Question 1

Where is Noah investing in Massachusetts?

Accepted Answer

We’re partnering with homeowners throughout Massachusetts:  Boston, Cape Cod, Newburyport, Rockport, Northampton, Amherst, Lowell, Pittsfield, and more.  To see if we’re available in your area, enter your home address here.

Question 2

How do most Boston homeowners use their funding?

Accepted Answer

A majority of our homeowner partners utilize at least part of the funding for debt payoff. While we do look at credit score during the application process, one advantage of Noah financing is that we are not a debt product, and therefore we do not report to credit agencies. When a Boston homeowner utilizes funding with Noah to consolidate debt, we typically see a significant increase in their credit score as well as a reduction in their debt-to-income ratio.  We also see a lot of homeowners looking for funding to use for home renovations, and to increase their investments.

Question 3

How is Noah able to offer financing with no monthly payments and no interest?

Accepted Answer

We believe in a debt-free and partnership based approach to homeownership. In exchange for interest- and payment-free financing, we share in a portion of the change in value of your home, from the time of our initial investment until the time that you choose to sell or refinance your home or buy us out, up to 10 years later.  Noah makes money if the value of your home increases during the length of your financing contract.

Question 4

Do I need to be a homeowner to receive financing from Noah?

Accepted Answer

Yes—we work with existing homeowners who are looking to pull out equity from their home.

Question 5

Is Noah financing considered a mortgage or home loan?

Accepted Answer

No — home equity sharing is not a mortgage or a home loan. As a HELOC alternative, it is a debt-free investment agreement that enables homeowners to access their home equity through an equity share model with no monthly payments and no interest. Instead of monthly payments with interest, you pay out Noah at any time in one lump sum.

Question 6

Is Noah added to the title of my home or made a part owner?

Accepted Answer

No — we are not added to the title of your home. We do, however, place a lien on your property behind your existing mortgage lien. The document we use for this lien is a Deed of Trust, which is very similar to what a lender would use to secure its investment in your home. Additionally, we record a Memorandum of Agreement, which gives public notice of our interest in and lien on your home.  Generally, Noah is able to occupy the first, second, or third lien position post-financing.

Access up to $350,000 of your home equity in Boston

Why do Boston homeowners choose Noah?

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