Nada Home Equity Reviews: 2026 HEA Costs, Terms, and Ratings

Nada is a Dallas-based company that offers homeowners an alternative to traditional home equity loans and home equity lines of credit (HELOCs). Through a home equity agreement (HEA), you receive a lump sum of cash today in exchange for sharing a portion of your home’s future value when you sell, refinance, or otherwise repay the agreement.

---

Alternatives to Nada home equity agreement

Before making any commitments, we recommend comparing Nada to other home equity agreement companies. Some of our top recommendations include Unlock, Hometap, and Point.

About Nada

If you’re house-rich but cash-strapped, a home equity investment like Nada’s home equity agreement (HEA) might sound like financial freedom: 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 $249,000 or more (including the initial amount accessed), 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 HEA works, who qualifies, and what to watch out for before signing. 

Founded in 2018, Nada is also the first SEC-qualified platform to let investors buy city-specific home equity shares via its CityFunds endeavor, according to Nada’s website. In 2025, its U.S. Home Equity Fund I bought more than 130 existing HEAs from a Nada affiliate for over $10 million.

You may also see the name Homeshares referenced in Nada’s materials. Homeshares refers to the investment side of the business, where funds like U.S. Home Equity Fund I allow investors to participate in the home equity agreements Nada creates. Nada may also use the term “Homeshare” in reference to the homeowner agreement itself. As a homeowner, you work directly with Nada, not individual investors.

What is a Nada HEI?

Nada refers to its product as an HEA, but it’s also commonly called a home equity investment (HEI). You may see both terms used interchangeably, along with phrases like home equity contract or home equity sharing agreement (HESA).

There’s no meaningful structural difference between an HEA and an HEI. They describe the same type of product. You receive cash today based on your home equity, and in return, you agree to share a percentage of your home’s future value when you sell, refinance, or otherwise repay the agreement.

The terminology varies by company and marketing preference, but the underlying structure remains the same. Read more about the home equity acronyms in our guide.

How does Nada work? 

Nada’s HEA lets you trade a portion of your home’s future value for upfront cash with no interest and no monthly payments for up to 10 years.

You stay the homeowner. Nada records a lien on your property—typically as a second lien behind your mortgage—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.

Settlement 

You can settle a Nada HEA at any time without prepayment penalties and repay by selling the home, refinancing, or using cash on hand.

Nada is also a state-licensed mortgage company and licensed real estate brokerage in Texas, which means it can support homeowners directly through a refinance and, in some locations, a home sale if they choose to use those services.

Term length 

Each HEA lasts up to 10 years. If you haven’t repaid by then, you have several options for paying off your Nada HEA, including selling the home, refinancing, or applying for a new 10-year agreement.

Payment options 

Nada HEAs 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 3% to 5% origination fees, 1% to 3% underwriting fees, and $595 to $795 for processing.

These are the only fees paid to Nada, but homeowners should also expect to pay third-party fees (title, inspection, notary, etc.) as closing costs.

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)

Typically, 4% to 7% of the amount you’re accessing will be applied to closing costs. All fees are deducted from your cash proceeds, so you don’t pay anything out of pocket.

Final payment 

Nada’s settlement amount depends on your home’s future value and the percentage you sold. The exchange rate starts at 1.85, meaning that if you access 10% of your home’s current value, Nada’s share becomes 18.5% of your home’s value when you repay.

Example 1: Moderate appreciation

• Home value at agreement: $400,000
• Percentage accessed: 10%
• Cash received: $40,000 (excluding fees)
• Exchange rate: 1.85
• Nada’s share at settlement: 18.5%

If your home is worth $500,000 at settlement:

• 18.5% × $500,000 = $92,500
• Total amount paid to Nada: $92,500

Example 2: Minimal appreciation

• Home value at agreement: $400,000
• Percentage accessed: 10%
• Cash received: $40,000 (excluding fees)
• Exchange rate: 1.85
• Nada’s share at settlement: 18.5%

If your home is worth $420,000 at settlement:

• 18.5% × $420,000 = $77,700
• Total amount paid to Nada: $77,700

Eligibility and requirements 

Here’s what you’ll need to qualify for a Nada HEA:

• 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 for primary and secondary homes, and a minimum credit score of 720 for investment properties, with no late payments in the last 24 months
• 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, PUD, townhome, site condo, or multi-family property up to four units 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 keep ownership and make your own decisions about 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, the company is a co-investor. So if your property falls into disrepair and loses value, that could reduce your eventual payout (and Nada’s). Keeping the home in good shape protects both parties’ interests.

Pros and cons of a Nada HEA

Nada’s pros and cons are similar to what you’d expect from any industry-standard home equity investment arrangement.

Nada home equity reviews 

Nada earns strong customer ratings across the platforms where it maintains an active review presence.

Platform	Rating	Number of reviews
Trustpilot	4.7 / 5	348 reviews

Nada home equity reviews are generally positive, with customers often highlighting helpful service, clear explanations, and a straightforward application process. Some reviewers report slower communication or delays during the process.

The ratings are high, though the total number of reviews remains relatively modest. Nada launched in 2018, and because its agreements last up to 10 years, many customers are still in the middle of their term rather than at the settlement stage—when borrowers are more likely to leave detailed feedback.

Nada is also accredited by the Better Business Bureau (BBB) and holds an A+ rating , which reflects how Nada is likely to interact with its customers, based on complaint history, transparency, and public data.

Customer service 

Nada’s customer service 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 the website, nada.co
• Application support: Nada offers hands-on help with refinancing, selling, or repaying your HEA

How to apply for a Nada home equity agreement

You can check your eligibility and get a free estimate on Nada’s website after answering a few questions. 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 HEA.
3. Book a call with Nada’s team to go over the next steps.

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

Nada home equity reviews FAQ

---