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Rating by Finanso®

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.



About lender

Noah, formerly Patch Homes Inc., is an online brokerage firm that connects homeowners with investors who want to share their home value. This unique alternative to standard finance allows you to access the equity in your home without the burden of monthly payments.

The company issues no interest charges or monthly payments, and all they ask is that you repay them in ten years. It enables homeowners to access funds without being pressured by payments, which could be helpful if a borrower was suddenly laid off or faced a comparable loss of income.

Established in 2016, the company's head office is in San Francisco, California. It serves homeowners in California, Colorado, Massachusetts, New Jersey, New York, Oregon, Utah, Virginia, Washington, and Washington, D.C.

Pros and cons of Noah


  • You can get cash upfront for any purpose. Noah has no restrictions on how you spend your investment funds. Use it for home improvements, college tuition, or debt repayment.

  • Avoid making a monthly payment. You will not be required to make an additional monthly payment, as you would with a home equity loan or home equity line of credit (HELOC).

  • You could receive more than you pay back. Noah shares your successes and failures. If your house loses a substantial value before the end of your term, you may end up paying less than your initial investment.

  • With poor credit, you can qualify. A 580 credit score is all that is required to qualify for a home equity sharing arrangement. Many other types of borrowing necessitate a considerably higher credit score.


  • It could cost you far more than you would have spent on alternative types of financing. If the value of your home rises dramatically, you may end up repaying Noah much more than you got. It could be more than the interest you spent on a cash-out refinance, home equity loan, or HELOC.

  • It takes a significant amount of equity to get started. You will not be eligible for a Noah equity sharing arrangement unless you own at least 15% of your home.

  • There are several upfront costs. You'll need money to pay Noah's charge, as well as several other upfront services and transaction costs from third parties.

Terms and conditions

Unlike a loan, a Noah home equity sharing arrangement has no monthly payments. Instead, you'll give Noah a percentage of the future value of your home. You will have up to ten years to purchase Noah's position. You can buy out Noah's position in a variety of different ways, including the following:

  • Put the house up for sale. You would pay Noah's portion out of the revenues from your sales.

  • Refinance your existing mortgage loan. You can access the equity in your home through a cash-out refinance, receive a lump-sum cash payout, and then use that money to buy out Noah's portion of the business.

  • Utilize your savings or other available cash resources. You can also use money from your savings, a windfall (such as an inheritance), or any additional liquid funds you might have to pay Noah.

The best choice for you will be determined by several criteria, including your financial situation at the time of sale. If unsure, you should consult a financial professional to receive some guidance.

Even though Noah does not charge interest or require monthly payments, it is vital to understand that Noah does charge fees. Their servicing cost, which is essentially a loan origination fee, is $2,000 or 3% of the loan amount, whichever is greater. It includes loan processing and underwriting.

Funding a loan

The procedure for obtaining financing comprises five simple steps:

  • Get an estimate by providing your house address and a few other fundamental details;

  • Complete an application online and check your credit;

  • Schedule a house appraisal to evaluate the value;

  • Sign your documents;

  • Receive your funds.

To begin, you submit an estimate request by putting your property address into their web form. It will automatically fetch your house worth and ask basic questions like what you presently owe and your credit score. If you want to proceed, enter basic contact information and complete an online application. This procedure will be similar to applying for a mortgage, as it will necessitate a credit check and the uploading of appropriate income/asset data.

Following that, an appraiser will come to your home to provide an unbiased appraisal of its value. After you sign the closing documents with a notary, the money will be transferred within a few days. The process can be completed in as little as a week and a half, or 15 days.


How does Noah's home equity work?

Noah gives homeowners access to funds without payments in exchange for future profits.

What is Noah funding?

Noah funding is a unique, debt-free solution for homeowners to access their home equity without making monthly payments or paying interest. In exchange for an upfront payment and interest-free financing, Noah receives a percentage of the home's worth from the time of first investment until the homeowners choose to sell, refinance, or buy out, up to ten years later.

Is Noah a mortgage or a home loan?

No, a Noah Investment is not the same as a mortgage or home equity loan. A debt-free financing agreement allows homeowners to access their home equity without making monthly payments or paying interest. A Noah Home Value Investment does not appear on your credit report and does not increase your debt load.

How much funding can I get with Noah?

While Noah can lend up to $500,000 to homeowners, the maximum investment amount we can offer you is determined by your specific situation. Generally, Noah's homeowner partners make an investment ranging from 5% to 20% of their home's value, depending on their needs. The final investment amount is limited to 85 percent lien-to-value (LTV) and is subject to Noah's final application and underwriting.

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© Patch Homes, Inc.

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What to focus on before applying for a loan with Noah

To ensure the lender is legitimate, check if it meets the following criteria:

How do you know if a loan company is registered?

The lending company is registered with the US Securities and Exchange Commission (SEC) and has a tax identification number (EIN). Note that tribal lending companies operate under the jurisdiction of tribal laws, and they don't have to register with the SEC. But still, tribes must act under federal consumer protection laws enforced by the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC).

According to the FTC requirement, the lending company is registered in your state, excluding tribal lenders abiding by tribal and federal laws only. That is why tribal lending companies can charge interest rates exceeding your state's maximum.

Finally, the State Attorney General can verify the registration of the lending company if you need additional proof of whether it is legitimate.

If a US lending company scams you, please report to local law enforcement, your state attorney general, CFPB, or FTC.

Finanso® also recommends

Learn the total cost of a loan, including:

It will be best to read a loan agreement carefully before signing it. If any part of the agreement seems incomprehensible, do not hesitate to ask the lender about particulars.

Remember that you don’t have to make an immediate decision when considering getting a loan. However, you must be sure that you are ready to repay following your loan documents. If the lender’s terms and conditions are uncomfortable for you, you are free to search for another proposal, as there are about 780 lending companies in the US.

What’s the difference between Noah and a bank?

  1. You need to have a good credit history to qualify for a credit card with a bank. In contrast, even bad credit history debtors can borrow money from US lenders with personal or payday loans. 
  2. Interest rates and annual percentage rate for a loan with an online lending company are significantly higher than with a credit card released by a bank.
  3. Applying for an online loan with a lending company doesn’t require paperwork or even visiting their office. Instead, a borrower can apply entirely online and receive money via direct deposit on the next business day.
  4. The online lending business is high-risk for investors, and their capital is not protected from unfair borrowers.
  5. A loan with legitimate loan companies for bad credit is a simple but expensive form of borrowing to resolve financial hardship.
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