Hometap Competitors and Alternatives: Top Picks for Equity Access

Hometap is our top-rated home equity investment provider, due to its well-rounded terms with low credit score requirement and 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.

It offers 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 and Point, breaking down their unique features and eligibility.

Company	Best for…	Rating (0-5)
4.7 Visit Site	Best for Partial Payments	4.7 Visit Site
4.6 Visit Site	Best for Longer Terms	4.6 Visit Site

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 vs. Unlock

Best for Partial Payments

4.7 _/5

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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	4.5% 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

Hometap vs. Point

Best for Longer Terms

4.6 _/5

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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	4.5% 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

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

Company	Best for…	Rating (0-5)
4.7 Visit Site	Best repayment structure	4.7 Visit Site
4.6 Visit Site	Best for long terms	4.6 Visit Site