Nada vs Hometap (2026): Which 10-Year Home Equity Option Fits You?
The Scout Executive Summary
- Both run on a 10-year clock, and that is the thing to plan around. Neither Nada nor Hometap offers a long runway. You settle within ten years by selling, refinancing, or buying the agreement out, so if your horizon is longer than that, neither of these is the right shape.
- Nada reaches further down on credit and further into rental property. Nada advertises eligibility from a 500 credit score and may consider investment and rental properties as well as primary homes, subject to property, equity, title, and state requirements. Hometap looks for a 585 minimum credit score, among other criteria.
- Hometap’s legal matters are worth considering alongside its product terms. Hometap faces a Massachusetts Attorney General action and New Jersey consumer litigation. The matters remain unresolved, and Hometap denies wrongdoing.
In this Article
- Nada vs Hometap at a Glance
- How Do Nada and Hometap Work?
- How Much Cash Can Each One Actually Give You?
- Nada vs Hometap: Which One Costs More?
- How Do the Terms and Exit Options Compare?
- Which Is Easier to Qualify For?
- Which One Works With Rental and Entity-Held Property?
- Where Can You Get Each One?
- What Should You Know About Hometap’s Litigation?
- Which Is the Better Fit for You?
- When Is Neither One the Right Answer?
- Frequently Asked Questions
Nada and Hometap both provide a lump-sum advance tied to a future settlement based on your home’s value. Neither agreement requires scheduled monthly payments, and neither uses a stated interest rate. They are closer to each other than most pairings in this category, including on the term, so the differences that matter are narrow and specific.
This guide sets them side by side and works the access math on an Arizona home. Every figure here can change, so confirm current terms with each company before you sign. If you are still narrowing down providers, see the full roundup of top HEI companies in Arizona.
Nada vs Hometap at a Glance
Nada is the more accessible of the two on credit and property type. Hometap has the wider footprint. Terms current as of October 2026; confirm directly.
| Feature | Nada | Hometap |
|---|---|---|
| Product name | Home Equity Agreement (HEA) | Home Equity Investment (HEI) |
| Cash you could access | Up to $600,0001 (up to 30% of home value) | Up to $600,000 (up to 27% of home value) |
| Combined lien limit | Combined loan-to-value up to 75% | Requires at least 25% equity |
| Minimum investment | Confirm current minimum | $15,000 (varies by state) |
| Term length | 10 years | 10 years |
| Early settlement | No penalty for settling early | Settle any time within the 10-year term |
| Minimum credit score | 500 | 585, among other criteria |
| Income requirement | No minimum income requirement | No income requirements |
| Minimum home value | Around $175,000 | Confirm directly |
| Primary residences | Yes | Yes |
| Rentals and investment property | Yes | Confirm directly |
| LLC or irrevocable trust title | Confirm directly | Confirm directly |
| Property types | Single-family, townhomes, site condos, 2 to 4 units | Single-family, condos, 1 to 4 units, manufactured homes that meet certain criteria |
| Up-front fee | Origination in the 4% to 5% range, plus closing costs | 4.5% of the Investment amount, plus third-party closing costs |
| States available | About 14, including Arizona | 27 states, including Arizona |
| Founded | 2018 | 2017 |
1 Funding amount is subject to eligibility, property value, and available equity; not all applicants will qualify for the maximum.
Terms current as of October 2026; confirm directly.
Nada vs Hometap Provider Snapshots
The widest door on credit and property type.
How it works: A lump-sum advance in exchange for a future settlement amount tied to your home’s value. The agreement generally must be settled within ten years through a sale, refinance, or cash settlement. There are no scheduled monthly payments or stated interest rate. Your obligation under the agreement applies regardless of whether the property appreciates. Nada records a second lien. You remain responsible for property-related obligations and for meeting the agreement’s requirements.
Strengths
Credit from 500, with no minimum income requirement
Works with rentals and investment property, not only primary homes
Access up to 30% of home value, the higher of the two
Tradeoffs
Operates in about 14 states
Ten-year term gives no long runway
Broader reach, tighter credit floor.
How it works: A lump-sum advance in exchange for a future settlement amount tied to your home’s value, settled within ten years through a sale, refinance, or cash buyout. There are no scheduled monthly payments or stated interest rate. Hometap records a lien through a mortgage or deed of trust.
