Hometap, a Boston-based financial technology company known for its innovative home equity financing solutions, has secured $50 million in new funding led by affiliates of Gallatin Point Capital. The investment will help accelerate adoption of Hometap’s homeowner-first products, designed to offer financial flexibility without increasing monthly obligations for homeowners dealing with rising living and housing costs.
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At the center of Hometap’s approach is its Home Equity Investment (HEI) product, which allows homeowners to access cash today in return for a portion of their property’s future value. Unlike traditional lending, this model offers equity access without monthly payments, making it an appealing alternative for households navigating current affordability challenges. The company plans to expand this foundation into a broader suite of solutions aimed at providing confidence and financial stability throughout all phases of homeownership.
CEO Jeffrey Glass noted that rising costs are pushing families to explore more flexible funding options tied to the value of their homes. He said the new financing will support continued investment in technology, education and tools that empower homeowners to make informed decisions and tap into equity in a responsible and sustainable way.
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Gallatin Point Capital’s Managing Partner and Co-Founder Matthew Botein emphasized that modern homeowners are contending with both the challenges of buying a home and the costs of maintaining one in unpredictable economic environments. He said the investment reinforces Hometap’s leadership in alternative home financing and will enable the company to expand access to solutions that make homeownership more achievable and resilient.
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The funding arrives during a period of strong performance and major operational milestones for Hometap. To date, the company has deployed more than $2.3 billion in home equity investments and has supported over 22,000 homeowners, reflecting continued demand for options that enhance long-term financial wellbeing while keeping monthly budgets intact.
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