Hometap Competitors and Alternatives: Top Picks for Equity Access

Hometap is our top-rated home equity investment provider, earning a 4.8/5 for its low credit score requirement and debt-free funding of up to $600,000. As a home equity agreement (HEA) provider, Hometap allows homeowners to access cash upfront in exchange for a share of their home’s future value—offering a unique alternative to traditional home equity loans or HELOCs. With no monthly payments or income requirements, it’s an excellent choice for many homeowners.

However, Hometap isn’t perfect—it’s limited to 16 states, has a rigid 10-year term, and charges upfront fees. This guide compares Hometap to top competitors like Unlock, Point, and Figure, breaking down their unique features and eligibility. We’ll also explore traditional options like HELOCs and home equity loans, helping you find the best solution to access your home’s equity.

Hometap competitors

As a relatively new product, home equity sharing agreements are only offered by a few companies. Aside from Hometap, three other companies seem to get the most attention. These include Unlock, Unison, and Point.

You can read more about Hometap’s offerings in our complete review. In the following table, we’ll see how these two Hometap competitors compare. Keep reading for more detailed comparisons below.

	Hometap	Unlock	Point
Rating	4.8/5	4.5/5	4.6/5
Credit score	500+	550+	500+
Min. amount	$15K	$30K	$25K
Max. amount	$600K	$500K	$500K
Term (years)	10	10	30

Hometap vs. Unlock

Best for Partial Payments

4.5 _/5

Free Quote

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What makes it a good alternative to Hometap?

Unlock offers a compelling alternative to Hometap with its partial buyout option, allowing homeowners to repay their investment gradually over time rather than in a single lump sum. This flexibility can ease financial pressure, especially if cash flow is tight.

Additionally, Unlock supports a higher loan-to-value (LTV) ratio, enabling you to tap more of your home’s equity. With availability in states like Tennessee and Utah, where Hometap isn’t offered, it’s an excellent choice for homeowners outside Hometap’s service area.

Key differences

Feature	Hometap	Unlock
Partial repayments	Not available	Available
Maximum LTV ratio	75%	80%
State availability	16 states	13 states, including TN and UT
Fees	3.5% transaction fee	4.9% origination fee

Who should choose Hometap?

• Homeowners seeking larger funding amounts (up to $600,000).
• Those who want to minimize upfront costs, as Hometap charges a lower transaction fee.
• Residents of states like New York or Oregon, where Unlock isn’t available.
• Homeowners looking for a straightforward investment term without partial buyout options.

Who should choose Unlock?

• Homeowners who value partial repayment flexibility, allowing them to buy back equity gradually over the 10-year term.
• Those looking for a higher LTV ratio to tap more of their home’s equity.
• Residents in states like Tennessee and Utah, where Hometap is unavailable.
• Borrowers comfortable with slightly higher upfront fees in exchange for more flexibility.

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Hometap vs. Unlock

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Hometap vs. Point

Best for Longer Terms

4.6 _/5

Free Quote

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What makes it a good alternative to Hometap?

Point stands out as a good alternative to Hometap for its longer term length of up to 30 years, which provides flexibility for homeowners who prefer more time before settling the investment. Additionally, Point is available in 24 states, including locations like Colorado, Connecticut, and Georgia, where Hometap isn’t offered.

While Hometap charges a lower transaction fee, Point offers promotional pricing for eligible home improvements, potentially lowering costs for those looking to renovate.

Key differences

Feature	Hometap	Point
Term length	10 years	30 years
State availability	16 states	24 states, including CO and CT
Renovation adjustments	Excludes homeowner-paid improvements	Does not exclude homeowner-paid improvements
Fees	3.5% transaction fee	Up to 3.9% processing fee + risk adjustment

Who should choose Hometap?

• Homeowners who prefer lower fees (3.5% transaction fee versus Point’s 3.9%).
• Those who want to maximize their funding potential, as Hometap offers up to $600,000 compared to Point’s $500,000.
• Residents in states like New York, Oregon, and Virginia where Point isn’t available.
• Homeowners who want to ensure home improvements won’t increase the amount owed at the time of repayment.

Who should choose Point?

• Homeowners who need a longer repayment term, with up to 30 years to settle the investment.
• Those planning to use the funds for renovations, as Point offers promotional pricing for eligible improvements.
• Residents in states like Colorado, Georgia, or Connecticut where Hometap isn’t offered.
• Borrowers willing to accept slightly higher fees and risk adjustments in exchange for longer-term flexibility.

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Hometap vs. Point

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Alternatives to Hometap’s home equity financing solution

Hometaps HEAs provide debt-free funding by giving you cash now in exchange for a share of your home’s future value. In contrast, home equity loans provide a lump sum that’s repaid in fixed monthly installments with interest, while HELOCs act as a revolving credit line secured by your home.

