Noah Home Equity Company Out of Business [Best Alternatives Here]

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

Several companies still offer agreements like Noah’s and others offer alternative financing that leverage your home equity. We’ll review your top options below.

Company	Best for…	Rating (0-5)
4.9 View Rates	Best HELOC	4.9 View Rates
4.8 Free Quote	Best HEA for Flexible Qualification	4.8 Free Quote
4.5 Free Quote	Best HEA Repayment Structure	4.5 Free Quote

How did Noah work?

Noah was a company that offered home equity-sharing agreements, providing homeowners with a lump sum in exchange for a percentage of their home’s future value. Unlike a loan, these agreements had no monthly payments—homeowners repaid Noah at the end of a 10-year term by selling the home, refinancing, or using savings.

Noah typically invested between 5% and 20% of a home’s current value, offering up to $500,000 in funding. The amount depended on factors like home value, mortgage balance, and the homeowner’s financial profile. Eligible properties had to be worth at least $175,000 and located in select states, while homeowners needed a minimum 15% equity stake and a credit score of at least 580.

Because Noah shared in both gains and losses, it was selective about which properties it invested in. When the term ended, the homeowner repaid Noah based on a percentage of the home’s appreciated (or depreciated) value. For example, if Noah had a 20% stake and the home’s value grew by $75,000, the homeowner would owe Noah an additional $15,000 on top of the original amount received.

While Noah is no longer in business, alternative home equity-sharing companies still exist, offering similar financing options. If you want to access your home’s equity without monthly payments, other HEA providers may be a good fit. However, if you’d rather borrow against your equity while keeping full ownership of your home, a HELOC could be a better alternative. The right choice depends on your financial needs and comfort with repayment.

The best alternatives to Noah’s home equity sharing agreements

If you need an alternative to Noah’s now-defunct home equity-sharing agreements, our top picks are Figure, a leading HELOC provider, and Hometap and Unlock, two home equity-sharing companies. The best option depends on how you want to access your home equity.

A HELOC like Figure’s lets you borrow against your home’s equity while keeping full ownership. It offers flexibility but requires monthly payments and a higher credit score—Figure requires at least 640.

Home equity agreements (HEAs) from Hometap and Unlock provide a lump sum with no debt or monthly payments. They’re more accessible to homeowners with lower credit scores—often in the 500s—making them a solid option if you don’t qualify for a HELOC.

Next, we’ll break down what each company offers and how they compare.

Figure

Best Overall HELOC

4.9 _/5

View Rates

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Why it’s a good alternative

Figure offers a fast, fully digital HELOC with fixed-rate options, making it a strong alternative for homeowners who prefer borrowing over selling a share of their home’s future value.

Unlike a home equity agreement, a Figure HELOC allows you to keep full ownership of your home while accessing your equity as a loan. However, Figure requires you to draw 100% of your approved funds at origination.

The advantage is that you can redraw up to 100% of your repaid principal during the draw period, giving you flexibility in how you access and use your funds. If you’re comfortable with monthly payments and want predictable borrowing costs, Figure is a top choice.

Rates (APR)	6.80% – 14.35%
Loan amounts	$15,000 – $400,000
Repayment terms	5, 10, 15, or 30 years
Min. credit score	640

Hometap

Best Overall HEA

4.8 _/5

Free Quote

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Why it’s a good alternative

Hometap provides a lump sum in exchange for a share of your home’s future value, similar to what Noah offered. With no monthly payments and a clear 10-year term, it’s an excellent alternative for homeowners who want to tap their equity without taking on new debt.

Hometap’s strong reputation and transparent process make it one of the most well-established home equity agreement providers, giving homeowners a reliable way to access their equity while delaying repayment until they sell, refinance, or buy out the investment.

Funding	Up to $600,000
Term length	10 years
Min. credit score	500

Unlock

Best HEA for Partial Payments

4.5 _/5

Free Quote

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Why it’s a good alternative

Unlock stands out by allowing homeowners to make partial buyout payments over time, reducing the final amount owed at the end of the agreement. This makes it a great option for those who want a Noah alternative but prefer a more gradual repayment structure rather than waiting until the 10-year term ends.

If you’re looking for flexibility in how and when you repay your home equity agreement, Unlock is a solid choice.

Funding	$30,000 – $500,000
Term length	10 years
Min. credit score	500

How to choose the best home equity alternative to Noah

If you were considering Noah to access your home’s equity, the best alternative depends on your financial situation and goals. Ask yourself these key questions to determine the right option:

• Do I want to keep full ownership of my home? A HELOC lets you borrow against your home’s equity without giving up a share of its future value. If you prefer control over your property and can handle monthly payments, a HELOC like Figure may be the best fit.
• Am I comfortable with monthly payments? If you’d rather avoid debt and ongoing payments, an HEA like those from Hometap or Unlock may be a better option. Instead of a loan, you receive a lump sum upfront in exchange for a percentage of your home’s future value.
• Do I meet the credit score requirements for a HELOC? HELOCs often require higher credit scores while HEAs tend to be more accessible to credit scores as low as 500.
• How soon do I need the funds? HELOCs often provide fast access to cash, but HEAs can also be a good alternative if you need a lump sum quickly and don’t qualify for traditional financing.

For more details, check out our best HELOCs and best home equity-sharing agreements to compare top lenders and find the best fit for your needs.

Recap of the best alternatives to Noah’s home equity-sharing agreements

Company	Best for…	Rating (0-5)
4.9 View Rates	Best HELOC	4.9 View Rates
4.8 Free Quote	Best HEA for Flexible Qualification	4.8 Free Quote
4.5 Free Quote	Best HEA Repayment Structure	4.5 Free Quote