Hometap

Parent company:
Hometap

Product takeaways

  • Hometap is a fractional home ownership service that helps owners access the equity in their home through an investment rather than a loan.
  • Hometap makes money by investing alongside an owner and generating revenue from appreciation in the home sale value. Hometap also makes money from service fees related the investment.
This is some text inside of a div block.

What is Hometap?

Hometap is a fractional home ownership service that helps owners access the equity in their home through an investment rather than a loan.

How does Hometap work?

An owner will request an estimate based on their home, and Hometap will provide an initial quote. Hometap will then schedule an appraisal and prepare a final investment offer. The owner can then accept and use the funds for the requested purposes.

How much does Hometap cost?

According to most sources, Hometap charges a service fee around ~3% of the investment size as well as signing costs. It then will collect additional fees equal to its equity in the home at the end of the 10-year term, when the home is sold, or when the owner refinances.

How does Hometap make money?

Hometap makes money by investing alongside an owner and generating revenue from appreciation in the home sale value. Hometap also makes money from service fees related the investment.

Who owns Hometap?

Hometap is privately held.

This post was last updated on: 

Hometap

alternatives and competitors

The following companies are all part of the following category:
Fractional home ownership service
. They are best defined as 
Companies and products that invest in primary homes alongside buyers.
This is some text inside of a div block.