A home equity agreement hands you a lump sum of cash now, and in return the company gets a share of what your home is worth later. There are no monthly payments along the way. This page compares six of them on the things that decide whether you qualify and what it could cost you: minimum credit score, states served, how much you could get, the term, how each company’s share is worked out, fees and property rules.
Every figure below comes from the company’s own website, read on October 6, 2026, and where a company doesn’t publish one, we say so. Your state and your credit score will usually rule out most of the list before price does. These products also go by home equity investments or equity sharing agreements, and we use each company’s own name for its product.
Which home equity agreement company fits which situation
You won’t find scores or star ratings here. Each label is a fact from the company’s own pages, and the tables below show how the other five stack up on it.
Hometap could invest $15,000 to $600,000, which pairs the lowest published minimum here with the highest maximum. The minimum depends on the state.
Get an Estimate at Hometap
Unlock invests in second homes and rental properties with a 500 minimum credit score. Pricing is typically higher on a rental.
Get an Estimate at Unlock
Point serves select regions of 29 states and Washington, D.C. It has no monthly payments and no income requirements.
See My Offer at Point
Splitero sets a 500 minimum credit score and says it won’t ask for income or employment documents. Terms run 10 to 30 years.
Get an Estimate at Splitero
With Unison you return what you received, plus or minus its share of the change in your home’s value. It generally needs a 620 mid-FICO score.
See Cash Estimate at Unison
Nada offers up to 30% of your home’s value, capped at $600,000, in the 12 states we list for it.
Get Cash Estimate at NadaWhere companies tie: Unlock, Point, Splitero and Nada each publish a 500 minimum credit score, and four companies reach a $600,000 maximum. Point and Unison both have a 30-year term, and a Splitero term could run that long.
The home equity agreement companies side by side
These are the published starting points. Meeting them doesn’t mean you’ll be approved, and each company sets your final amount after it values the home.
| Company | Minimum credit score | States | Amount | Term | Company fee |
|---|---|---|---|---|---|
| Hometap | 575 FICO | 27 | $15,000 to $600,000, up to 27% of the home’s value | 10 years | 4.5%, up to $20,000 |
| Unlock | 500 | 26 | $15,000 to $500,000 | 10 years | 4.9% |
| Point | 500 | 29 plus D.C. (select regions) | $30,000 to $600,000, generally up to 20% of the home’s value | 30 years | Up to 3.9% ($2,000 minimum) |
| Splitero | 500 | 17 | $50,000 to $600,000, up to 25% of the home’s value | 10 to 30 years | 4.99% |
| Unison | 620 mid-FICO, generally | 22 plus D.C. | $30,000 to $500,000, up to 15% of the home’s value | 30 years | 3.9% |
| Nada | 500 (720 for an investment property) | 12 (see note) | $20,000 to $600,000, up to 30% of the home’s value | 10 years | 4.9% in total |
The fee column shows the company’s own fee. Appraisal, title, escrow and recording costs are extra, and all of it comes out of the cash you receive. Hometap’s minimum varies by state. Unlock doesn’t publish a share-of-home-value limit for the cash amount. Nada’s fee is 3% origination plus 1.5% underwriting and 0.4% processing. We list 12 states for Nada, and the state section below explains why.
More: Home equity options at each credit score
This is where the cost sits. Four of the six earn a percentage of the whole home’s value when you settle, while two share only in how much the value changes. The examples come from each company and use different assumptions, so treat them as illustrations of the method, not as quotes you can line up against each other.
