400,000+ visitors used LendEDU in the last month
- Access your equity quickly and flexibly
- No monthly payments
- Assigned a dedicated Investment Manager
- Get an online cash estimate in under 2 minutes
- Accepts bankruptcy resolved over 1 year ago
- Excellent (5,400+ Trustpilot customers)
- Apply 100% Online with 640+ Credit Score
- $11+ billion in equity unlocked
- Funding in as little as 5 days
- Borrow $15,000 to $700,000
- Flexible fixed-rate terms
- Excellent (3,700+ Trustpilot customers)
- Apply 100% online with 640+ Credit Score
- Lowest rate guarantee
- Funding in as few as 3 days after signing
- Borrow $5,000 to $250,000
- Refinance home equity loans with no fees
- Excellent (5,400+ 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 (1,400+ Trustpilot customers)
- 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 (3,200+ Trustpilot Clients)
Reviews of the best home equity solutions
Hometap
- Access your equity quickly and flexibly
- No monthly payments
- Assigned a dedicated Investment Manager
- Get an online cash estimate in under 2 minutes
- Accepts bankruptcy resolved over 1 year ago
- Excellent (5,400+ Trustpilot customers)
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 | 4.8 out of 5 (5,493 reviews) |
| Better Business Bureau | 4.3 out of 5 (87 reviews) |
| 4.9 out of 5 (4,873 reviews) |
Figure
- Apply 100% Online with 640+ Credit Score
- $11+ billion in equity unlocked
- Funding in as little as 5 days
- Borrow $15,000 to $700,000
- Flexible fixed-rate terms
- Excellent (3,700+ Trustpilot customers)
Figure Customer Reviews
Figure has excellent ratings from its customers across multiple platforms.
| LendEDU | 4.9 out of 5 |
| Trustpilot | 4.8 out of 5 (3,737 reviews) |
| Better Business Bureau | 1.4 out of 5 (25 reviews) |
| 4.9 out of 5 (2,010 reviews) |
Aven
- Apply 100% online with 640+ Credit Score
- Lowest rate guarantee
- Funding in as few as 3 days after signing
- Borrow $5,000 to $250,000
- Refinance home equity loans with no fees
- Excellent (5,400+ Trustpilot customers)
Aven Customer Reviews
Aven has excellent ratings from its customers across multiple platforms. The Better Business Bureau (BBB) has assigned the company a A+ rating for customer interaction.
| LendEDU | 4.8 out of 5 |
| Trustpilot | 4.8 out of 5 (5,4421 reviews) |
| Better Business Bureau | 1 out of 5 (6 reviews) |
| 5 out of 5 (5,079 reviews) |
Unlock
- 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 (1,400+ Trustpilot customers)
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 | 4.7 out of 5 |
| Trustpilot | 4.7 out of 5 (1,408 reviews) |
| Better Business Bureau | 3.9 out of 5 (48 reviews) |
| 4.8 out of 5 (1,088 reviews) |
Point
- 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 (3,200+ Trustpilot Clients)
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 | 4.7 out of 5 (3,259 reviews) |
| Better Business Bureau | 3.8 out of 5 (68 reviews) |
| 4.8 out of 5 (2,844 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 |
Hometap – Best Home Equity Agreement
- Access your equity quickly and flexibly
- No monthly payments
- Assigned a dedicated Investment Manager
- Get an online cash estimate in under 2 minutes
- Accepts bankruptcy resolved over 1 year ago
- Excellent (5,400+ Trustpilot customers)