Founded in 2021, a Splitero home equity investment (HEI) aims to redefine how homeowners tap into their equity without signing up for monthly payments.
- Receive up to $500K in cash
- No restrictions on how you use your funds
- No income or employment requirements
- Pre-qualify in 2 minutes
State Availability
Arizona, California, Colorado, Florida, New Jersey, Nevada, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, Utah, Virginia, and Washington
Min. Credit Score
500
Min. Home Equity Owned
30%
Funding
$50K — $500K
Funding Time
14 — 30 days
Term Length
Up to 30 years
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NMLS #1610752
Funding
$50K — $500K
$15K – $600K
$15K – $500K
$30K – $500K
Term length
Up to 30 years
10 years
10 years
30 years
credit score
500
600
500
500
Biggest Advantages of Splitero
- No additional monthly payments during the agreement term.
- Repayment terms up to 30 years, longer than the 10-year window most HEI providers offer.
- Flexible qualification with a 500 minimum credit score and no income or employment checks.
- No early repurchase penalties if you exit sooner.
Main Drawbacks of Splitero
- Repayment comes as one lump sum payment through home sale, refinance, or cash buyout.
- You give up a share of your home’s future appreciation.
- Splitero deducts origination, appraisal, title, and closing fees from your payout.
- Available in only 14 states.
How does Splitero work?
Using what’s called a home equity investment (aka home equity sharing agreement or home equity agreement) model, Splitero gives you a lump sum upfront in exchange for a share of your home’s future value. When you sell your home or reach the end of your term, you repay Splitero based on that agreed-upon share.
Learn more in the video below about home equity agreements and find more details in our guide to the best home equity agreements.
No monthly payments
One of Splitero’s main selling points is that it offers a lump sum of cash with no monthly payments. Instead, you repay Splitero later—usually when you sell or refinance—based on an agreed share of your home’s appreciation.
Maturity match
Splitero gives you up to 30 years to repay the investment—much longer than the 10-year term most other HEI companies offer. This is sometimes called “maturity match” because it allows the agreement to align with your existing mortgage.
Live in your home, on your terms
You stay in full control of your home. You can renovate, refinance, or even pay off the agreement early without penalties. Splitero expects you to maintain the condition of your home, but it doesn’t monitor your maintenance or require regular inspections. Their phrasing—“live in your home, on your terms”—reflects this hands-off approach.
Flexible qualification requirements
To qualify, you’ll need at least 30% equity in your home and a credit score of 500 or higher. There are no income or employment requirements, which makes Splitero accessible for homeowners who are retired, self-employed, or between jobs.
Costs and fees
Splitero charges an origination fee (minimum $1,500), plus escrow, title, and closing fees ($500 to $1,500), an appraisal fee ($200 to $700), and a state credit report fee. These are deducted from your payout rather than paid upfront.
Repurchase
To repurchase, you pay Splitero a lump sum based on its initial investment plus its agreed share of your home’s appreciation. You can buy back anytime within the term (up to 30 years) through refinancing, selling your home, or a cash buyout. There are no penalties for early repayment.
How is the final payment calculated?
Splitero appraises your home when you start and again at repurchase. Your payment equals its initial investment plus its share of your home’s appreciation. An annual cap limits rapid appreciation costs. If your home loses value, Splitero shares in the depreciation.
The image below from Splitero’s website provides an example of how a five-year investment could work out:
How does Splitero get funding?
Splitero is backed by major institutional investors. For example, in December 2024, Splitero secured a programmatic capital commitment of up to $350 million from funds managed by Blue Owl Capital’s Alternative Credit strategy. This funding supports Splitero’s ability to provide homeowners with lump-sum cash investments without monthly payments, expanding its capacity to help more homeowners access equity.
The partnership with Blue Owl also enabled Splitero to expand its services into Tennessee and Virginia, continuing its mission to make home equity accessible without debt obligations. See more about Splitero’s funding news.
How does Splitero make money?
Splitero makes a profit by acquiring a percentage share of your home’s future appreciation. For instance, if your home’s value increases significantly, you’ll owe Splitero the original investment plus its share of that appreciation at the time of repayment.
How long does Splitero take to fund?
Splitero typically funds a home equity investment in 14 to 30 days from application to payout. Prequalification takes about two minutes online, and pre-approval usually arrives within one to two business days. Appraisal and underwriting take up most of the timeline while Splitero reviews and verifies your property value, ownership, and equity through a third-party appraisal. After closing, Splitero wires your funds within a few business days.
Splitero news
Splitero provides updates on its company and products, including expansions into new states and new strategic partnerships, via a press release page on its website.
Who’s eligible for a Splitero home equity investment?
| Properties | Owner-occupied only; no mobile homes or investment properties |
| State of residence | Arizona, California, Colorado, Florida, Nevada, New Jersey, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, Utah, Virginia, and Washington |
| Min. home equity | 30% equity retained (70% CLTV) |
| Min. credit score | 500 |
Pros and cons of a Splitero HEI
Pros: What we like
- No monthly payments
- Unlike HELOCs or home equity loans, Splitero doesn’t require monthly payments, making it useful for homeowners with tight cash flow.
- No income or employment requirements
- Eligibility is based on your home’s value and equity rather than your income.
- Low minimum credit score
- At just 500, Splitero’s credit score requirement is accessible for those with fair or poor credit.
- Long repayment terms
- Splitero gives you up to 30 years to buy back the investment, longer than the 10-year cap most HEI providers offer.
Cons: Things to keep in mind
- Lump-sum repayment required
- Splitero requires repayment in one lump sum, either through sale, refinance, or cash buyout, with no partial payment options.
