Question 1

What is home equity sharing?

Accepted Answer

Home equity sharing is an innovative, debt-free way for homeowners to access their home equity without ongoing monthly payments or interest. In exchange for an upfront payment- and interest-free financing, Noah shares in a portion of the change in value of the home, from the time of our initial investment until the time that the homeowners choose to sell, refinance their home or buy us out, up to 10 years later.

Question 2

How does financing with Noah compare to a cash-out refinance?

Accepted Answer

While Noah financing may not be the best choice for everyone, there are key differences between home equity sharing and a cash-out refinance that may make partnering with Noah the better option for some homeowners. Unlike traditional financial institutions that offer cash-out refinances, Noah is able to offer quick approval with broad underwriting criteria.  And if you fall on hard times, our Homeowner Protection Program is there to help you pay your mortgage for up to three months. And, unlike a cash-out refinance, our financing approach doesn’t add to your debt balance or include monthly payments, interest rates, or prepayment fees.

Question 3

Is there a minimum home value that Noah will invest in?

Accepted Answer

The minimum value at which your home will be eligible for Noah financing is ${min_home_value}. Know that final approval may depend on the location of your home and underwriting criteria, among other factors. See our full eligibility criteria here.

Question 4

I already have a mortgage.  Will my bank be okay with  financing from Noah?

Accepted Answer

Our product is complementary to traditional mortgage loans, and therefore your existing mortgage provider should not have any issues with Noah financing. As part of the application, we also review your mortgage note and terms to make sure there are no issues.

Noah vs. a Cash-Out Refinance

Home financing from a partner, not a bank

Still wondering if Noah is right for you?