Field Report · HEI Provider · Verified
Nada Review 2026: Fees, Terms, and Is It Worth It?
- Affordability
- Terms & Lending Flexibility
- Customer Experience
- Trustworthiness
- Nada’s Home Equity Agreement gives you up to $500,000 in cash with no monthly payments and a credit minimum around 500.
- The term is 10 years, shorter than some providers, and you can buy back your share at any time with no prepayment penalty.
- Nada values your home at its full appraised value and uses an ‘exchange rate’ to determine its share of the home’s future value.
- Fees paid to Nada are capped at 4.9% of the amount you receive, one of the more transparent fee structures in the category.
Nada is a home equity investment company whose Home Equity Agreement (HEA) provides upfront cash up to $500,000 in exchange for a share of your home’s future value, requiring zero monthly payments.
This Nada review covers the homeowner-facing Home Equity Agreement, not Nada’s separate Cityfunds investor platform, and is scored on our four-pillar HEI framework, including affordability, terms and lending flexibility, customer experience, and trustworthiness. You can also see how it stacks up in our top Arizona HEI companies roundup.
What Are Nada’s Key Terms in 2026?
Nada offers up to $500,000 with no monthly payments, a 10-year term, and a minimum credit score around 500.
| Term | Nada |
|---|---|
| Product type | Home Equity Agreement (HEA / HEI) |
| Max investment | Up to $500,000 (up to 30% of your home’s value) |
| Term length | 10 years (renewable) |
| Min. credit score | ~500 (among the lowest available) |
| Min. equity required | About 25% after funding (75% max CLTV, among the highest in the category) |
| Fees to Nada | 4%–5% origination, capped at 4.9% total (verified Aug 2026) |
| Home valuation | Full appraised value used; Nada’s share set via an exchange rate |
| Annualized cost cap | 19.99% (or your state maximum, whichever is lower) |
| Monthly payments | None |
| Income / DTI requirement | None |
| Property types | Primary, second homes, townhomes, PUDs, site condos, and 1–4 unit properties |
| Arizona available? | Yes |
All terms subject to change. Verify directly with Nada before relying on them. Figures verified .
Those are the standard terms. Your actual offer depends on your home’s value, equity, and credit. Nada’s estimate shows your specific numbers with only a soft credit check. See your Nada estimate.
Featured Partners · No Monthly Payments
Best Overall
- Qualify in minutes. No credit impact.
- Close in as little as 3 weeks1
- Access up to $600,000
- Flexible credit terms
- Credit scores starting at ~500+
- Access up to $600,000
- MaturityMatch™ term alignment
- Keep your low-rate mortgage
- Access up to $500,000
1 “Close in as little as 3 weeks” reflects the average timeline under standard conditions. Actual timelines vary based on documentation, title, property location, and local recording or notarization requirements. Timing is not guaranteed.
What Are the Pros and Cons of Nada?
Pros
- Low credit minimum, around 500, with no income or DTI requirement
- No monthly payments, and you can buy back your share anytime with no prepayment penalty
- Fees paid to Nada are capped at 4.9% of the amount you receive
- Nada is also a licensed brokerage in some states and can help with your refinance or sale exit
Cons
- Its 19.99% cost cap sits on the higher end among providers that publish one
- Shorter 10-year term than some providers, and repayment is a lump sum
- A younger, smaller provider available in a limited set of states
Is Nada a Good Home Equity Investment Company?
Nada is a solid option for homeowners who want flexible qualification and a capped, transparent fee structure, though it’s a younger, smaller provider with a 10-year term. It is available to Arizona homeowners.
Its standout strengths are a 500 credit minimum, no income requirement, and a fee paid to Nada that is capped at 4.9% of the amount you receive. The main things to understand are how Nada’s exchange rate sets its share of your home’s future value and that the standard 10-year term ends in a lump-sum settlement. For homeowners who can’t qualify for a HELOC or can’t absorb another monthly payment, it’s worth considering, and one of several Home Equity Investment providers available in Arizona.
Curious whether Nada fits your situation? You can see if you pre-qualify in about two minutes. Check your eligibility with Nada.
How Does a Nada Home Equity Agreement Work?
A Nada HEA gives you cash today in exchange for a share of your home’s future value, with no monthly payments and a 10-year term you can settle early at any time.
Nada values your home and uses an exchange rate to determine its share of the future value, so it helps to follow the steps in order. Here’s how it moves.
Application with a soft credit pull
You apply online and submit your documents. Nada runs a soft credit pull that doesn’t affect your score, and a hard pull happens only later, with your consent, if needed. There’s no income or DTI requirement, and Nada accepts credit scores as low as 500.
