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We provide home equity financing with no monthly payments or interest, in exchange for a share in the future appreciation or depreciation of your home’s value.
Noah invests in the value of a home with the hope that as the home gains value, we will share in that appreciation with the homeowner. That means we can take a much more flexible approach. We take a broad look at each homeowner’s financial situation to determine if we are going to invest in the home alongside them.
- No Monthly Payments
- No Interest Rate or APR
- No Prepayment Penalty
- True Home Equity Partner
In terms of the homeowner, we review their overall financial profile to determine what impact Patch funding would have on their financial situation. We require that after we fund, their credit score be greater than 625 and their debt-to-income ratio (DTI) be less than 60%. After we invest, the homeowner’s lien-to-value (LTV) ratio must be less than 80%. Please note that all eligibility criteria and the final investment amount are subject to final underwriting by Noah.
We consider properties valued at $300,000+ in select metro areas:
- California – Los Angeles, Orange County, Inland Empire, San Diego, SF Bay Area, San Luis Obispo, Santa Barbara
- Colorado – Denver metro area
- Oregon – Portland metro area
- Utah – Salt Lake City metro area
- Washington – Seattle metro area
Eligibility Requirements
The requirements below are must-haves, without which we are unable to provide you with financing. Additional information in regards to your personal profile and your property can also help secure a favorable offer from Noah.
- You are an existing homeowner with your name on the title of the property
- You have a pre-financing lien-to-value (LTV) of less than 80% on your home
- You have FICO/credit score of 625 or more
- The home for which you’re requesting financing is not being used for commercial reasons or on a land lease
- Your property is located in one of the states that Noah currently operates in
- Your property is not the subject of a foreclosure or bankruptcy proceeding
Property Geographic Area Details
CA, CO, DC, MA, MD, NJ, NY, OR, UT, VA, WA
Loan Amounts
$30,000 to $350,000
Max Loan-To-Value
80.00%
Loan Terms
84 months to 120 months
Lien Position
- 1st
- 2nd
- 3rd
Loan Purpose
- Investment Acquisition
- Investment Refinance
- Improve Subject Property
- Use Equity to Invest in Another Property
- Invest in a Business
- Business Working Capital
- Value Add Project
- Development Project
- Personal Use
Property Occupancy
- Tenant Occupied 100%
- Owner Occupied Residential
Property Types and Loan Types
Collateral Types
- Residential Property
Property Types
- Condominium
- Single Family Residence
Loan Types
- Residential Owner-Occupied
Specialty Loan Types
- 2nd Mortgage Equity Cash Out
- 3rd Mortgage Equity Cash Out
- Residential Equity Share
Junior Liens
Junior Lien Loan Amounts
$30,000 to $350,000
Junior Lien Loan-to-Value
80.00%
We Fund Junior Position Loans
Often
Junior Lien Types
- Equity Cash Out
Purchase Loan
Max Loan-To-Purchase Price
0%Borrower Must Have Property Under Contract
noWill Provide Proof of Funds Letter
noWill Consider Lending on Purchase from Auction
noDetails and Requirements
Typical Closing Time (Days)
22Fastest Closing Time (Days)
4Works With
- Brokers
- Borrowers
Payment Structure
- No Monthly Payments Required
Payment Structure Details
10-year term, no interest, no monthly fees, no early exit feesPre Payment Penalty
no
Will lend to a foreign national
no
Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage
yesWill Consider Collateralizing Multiple Properties in One Loan
noWill Consider Equity Joint Venture
no
Borrower Entity Types Considered
- Individual(s)
- Trust
Documentation Required
- Credit Report
- Tax Returns
- Bank Statements
- Financial Statements
- Loan Application
Personal Guaranty (Recourse) Required
NeverCredit Check Required
yesMinimum Credit Score Required
550Appraisal Required for Residential Property
Always Before FundingBroker Price Opinion (BPO) Accepted for Residential Property
NeverFees
Escrow Fee
Other Fee
As part of the final application and closing, we charge a one-time Servicing Fee of $2,000 or 3% of the financing amount, whichever is higher. This covers all costs, including processing and underwriting, as well as select third-party costs such as credit reports. The fees are deducted from your financing amount as part of the closing. For example: if you were to access $100,000 of home equity, the 3% servicing fee would amount to $3,000. Homeowners may be responsible for additional third party costs, such as affordable housing fees.
Fees which are mandatory for all new borrower clients
- Underwriting Fee
- Appraisal Fee
- Escrow Fee
- Title Fee
Fees which are charged upfront prior to loan closing
- Appraisal Fee
- Escrow Fee
- Title Fee
- Other Fee
Fees which are paid to a third party company
- Appraisal Fee
Noah is a modern finance company helping homeowners tap into their home value to meet their financial goals without incurring new monthly payments or interest. Founded in 2016 and headquartered in San Francisco, Noah’s innovative equity sharing model is a debt-free alternative to traditional home equity loans and HELOCs. By partnering with homeowners, Noah offers homeowners in select metro areas across the United States a one-time cash payment in exchange for a share in a percentage of their home’s future appreciation or depreciation. Noah’s roster of investors includes Union Square Ventures, Tribe Capital, Breega Capital, and Techstars Ventures. For more information visit www.noah.co.
License
CA DRE Lic. 00919580
Company Size (Number of Employees)
25
Year Established
2016
Office Locations
San Francisco Headquarters576 Sacramento Street, 4th Floor, San Francisco, California 94111
New York Office
594 Dean Street, New York, NY 11238
Primary Capital Source
- Other Private Lending Companies
Alternative Capital Sources
- Own Funds
- Individual Investors
- Family Offices
- Private Equity Funds
- Hedge Funds
- Asset Management Companies
Loan Structure for Majority of Loans
- Table Funding with Capital Partner
Company’s Other Business Activities Besides Private Mortgage Lending
- Residential Real Estate Investing
Percentage of Loans Secured by Residential Property
100%
Percentage of Residential Property Loans Which are Fix and Flip
5%
Percentage of Residential Property Loans Which are Buy and Hold
2.5%
Percentage of Residential Property Loans Which are Owner-Occupied
90%
Percentage of Residential Property Loans Which are Long-Term Rental (5+ years)
2.5%

Sahil Gupta
Founder

Jaime Rivera
Home Advisor

Franco Salazar
Home Advisor

Sang Hua
Home Advisor

"Their plan allowed me to use funds to pay off high interest loans and remodel my home. We have no problem sharing any gains in equity on our home with a company that provided us with funds in a manner that was so easy and required so little effort on our part."
Our Minimum Loan Amount Is
$30,000
What We Do
- Single Family Homes and Condos
- Equity Cash Out with No Monthly Payments
- 2nd or 3rd Lien Position
- Homeowners or Investors with Good Credit
- CLTV up to 80%
Not Available
- NO Property Purchases - cash out only
- NO Distressed Borrowers
- NO Land or Commercial Property
Loan Request
Our Minimum Loan Amount Is
$30,000
What We Do
- Single Family Homes and Condos
- Equity Cash Out with No Monthly Payments
- 2nd or 3rd Lien Position
- Homeowners or Investors with Good Credit
- CLTV up to 80%
Not Available
- NO Property Purchases - cash out only
- NO Distressed Borrowers
- NO Land or Commercial Property