Founded in 2017, Hometap offers an alternative to traditional home equity loans and HELOCs. The company makes an investment in a home, providing the homeowner with a lump sum of cash today. In return, Hometap receives a percentage of the home's value when it is sold or when the homeowner decides to settle the investment. This model involves no monthly payments or interest, as Hometap shares in the potential appreciation or depreciation of the home's value. Hometap's mission is to make homeownership less stressful and more accessible by allowing homeowners to tap into their equity without incurring debt.

Founded in

United States