Nada values your home and sets its share via the exchange rate
Nada values your home at its full appraised value and uses an exchange rate to determine its share of the home’s future value.
A second lien, then your lump sum
The agreement is recorded as a second lien behind your first mortgage, so your existing mortgage and its rate stay in place. You receive your cash in a lump sum, with fees deducted from your proceeds. Fees paid to Nada are capped at 4.9% of the amount you receive, plus standard third-party costs like title, inspection, and notary.
10 years, then buy back or settle
For 10 years you make no monthly payments and accrue no interest, and Nada shares in your home’s gain or loss. You buy back your share at any time with no prepayment penalty, or settle by selling or refinancing, and Nada’s brokerage can help with that exit in states where it’s licensed. Your cost is capped at 19.99% annualized, or your state maximum if lower. If you reach 10 years without settling, you can sell, refinance, or start a new 10-year agreement.
Debating between a HELOC and Nada’s HEI? If you’re holding a mortgage rate below 4%, replacing it with a cash-out refinance at today’s rates can add over $1,000/month to your housing costs. To see how an 8.5% standalone HELOC compares to a $0-monthly-payment option like Nada, read our full breakdown: HELOC vs. Cash-Out Refinance: Payment Math (2026 Guide)
Phase 1 is that quick check with no impact on your credit. See where you’d land before committing to a full application. Start your Nada estimate.
How Affordable Is Nada?
Nada’s affordability rests on a capped, transparent fee and no monthly payments, offset by the exchange rate that determines Nada’s share of your home’s future value.
There’s no interest and no monthly bill. Nada charges a 4% to 5% origination fee and a processing fee of up to $750, and it caps the total paid to Nada at 4.9% of the amount you receive, which is a clearer ceiling than many providers publish. Standard third-party costs (title, inspection, notary) are deducted from your proceeds as well.
The detail to slow down on is how Nada values your home. Nada uses an ‘exchange rate’ to set its share of your home’s future value based on the appraised value, so it’s worth confirming both your appraised value and how the exchange rate affects Nada’s share.
The trade-off cuts the usual way for this product: because Nada is a co-investor rather than a lender, it shares in a loss if your home falls in value, and there’s no prepayment penalty. Nada also caps your total cost at 19.99% annualized, or your state’s maximum if that’s lower. The takeaway is that the capped fee is a real strength, but the exchange rate (and how it affects Nada’s share) is the number to confirm before you sign.
| Cost component | What to expect |
|---|---|
| Fees to Nada | 4%–5% origination + up to $750 processing, capped at 4.9% total |
| Home valuation | Full appraised value used; Nada’s share determined by an exchange rate |
| Cost cap | 19.99% annualized (or state maximum, whichever is lower) |
Verified from Nada’s disclosures and reputable third-party reviews, August 2026. The exact exchange rate and resulting share of future value vary by property and offer, so request a personalized offer and complete cost breakdown before applying.
In high-appreciation Phoenix-metro ZIPs, ask Nada to show you in writing what share of your home’s future value it will hold and how the exchange rate produced that number. Run it against a realistic appreciation rate before you sign.
How Flexible Are Nada’s Terms?
Nada is accessible on who can qualify and flexible on early payoff, but its 10-year term and limited footprint are the constraints.
On qualification, it’s open to homeowners many lenders turn away: a credit score around 500, no income or DTI requirement, and eligibility for primary homes, second homes, townhomes, PUDs, site condos, and one-to-four-unit properties. Funding runs up to $500,000, capped at 30% of your home’s value, and because Nada is also a licensed real estate brokerage in some states, it can help you sell or refinance when you exit.
Where it’s tighter is the term and the reach. The 10-year term is shorter than the longest-horizon providers, repayment is a lump sum rather than partial buybacks, and Nada operates in a limited set of states. For a homeowner with a clear medium-term plan that structure works well; for someone who wants a longer runway or to pay the balance down in pieces, another provider may fit better.
See if you pre-qualify for an HEI from Nada in minutes. Check your eligibility with Nada.
If you reach the end of your 10-year term without selling or refinancing, Nada lets you apply for a new 10-year agreement. Confirm the terms of any renewal with Nada, since a new agreement resets pricing based on your home’s value at that time.
Featured Partners · No Monthly Payments
Best Overall
- Qualify in minutes. No credit impact.
