How to apply
Requirements
To qualify for a home equity investment with Noah, you and your property must meet specific criteria:
Property: single-family residential units, condominiums, and townhouses;
Location: CA, CO, MA, NJ, NY, OR, UT, VA, WA, or D.C;
Credit score: at least 580;
Credit report: no multiple 60-day or 90-day delinquencies;
Home value: $175,000 – $3.5 million;
Home equity: at least 15% equity;
Income: enough verifiable income or savings to cover outstanding debt;
Debt-to-income: 60% or less. If more, Noah's investment must be used to pay off debt.
Application details
To apply for a Noah home equity sharing agreement, go to the company's website. You'll then receive your estimate, and if it satisfies your requirements, you can move on to the entire online application.
Here's how the procedure works from the start to the end:
Fill out the form on Noah to receive an investment estimate;
Fill out the entire online application and upload any relevant documentation;
Get your house evaluated. Noah will base the worth of your investment on this;
Sign your agreement and get your money.
Once you provide your home address, mortgage balance, and credit score through their online portal, Noah will instantly let you know if you've been pre-approved and the maximum investment amount you may be eligible for.