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Hometap Has Expanded Equity Access to Six New States

Homeowners in these new markets can now access cash without replacing an existing mortgage.

Updated on Oct. 6, 2026 in Home Renovation

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Hometap has expanded its home equity investment product to six new states, providing an alternative to mortgage refinancing for homeowners. AI Illustration. Upload story photo >

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Hometap has expanded its home equity investment product into Alabama, Kentucky, Nebraska, New Hampshire, New Mexico, and Wisconsin. The expansion brings the company to 27 states total, offering homeowners a way to access funds without traditional mortgage refinancing.

Why it matters

As 35% of traditional equity-extraction mortgage applications were denied in 2024, homeowners are increasingly turning to alternative financing. These products allow families to tap into housing wealth without triggering higher interest rates on their primary mortgages.

Hometap has added 12 states in 2026, serving nearly 30,000 homeowners since 2017. Approximately 5,000 residents in the six newly added states had already contacted the company seeking financing alternatives.

The players

Hometap

A Boston-based firm that provides home equity investment products as an alternative to traditional second mortgages or home equity lines of credit.

The details

Homeowners receive a cash payment in exchange for a share of their property's future value. This arrangement must be settled within 10 years through a property sale, a refinance, or a buyout of the investor's share. The product is designed for those who wish to avoid replacing existing low-interest mortgages in a climate of tightening lending standards.

Timeline

  1. Hometap was founded in 2017.

  2. The current geographic footprint measurement began in 2019.

  3. Equity growth tracking in Alabama started in 2020.

  4. The denial rate for equity-extraction mortgage applications reached 35% in 2024.

  5. Expansion into six additional states occurred in October 2026.

The Home Front

This development follows the 35% denial rate for traditional equity-extraction mortgage applications in 2024, highlighting a shift in how homeowners access capital. It reflects a broader trend of private investment firms filling the void left by tightening traditional underwriting standards.

If you are considering these financial products, review your existing mortgage terms and local housing market trends to understand how a future share of your home's value might impact your long-term ownership costs. Always consult with a licensed financial advisor before entering into any equity-sharing agreement.

The takeaway

Alternative home equity products allow homeowners to access liquidity without the credit hurdles of traditional refinancing. If you explore these options, ensure you clearly understand the 10-year settlement terms and how the equity sharing will influence your future ability to sell or refinance.

Further reading

Find more guidance on financing your property improvements in our Home Renovation section.

Live Poll

Is now a good time to pursue alternatives to traditional financing to access home equity?