| Company | What it shares in | Published example | Cap on the cost |
|---|---|---|---|
| Hometap | A share of what the home is worth on the day you settle | Hometap’s example: take 10% of your home’s value in cash, and the Hometap Percentage is 16.5% if you settle in years 0 to 5 and 18% in years 6 to 10. | 18.5% a year, compounded monthly, or lower where state law requires. You pay the lesser of the cap and the percentage. |
| Unlock | A share of the home’s value at the end of the agreement | In the example on Unlock’s cost page, it gets 17% of the ending value for 10% of today’s value. Its estimator uses an exchange rate of 1.8. | Annualized Cost Limit of 19.9% a year, or lower where state law requires. |
| Point | A portion of the home’s future appreciation, measured from a risk-adjusted starting value | Point’s example: a $500,000 home receiving $50,000 gets a starting value of $365,000, which is a 27% risk adjustment. | A Homeowner Protection Cap based on a fixed annual rate, compounded monthly. Point does not publish the rate. |
| Splitero | A share of the home’s value when you repurchase | Splitero’s example: 10% of the home’s value in cash comes with a 20% split percentage. | Safety Cap of 17.99% a year, compounded monthly. |
| Unison | What you received, plus or minus a share of the change in value | Typically four times the percentage invested: receive 10% and Unison shares in 40% of the change, measured from a starting value 5% below the appraisal. | No overall cap published. An Equity Appreciation Limit applies only if you end the agreement in the first five years, when Unison does not share in a loss. |
| Nada | A share of the home’s value when it is paid off | An equity multiple of 1.85. Receive 10%, and Nada’s share is 18.5%, with a maximum share of 49.99%. | Annualized cost limit of 19.99% a year, or the state maximum if lower. |
Your own percentage is set in your offer, and it depends on your home, your state and how much cash you take.
Eligible property types, liens and rentals
All six secure their interest with a lien on the home. Where they differ is how far back in line they’ll sit, and whether they’ll take a home you don’t live in.
| Company | Property types | Lien position | Second homes and rentals |
|---|---|---|---|
| Hometap | Single-family homes, condos, manufactured homes and multi-family homes of 1 to 4 units | A second lien is allowed. Hometap says it won’t go lower than third lien position. | Vacation and rental properties appear on its eligible list. |
| Unlock | Single-family homes, condos, townhomes and properties of 2 to 4 units. Co-ops, mobile homes and manufactured homes are excluded. | No lower than second lien position. | Yes, second homes and rental properties. Pricing is typically higher on a rental, and rental income has to be verified. |
| Point | Single-family homes, condos, townhomes and properties of 1 to 4 units, including modular homes. Manufactured and mobile homes, co-ops and property held in an LLC are excluded. | It prefers first or second lien position and must be at least third. | Yes, for investment properties and second homes, under different underwriting criteria. |
| Splitero | Single-family homes, condos, townhomes and properties of 2 to 4 units, including homes held by a trust or LLC. Modular and manufactured homes are excluded. | Junior to your mortgage, or first position if you have none. Missouri allows second or third lien only. | In some cases. One Splitero answer says a second home or investment property may qualify, while another says the home must be owner-occupied at origination. |
| Unison | Single-family homes, townhouses and condos that serve as your primary residence | Second position when you have a mortgage. | In some cases. Unison says it doesn’t generally invest in rental properties. |
| Nada | Single-family homes, PUDs, site condos, townhomes and multi-family homes of up to 4 units. Traditional condos, co-ops and manufactured homes are excluded. | A junior lien behind your mortgage, or first position if you have none. | Yes. Second homes qualify at a 500 score. Investment properties need a 720 score and are capped at $100,000. |
Each of the six companies in turn
The numbers are for reference only. They aren’t scores, and the companies aren’t ranked against each other. Each card says who the company fits and what to know before you apply.
Why it is here: Hometap could invest $15,000 to $600,000, which is up to 27% of your home’s value, with no monthly payments during the 10-year term. Its published starting points are a minimum FICO score of 575 and at least 25% equity in your home, with the property located in an eligible state, among other qualifying criteria. There are no income or employment requirements.
Worth knowing: You settle one time, at or before year 10, for an agreed percentage of what the home is worth at that point, limited by a cap of 18.5% a year, compounded monthly. Hometap’s fee is 4.5% of the investment, capped at $20,000. Fees are deducted from your investment proceeds rather than paid upfront.
Why it is here: Unlock provides $15,000 to $500,000 in exchange for a share of your home’s future value, with a minimum credit score of 500 and no income requirement. It invests in primary residences, second homes and rental properties, and you may buy out its share in partial payments during the term.
Worth knowing: You need at least 30% home equity and a home worth $175,000 or more, and Unlock has to sit in second lien position or better. The origination fee is 4.9%, and an Annualized Cost Limit caps Unlock’s return at 19.9% a year. On a rental, pricing is typically higher, and the rental income has to be verified.
