Finance of America partners with Better to expand into home equity lending

Finance of America (FOA) will begin offering home equity lines of credit (HELOCs) and home equity loans for homeowners ages 55 and older through the Tinman AI Platform that’s owned by Better Home & Finance Holding Co. At the same time, FOA will become Better’s partner for reverse mortgages, the companies announced Tuesday.

“Our partnership with Better allows us to expand beyond reverse mortgages, giving our customers even more ways to access their equity, now with the speed, scale, and intelligence of AI technology,” FOA President Kristen Sieffert said in a statement. 

The partnership enables FOA to offer new home equity products without building additional infrastructure, using Tinman’s plug-and-play AI technology. Borrowers will benefit from dynamic rate and fee optimization and a fully digital, 24/7 AI-powered application and approval process.

FOA’s traditional Home Equity Conversion Mortgage (HECM) and HomeSafe proprietary product suite will also be available through Better’s platform. 

“Finance of America is a distinct leader, funding over $25 billion in reverse mortgage loans in the last decade,” Vishal Garg, founder and CEO of Better, said in a statement. “Together, we’re playing to our complementary strengths — combining Finance of America’s deep expertise with Better’s Tinman AI technology to deliver a faster, smarter, and more accessible borrowing experience.”

Better said it will initially leverage traditional reverse mortgage technology infrastructure but plans to integrate first- and second-lien home equity solutions — including reverse mortgages, HELOCs and home equity loans — into a unified AI-powered digital ecosystem.

In September, FOA held an 18.5% market share of the HECM market with 411 endorsements, making it the second-largest reverse mortgage lender behind Mutual of Omaha Mortgage, which originated 464 loans for a 21% share.

The partnership comes as Better expands its financing capabilities with a $75 million at-the-market stock offering. In late September, the company announced agreements to provide mortgage financing for a top-five personal finance platform with more than 50 million customers, as well as home equity loans for a top-five nonbank mortgage originator and servicer.

Better funded $1.2 billion in loans in the second quarter, up from $868 million in the previous quarter and $962 million one year ago. The company reported a net loss of $36 million in Q2 2025, improving on a $50.5 million net loss to start 2025.