Strengths
Operates in 27 states, roughly double Nada’s footprint
Publishes its pricing structure and an 18.5% annual cap
Tradeoffs
585 minimum credit score, among other criteria
Active Massachusetts AG action and New Jersey class action
Curious whether Nada fits your situation? You can check your estimate in minutes with no impact on your credit. See your Nada estimate.
Featured Partners · No Monthly Payments
- Qualify in minutes. No credit impact.
- Close in as little as 3 weeks1
- 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.
Terms and conditions apply. Not all homeowners will qualify. Not available in all states. NMLS #1993600, www.nmlsconsumeraccess.org. See nada.co for complete details.
How Do Nada and Hometap Work?
Both providers offer a lump sum in exchange for a future settlement amount tied to the home’s value, and both secure the agreement with a recorded lien against your property. Neither requires scheduled monthly payments or uses a stated interest rate. With either company your obligation applies regardless of whether the property appreciates, so do not read the absence of a monthly payment as an absence of risk. You remain responsible for your existing mortgage, property taxes, insurance, and maintaining the property as required by the agreement.
Check your baseline eligibility with no credit impact.
Nada calls its product a Home Equity Agreement, or HEA. Hometap calls its product a Home Equity Investment, or HEI. These are two names for the same category of product, alongside Equity Sharing Agreement, which is what Unison uses. The label alone does not tell you the terms that determine cost and flexibility.
With either company, plan for a settlement event within the ten-year term. Depending on the agreement and your circumstances, this may involve selling the home, refinancing, or using cash to buy out the provider’s interest. Do not assume the agreement guarantees that you can remain in the home indefinitely without a sale. Hometap is settled in full in one payment; confirm Nada’s partial-settlement policy directly.
The mechanics differ. Hometap publishes its pricing structure: its share is 1.65x the share of home value you access if you settle in years 0 to 5, and 1.80x in years 6 to 10, capped at 18.5% a year, compounded monthly. Nada sets its share in your offer.
Scout’s Tip: Ask each for a written settlement example at several appreciation rates before you decide. A written illustration on your own home is the best way to compare the number that actually drives your cost.
How Much Cash Can Each One Actually Give You?
Two ceilings sit over every offer, and you get whichever one is lower: the provider’s own cap on how much of your home it will invest in, and the equity you have to leave behind.
See if an HEI is right for you and check your estimate today.
Nada invests up to 30% of your home’s value, Hometap up to 27%. Both want roughly a quarter of the home left untouched, so the cash is also capped at about 75% of value minus whatever you still owe. On a $700,000 Scottsdale home, that means $210,000 and $189,000 from the caps, against an equity ceiling that shrinks with every dollar of mortgage.
Which ceiling is doing the work depends entirely on how much you still owe:
| Mortgage balance | Nada would offer | Hometap would offer | What is capping you |
|---|---|---|---|
| $200,000 | $210,000 | $189,000 | Each provider’s own cap |
| $350,000 | $175,000 | $175,000 | The equity you must keep |
| $450,000 | $75,000 | $75,000 | The equity you must keep |
Below about $315,000 owed, each provider’s own cap is the binding limit and Nada’s higher one is worth up to $21,000 more to you. Above about $336,000, the equity rule takes over, both run into the same wall, and the difference disappears. So if you owe more than about 45% of your home’s value, 30% versus 27% is not a reason to pick one over the other.
Figures are illustrative and are not an offer from either company. Your real number also depends on each provider’s own valuation of the home, existing liens, property eligibility, and underwriting. Run your own numbers with the Arizona home equity calculator first.
Nada vs Hometap: Which One Costs More?
Neither can be pinned to a fixed price, because the largest cost is not the fee. It is the share of your home’s value due at settlement, and only Hometap publishes how it calculates that share.
Get a preliminary funding estimate with a brief digital check.
What you can compare is the front end. Nada’s origination runs in the 4% to 5% range plus third-party closing costs such as appraisal, title, and escrow. Hometap charges a fee equal to 4.5% of the Investment amount, plus appraisal and third-party closing costs, deducted at funding.