Why it is here: No monthly payments. No income requirements. No need for perfect credit. Point’s Home Equity Investment has a 30-year term, and you may buy back your equity at any time within it with no penalty. Point serves select regions of 29 states and Washington, D.C., and its minimum credit score is 500.
Worth knowing: Point shares in your home’s future appreciation, measured from a risk-adjusted starting value that sits below the appraisal. A Homeowner Protection Cap limits what you owe, but Point doesn’t publish the rate. The processing fee is up to 3.9% with a $2,000 minimum, and the home has to be worth at least $155,000.
Why it is here: Splitero sets a 500 minimum credit score and says it won’t ask for income or employment documents. You could get $50,000 to $600,000, which is up to 25% of your home’s value, and the term matches your first mortgage, from 10 to 30 years.
Worth knowing: Splitero serves eligible areas of 17 states, and the home has to appraise between $200,000 and $5,000,000. The origination fee is 4.99%, and a Safety Cap of 17.99% a year, compounded monthly, limits the repurchase amount. Prequalifying uses a soft credit pull, and the full application uses a hard one.
Why it is here: Unison’s agreement runs 30 years. You receive $30,000 to $500,000, which is up to 15% of your home’s value, and when you sell or buy Unison out, you return that amount plus or minus its share of the change in your home’s value.
Worth knowing: Unison says applicants generally need a mid-FICO score of at least 620, and it looks at income as well as credit. Its agreements are typically for homes you live in, and Unison doesn’t share in a loss during the first five years. The transaction fee is 3.9%, and you also pay for a home inspection, which Unison puts at $650 to $1,050.
Why it is here: Nada offers up to 30% of your home’s value, with a maximum of $600,000 on a primary or second home, for a 10-year term and a 500 minimum credit score. Of the six companies here, it’s the only one that lists Arkansas, Louisiana and Oklahoma.
Worth knowing: Nada asks for proof of employment but sets no minimum income. Its fees add up to 4.9% of the investment, and its annualized cost limit is 19.99% a year. Investment properties need a 720 score and are capped at $100,000, and traditional condos aren’t eligible.
States served by each company
These are the lists on each company’s own site today. Several say they serve only parts of a state, so treat a listed state as a starting point, and let the estimate form tell you whether your address is eligible.
| Hometap (27) | Alabama, Arizona, California, Delaware, Florida, Georgia, Idaho, Indiana, Kentucky, Michigan, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, Utah, Virginia and Wisconsin. |
|---|---|
| Unlock (26) | Alabama, Arizona, California, Florida, Hawaii, Idaho, Indiana, Kentucky, Michigan, Missouri, Montana, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, Utah, Vermont, Virginia, Wisconsin and Wyoming. |
| Point (29 plus D.C.) | Arizona, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kentucky, Maryland, Michigan, Minnesota, Missouri, Nebraska, Nevada, New Jersey, New York, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, Utah, Virginia, Washington, Wisconsin and Washington, D.C. Select regions only, and availability may vary by county. |
| Splitero (17) | Arizona, California, Florida, Idaho, Missouri, Montana, Nevada, New Jersey, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, Utah, Virginia, Washington and Wyoming. Eligible areas only. Wyoming has a $75,000 minimum. |
| Unison (22 plus D.C.) | Arizona, California, Delaware, Florida, Indiana, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, Nevada, New Jersey, New Mexico, New York, Ohio, Rhode Island, South Carolina, Tennessee, Utah, Virginia, Wisconsin and Washington, D.C. |
| Nada (12) | Arizona, Arkansas, California, Florida, Kansas, Louisiana, Michigan, Oklahoma, Oregon, Pennsylvania, South Carolina and Washington. |
Only one of the six lists covers some states: Arkansas, Louisiana and Oklahoma (Nada), Colorado, Connecticut, Illinois, Iowa and Maryland (Point), Rhode Island (Unison) and Vermont (Unlock). Arizona, California, Florida and South Carolina appear on all six.
If you click a company that doesn’t serve your state, our link may open another company from this page that does.
