Last Updated: 02/03/2026
Unlock Home Equity Agreements
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Last Updated: 02/03/2026
SuperMoney User Recommendation Score +42
Mostly recommended48 total votes
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Highlights
Community Rating
Mostly recommended
Credit Score Range
Starting at 500
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Funding Range $
Up to $500,000
Funding Range %
Up to 38.8%
Contract Term
10
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Number of Reviews
Unlock Home Equity Agreements Review
Unlock Home Equity Agreements is offered by Unlock (NMLS #2657081), a nonbank financial services provider founded in 2020 and based in Tempe, AZ. Unlock are available in 26 states and Washington, DC.
Key Takeaways
- Poor credit accepted. Homeowners with a credit score as low as 500 can qualify with Unlock Home Equity Agreements.
- Eligibility requirements: Homeowners must have no bankruptcy, foreclosure action, short sale, or deed in lieu within the previous five years. Also, there must be no 90-day delinquencies on any mortgage within the prior 24 months, and no 120-day delinquencies on any mortgage within the prior 36 months.
- Property value range. Unlock considers properties with values ranging from $300,000 to $3,000,000.
- Maximum investment of $500,000. Your actual offer will depend on your home's value and how much equity you have in the property.
- 10-year term. The investment has a contract term of 10 years, at which time you'll need to settle up with Unlock.
- Home improvement credit. Unlock recognizes money you invest in eligible home improvements and adjusts the ending value so it doesn’t take a share of the value you added.
- Share of the home's future value. Unlock Home Equity Agreements gets paid a share of the home's value when the contract ends, ranging from 5% to 43.75%.
- Cash-out only. Existing homeowners can access up to 38.8% of their property's value.
- Only available in select states. Unlock Home Equity Agreements is currently available in a limited number of states.
Unlock Home Equity Agreements Pros & Cons
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Unlock Home Equity Agreements FAQ
How does the Unlock Home Equity Agreements product work?
A shared equity agreement (also called a shared appreciation agreement or home equity contract) is a way to sell a portion of the equity in your home to an investment company.
As a home equity loan alternative, the Unlock Home Equity Agreements product allows you to tap into your home equity without the monthly payments associated with traditional loans or HELOCs.
The transaction is secured by a lien on your property, but instead of paying interest or monthly payments, the investor receives a share of your home’s value when the agreement ends.
How much will Unlock invest?
Unlock offers equity investments of up to 38.8% of a property's value. The maximum investment in a single home is $500,000.
While Unlock Home Equity Agreements is not a loan, the maximum loan-to-value ratio is 80%. This means the total of the investment plus any existing mortgage balance cannot exceed that percentage of the property’s value.
| Term | Amount |
What are the costs associated with Unlock Home Equity Agreements?
Shared equity investments do not charge interest or require monthly payments. Instead, the investor earns a return based on the future value of your home.
At settlement, the investor receives an agreed-upon percentage of the home’s value.
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Origination Fee (%) | 3% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Share of Home Value | 5% - 43.75% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What are the terms for a shared equity agreement?
You can use the funds for up to 10 years.
When the term ends, you must settle the agreement by returning the investment, selling the home, refinancing, or partnering with the investor for another term.
The settlement amount is based on the agreed-upon percentage of your home’s value at the time of settlement.
How long does it take to close?
Funding typically occurs within 30 days.
What types of property are eligible?
Intended Use- Primary home
- Single-family home
- Multi-family home
- Townhome
Is Unlock a legit company?
Unlock was founded in 2020. It is an established company that has been in business for 6 years. Based on their "mostly recommended" SuperMoney community rating, they seem to be a reputable company.
Unlock Home Equity Agreements Disclosure: Terms and Conditions Apply. Not all homeowners will qualify. Not available in all states Home equity agreements are offered by Unlock Home Equity Solutions, Inc. In certain states NMLS #2657081 - HTTPS://NMLSconsumeraccess.org/ for more info.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
