Our application process makes it simple for you to provide the details we need to approve you for financing. Below are our eligibility guidelines for a home value investment from Noah, which may be updated at any time.
Your property value must be within our investable home value range, generally $175,000 to $3,500,000.
You must own at least 15% of the equity in your property at the time of application. The actual lien-to-value (LTV) limits are determined by a variety of factors including but not limited to credit score.
You must not have more than two existing liens on your property, including mortgages and HELOCs. If you have more than two liens, you must use your Noah investment to pay them off.
Your property cannot be subject to an active foreclosure or bankruptcy proceeding.
Your property cannot have a lien on it from a private money lender or private mortgage. If it does, those liens will need to be paid off using your Noah investment.
Your mortgage and home equity liens should all be reporting to your credit report on an ongoing basis.
Your property should not be under major construction at the time of application, beyond ongoing home repairs and minor renovations.
Your property cannot be a land lease or a cooperative housing unit (co-op).
You must have a minimum credit score of 580 (we base this on an average of the three national credit bureaus).
You do not have multiple 60-day or 90-day delinquencies on your credit report.
You are able to verify sufficient income or savings to cover your current mortgage and debt obligations.
Your debt-to-income ratio is 60% or less. If your DTI is above 60%, your Noah investment must be used to pay down debt.
You are not currently in an active bankruptcy proceeding.