Hometap

Hometap repriced on June 16, 2026, collapsing a three-tier structure into two tiers. Its investment is expressed as a percentage of your home's value at the start. At settlement, that starting percentage is multiplied:

• Settle within the first 5 years: 1.65x the initial investment's share of home value.
• Settle after year 5: 1.80x that share.

Whatever those multipliers produce, the total cost is capped at 18.5% compounded monthly — down from the 20% annualized cap Hometap used before June 2026, and the reason older coverage of Hometap's pricing quotes a different ceiling. Hometap also raised the maximum share of equity it will fund from 25% to 27% in the same update. There are no prepayment penalties: you can settle any time before the 10-year mark.

Worked example. On a $500,000 home, a $50,000 investment is 10% of value. Settle in year 4 and Hometap's share is 16.5% of the home's value at that point; settle in year 8 and it is 18%. If the home is worth $600,000 in year 8, that is $108,000 — unless the 18.5% cap produces a lower number first, in which case the cap governs. Run your own figures against Hometap's calculator before signing.

Hometap says an investment can take as little as 30–45 days. It uses automated valuation models where available and a digital application, though individual timelines vary with the property and the paperwork.

Hometap operates in 26 states — more than Splitero's 17, and level with Unlock's 26 — and funds investments from $15K to $600K, capped at 27% of your home's value. That $600K ceiling is the top of the range, though Splitero and Point reach it too. The pricing is unusually legible for this category: a 4.5% origination fee that stops at $20,000 no matter how large the investment, and a published 18.5% cap, compounded monthly, on what Hometap's share can cost you at settlement. Only Splitero publishes a comparable ceiling, and Splitero's is lower at 17.99%.

The trade-off is the 10-year term, which is firm and shorter than the 30 years available from Splitero, Point and Unison. Homeowners must settle by the 10-year mark, either through home sale, refinancing, or paying off the balance. Hometap's 585 minimum FICO is also stricter than the 500 accepted by Splitero, Point and Unlock. For homeowners with stable plans and solid credit this may not matter; for others it narrows the fit.

Where Hometap is unusually broad is qualifying criteria for homeowners. Eligible property types run past the single-family home to condos, vacation and rental properties, 1–4 unit multi-family buildings and manufactured homes — the last of those is not accepted by most of the category, Splitero included. Hometap requires at least 25% equity and a 585 credit score, among other qualifying criteria, but runs no income or debt-to-income test, so retirees, the self-employed and unemployed homeowners are all considered without an income test. The average investment is around $100,000 against a $15,000 to $600,000 range. Getting an estimate is commitment free.

As of September 2026 Hometap operates in 26 states: Alabama, Arizona, California, Delaware, Florida, Georgia, Idaho, Indiana, Kentucky, Michigan, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, Utah, Virginia and Wisconsin. Alabama, Kentucky, Nebraska, New Hampshire, New Mexico and Wisconsin arrived in the September 2026 expansion; Delaware, Georgia, Idaho, Montana and Tennessee came that June.

Hometap could be a good fit for homeowners seeking immediate liquidity, those located in states where Splitero or Point aren't yet available, and those comfortable with a defined 10-year settlement window. The combination of flexibility, geographic availability, and large investment amounts makes Hometap a strong contender for many American homeowners.