The larger cost driver for both is the ten-year clock. Because settlement is compulsory within ten years rather than optional, your cost is set by whatever your home is worth at that point rather than by a moment you choose. A homeowner who would have waited out a soft market does not have that option here. That is a structural feature of both agreements and not a knock on either company.
The reliable approach is to request a written settlement illustration from each at 3%, 5%, and 7% annual appreciation over the full ten years, using the same home value and the same cash amount. If either company will not provide a written illustration, treat that as a reason to proceed cautiously.
How Do the Terms and Exit Options Compare?
This is the section where the two are most alike. Both run ten-year terms. Nada does not charge a penalty for settling early; Hometap lets you settle any time within the 10-year term. Hometap is settled in full in one payment, and Nada’s partial-settlement policy should be confirmed directly.
Check your baseline eligibility with no credit impact.
The ten-year window is the thing to plan around. If your home has not grown much when the term ends, or your finances are tight at that moment, you still have to settle by selling, refinancing, or paying cash. Refinancing into a higher rate environment to settle an agreement is a real scenario worth thinking through in advance.
If a longer runway matters to you, the comparison you want is not this one. Splitero vs Hometap covers a provider offering terms up to 30 years against Hometap’s ten.
Nada vs Hometap: Which Is Easier to Qualify For?
Nada, primarily on credit. Nada accepts scores from 500 and states it has no minimum income requirement, though it does verify employment and that your mortgage and property taxes are current. Hometap looks for a 585 minimum, among other criteria.
See if an HEI is right for you and check your estimate today.
For a homeowner sitting below that range, the gap decides the question outright. Above it, credit stops being the deciding factor and property type takes over.
Nada also uses a soft credit pull at the eligibility stage, so checking whether you qualify does not affect your score.
Featured Partners · No Monthly Payments
- Qualify in minutes. No credit impact.
- Close in as little as 3 weeks1
- 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.
Terms and conditions apply. Not all homeowners will qualify. Not available in all states. NMLS #1993600, www.nmlsconsumeraccess.org. See nada.co for complete details.
Which One Works With Rental and Entity-Held Property?
Nada is the more flexible of the two on property type, and this is the difference most likely to decide a real application.
Find out how much equity you can access with a pre-qualification.
Nada may consider primary residences as well as investment and rental properties, subject to its eligibility criteria, and eligible property types include single-family homes, townhomes, site condos, and 2 to 4 unit properties. Hometap invests in single-family homes, condos, 1 to 4 unit properties, and manufactured homes that meet certain criteria; confirm occupancy requirements directly.
Title vesting is worth confirming with both. Neither company spells out trust and LLC vesting rules in full, so confirm it in writing rather than assuming either way. Our guide to HEI approval for property in an LLC or trust covers what underwriting asks for and which providers publish what.
If your rental sits inside an LLC, confirm eligibility with both companies before you apply.
Where Can You Get Each One?
Hometap operates in 27 states, including Arizona. Nada currently operates in about 14 states including Arizona, with expansion announced.
Both serve Arizona, so Valley homeowners can compare real offers rather than being limited to one. Outside Arizona, check each company’s current state list directly rather than relying on any comparison table.
What Should You Know About Hometap’s Litigation?
Hometap is facing active legal challenges, and that belongs in your decision alongside the product terms.
The Massachusetts Attorney General brought an action against Hometap in February 2025, and a motion to dismiss was subsequently rejected, allowing the case to proceed. Hometap’s Massachusetts availability has reportedly changed; confirm current status directly. A separate class action, Greenidge v. Hometap, was filed in New Jersey in February 2026. Both matters are unresolved, and Hometap denies wrongdoing.
Unproven allegations are not findings, and we are not in a position to predict outcomes. What we would say is that the results could affect applicable disclosures, enforcement, or product practices, not only in the states where the cases were brought. Read your agreement closely, ask Hometap directly about the litigation, and consider independent legal advice before signing.
Litigation involving the legal classification and disclosure of home equity agreements is not limited to Hometap. Unison is facing comparable challenges, covered in our Unison review. Legal claims, facts, procedural status, and applicable state law vary case by case. This section addresses publicly reported Hometap-related matters; it is not a comprehensive review of litigation involving Nada, Hometap, or the broader HEA and HEI category.
