Providers operating in Massachusetts
None of the six major providers lists Massachusetts as a service area.
If you live in Massachusetts and want cash from your home without a monthly payment, your options are narrower: a HELOC, home equity loan, cash-out refinance, or reverse mortgage. Check back here, since provider lists change. See which states each provider serves.
Laws, rules, and reports
We found no HEI-specific law, regulation, or state report in Massachusetts. General state lending and consumer protection laws still apply.
Enforcement and court cases
Massachusetts attorney general sues Hometap
Filed in Suffolk County Superior Court against Hometap Equity Partners, LLC and HomeTap Management Holdings, LLC.
- The attorney general alleges Hometap charged unlawfully high interest, made mortgage loans without adequate financial assessment or underwriting, offered illegal reverse mortgages that fail to comply with state consumer protection laws, and concealed the cost and nature of the product.
- The case is ongoing. News reports say the court has allowed it to proceed.
The case's current status is as reported by HousingWire.
Sources: Massachusetts Attorney General press release · HousingWire: Massachusetts lawsuit against Hometap proceeds secondary
Bills
We found no pending HEI bill in Massachusetts.
HELOC denials in Massachusetts
In 2025, lenders denied 32.2% of the 41,545 HELOC applications they decided in Massachusetts (national: 32.9%). Most common first reason: debt-to-income ratio. See the full HELOC denial data.
HELOCs by metro area in Massachusetts
Cambridge, MA (30% denied) · Boston, MA (35% denied) · Worcester, MA (30% denied) · Barnstable Town, MA (30% denied) · Springfield, MA (34% denied) · Pittsfield, MA (27% denied) · Amherst Town, MA (22% denied)
See reasons and rates for each metro area.
Before you sign in Massachusetts
- Check the company's license at NMLS Consumer Access.
- Ask for the settlement amount at 0%, 4%, and 8% yearly appreciation, and for when you might settle.
- Convert each offer to an effective yearly cost and compare it with a HELOC or home equity loan.
Reference information, not legal advice. Know of something we're missing in Massachusetts? Tell us.