Hometap Surpasses $2 Billion in Home Equity Investments

More than 20,000 homeowners supported, underscoring the growing demand for home equity investment products as homeowners face continued financial pressure

BOSTON--(BUSINESS WIRE)--Hometap, the Boston-based financial technology company pioneering home equity financing solutions, announced today that it has deployed more than $2 billion to over 20,000 homeowners through its home equity investment (HEI) platform. The milestone reflects accelerating demand for alternative financing solutions as Americans navigate persistent affordability challenges and rising homeownership costs.

A recent Hometap survey found that more than half of homeowners (54.5%) report feeling financially stressed, and 45% cite rising homeownership costs as their top concern. With inflation, higher interest rates, and surging property expenses putting pressure on household budgets, many homeowners are turning to equity-based solutions that offer flexibility.

Hometap’s home equity investment offers homeowners a flexible alternative: access to cash in exchange for a share of their home’s future value. There are no monthly payments over the life of the investment, which lasts up to 10 years. Homeowners repay Hometap when they sell their home, refinance, or settle the investment, based on the home’s value at that time.

Since its founding, Hometap has helped over 20,000 homeowners tap into their equity without the stress of monthly payments. After reaching its first $1 billion in deployed capital in early 2024, the company has deployed another $1 billion in less than two years, reflecting its proven ability to scale and expand access to equity-based financing solutions. As demand continues to grow, Hometap remains focused on broadening its product offering and geographic footprint to support more homeowners nationwide.

“This milestone reflects meaningful progress toward our mission to make homeownership less stressful and more accessible. We remain committed to building solutions that align with the financial realities homeowners face today,” said Jeffrey Glass, CEO of Hometap. "Crossing $2 billion in deployed capital speaks to both the trust we’ve earned from homeowners and the growing support of capital partners who share our vision. Together, we’re helping more people stay in their homes and access the resources they need to fund life’s opportunities and challenges."

About Hometap

Founded in 2017, Hometap is a Boston-based fintech company on a mission to make homeownership less stressful and more accessible. Starting with its industry-leading home equity investment product, the company has helped over 20,000 homeowners across the U.S. access their home equity without having to take on additional monthly payments or sell their home. Hometap expanded its suite of innovative financial products and services in 2022 with the Home Equity Dashboard. This digital platform is designed to help homeowners at every stage of their journey make more informed financial decisions about their home — and take action on those decisions — with confidence. Learn more at hometap.com.