States where no company offers a home equity agreement
None of the six lists Alaska, Maine, Massachusetts, Mississippi, North Dakota, South Dakota or West Virginia. Texas shows up only on Nada’s own eligibility page. It isn’t one of the 12 states we list for Nada, so treat it as unconfirmed and ask Nada directly.
In those states the realistic ways to use your equity are a HELOC, a home equity loan, a cash-out refinance or, from age 62, a reverse mortgage. Each of those is a loan, so approval leans more on your credit and income than it does with an agreement. Figure lists its HELOC as available in all seven of those states, and the next section covers it.
If you would rather borrow: the Figure HELOC
A home equity line of credit is a different product from everything above. It’s a loan secured by your home, with interest and a monthly payment, and you keep all of your home’s future value. It also asks more of your credit and income.
Figure is the HELOC lender covered on this page. Below are the terms on its HELOC page as of October 6, 2026.
| Product | A home equity line of credit with fixed and variable rate options |
|---|---|
| Line amount | $15,000 to $750,000, with a minimum of $25,001 in Alaska and $35,000 in Texas. |
| APR | Available initial APRs range from 7.35% to 14.85%. Figure says that range includes paying a higher origination fee in exchange for a reduced rate, and that the lowest APRs are only for the most qualified applicants who choose a 10-year term. |
| Origination fee | Up to 4.99% of the initial draw |
| Terms | 10, 15, 20 or 30 years |
| How the draw works | On the fixed rate line, the full amount minus the origination fee is drawn at origination. As you repay the balance, you may draw again. |
| Speed | Approval may come in five minutes and funding in as few as five days for qualifying loans. Figure says the timeline assumes a loan under $400,000 closed with its online notary. |
| Credit and income | Figure asks for a strong credit score, a consistent payment history and a manageable debt-to-income ratio, and it verifies income and employment. It doesn’t publish a minimum score on that page. The lowest band in its rate calculator is 640 to 659. |
| Property | Its rate calculator lists primary, secondary and investment property types. |
| States | 48 states and Washington, D.C. Hawaii and New York aren’t on its list, and the variable rate option isn’t offered in every state. |
A HELOC suits a homeowner whose credit is in or above that calculator band, who has room in the budget for a monthly payment and who wants to keep all of the home’s future value. According to its site, checking your rate with Figure doesn’t affect your credit score.
Read our full Figure HELOC review
More: HEI vs HELOC compared: costs, requirements and how to choose
What you trade away with a home equity agreement
A home equity agreement trades a monthly payment for a share of your home. The trade has a price, and it arrives at the end.
What you get
- No monthly payments. You owe the company nothing until you sell, refinance, buy it out or reach the end of the term.
- Lower credit minimums. Four of the six set a 500 minimum credit score.
- Income counts for less. Hometap, Unlock, Point and Splitero publish no income requirement. Nada asks for proof of employment but sets no minimum income.
- Big lump sums. Published maximums come to $500,000 or $600,000, depending on the company.
What you give up
- You give up part of the home’s future value. If the home gains value, the company’s share grows along with it, and the total could end up above what a HELOC or home equity loan would have cost over the same years.
- It could cost you even if the home never gains value. In the share-of-value examples above, 10% of the home in cash turns into 16.5% to 20% of the home at the end.
- There’s a deadline. Terms run from 10 to 30 years, and you settle in one payment through a sale, a refinance or savings.
- Fees come out of your cash. The company fees here run from 3.9% to 4.99%, before appraisal, title and recording costs.
The company also records a lien on the home, and you remain responsible for your mortgage, property taxes, insurance and upkeep for the whole term. The Consumer Financial Protection Bureau’s January 2025 report on home equity contracts warns that homeowners who cannot pay the full settlement amount might be forced to sell, so decide how you expect to settle before you sign.
Choosing a home equity agreement company
- Begin with your state. Look it up in the state table above. If only one company lists it, most of the choice is already made.
- Compare your credit score with the minimums. 500 at Unlock, Point, Splitero and Nada, a FICO score of 575 at Hometap, and generally a mid-FICO score of 620 at Unison.
