Hometap Secures $217 Million in Debt Financing to Expand Home Equity Investment Services

Hometap, a Boston-based fintech company specializing in home equity investments, announced the closure of a $217 million debt financing round. This latest round increases the company's total funding to $389 million over four rounds since its founding in 2017. Hometap provides homeowners with immediate access to funds without requiring loans or the sale of their home, allowing flexibility for various financial needs.

Led by CEO and Co-Founder Jeffrey Glass, Hometap offers a unique solution for homeowners to unlock their home equity, providing an alternative to traditional loans. Homeowners can use the funds for any purpose, such as paying off debt or making renovations, without incurring additional debt or monthly payments.

The new funding will enable Hometap to further its mission of helping homeowners access their home equity easily and efficiently. The company's innovative approach allows homeowners to achieve their financial goals while maintaining ownership of their homes, addressing a significant need in the current real estate and financial markets.