Hometap

Overview

Hometap is a Boston-based financial technology company founded in 2017, specializing in home equity investments that allow homeowners to access funds without selling or taking on traditional loans. Their Home Equity Investment (HEI) product enables homeowners to receive up to $600,000, which can be used for various financial goals such as paying off debt, funding education, home improvements, or retirement. The HEI has a ten-year term with no monthly payments required, providing flexibility and financial relief to homeowners. For investors, Hometap offers structured exposure to the real estate market by investing in home equity. Their platform allows investors to participate in a diversified portfolio of home equity investments, benefiting from U.S. home price appreciation without the complexities of traditional real estate investing. Hometap's investment options include forward flow agreements, managed funds, and separately managed accounts, catering to a range of investor preferences. Hometap's mission is to make homeownership less stressful and more accessible. They have deployed over $2 billion to more than 20,000 homeowners across the U.S., reflecting their commitment to helping homeowners navigate the financial realities of homeownership. Their services are currently available in select states, including Arizona, California, Florida, and New York, among others. The company continues to expand its offerings, including the Home Equity Dashboard, a digital platform designed to help homeowners make informed financial decisions about their homes.

Investment Focus

• Homeownership in select states
• No monthly payments required
• Flexible use of funds