Noah Competitors and Alternatives

Noah is a home equity sharing company that allows homeowners to turn their equity into cash. The company also offers down payment assistance for new homebuyers.

Several companies offer services similar to Noah’s—and there are also alternative products for accessing your home equity. If you’re thinking of leveraging the equity you’ve built up in your home, use this guide to understand your options.

In this guide:

• How does Noah work?
• Noah competitors
• Noah alternatives

How does Noah work?

Important note: Noah has paused accepting new applications. Consider some of its competitors if you are interested in a home equity investment.

At its heart, Noah is an investment company. You sell Noah a share of your home’s equity, and in exchange, you get a lump sum payment upfront.

You have 10 years to use the funds as you wish, at which point, you’ll need to buy Noah’s share out—either by selling the house, using savings, or possibly through refinancing your mortgage. Keep in mind: You’d pay Noah back at your home’s current value at that time, not the value when you started the agreement. This means Noah would share in any appreciation your home has experienced.

Home equity sharing agreements like what Noah offers can be a smart way to pay for home renovations without taking on extra debt, interest costs, or monthly payments. You can also use them to cover things like sudden repairs, medical bills, college tuition, or to pay off other debts.

Noah competitors

Several companies offer home equity sharing agreements similar to Noah’s. See how these Noah competitors compare on eligibility requirements, investment amount, fees, and more below.

	Noah	Unison	Hometap	Unlock
Min. credit score	580	620	500	550
Min. income	None	None	None	None
Max. LTV	85%	70%	75%	80%
State availability	CA, CO, MA, NJ, NY, OR, UT, VA, WA, DC	AZ, CA, CO, DE, FL, IL, IN, KS, KY, MA, MI, MN, MO, NE, NV, NJ, NM, NY, NC, OH, OR, PA, RI, SC, TN, UT, VA, WA, WI, DC	AZ, CA, FL, MA, MI, MN, NJ, NY, NV, NC, SC, OH, OR, PA, VA, UT, WA	AZ, CA, CO, FL, MI, MN, NV, NJ, NC, OR, SC, TN, UT, VA, WA
Investment amount	$30,000 – $500,000	$30,000 – $500,000	$15,000 – $600,000	$30,000 – $500,000
Term length	10 years	30 years	10 years	10 years
Transaction fee	3% or $2,000 (whichever is higher)	3.9%	3%	3%
Our rating (out of 5)	4.3	4.7	4.5	4.5
Free cash estimate	Temporarily paused	Click here	Click here	Click here

Unison

About Unison

Unison is a home equity sharing company based in California. Like Noah, the company lets homeowners sell a portion of their home’s future value for cash.

Unison is available in dozens of states and offers a maximum of $500,000 in funding—up to 15% of a home’s value. As far as minimum credit scores go, Unison has the strictest requirement: 620. Its terms are set at 30 years.

What makes it a good alternative to Noah?

Unison may be a good option if Noah’s not available in your state or if you want a longer timeline before buying your equity back. With Unison, you get 30 years before you need to sell your house or buy out the company’s investment. Noah’s buyout timeline is much shorter (just 10 years).

Pros & cons

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Hometap

About Hometap

Hometap is a co-investment company based in Boston. Homeowners can get a lump sum payment from $15,000 to $600,000 (depending on the value of their home) and need at least a 25% equity stake to qualify.

Though the company encourages homeowners to have credit scores of 600 or higher, Hometap technically allows for scores as low as 500, making it a good option for low-credit homeowners. The company will buy up to 30% of the home’s value.

What makes it a good alternative to Noah?

Hometap is a good alternative to Noah if you have low credit. While Noah does allow for scores down to 580, Hometap’s bare minimum is much lower.

Hometap is also available in more states than Noah and offers more potential cash (a $600,000 max versus $500,000).

Pros & cons

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Unlock

About Unlock

Unlock is another Noah competitor you might consider when cashing in on your home equity. The company offers up to $500,000 in funding, and homeowners need just 20% equity to qualify (that’s more than Noah but less than the other options in this guide).

Unlock agreements come with a 10-year term. And unlike other home equity sharing companies, this one lets you buy back your equity in partial payments. Doing so could make it easier—and potentially more affordable—to buy out Unlock in the long run.

What makes it a good alternative to Noah?

Unlock has wider availability than Noah, so if you’re in Arizona, Florida, Michigan, Minnesota, Nevada, North Carolina, South Carolina, or Tennessee, it may be a good option. You also might consider Unlock if you want the flexibility of partial payments—rather than paying a large, lump sum at the end of your agreement.

Unlock also has a lower credit score minimum than Noah. With Unlock, you can qualify with scores as low as 550. Noah’s minimum is higher at 580.

Pros & cons

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Noah alternatives

Home equity sharing agreements aren’t your only option for leveraging the equity you’ve built in your property. There are also other financial products you might consider to turn your equity into cash. Here’s a look at two—HELOCs and leasebacks—and how they compare to Noah’s offering.

	Noah	Figure	EasyKnock
Product	Investment	HELOC	Home sale leaseback
Min. credit score	580	640	None disclosed
Min. income	None	None	None
Max. LTV	85%	85%	90%
State availability	CA, CO, MA, NJ, NY, OR, UT, VA, WA, DC	All states except for DE, HI, KY, MD, NY, TX, UT, WV	Not disclosed
Investment/loan amount	$30,000 to $500,000	$15,000 to $400,000	$60,000 to $450,000
Term length	10 years	5, 10, 15, or 30 years	12 to 24 month lease (can renew after that)
Origination fee	3% or $2,000 (whichever is higher)	Up to 4.99% origination fee	2.99%
Get started	Temporarily paused	View rates	View rates

Figure

About Figure

Figure is an online lender that offers a variety of financial products, including home equity lines of credit (HELOCs), mortgages, and crypto-backed loans. The company also offers various business solutions and investment options.

What makes it a good alternative to Noah?

If you’re looking for super-fast funding, Figure can be a good option. The company offers funding in as few as five days if you’re able to sign the contract online. It’s also more widely available than Noah (only a handful of states are excluded), and there are several more term options to choose from. 

Pros & cons

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EasyKnock

About EasyKnock

EasyKnock offers a different approach to leveraging your home equity. Rather than selling just a portion of your equity, you instead sell the entire house to EasyKnock and then rent it back. You can turn up to 90% of your home’s equity into cash using this strategy and are free to remain a renter for as long as you want.

The company also offers a program for homeowners looking to move. Dubbed Moveability, it lets you sell your home to EasyKnock, lease it for up to 12 months, and take your time searching for a new property.

What makes it a good alternative to Noah?

EasyKnock might be a good alternative if you want more cash or you don’t have much equity. The company allows homeowners to turn up to 90% of their home’s equity into cash (though a portion of this will be used to pay off any existing mortgage balances on the property). 

Pros & cons