- Close in as little as 3 weeks1
- Access up to $600,000
- Flexible credit terms
- Credit scores starting at ~500+
- Access up to $600,000
- MaturityMatch™ term alignment
- Keep your low-rate mortgage
- Access up to $500,000
1 “Close in as little as 3 weeks” reflects the average timeline under standard conditions. Actual timelines vary based on documentation, title, property location, and local recording or notarization requirements. Timing is not guaranteed.
What Is Nada’s Customer Experience Like?
Nada offers a streamlined, largely digital process with a soft-pull application and the option to handle your exit in-house.
You apply online with a soft credit pull that doesn’t affect your score, and Nada often values your home through a virtual appraisal rather than an in-person visit, which can speed things up. Because Nada is also a licensed mortgage and real estate entity in some states, it can support your refinance or home sale directly when you settle, which few HEI providers can do. Funding timelines depend on how quickly you return documents and on your property and lien situation.
For reputation, Nada holds an A+ accreditation with the Better Business Bureau and positive Trustpilot reviews, though the review count is modest because the company is younger and many customers are still mid-term. Ask questions early and get your valuation and fees confirmed in writing before you commit.
Is Nada Trustworthy?
Nada is a legitimate, institutionally backed provider with strong disclosure practices, balanced by the fact that it’s younger and smaller than most of its peers.
Founded in 2019 and Dallas-based, Nada holds an A+ accreditation with the Better Business Bureau and publishes more of its pricing detail than many providers, including its fee cap and cost cap. It’s backed by institutional investors, closed a Series A financing round in late 2025, and has credit facilities in place to fund its agreements. On the corporate side, Nada Realty is a licensed Texas real estate brokerage, and its lending entity, Nada Loans LLC (NMLS #1993600), is the licensed mortgage originator; note that Nada’s own disclosures tie that license to specific states, so confirm the licensing that applies to your Arizona agreement before signing.
The honest counterweight is scale and track record. Nada is a newer, smaller company than most of the providers it competes with, with a shorter operating history and its first securitization planned for 2026. Its customer reviews are positive but limited in number. None of that makes Nada unsound, and its disclosures are a point in its favor, but it does mean less of a long-term record to lean on than the larger providers carry. As with any HEI, confirm your specific terms in writing before you sign.
Should You Choose Nada for Your Arizona Home Equity?
Nada is a fit if you want flexible qualification, a capped fee, and the option to have your exit handled in-house, and you’re comfortable with a 10-year horizon.
It’s likely not the right fit if you want the longest possible term, prefer to pay your balance down in pieces, or qualify for a low-rate HELOC you can repay quickly, in which case the HELOC is often the lower total-cost option. See our HEI vs. HELOC cost comparison for the full Arizona math, and our no monthly payment home equity guide for the wider set of options.
In strong-appreciation Maricopa and Pima County markets, the dynamics are especially important: faster home-price growth raises your payoff, so the exchange rate and the 19.99% cost cap are the two factors to weigh most carefully against a variable-rate HELOC.
Curious if an HEI from Nada fits your situation? You can see if you pre-qualify in minutes. Check your eligibility with Nada.
Nada FAQ
Is Nada available in Arizona?
Does Nada require monthly payments?
What credit score do you need for Nada?
How does Nada value my home?
What happens if my home loses value?
How We Rate HEI Companies
EquitySquirrel scores every HEI provider on four core pillars, applied consistently across all companies, to produce a 1 to 5 rating rounded to one decimal.
- Origination/processing fee
- Cost cap / max repayment
- Closing & third-party costs
- Qualification — credit, equity, income/DTI
- Term length + exit/buyout
- Max funding + product breadth
- Application & process convenience
- Contact & support access — chat, phone, email, hours
- On-site offer & cost transparency
- Reputation & complaints — BBB, Trustpilot
- Disclosure clarity
- Legal/regulatory record
How we collect and verify data
We build each score from primary sources first: provider disclosures and pricing pages, CFPB guidance, and state filings, supplemented by reputable third-party reviews for reputation signals only. Every figure carries a dated verification stamp and is re-checked on a recurring basis.
Editorial independence
Our rating is determined solely by this methodology and is not influenced by any affiliate or partner relationship. We may earn a commission when a reader opens an agreement through our links, but that compensation never changes a score, a ranking, or a verdict. We are an independent education platform, not a lender or HEI provider, and we disclose every negative we find, including for providers we have a commercial relationship with.
Educational, not financial advice
This Nada review is general educational information, not personalized financial, tax, or legal advice. A home equity investment is a significant decision, and the right choice depends on your individual circumstances. Consider consulting a qualified financial, tax, or legal professional, and confirm all current terms directly with the provider, before applying.
