Noah Competitors and Alternatives

Before going out of business in 2023, Noah offered home equity investments to homeowners so they could turn their equity into cash. The company also offered down payment assistance for new homebuyers.

Several companies still offer investments like Noah’s and others offer alternative financing, which we’ll review below.

Noah competitors

For comparison purposes, we’ve listed the terms of Noah’s investment agreement before the company went out of business so you can see how it compared to its competitors.

	Noah	Hometap	Unlock
Our rating	N/A	4.8/5	4.5/5
Credit score	580+	500+	550+
Min. investment	$30,000	$15,000	$30,000
Max. investment	$500,000	$600,000	$500,000
Term length	10 years	10 years	10 years
		Prequalify	Prequalify

Hometap

Cash Estimate

• Investments from $15,000 to $600,000
• Highest customer reviews of all home equity investment companies
• No out-of-pocket costs

What makes it a good alternative to Noah?

Hometap is a co-investment company based in Boston. Homeowners can get a lump sum payment from $15,000 to $600,000, which is a wider range than what Noah offered.

While the company encourages homeowners to have credit scores of 600 or higher, it technically allows for scores as low as 500, making it a good option for homeowners with poor credit.

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Unlock

Cash Estimate

• Investments from $30,000 to $500,000
• Only company that allows partial buy-out payments
• Doesn’t share in the value added from home improvements

What makes it a good alternative to Noah?

Unlock is another Noah competitor you might consider when cashing in on your home equity. The company offers investments between $30,000 and $500,000.

The biggest benefit of Unlock over other equity investment companies is that it allows homeowners to make partial payments throughout the 10-year term instead of having to make one lump sum payment. This could make buying out Unlock’s position more manageable.

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.

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Noah alternatives

Home equity investments aren’t your only option for leveraging the equity you’ve built in your property. There are also other financial products you might consider when turning your equity into cash. Here’s a look at how Noah’s product would compare to HELOCs and home sale-leasebacks.

	Noah	Figure	EasyKnock
Product	Investment	HELOC	Home sale-leaseback
Credit score	580+	640+	None
Min. funding	$30,000	$15,000	$60,000
Max. funding	$500,000	$400,000	$450,000
Term length	10 years	5 – 30 years	12 – 24 months
		Prequalify	Prequalify

Figure

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• Receive your funds in as little as five days
• The entire application process is completed online
• Prequalification doesn’t impact your credit

What makes it a good alternative to Noah?

Figure is an online lender that offers a variety of financial products, including home equity lines of credit (HELOCs). If you don’t want to lose out on some of your home’s appreciation, a HELOC is a better choice.

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

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EasyKnock

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• Cash out without having to move out
• No set credit or income limits
• Choose from three different plans

What makes it a good alternative to Noah?

EasyKnock offers a different approach to leveraging your home equity. Rather than selling just a portion of your equity, you sell the entire house to EasyKnock and then rent it back. Using this service, you can turn up to 90% of your home’s equity into cash and are able 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.

EasyKnock might be a good alternative if you want more cash or 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).