what is s homophone for loot?

There isn't a perfect homophone for "loot" in the sense of stolen goods. However, the closest word that sounds the same but has a different meaning is "lute," which is a musical instrument.

While not a direct synonym, "lute" can be used in a playful or humorous way to refer to stolen goods, especially in a context where the word "loot" might be considered too harsh or direct.