Best Home Equity Solutions
Compare companies offering home equity financing with high funding limits, online prequalification forms, and unique features to support your financial goals.
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Best Support Team
- Access up to $600k in as little as 3 weeks
- No monthly payments or interest
- Assigned a dedicated Investment Manager
- Accepts credit scores of 500+
- Get an online cash estimate in just 60 seconds
- Excellent (3,900+ Trustpilot customers)
- Access up to $600k in as little as 3 weeks
- No monthly payments or interest
- Assigned a dedicated Investment Manager
- Accepts credit scores of 500+
- Get an online cash estimate in just 60 seconds
- Excellent (3,900+ Trustpilot customers)
Best for Partial Payments
- Accepts partial payments during the term
- No monthly payments or interest
- Get an online cash estimate in just 2 minutes
- Prequalify without affecting your credit score
- Accepts bankruptcy resolved over 5 years ago
- Excellent (1,100+ Trustpilot customers)
- Accepts partial payments during the term
- No monthly payments or interest
- Get an online cash estimate in just 2 minutes
- Prequalify without affecting your credit score
- Accepts bankruptcy resolved over 5 years ago
- Excellent (1,100+ Trustpilot customers)
Best for Longer Terms
- No payments for up to 30 years
- Funds can be used on anything you need
- No income requirements
- Get an online cash estimate in just 60 seconds
- Accepts bankruptcy resolved over 2 years ago
- Excellent (2,100+ Trustpilot Clients)
- No payments for up to 30 years
- Funds can be used on anything you need
- No income requirements
- Get an online cash estimate in just 60 seconds
- Accepts bankruptcy resolved over 2 years ago
- Excellent (2,100+ Trustpilot Clients)
Competitive rates for 580+ FICO
- Borrow $20,000 – $400,000
- Simplified hassle-free experience
- Apply 100% online
- Get a no-obligation quote now
- Check your options without impacting your credit score
- Excellent (1,100+ Trustpilot Clients)
- Borrow $20,000 – $400,000
- Simplified hassle-free experience
- Apply 100% online
- Get a no-obligation quote now
- Check your options without impacting your credit score
- Excellent (1,100+ Trustpilot Clients)
Reviews of the best home equity solutions
1) Hometap (Best Support Team)
Access up to $600k in as little as 3 weeks
- No monthly payments or interest
- Assigned a dedicated Investment Manager
- Accepts credit scores of 500+
- Get an online cash estimate in just 60 seconds
Hometap Customer Reviews
Hometap has excellent ratings from its customers across multiple platforms. The Better Business Bureau (BBB) has assigned the company a B+ rating for customer interaction.
| LendEDU | 4.8 out of 5 |
| Trustpilot | 4.9 out of 5 (4,690reviews) |
| Better Business Bureau | 4.4 out of 5 (84 reviews) |
| 4.9 out of 5 (2,231 reviews) |
2) Unlock (Best for Partial Payments)
Accepts partial payments during the term
- No monthly payments or interest
- Accepts credit scores of 500+
- Get an online cash estimate in just 2 minutes
- Prequalify without affecting your credit score
Unlock Customer Reviews
Unlock has excellent ratings from its customers across multiple platforms. The Better Business Bureau (BBB) has assigned the company an A+ rating for customer interaction.
| LendEDU | 4.5 out of 5 |
| Trustpilot | 4.7 out of 5 (1,227 reviews) |
| Better Business Bureau | 3.8 out of 5 (66 reviews) |
| 4.8 out of 5 (660 reviews) |
3) Point (Best for Longer Terms)
No payments for up to 30 years
- Funds can be used for anything you need
- No income requirements
- Accepts credit scores of 500+
- Get an online cash estimate in just 60 seconds
Point Customer Reviews
Point has solid ratings from its customers across multiple platforms. The Better Business Bureau (BBB) has assigned the company an A+ rating for customer interaction.
| LendEDU | 4.6 out of 5 |
| Trustpilot | 4.6 out of 5 (2,375 reviews) |
| Better Business Bureau | 3.8 out of 5 (80 reviews) |
| 4.8 out of 5 (775 reviews) |
4) New American Funding (Competitive rates for 580+ FICO)
Home Equity Line of Credit
- Borrow $20,000 – $400,000
- Checking your rate doesn’t affect your credit score
- Available for primary and secondary residences
- Apply 100% Online
New American Funding Customer Reviews
New American Funding has excellent ratings from its customers across multiple platforms. The Better Business Bureau (BBB) has given the company an A+ rating for customer interaction.
| LendEDU | 4.1 out of 5 |
| Trustpilot | 4.8 out of 5 (1,202 reviews) |
| Better Business Bureau | 4.7 out of 5 (1,454 reviews) |
| 5 out of 5 (64 reviews) |
Learn more about HESAs and HELOCs
HESA and HELOC loan eligibility requirements
Here is a quick overview of qualifications to decide which loan is right for you.
If you have bad credit, a HESA may make more sense since it has a lower credit score requirement:
| HESA | HELOC | |
| Minimum credit score | Poor credit accepted | Typically fair credit |
| Income requirements | None | Yes, varies |
| Monthly payments | None | Yes |
| Interest rates | None | Yes |
How does a HESA compare to a HELOC?
While home equity sharing agreements offer a unique way to access your home’s equity, traditional home equity financing solutions like home equity lines of credit (HELOCs) are still popular.
Let’s compare these options:
Home equity sharing agreement (HESA)
A HESA is an agreement between you and an investment company in which you receive a lump-sum cash payment in exchange for a portion of your equity. It isn’t a form of debt, so there are no monthly payments, and the eligibility requirements are more lenient.
Home equity line of credit (HELOC)
A HELOC is a revolving credit line secured by your home’s equity. You can draw money as needed and only pay interest on what you borrow. HELOCs require monthly payments and have credit score and income requirements.
HESA vs. HELOC scenarios
It’s easy to see how HELOCs and home equity loans compare. But which should you choose if you want to tap into your home’s value?
Here are some scenarios and which home equity product makes the most sense.
| If you… | HELOC or HESA? |
| Have a solid credit history | HELOC |
| Have fair or poor credit | HESA |
| Want access to revolving credit line | HELOC |
| Want to avoid tying your payment to your home value | HELOC |
| Want a lump sum repayment vs. monthly payments | HESA |
Best Support Team: Hometap
Best Support Team
- Access up to $600k in as little as 3 weeks
- No monthly payments or interest
- Assigned a dedicated Investment Manager
- Accepts credit scores of 500+
- Get an online cash estimate in just 60 seconds
- Excellent (3,900+ Trustpilot customers)
- Access up to $600k in as little as 3 weeks
- No monthly payments or interest
- Assigned a dedicated Investment Manager
- Accepts credit scores of 500+
- Get an online cash estimate in just 60 seconds
- Excellent (3,900+ Trustpilot customers)