Is Hometap the right fit for you?
Last Updated: 08/06/2026
SuperMoney User Recommendation Score +75
Strongly recommended89 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 27%
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 is available in 21 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.
- Up to $600,000. 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 27% 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 27% 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.
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 an 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.
Hometap uses a two-tier pricing structure for its home equity investments. Homeowners who settle within the first five years pay a 1.65x multiplier on Hometap's initial investment (expressed as a percentage of the home's value), while those who settle after year five pay a 1.80x multiplier. The cost is capped at 18.5% compounded monthly, so the maximum potential cost is clear upfront.
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 30 to 45 days.
What types of property are eligible?
Intended Use
- Primary home
- Secondary home
- Investment property
Property Type
- 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
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Hours of Operation
SundayClosedMonday8:00AM - 5:00PMTuesday8:00AM - 5:00PMWednesday8:00AM - 5:00PMThursday8:00AM - 5:00PMFriday8:00AM - 5:00PMSaturdayClosed
Other Services by Hometap Equity Partners, LLC
SuperMoney Net Recommendation Score
SuperMoney users strongly recommend this product, giving it a user recommendation score of +75, or 4.5 on a 5-point rating scale.
+75
-1000+100
No one recommends
Everyone recommends
Hometap Community Reviews
Would you recommend Hometap to your friends?
XR
Xavier R.
Aug 5, 2026
May or may not recommend
Joe Kim is the best at Hometap he’s very patient,nice,motivating and he make sure he gets the job done he very active fast pace he doesn’t make you wait long like other companies would he loves what he does at Hometap and I believe him cause he made my experience top tier 5 stars goes out to Joe Kim from hometap he deserves a raise like right now if you’re ...Show More
PG
Paul G.
Aug 5, 2026
May or may not recommend
The process was clear and explained to us throughout the application. Your loan processor Kait, was very informative and answered all our questions.
U
Jul 30, 2026
May or may not recommend
Joe was super! Answered my questions and addressed all my concerns. Process was easy!
TS
Tonya S.
Jul 28, 2026
May or may not recommend
We recently completed a home investment with Hometap , and I am very impressed with how smoothly the entire process ran. While this type of transaction naturally requires a lot of information and documentation, the team handled it so efficiently that it never slowed the process down.
Our investment representative, Butch Miles, was absolutely fantastic. He was proactive, organized, and stayed one step ahead the entire time to keep everything ...Show More
LC
Linda C.
Jul 23, 2026
May or may not recommend
Excellent experience with Hometap. Couldn't ask for better service. My person is dealt with was awesome!
VH
Virginia H.
Jul 23, 2026
May or may not recommend
Ryan Whipple has been amazing to work with. Explained everything in simple terms. Dawn Danks with Clearedge Title (Curative Associate) was wonderful to work with as well. This has been a very pleasant experience inspite of a couple of bumps.
U
Anonymous
Jul 13, 2026
May or may not recommend
A special thank you to Raemy for being patient, professional, and helpful throughout the process. Raemy kept me informed every step of the way, answered my questions promptly, and made the experience smooth and stress-free. Excellent customer service!
Christina J.
Jul 13, 2026
May or may not recommend
I highly recommend working with Hometap if you have a need for an HEI. The process was made smooth and painless by my main contact there, Alex. Once I submitted my information, he called and explained the process to me and answered my questions. He walked me through each part of the process and responded to my emails quickly. I was working with another company at the same time in ...Show More
JG
Jim G.
Jul 10, 2026
May or may not recommend
It was a fairly easy process. communication was good but I disliked the usual just one more thing .But, that always happens when applying for a mortgage , HELOC or HEI . Once all the info was gathered it was a quick and easy process to get funded. Didn't even have to leave my house !
Sean L.
Jul 10, 2026
May or may not recommend
An absolute pleasure to work with. Victor was genuinely helpful and cared and made things happen
DL
Daniel L.
Jul 8, 2026
May or may not recommend
My experience with Hometap , was excellent. I worked with Micheala account manager and her supervisor Andrew. They explained every aspect of the loan and all its terms very clearly. They walked me through every document needed and how to get them forwarded. They were extremely helpful in getting through the paperwork. Also they have a great deal of patience. In the end I received the money I needed to ...Show More
U
Anonymous
Jun 30, 2026
May or may not recommend
Home Tap made our whole journey the best experience and we're so concerned about our needs for our equity. We can finally do the upgrades we've always wanted to.
There whole program
Is so about there clients. I've already highly recommended
Them to people we know struggling to get a part of there equity they so much deserve.
Troy W.
Jun 10, 2026
May or may not recommend
Great experience. Ian was a huge help throughout the process and made things simple.
Raul C.
Jun 9, 2026
May or may not recommend
Excellent service they kept me up to date at every step.
U
Anonymous
May 7, 2026
May or may not recommend
It was great Shawn was very helpful keep up the good work
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.
Showing 20 of 89 reviews
