HEI Facts.com

StateLast checked September 23, 2026

Home equity investments in Minnesota

2 of the six major home equity investment providers operate in Minnesota. Minnesota has no HEI-specific law in effect yet, but we've confirmed related state activity below.

Providers operating in Minnesota

2 of the six major providers say they operate in Minnesota. Availability can vary by county.

  • Pointup to 30-year term · cost cap 18% a year · about 14.3% a year in our standard example
  • Unisonup to 30-year term · no published cost cap · about 14.7% a year in our standard example

Provider lists come from each provider's own availability page, retrieved September 23, 2026. All states.

Laws, rules, and reports

We found no HEI-specific law, regulation, or state report in Minnesota as of September 23, 2026. General state lending and consumer protection laws still apply.

Enforcement and court cases

MinnesotaEnforcementSettledAnnounced August 7, 2026

Minnesota attorney general settlement with Unlock

The attorney general's office investigated Unlock for entering into mortgage loans without complying with Minnesota law. Unlock denied the allegations but settled.

  • From 2021 through 2023, Unlock entered into approximately 86 "home equity agreements" in Minnesota.
  • Unlock agreed to $944,626 in monetary and debt relief: $201,050 in direct refunds, an estimated $460,000 in debt relief, and $283,576 for further restitution.
  • Unlock agreed not to enter new agreements unless licensed by the Minnesota Department of Commerce, and to follow the state's Mortgage Originator and Servicer Licensing Act, including its rate caps.

Sources: Minnesota Attorney General press release

Bills

We found no pending HEI bill in Minnesota as of September 23, 2026.

Federal activity

2 federal items pending that would apply in every state: Home Equity Lending Integrity Act (S. 4803), Shared Home Appreciation for Residential Equity Act (H.R. 8116).

Before you sign in Minnesota

  1. Check the company's license at NMLS Consumer Access.
  2. Ask for the settlement amount at 0%, 4%, and 8% yearly appreciation, and for when you might settle.
  3. Convert each offer to an effective yearly cost on HEI Calculator and compare it with a HELOC or home equity loan (HEI vs HELOC).

Reference information, not legal advice. Facts last checked September 23, 2026. Know of something we're missing in Minnesota? Tell us.

HEI Calculator

Run your own home and assumptions through every provider and get one comparable effective annual cost.

HEI Compare

Point, Hometap, Unlock, Unison, Splitero and CHEIFS side by side, with reviews and head-to-heads.

HEI Facts, HEI Calculator, and HEI Compare are sister sites run by the same independent team.