommend
Alex from Hometap has gone so above and beyond the help getting my HEI loan approved. He has kept me updated of every step in the approval process. Would highly recommend using Hometap for your HEI company.
BH
Breshea H.
Feb 12, 2026
May or may not recommend
My experience with Hometap was absolutely amazing, and working with Alex made the entire process smooth and stress-free. From the very beginning, Alex explained everything thoroughly and made sure I fully understood how the HEI worked. I truly felt like he was advocating for me and had my best interest in mind throughout the entire process.
He made everything incredibly easy and straightforward. Anytime he needed additional documents, communication was clear ...Show More
U
Anonymous
Jan 30, 2026
May or may not recommend
Chris help ever step of the way. I appreciate the patients he had with my situation! Thank you!
AS
Anthony S.
Jan 29, 2026
May or may not recommend
Bree Wilson has been most professional, knowledgeable, pleasant and made my experience with Hometap very easy and understanding the whole process from beginning to the end. Thank you so very much Bree
SC
Scott C.
Jan 25, 2026
May or may not recommend
The application process was simple, the people involved were very professional and I would highly recommend Hometap over any other HEI product.
CV
Carlos V.
Jan 1, 2026
May or may not recommend
Hometap was the best decision we took no hassles and they are very professional also guide us through the process
Thank you Hometap
U
Anonymous
Dec 23, 2025
May or may not recommend
I had the pleasure of dealing with Dan throughout my journey at Hometap. It was a pleasure dealing with him. He was very understanding and receptive to what my specific needs were. We did have some hiccups that were of no fault of Hometap or even myself, but he fought hard to make sure I had an opportunity to see things through to the end and we did.
MH
Md hasibur R.
Dec 23, 2025
May or may not recommend
Hometap provides a simple way to access home equity without monthly payments. The process is easy to understand, customer support is helpful, and it’s a good alternative to traditional home-equity loans—especially if you want cash now and flexible repayment options.
James H.
Dec 6, 2025
May or may not recommend
It was very straightforward my representative was awesome and very knowledgeable. I will recommend Hometap my friends and family.
DM
Dennis M.
Dec 5, 2025
May or may not recommend
It went very easy and fast. It went smoothly with out any questions that I couldn't answer
.
U
Anonymous
Dec 4, 2025
May or may not recommend
My mother and I had a great experience using HomeStap. The explanation was clear, and when we had questions, they were promptly answered.
BR
Blend R.
Oct 29, 2025
May or may not recommend
Our experience with Hometap was excellent. The process was smooth, the team was responsive, and everything was clearly explained. We felt supported every step of the way. Highly recommend!
DG
Dianne G.
Oct 16, 2025
May or may not recommend
From the very first moment, Olivia answered the phone I felt it ease. She explained everything and was so kind and had so much patience. I was a little hesitant because I was not sure if I was doing the right thing, but Olivia reassured me and helped me all the way through I cannot say enough about Olivia. I’m a 76 year-old woman and she had patience of a ...Show More
U
Anonymous
Oct 11, 2025
May or may not recommend
Every thing is explained clearly at the beginning and then before you accept the offer.
GB
Gary B.
Sep 22, 2025
May or may not recommend
Horrible experience with this Beantown company. Lost $60,000 after exiting Hometap after 26 months
BS
Bernd S.
Sep 20, 2025
May or may not recommend
Working with Hometap is a breeze. My wife and I had significant anxiety about the process. This is our very first home equity agreement (HEA), Patricia Jarrett was our only contact, she allayed our fears and was always available to answer our questions and to assist us. To meet our immediate financial goals we needed a very large amount of money. Hometap made it very easy to submit the required ...Show More
U
Anonymous
Sep 19, 2025
May or may not recommend
The application process is straightforward, the dashboard is user-friendly, and the consultants that work with you are excellent communicators who follow through reliably.
U
Anonymous
Sep 18, 2025
May or may not recommend
Hometap was really a "ram in the bush" when I couldn't use the conventional income-based loan methods. I also really appreciated the remote simulation modeling. That and the great communication of my Advisor made understanding the numbers and the process crystal clear!
ES
Eric S.
Sep 17, 2025
May or may not recommend
Sara Crooks was the person who helped me through the entire process, and she was fantastic. It was quite a tedious process, because they are very thorough as they should be, and she helped me at every step. I am very grateful to her and Hometap.
U
Anonymous
Sep 15, 2025
May or may not recommend
The whole experience was great. The team was helpful and professional. Victoria specifically was amazing to work with. Prompt in communication and I felt like she had my back every step of the way. Was also easy to sign with notary when I was out of state and needed to sign closing papers.
Showing 20 of 74 reviews
