Nada
Access up to $600,000* and use for anything
Updated October 29, 2026 · By the MoneyAtlas Editorial Team
on Nada's site
Category Ratings
Pros
No monthly payments: You get a lump sum without adding a payment, and your existing mortgage and its rate stay in place.
Low credit floor: Nada accepts scores from 500 and has no minimum income requirement, which opens the door for many self-employed homeowners.
Large funding amounts: Up to $600,000, or 30% of your home's value, is among the highest limits for home equity investments.
Cons
Owed regardless of appreciation: Nada's share applies to the home's value at settlement, so a flat market still costs you real money.
Expensive early exits: Settle in the first few years and your cost can reach the 19.99% annualized cost limit.
Limited footprint: Only 12 states, a $175,000 minimum home value, and no traditional condos or manufactured homes.
Why we rate it 4.6/5
Worth it if you have 500+ credit, solid equity, and plan to keep the agreement for several years. Skip it if you may need to settle within about three years or live outside Nada's 12 states.
Fees of 4.9% plus third-party costs come out of your cash, and the 1.85 exchange rate means an early exit can hit the 19.99% yearly cost cap.
$20,000 up to $600,000, limited to 30% of the home's value, which is at the top of the HEI range.
A 500 credit score floor and no minimum income requirement are lenient, but only 12 states and no traditional condos.
A 10-year term you can settle early with no prepayment penalty, by sale, refinance, cash, or a new agreement.
Nada publishes its fees, exchange rate and cost cap, but some figures differ between its own pages, so check your offer.
At a Glance
How Nada Works
Nada's product is a home equity agreement, a type of home equity investment. Nada gives you a lump sum now. In exchange, it receives a fixed percentage of your home's value when the agreement ends. You keep living in the home and keep your existing mortgage and its rate. Nada records a lien behind your mortgage, or in first position if you own the home outright.
The percentage Nada receives is set by an exchange rate that starts at 1.85. If you take cash equal to 10% of your home's value, Nada's share is 18.5%. That share does not grow after closing. You can use the money for anything, from debt consolidation to a renovation.
How to Get Cash From Nada
- 1
Check your eligibility
Answer a few questions about your home and mortgage. Nada uses a soft credit pull, so checking has no effect on your credit score.
- 2
Get your offer
Nada values your home, usually with an automated valuation model, and sends a personalized offer based on your home's value and equity. A Dedicated Equity Advisor works with you through the process.
- 3
Sign and receive your cash
Once you sign the agreement, Nada deducts its fees and closing costs and sends the rest as a lump sum. Nada says you can close in as little as 3 weeks.†
- 4
Settle when you are ready
Within the 10-year term you settle by selling the home, refinancing, using cash, or entering a new agreement. There is no prepayment penalty for settling early.
What Nada Costs
Nada charges no interest and no monthly payments. You pay in two ways: upfront fees taken out of your cash at closing, and Nada's share of your home's value at settlement. Nada's pricing lists a 3.00% origination fee, a 1.50% underwriting fee and a 0.40% processing fee. Third-party costs such as title, inspection, valuation, notary and recording are extra, and Nada's own FAQ puts total fees at roughly 4% to 7%.
Worked example: your home is worth $500,000 and you take $50,000, or 10% of its value. At the 1.85 exchange rate, Nada's share is 18.5%. The three Nada fees total $2,450, so you receive about $47,550 before third-party costs.
These figures are MoneyAtlas estimates using Nada's published exchange rate and annualized cost limit. Your offer may differ. Two points stand out. First, you owe Nada its share whether or not the home appreciates: even with a flat home value, the example settles at $92,500 on $50,000 of cash. Second, the 19.99% annual cap is what limits an early settlement, so the first few years are the most expensive time to exit.
If you would rather keep all of your home's future value and can handle a monthly payment, compare this with a home equity line of credit.
Eligibility and Where Nada Operates
Homeowner and property requirements
- Credit score of 500 or higher for primary and second homes, 620 for investment properties
- More than 25% equity, meaning your mortgage is under 75% of the home’s value
- Current on your mortgage, with proof of employment (no minimum income requirement)
- Home value of at least $175,000 on 20 acres or less
- No foreclosure, short sale or deed-in-lieu in the last 5 years, and no bankruptcy in the last 18 months
Property types
Single-family homes, townhomes, PUDs, site condos and multi-family homes up to 4 units qualify. Traditional condos, co-ops, condotels, mobile or manufactured homes, timeshares, and land zoned commercial or agricultural do not.
Your obligations during the agreement
You stay responsible for the home. The agreement requires you to maintain the property and stay current on your mortgage and property taxes. At the end of the term you must settle, and if you cannot refinance or pay cash, that can mean selling the home.
States where Nada offers HEAs
Who Nada Is For
Good fit: homeowners with real equity and credit in the 500s or 600s who want a large lump sum without a new monthly payment, who want to keep a low mortgage rate, and who expect to hold the agreement for years rather than months. Self-employed homeowners with uneven income may also find it easier to qualify.
Look elsewhere: if you might sell or refinance within about three years, the cost cap makes Nada expensive. If you live outside Nada's states, Point and Unlock cover other markets, and the full home equity investment comparison shows every option we review.