Access a lump sum payment in exchange for a share of your home’s future value, with no monthly payments required.
Turn Your Home Equity Into Cash—No Loans, No Monthly Payments
Updated on April 15, 2026
What Is Hometap?
Hometap offers a unique way for homeowners to access their home equity without taking out a traditional loan or adding new monthly payments, making it an attractive alternative for those who want access to cash now.
Bottom Line:
No Monthly Payments
Personalized Support
Homeowners are provided with dedicated Investment Managers to guide them through the process, and an online dashboard tracks home equity and investment status.
Flexible Use of Funds
There are no restrictions on how the funds can be used; homeowners might renovate, pay off debt, or use the cash for other purposes.
No Income Requirements
Hometap has no employment, income, or debt-to-income requirements, just requires a minimum credit score of 585.
Who Should Apply for Hometap?
- Homeowners planning major expenses like renovations, college tuition, or medical bills who want flexible, low-cost financing.
- Homeowners looking to pay down high-interest debt.
- Homeowners seeking to access between $15,000 and $600,000 of their home equity
How to Apply
Easier than ever with a quick online process.
- Request an Estimate. Find out if you pre-qualify in a matter of seconds.
- Fill out an Application. If it’s a mutual fit and you decide to move forward, you fill out a quick and easy online Application.
- Receive and review the details. If approved, Hometap review your Investment Offer together. Once we align on the specifics, we’ll schedule a signing to make it official.
- Receive your funds! Hometap will wire you the funds. Then your free to Use them for anything you'd like for up to 10 years. Keep track of your Investment — and your home's value, equity, and more — with your Home Equity Dashboard!
The Good
✔ No Monthly Payments: With a Hometap Home Equity Investment, you have a 10-year term with no monthly or recurring payments required.
✔ Homeowner Dedicated Technology: Hometap’s tools and products are designed to help you easily access, understand, and manage your home equity.
✔ Dedicated Support: Every Hometap user is paired with an Investment Manager who guides you through the entire process and answers questions promptly.
The Not So Good
⚠ Not Available Everywhere: Hometap currently operates in only 16 states, which means many homeowners aren’t eligible for its Home Equity Investment.
⚠ Limited Term Length: Hometap’s investment term is capped at 10 years, which may be restrictive for homeowners seeking a longer timeline
4.8/5.0
- No monthly payments.
- Get up to $600,000.
- Fast funding, fewer hassles.
- Use the money however you'd like.