Check your Eligibility
Nada makes home equity access easy and affordable for more homeowners—your equity, your way. Learn more about our most recent eligibility criteria below.
Current Availability
Primary and Investment Homes
Investment Homes Only
Homeowner Eligibility
- ✓
Proof of employment, no minimum income requirement
- ✓
No asset requirements
- ✓
500 minimum credit score
- ✓
Nada can record as a junior lien behind your mortgage or in the first position if you don't have one.
- ✓
Primary, secondary, and investment properties eligible
Property Eligibility
- ✓
Eligible states are AZ, CA, AR, CO, FL, KS, LA, MI, OK, OR, PA, WA
- ✓
Appraised value of $175,000 or more
- ✓
Maximum investment of 30% of your home value or $500,000 (minimum investment of $20,000)
- ✓
Eligible property types are single-family, PUDs, Site Condos, Townhomes, and Multi-family (up to 4 units)
Current Ineligibility
Foreclosure, short sale, or deed-in-lieu of foreclosure in the last 5 years
Chapter 7 bankruptcy discharged in last 12 months or dismissed in last 3 months
Chapter 11 or 13 bankruptcy discharged and dismissed in last 3 months
Not current on mortgage
Property types such as co-ops, condotels, traditional condos, mobile/manufactured homes, timeshares
Properties zoned for commercial or agricultural use
Properties over 20 acres
Common Questions
Will my credit be pulled?
Nada performs a soft credit pull during the application process. This does not impact your credit score.
Are there restrictions on what I can use the cash for?
No, there are no restrictions. You can use the cash for anything you choose, whether it's home improvements, debt consolidation, investments, or personal expenses.
How do I pay off Nada’s home equity agreement?
You can pay off Nada’s Home Equity Agreement by selling your home, refinancing, or buying out the agreement at any time during the term. Nada can assist you with either selling or refinancing your home to help settle the agreement.
