Important Note: Noah is no longer in business. The CEO says they will restart applications at a later date, but has not provided a timeline.
A home equity sharing agreement is an exchange of equity in your home for a lump-sum cash payment. This exchange is typically between an investment company and a homeowner.
Several companies offer equity sharing agreements, but Point and Noah are two of the more popular options. In this comparison, we’ll look at customer reviews and ratings, eligibility requirements, and more to determine the better option.
In this comparison:
- Which company has better ratings?
- Which company is more accessible to homeowners?
- Scenarios in which one is better than the other
- Our choice between Point and Noah
Does Point or Noah have better customer reviews and ratings?
Before choosing which company to work with, it’s important to look at the experiences of past customers using online reviews and ratings.
Here’s what we found in our research:
|Trustpilot||4.5 stars||4.5 stars|
|Better Business Bureau||4.47 stars||4.5 stars|
Ratings accurate as of February 2, 2022.
According to our analysis, Point and Noah are fairly even on customer reviews. Point and Noah have the same rating on Trustpilot, but remember: these are just averages. Noah actually has a higher share of “excellent” and “great” reviews than Point.
Is an investment from Point or Noah more accessible?
Checking out a company’s reviews is only one part of the process. You should also look into the eligibility requirements to make sure you’ll qualify.
In this case, Point and Noah have different credit score minimums, loan-to-value maximums, and state availability.
|State availability||AZ, CA, CO, FL, IL, MD, MA, MI, MN, NV, NJ, NY, NC, OH, OR, PA, VA, WA, DC||CA, CO, MA, NJ, NY, OR, UT, VA, WA, DC|
|Min. credit score||500||580|
|Home value requirements||None||Must be $155,000 or higher|
|See if you qualify||Prequalify||Prequalify|
The right choice depends on your unique financial situation and goals. If you have a lower credit score or a property on several acres, Point will be your best option. Noah, on the other hand, is a better fit if you need more cash or want a shorter investment term.
Generally speaking, Point is a bit more accessible, as its credit score minimum is lower and it’s available in more states.
Scenarios in which Point or Noah is better than the other
If you’re still not sure whether Point or Noah is the best option for tapping your home equity, take a look at the following scenarios to see where one stands out over the other.
- If you need a small investment
- If you want a longer term length
- If you live in the South or Midwest
- If you have poor credit
If you need a small investment: Point
Both companies require a minimum investment to be made. Point’s is $25,000, while Noah’s is $30,000.
If you want a longer term length: Point
Need more time to settle the investment? Point’s your better option. With Point, your term goes up to 30 years, allowing three full decades before you need to sell, refinance, or otherwise buy out the company. Noah’s term length is ten years, requiring much quicker repayment.
If you live in the South or Midwest: Point
Noah’s services are only available in a handful of Northeastern and Western states, so if you live in the South or Midwest, Point may be the way to go. Point is available in Florida, Georgia, Arizona, Illinois, Minnesota, Wisconsin, and Michigan.
If you have poor credit: Point
If you don’t have the best credit (between 500 and 579), then Point will be the better option between these two companies. Noah has a slightly higher minimum credit score of 580. Keep in mind a lower credit score may make it harder to access the maximum investment amount.
Which company is our choice between Point and Noah?
Point and Noah are pretty evenly matched when it comes to offering home equity sharing agreements. Our internal analysis had Noah and Point each scoring a 4.3 out of 5.
Learn more about both Noah and Point in our guide to the best equity sharing companies.