Nada Homeshares: 2025 Home Equity Investment Review

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Homeshares – Home Equity Investments

• No monthly payments or interest
• Use the cash however you want
• Pay off anytime without penalties
• Doesn’t affect your existing mortgage
• Available to homeowners with lower credit scores (500+)

• You give up a portion of your home’s future appreciation
• Closing costs and fees can eat into your upfront cash
• Only available in select states
• Fairly new company with few online reviews

Funding amount	$20,000 – $500,000
Repayment terms	10 years
State availability	AZ, CA, AR, CO, FL, GA, KS, LA, MI, OK, OR, PA, WA

If you’re house-rich but cash-strapped, a home equity investment like Nada’s home equity agreement (HEA) might sound like a dream: cash upfront now, no monthly payments, no interest. In exchange, you give up a share of your home’s future value.

We ran the numbers using Nada’s online calculator: On a $400,000 home with a $200,000 mortgage, you could unlock up to $100,000 in cash. But if you exit in year 10, you might owe Nada $167,000 to $248,000 (including the initial amount borrowed), depending on how much your home appreciates.

That’s not necessarily a bad deal, but it does mean you need to understand what you’re signing up for. Here’s how a Nada HEI works, who qualifies, and what to watch out for before signing. 

Table of Contents

1. About Nada
2. How does it work? 
   1. Repayment 
   2. Term length 
   3. Payment options 
   4. Costs and fees 
   5. Final payment 
3. Eligibility and requirements 
4. Does Nada have any control over my home or its condition?  
   1. Renovations and home projects
   2. Maintenance and condition
5. Pros and cons
6. Customer reviews 
7. Customer service 
8. How to apply
9. Alternatives

About Nada

Nada is a Dallas-based fintech offering an alternative to traditional home equity loans. Instead of borrowing against your home, you sell a share of its future value through a home equity agreement.

Founded in 2019, Nada is also the first SEC-qualified platform to let investors buy city-specific home equity shares via its CityFund endeavor. In 2025, it expanded its footprint by acquiring $10 million in HEAs for its U.S. Home Equity Fund I. 

How does it work? 

Nada’s HEI lets you trade a portion of your home’s future value for upfront cash with no interest, no monthly payments, and no loan on your credit report.

You stay the homeowner. Nada records a second lien on your property and becomes a co-investor in your home’s potential appreciation.

You can use the funds however you like, whether that’s paying off debt, starting a business, or tackling renovations. There are no restrictions.

Repayment 

You can repay a Nada HEI at any time without prepayment penalties. Most people do so by selling the home, refinancing, or using cash on hand.

Term length 

Each HEI lasts up to 10 years. If you haven’t repaid by then, you can sell the home, refinance, or apply for a new 10-year agreement.

Payment options 

Nada HEIs don’t require monthly payments. Instead, the company takes a share of your home’s value when you repay the agreement.

Costs and fees 

Nada charges 4% to 5% origination fees, plus closing costs and third-party fees (title, inspection, notary, etc.).

From the Nada website, here’s an example of what the third-party fees typically include:

• Title and Escrow: $475- $600
• Property Inspection: $530 – $800
• Home Valuation (AVM): $50 – $120
• Notary fee: $75 – $250
• Recording fees: $90 – $400 (charged on a state or county basis)
• Underwriting fee- 1%-3% of loan amount
• Processing Fee- $595-$795
• Origination fee- 3% – 5%

Total fees typically range from 4% to 7% of the amount you’re accessing. These fees are deducted from your cash proceeds, so you don’t pay anything out of pocket.

Final payment 

Nada’s cut is based on your home’s appreciated value and the amount you accessed. The exchange rate starts at 1.85, meaning if you cash out 10% of your home’s value, Nada may get 18.5% when you repay.

Note: There’s a 19.99% cap on Nada’s annualized return to prevent runaway repayment costs.

Eligibility and requirements 

To qualify for a Nada HEI, you’ll need:

• At least 25% equity in your home (meaning your mortgage is no more than 75% of the home’s value)
• A minimum credit score of 500
• No recent mortgage delinquencies
• A property located in one of Nada’s eligible states: AZ, CA, AR, CO, FL, GA, KS, LA, MI, OK, OR, PA, or WA
• A single-family home, townhome, site condo, or two to four-unit multi-family worth at least $175,000

Nada doesn’t require income or asset minimums, but you will need to provide proof of employment.

Does Nada have any control over my home or its condition?  

Nope. You stay in full control of your home.

Renovations and home projects

You don’t need Nada’s permission to renovate, upgrade, or even sell your home. Just know that increasing your home’s value could also increase the amount Nada receives when you repay.

Maintenance and condition

While Nada doesn’t dictate how you maintain your home, they are a co-investor. So if your property falls into disrepair and loses value, that could reduce your eventual payout (and theirs). Keeping the home in good shape protects both parties’ interests.

Pros and cons of a Nada HEI

Nada has sparse information available online, and the pros and cons we could uncover are similar to what you’d expect from any industry-standard home equity investment arrangement.

Pros

• No monthly payments or interest

• Use the cash however you want

• Pay off anytime without penalties

• Doesn’t affect your existing mortgage

Cons

• You give up a portion of your home’s future appreciation
  

• Total repayment can be high if your home gains value quickly

• Closing costs and fees can eat into your upfront cash

• Only available in certain states

• Fairly new company with few online customer reviews

Customer reviews 

Because Nada is a newer company, verified customer reviews are still limited.

As of mid-2025, it doesn’t have a large presence on Trustpilot (2.9/5 average rating, 11 customer reviews) or the Better Business Bureau (BBB). That said, it has earned an A+ accreditation rating through the BBB.

Until more reviews are available, read the fine print, compare offers, and consider reaching out to Nada directly with questions.

Customer service 

Nada’s team is based in Dallas and operates Monday through Friday from 10 a.m. to 6 p.m. CT. You can reach them by:

• Email: [email protected]
• Online scheduling: Book a call with a rep through their website
• Application support: Nada offers hands-on help with refinancing, selling, or repaying your HEA

How to apply for a Nada HEI

You can check your eligibility and get a free estimate on Nada’s website in just a few minutes. The application process starts with these steps:

1. Navigate to Nada’s website and click “Get Your Cash Estimate.”
2. Fill out the short form to see how much equity you could unlock with a Nada HEI.
3. Book a call with Nada’s team to go over the next steps.

If approved for a Nada HEI, the company will order a valuation and finalize terms. Once everything’s signed, you’ll receive your funds minus closing costs. 

Alternatives to Nada

There are several highly-rated home equity investment companies we recommend comparing to Nada before making any commitments.

Due to the sparse and low ratings provided by Nada customers online so far, it’s a good idea to compare Nada with more established HEI companies like Hometap, Point, and Unlock.