Here’s how Hometap compares to HELOC and home equity loan providers, which offer more traditional ways to access your home’s value.

	Hometap	Figure	Spring EQ
Product	HEA	HELOC	Loan
Credit score	500+	640+	620+
Min. funding	$15K	$15K	$25K
Max. funding	$600K	$400K	$500K

Hometap vs. Figure

Best HELOC

4.9 _/5

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What makes it a good alternative to Hometap?

Figure is an excellent alternative to Hometap for homeowners who prefer a traditional home equity line of credit (HELOC) to access their home’s value. Unlike Hometap, which provides debt-free funding in exchange for a share of your home’s future value, Figure’s HELOC requires monthly payments on the borrowed amount.

You pay interest at a fixed rate, with advertised APRs starting at 6.99% depending on your credit score and property location. This predictable payment structure can make it easier to manage your finances compared to Hometap’s lump-sum repayment tied to future home appreciation.

Additionally, Figure offers flexible repayment terms of 5 to 30 years and fast funding—often within five days.

Key differences

Feature	Hometap	Figure
Product type	HEA	HELOC
Funding amount	$15,000 – $600,000	$15,000 – $400,000
Repayment terms	10 years	5, 10, 15, or 30 years
State availability	16 states	45 states (excludes NY, HI, WV, KY)
Draw period	Not applicable	2 – 5 years, with redraws allowed

Who should choose Hometap?

• Homeowners looking for debt-free funding with no monthly payments or interest charges.
• Those who want larger funding amounts, as Hometap offers up to $600,000.
• Borrowers with lower credit scores (minimum 500 compared to Figure’s 640).
• Homeowners seeking a simpler, one-time funding structure rather than ongoing access to a line of credit.

Who should choose Figure?

• Homeowners who need a flexible draw period to access funds multiple times during the initial 2 to 5 years.
• Those looking for faster funding, with disbursements often available within five days.
• Borrowers in states like Colorado, Illinois, or New Mexico, where Hometap isn’t offered.
• Homeowners seeking a fixed-rate HELOC, offering predictable monthly payments and longer repayment terms of up to 30 years.

The advertised rate includes .75% discount for opting into a Quorum membership and enrolling in autopay. Terms and conditions apply. Visit Figure.com for further details. Figure Lending LLC is an equal opportunity lender. NMLS #1717824

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Figure vs. Hometap in-depth analysis

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Hometap vs. LendingTree

Best Marketplace

4.5 _/5

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What makes it a good alternative to Hometap?

LendingTree is an excellent alternative to Hometap for homeowners who want to compare home equity loans and HELOCs from multiple lenders. Unlike Hometap’s home equity investment model, which involves no monthly payments but shares future home appreciation, LendingTree connects you with traditional financing options. These products require monthly payments but let you retain full ownership of your home.

With interest rates starting at 6.99% APR, LendingTree’s partners typically allow borrowing up to 85% of your home equity, offering a flexible way to tap your home’s value. LendingTree’s marketplace approach makes it easy to compare rates, terms, and fees side by side, helping you find the best deal.

Key differences

Feature	Hometap	LendingTree
Product type	HEA	Home equity loans & HELOCs
Funding amount	$15,000 – $600,000	$10,000 – $2 million
Interest rates	Not applicable	Starting at 6.99% APR
Repayment terms	10 years, no monthly payments	5 – 30 years, with monthly payments
State availability	16 states	Nationwide
Loan ownership	Partial ownership (Hometap share)	Full ownership (no equity sharing)

Who should choose Hometap?

• Homeowners seeking debt-free funding without monthly payments or interest charges.
• Those who want access to larger funding amounts (up to $600,000).
• Borrowers in states where LendingTree’s partner lenders may not offer competitive options.
• Homeowners who are comfortable sharing future home appreciation instead of paying interest.

Who should choose LendingTree?

• Homeowners who want to compare multiple loan or HELOC options to find the best interest rate and terms.
• Borrowers seeking nationwide availability and higher maximum loan amounts (up to $2 million).
• Those who prefer traditional monthly payments rather than sharing home equity.
• Homeowners who want the flexibility of a HELOC with a draw period to access funds as needed.

How to know which Hometap competitor or alternative is best

There are many Hometap competitors out there—both direct and indirect—which will allow you to turn your home equity into cash.

Generally, traditional home equity financing through home equity loans and lines of credit should be your first consideration. These products have been around longer than home equity sharing agreements and are more widely available.

However, if you need cash and can’t meet the eligibility requirements for a loan or you can’t afford an additional monthly payment, a home equity sharing agreement may be your best option.

If you’re still unsure which option is the best for your goals, talk to a financial advisor or tax professional. They can point you toward the right solution for your household.

Recap of Hometap competitors and alternatives