- Decide how much time you need. 10 years at Hometap, Unlock and Nada, 30 years at Point and Unison, and 10 to 30 years at Splitero. A longer term gives you more time to settle, and it gives the company’s share more time to grow.
- Compare how each share is worked out. A share of the whole home’s value has a cost even if the price never moves. A share of the change in value costs less if the home gains little, and more if it gains a lot. Get the cap in writing.
- Subtract the fees. Take the company fee and the third-party costs off the offer, and what’s left is the cash you’d actually receive.
- Get more than one estimate. Ask each company about the same cash amount and compare the percentage it wants in return. Unlock, Point, Unison, Splitero and Nada each say the first estimate or prequalification doesn’t affect your credit score.
Estimate what you could get from your equity, then take that number to two or three of the companies above.
More: How to take equity out of your home without refinancing
Home equity agreement questions, answered
It depends on the company and on your home. The published maximums are $600,000 at Hometap, Point, Splitero and Nada, and $500,000 at Unlock and Unison. Most also cap the cash at a share of your home’s value, from 15% at Unison to 30% at Nada. The fastest way to see a number for your own home is to get an estimate from Hometap.
Unlock, Point, Splitero and Nada each publish a minimum credit score of 500. Hometap publishes a minimum FICO score of 575, and Unison says applicants generally need a mid-FICO score of at least 620. Nada requires a 720 score for an investment property.
The catch is that you give up a share of your home’s future value, and the cost is due in one payment when you sell, refinance or reach the end of the term. If the home gains value, that share could end up costing more than a HELOC would have, and fees of 3.9% to 4.99% come out of the cash you receive.
None of the six companies on this page lists Alaska, Maine, Massachusetts, Mississippi, North Dakota, South Dakota or West Virginia. Texas shows up only on Nada’s own eligibility page. In those states, a HELOC or a home equity loan is the usual route.
Yes, at some companies. Unlock invests in second homes and rental properties, Point takes investment properties and second homes under different underwriting criteria, and Hometap lists vacation and rental properties as eligible. Nada accepts investment properties with a 720 credit score, capped at $100,000. Unison and Splitero say only in some cases.
Neither one is better for everyone. An agreement has no monthly payments and lower credit minimums, but you give up part of your home’s future value. A HELOC is a loan with interest and a monthly payment, and you keep all of the home’s future value. If you could qualify for a HELOC and can afford the payment, price one first. Figure is the HELOC lender covered on this page.
How we compared the companies
This comparison is Banks Done Right’s own editorial work. On October 6, 2026 we read each company’s product, eligibility, pricing and FAQ pages and recorded what it publishes for every point in the tables. We also opened each company’s application page to see where it leads.
We didn’t score or rank the companies, and this page has no star ratings. The picks are labels tied to a published fact. Six companies are covered here. Others offer similar agreements and aren’t compared. Terms change, so confirm them with the company before you sign.
Sources
- Hometap: FAQs, How It Works, the pricing guide “How Hometap’s Home Equity Investment Pricing Model Works” (updated June 18, 2026) and “Refinancing with an Active Home Equity Investment” (hometap.com)
- Unlock: FAQs and What It Costs (unlock.com)
- Point: Home Equity Investment page and help center articles on eligibility, availability, home types, fees, amounts and the Homeowner Protection Cap (point.com, help.point.com)
- Splitero: How It Works, Eligibility, Pricing and FAQs (splitero.com)
- Unison: Equity Sharing Agreement page and FAQs (unison.com)
- Nada: Eligibility, Pricing and FAQs (nada.co)
- Figure: Home Equity Line of Credit page and its disclosures (figure.com)
- Consumer Financial Protection Bureau: Issue Spotlight, Home Equity Contracts: Market Overview (January 15, 2025)
Take the next step.
Begin with your own numbers, then compare the companies.
Keep reading
ComparisonHEI vs HELOC: Which One Fits YouHow the monthly payment, total cost and qualifying rules compare.
GuideGetting a Home Equity Loan With Bad CreditOptions at each credit score and what each one costs.
ReviewHometap Review: What to Know FirstCosts, who qualifies and what to check before you sign.
Terms, pricing and availability change. Check the current terms on the company’s site before you apply.