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Unison vs. Noah: Home Equity Sharing Comparison

Updated Jul 17, 2023   |   7-min read

Noah is no longer in business.

A home equity sharing agreement is one way to access your home equity. Unlike other equity products, these come with no debt or monthly payment. Instead, you sell a share of your future equity and get a lump-sum payment upfront.

Several companies offer home equity sharing agreements, including Unison and Noah. Use this guide to compare Unison vs. Noah on eligibility requirements, availability, investment amounts, and more, and see which one could be right for your goals as a homeowner.

In this comparison:

About Unison

Unison is a home equity sharing agreement company, meaning it shares in both the risk and the reward of your home. The company will purchase a share of your home’s future equity and give you a lump-sum payment in return. You can use those funds however you wish.

Once the term ends (in 30 years), you’ll need to buy out Unison’s share at the home’s current market value or sell your home and repay the company out of the proceeds.

Unison is one of the more widely available equity sharing companies on the market and is available in nearly 30 states. See our full Unison review for more details.

About Noah

Noah’s approach is similar. You sell the company a share of your home’s equity and get cash to use however you’d like. Ten years later, you’ll need to buy out Noah’s share of your equity or sell or refinance your house.

Noah also offers down payment assistance and was formerly known as Patch Homes (the company rebranded in 2020). Learn more in our Noah review.

Does Unison or Noah have better reviews and ratings?

A great way to gauge a company’s customer service is to look at online reviews and ratings. See below to compare Noah vs. Unison across various review sites.

Rating SourceUnisonNoah
Better Business Bureau1.9/53.67/5

Noah has higher ratings than Unison on Trustpilot and the Better Business Bureau, but take that last one with a grain of salt (only three customers have reviewed the company on BBB). On Trustpilot, though, it has 179 reviews, and 88% of those say their experience with Noah was either “excellent” or “great.” Customers note the company’s easy application process, its availability, helpful customer service reps, and speed.

Unison has largely average scores, though its Trustpilot rating has decreased quite a bit recently. More than a quarter of customers said their experience was “poor” or “bad,” while 72% called it “great” or “excellent.”

On BBB, Unison has a 3.49 out of 5 across 42 reviews. A whopping 48 complaints have been filed against the company in the last three years—half of those in the past 12 months alone. The complaints are wide-ranging, but many mention aggressive advertising efforts and misleading marketing.

Is a home equity investment from Unison or Noah more accessible?

Checking reviews and ratings is only the first step. To make sure you choose the best home equity sharing company for your needs, you also need to compare eligibility requirements and geographic availability, as every company operates in different states.

When comparing Unison vs. Noah, the two have the same maximum investment, but differ in locales, credit score minimums, and more. Use the below table to see how the two measure up.

State availabilityAZ, 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, and DCCA, CO, MA, NJ, NY, OR, UT, VA, WA, and DC
Min. credit score620580
Max. LTV70%85%
Type of homeTypically owner-occupied, primary residences, including single-family homes, townhouses, and condos

Occasionally second homes are allowed
Single-family homes, most condominiums and townhomes, second homes, rental properties, some tenancy in common properties

No co-ops or homes on more than an acre
Investment amount$30,000 – $500,000$30,000 – $500,000
Term length30 years10 years
Fees3.9% transaction fee, appraisal costs, and third-party settlement costs3% transaction fee, appraisal costs, and third-party settlement costs
See if you qualifyClick hereClick here

The best home equity sharing company will depend on where you’re located and your property type and timelines. Geographically speaking, Unison is much more widely available. It also gives you up to 30 years to buy your equity back.

Noah, on the other hand, allows for lower credit scores and is more flexible on property types. The buyout timeline is much shorter, though, and you’ll need to settle up with Noah just 10 years after the agreement is signed.

Scenarios in which Unison or Noah is better than the other

If you still can’t decide whether Unison or Noah is the best fit for your needs, we’ve broken out a few scenarios when one company is a better fit than the other.

 See if your unique situation is below and, if so, which company we recommend to help.

You have a low credit score: Noah

If your credit score is on the lower end, you’re likely best served by Noah. The company allows for credit scores as low as 580, while Unison requires a higher minimum score of 620.

You want a longer term: Unison

Don’t want to buy back your equity any time soon? Then Unison is probably your best choice. While Noah requires buyout within just 10 years, Unison’s timeline is three times that, giving you a full 30 years to buy out its share.

You have a rental or investment property: Noah

Noah co-invests in a variety of property types, including second homes, rentals, and investment properties. Though Unison says it will sometimes back second houses, it’s not the norm, and the company prefers to invest mainly in owner-occupied properties.

You’re not in CA, CO, MA, NJ, NY, OR, UT, VA, WA, or DC: Unison

Noah is only available in eight states, plus Washington, DC. So if you’re outside of these areas, Unison is your only choice. You can also look to our home equity sharing companies guide for more options.

You don’t have a ton of equity: Noah

With Unison, the maximum loan-to-value ratio is 70%, meaning you need to retain at least 30% equity in your property. Noah, on the other hand, allows LTVs up to 85% (15% equity).

You think you might sell your house soon: Noah

Unison’s home equity sharing agreements come with a five-year restriction period. While you can technically sell your home during that time frame, Unison won’t share in any losses if your home has depreciated in value. In this case, you’d simply need to pay back the company its full investment amount.

Noah has no restrictions like this and will share in the depreciation (or appreciation) no matter when you sell your house.

Which company is our choice between Unison and Noah?

An evaluation of our home equity investment partners resulted in Unison being the highest-rated company, making it our choice between Unison and Noah. On a scale of 0 to 5, Unison received a 4.7, while Noah received a 4.3.

Additionally, Noah has currently stopped accepting any new applications at this time. So, homeowners interested in one of these two companies will need to go with Unison for any immediate financing needs.