Which Is the Better Fit for You?
Both are ten-year agreements with no monthly payment, so the right pick turns on credit, property type, and where you live.
If Nada looks like the better match, checking your estimate takes a few minutes with no impact on your credit. See what Nada might offer.
When Is Neither One the Right Answer?
The ten-year term is the common limitation, and it rules this pairing out for a large group of homeowners.
If you expect to stay in the home longer than ten years and do not want a forced settlement at the end of it, look at providers with terms up to 30 years; our Point vs Splitero comparison covers two of them. If you need to draw money repeatedly rather than once, no agreement in this category does that and a line of credit is the right shape; see the Arizona HELOC guide. And if you can comfortably carry a monthly payment, a home equity loan will usually cost less than sharing appreciation, which our Arizona home equity rates page tracks.
Scout’s Tip: Not sure this category is the right path at all? Our Arizona home equity rates page tracks today’s HELOC and home equity loan pricing for local homeowners, so you can weigh a monthly-payment option before agreeing to share your home’s future value.
Related comparisons
- Full Nada review
- Full Hometap review
- Full Splitero review
- Full Point review
- Full Unison review
- Nada vs Splitero comparison
- Splitero vs Hometap comparison
- Hometap vs Unison comparison
- Point vs Splitero comparison
Nada vs Hometap Frequently Asked Questions
Check your baseline eligibility with no credit impact.
Nada. It accepts credit scores as low as 500, while Hometap looks for a 585 minimum, among other criteria. If your score falls below that range, Nada is the more realistic option of the pair, subject to its other eligibility requirements.
Yes. Both run ten-year terms, and both require you to settle within that window by selling, refinancing, or buying the agreement out. Nada does not charge a penalty for settling earlier; Hometap also lets you settle any time within the 10-year term.
Nada may consider investment and rental properties as well as primary residences, subject to its eligibility criteria. Hometap invests in single-family homes, condos, 1 to 4 unit properties, and manufactured homes that meet certain criteria; confirm occupancy and title requirements directly. Confirm your specific property with each company.
It depends on your mortgage balance. Nada allows up to 30% of home value against Hometap’s 27%, but both work to roughly a 75% combined loan-to-value ceiling. On a $700,000 home, Nada’s higher cap produces up to $21,000 more while your mortgage is under roughly $315,000. Above that, the two converge.
Nada states its initial credit check is a soft pull, so checking eligibility does not affect your score. Hometap lets you see if you pre-qualify in seconds; a soft credit pull is required to move forward, and a hard pull may follow.
Yes. The Massachusetts Attorney General brought an action in February 2025 and a motion to dismiss was rejected. Hometap’s Massachusetts availability has reportedly changed; confirm current status directly. A separate New Jersey class action, Greenidge v. Hometap, was filed in February 2026. The matters are unresolved and Hometap denies wrongdoing.
Yes, both operate in Arizona, so Valley homeowners can compare offers rather than being limited to one.
Neither agreement requires scheduled monthly payments, and neither uses a stated interest rate. Instead, you settle under the agreement’s terms, typically through a sale, refinance, or cash buyout, within the ten-year term.
That is the question to ask both companies directly and in writing before you sign, because the answer determines your worst case. Depending on the agreement and your circumstances, selling the property may be necessary to settle it. Refinancing also may not be available, or available on favorable terms, when the ten-year term ends. Neither company should be understood as promising you will never have to sell.
Yes. Nada uses Home Equity Agreement, Hometap uses Home Equity Investment, and Unison uses Equity Sharing Agreement. All three describe the same category. The differences that matter are the share, the term, and the eligibility rules, not the name.
Terms and conditions apply. Not all homeowners will qualify. Not available in all states. NMLS #1993600, www.nmlsconsumeraccess.org. See nada.co for complete details.
EquitySquirrel is an educational resource operated by Scout Media LLC, not a lender or home equity agreement provider. This content does not constitute financial, legal, or investment advice. Terms vary by provider and are subject to change; confirm current terms directly. Calculations shown are illustrative and do not represent an offer from any provider. Consult a licensed financial professional before making decisions about your home equity. Aleksandra Kadzielawski, Lic #SA694336000.
