Hometap, a Boston-based fintech company focused on alternative home equity financing, has raised $50 million in new funding from affiliates of Gallatin Point Capital. The fresh capital will be used to expand the company’s suite of flexible home equity solutions, offering homeowners new ways to access the value of their properties without increasing monthly financial obligations.
Founded in 2017, Hometap was built around a simple premise: homeowners should be able to tap into their home equity without taking on traditional debt or committing to monthly repayments. As housing costs, interest rates, and household expenses continue to rise, the company positions its products as stress-reducing alternatives designed to align with the financial realities many families face today.
At the core of Hometap’s offering is its Home Equity Investment (HEI) product. Rather than issuing a loan, Hometap provides homeowners with cash upfront in exchange for a share of the home’s future value. This structure allows homeowners to unlock equity while avoiding higher monthly payments, interest charges, or the pressure of near-term repayment schedules.
The HEI model serves as the foundation for Hometap’s broader vision of creating a comprehensive ecosystem of homeowner-focused financial tools that support flexibility and long-term financial confidence.
In 2022, the company expanded its product ecosystem with the launch of the Home Equity Dashboard, a digital platform designed to help homeowners better understand and manage their equity. The dashboard provides insights into home value, equity position, and available options, enabling more informed decision-making throughout the homeownership lifecycle. This emphasis on transparency and education reflects Hometap’s goal of empowering homeowners, rather than simply offering capital.
The latest funding round follows a period of strong growth and operational momentum. Since its inception, Hometap has deployed more than $2.3 billion in home equity investments and has supported over 22,000 homeowners across the U.S. These figures highlight growing demand for alternatives to traditional home equity loans and lines of credit, particularly in an environment where higher interest rates have made borrowing more expensive.
Commenting on the funding, Hometap CEO Jeffrey Glass said that rising homeownership costs have increased the need for practical and flexible ways for families to access their home equity. He noted that the new investment will allow the company to further develop its tools, technology, and educational resources, helping homeowners make confident financial decisions while reinforcing Hometap’s commitment to expanding financing options that better reflect today’s economic conditions.
Gallatin Point Capital’s managing partner and co-founder, Matthew Botein, echoed this view, pointing to the growing challenges homeowners face beyond the initial purchase of a home. Ongoing maintenance costs, market volatility, and economic uncertainty have made financial flexibility more important than ever. He said the investment underscores Hometap’s leadership in alternative home equity solutions and will support the company’s efforts to reach more homeowners with innovative options that make homeownership more sustainable over the long term.
With new capital in place, Hometap is positioning itself to accelerate product development, scale its impact, and continue reshaping how homeowners access and use the value embedded in their homes.
