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Home Equity Home Equity Investments

Hometap Competitors and Alternatives

Hometap offers equity sharing agreements for homeowners. These agreements allow you to exchange a share of your home’s equity for a lump-sum cash payment, which you can use as needed.

There are a few companies like Hometap offering their own version of an equity sharing agreement and other indirect competitors that offer more traditional home equity financing products.

Let’s examine how Hometap compares to its competitors and alternative financing options.

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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.

In the following table, we’ll see how these two Hometap competitors compare.

Our rating4.6/54.4/54.8/5
Credit score550+500+500+
Min. investment$30,000$25,000$15,000
Max. investment$500,000$500,000$600,000
Term length10 years30 years10 years


  • Investments from $30,000 to $500,000
  • Only company allowing partial buy out payments
  • Prequalify and receive a cash estimate with no impact on your credit score

What makes it a good alternative to Hometap?

Unlock is a company that co-invests in real estate. It gives homeowners a lump-sum payment for a portion of their home’s future value.

The standout feature of Unlock is its partial buy-out option, which allows you to buy out Unlock’s share of your equity in multiple payments rather than with one large payment. This can be especially helpful if you’re short on cash and want to buy back the equity in your home slowly.

Unlock also allows for a higher loan-to-value (LTV) ratio and is available in five states that Hometap is not: Colorado, Nevada, Ohio, Tennessee, and Utah. If you’re in one of these states, it may be your best option for tapping your home equity.


  • Investments from $25,000 to $350,000
  • Promotional pricing when funds are used for eligible home improvements
  • No prepayment penalty

What makes it a good alternative to Hometap?

Point is another Hometap competitor offering home equity sharing agreements. Homeowners can sell Point a portion of their property’s equity and get a single, lump-sum payment in return. They can put those funds toward any use, including renovations, repairs, or even credit card debt.

Point is a good alternative to Hometap for homeowners who plan to use the cash they receive for home improvements. Point says that promotional pricing is available for eligible improvements. Ask a representative about this benefit if moving forward with the company.

Point is also available in more states, including Colorado, Connecticut, Georgia, Illinois, Ohio, and Washington D.C.

Alternatives to Hometap’s home equity financing solution

Outside of home equity sharing, there are other ways to tap your home equity, including home equity loans or home equity lines of credit (HELOC).

Let’s look at how two Hometap alternatives compare.

FigureSpring EQHometap
Credit score640+620+500+
Min. funding$15,000$25,000$15,000
Max. funding$400,000$500,000$600,000


  • Rates between 2.88% and 13.25% APR
  • Funding between $15,000 and $250,000
  • The initial draw will be repaid at a fixed rate

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

What makes it a good alternative to Hometap?

Figure is a financial technology company that offers home equity lines of credit (HELOCs), among other products, including mortgage refinances, personal loans, and banking. It also offers payment solutions for merchants and investment options.

When compared to Hometap, Figure’s HELOC has a much higher loan-to-value ratio, which could allow you to tap more of your home’s equity. The company also offers multiple terms (between five to 30 years) compared to settling with Hometap within 10 years.

Figure is also available in many states where Hometap is not. A few of the bigger ones include Colorado, Illinois, New Mexico, and Tennessee.

Spring EQ

  • Rates starting at 5.205% APR
  • Funding between $25,000 and $500,000
  • Term lengths between five and 30 years

What makes it a good alternative to Hometap?

Spring EQ offers a variety of mortgage loans, including refinances, purchase loans, cash-out refinances, and home equity loans. The company also offers insurance through its Spring Select Insurance Agency.

Spring EQ offers a higher LTV than Hometap (a whopping 95% vs. 75%) and is much more widely available. It also offers longer terms, which range between five and 30 years.

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.