- No early payoff benefits
- Competitors like Hometap offer adjustment options that can reduce costs if you repay early. Splitero does not.
- High fees
- Expect to pay an origination fee plus appraisal, title, and closing costs deducted from your funding amount.
- Limited geographic availability
- Currently available in only select states, making it inaccessible for many homeowners.
- Sacrificing home appreciation
- You trade a share of your home’s future value for cash upfront, so faster appreciation leaves less equity gain in your pocket.
- Long-term costs
- If your home appreciates quickly, your repurchase amount can exceed the interest charges on a traditional loan.
Splitero reviews and complaints
| Source | Customer rating | Number of reviews |
| Trustpilot | 4.5/5 | 226 |
| Better Business Bureau “A” rating | 4.0/5 | 28 |
Splitero earns decent but not excellent ratings on both platforms. Customers cite mixed experiences, praising helpful service but noting slow processing and communication challenges.
What customers say about Splitero
Splitero home equity reviews cluster around a few consistent themes. On Trustpilot, the company holds a 4.5-out-of-5 TrustScore across more than 200 reviews, and the BBB shows an A rating, though the Splitero reviews/complaints threads highlight recurring frustrations.
Here are patterns we see across positive and negative reviews:
- Personable, named support: Reviewers regularly name specific reps who walked them through each step and answered questions promptly.
- Streamlined online application: Customers describe the digital prequalification and paperwork flow as simple and well-structured.
- Fast closings for straightforward files: Positive reviewers often cite three- to four-week timelines from application to funding, helping them hit pressing financial goals.
- Communication gaps on complex files: The most common frustration is delayed follow-up and repeated document requests, especially when a file gets caught up in eligibility requirements or late-stage appraisal issues.
- Pricing transparency questions: Some homeowners feel the effective cost of the agreement and long-term repayment mechanics aren’t spelled out clearly enough upfront.
Splitero reviews trend favorable, with the loudest complaints coming from homeowners whose files hit snags in appraisal or underwriting.
Is Splitero still in business?
Yes, Splitero is still in business as of mid-2026. It continues to expand operations, recently securing a $350 million capital commitment from Blue Owl Capital to support its growth and homeowner offerings.
Splitero phone number and customer service information
Splitero’s team is headquartered at 4365 Executive Dr Ste 925, San Diego, CA 92121. You can reach them by email at [email protected], by phone at (888) 365-3372, or through Splitero’s social media accounts.
Splitero customer service hours (Pacific time):
| Day | Hours |
| Monday | 8 a.m. to 6 p.m. |
| Tuesday | 8 a.m. to 6 p.m. |
| Wednesday | 8 a.m. to 6 p.m. |
| Thursday | 8 a.m. to 6 p.m. |
| Friday | Closed |
| Saturday | Closed |
| Sunday | Closed |
Who is Splitero best for?
Splitero works best for eligible homeowners who need cash upfront and struggle to qualify for a traditional home equity loan. That includes retirees on fixed incomes, self-employed borrowers with variable income, and anyone with credit or debt-to-income constraints that block HELOC approval.
Splitero is a weaker fit if you want to keep 100% of your home’s future appreciation, or if you qualify comfortably for a lower-cost home equity loan.
How to apply for a Splitero HEI
You can expect the following steps when applying for a Splitero HEI:
- Check your eligibility online: Start by completing a quick online prequalification. This lets you see if you’re eligible and estimate how much you could receive, without impacting your credit score.
- Submit a full application: If you decide to move forward, you’ll complete a full application. You’ll need to provide details like your government-issued ID, mortgage information, and basic financial and property details.
- Underwriting and review: Once submitted, Splitero reviews your application, verifies your information, and evaluates your home’s value. This stage may include additional documentation requests. Note that moving to this step triggers a hard credit inquiry.
- Final approval and funding: If approved, you’ll receive final terms and sign your agreement. After closing, your funds are typically delivered via wire transfer.
FAQ
Is Splitero legit?
Yes, Splitero is a legitimate company. Splitero Funding, Inc. is NMLS-registered (#2327455), holds an A rating with the BBB, and carries a 4.5-out-of-5 TrustScore on Trustpilot across more than 200 reviews.
Is Splitero a good idea?
Splitero can be a good option for homeowners needing cash without monthly payments or traditional income verification. However, its high fees, lump-sum repayment, and limited state availability may not suit everyone.
Does Splitero do a credit check?
Yes, Splitero requires a minimum credit score of 500 but does not consider income or employment.
How we determine our Splitero review
We designed LendEDU’s editorial rating system to help readers find companies that offer the best home equity sharing agreements. Our system awards higher ratings to companies with affordable solutions, positive customer reviews, and online transparency of benefits and terms.
We compared Splitero to several home equity investment companies, using hundreds of data points from company websites, public disclosures, customer reviews, and direct communication with company representatives. We weighted, scored, and combined each factor to produce a final editorial rating. This rating is expressed on a scale from 1 to 5, with 5 being the highest possible score. Our take is represented in our rating and best-for designation, recapped below.
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Article sources
At LendEDU, our writers and editors rely on primary sources, such as government data and websites, industry reports and whitepapers, and interviews with experts and company representatives. We also reference reputable company websites and research from established publishers. This approach allows us to produce content that is accurate, unbiased, and supported by reliable evidence. Read more about our editorial standards.
- Splitero, Splitero’s eligibility disclosures, Splitero eligibility requirements, including minimum credit score, home equity requirements, income requirements, and state availability
- Splitero, How It Works and Maturity Match, Splitero agreement and repayment terms
- Splitero, Splitero licensing disclosures, Splitero licensing and registration information
- Trustpilot, Splitero customer ratings and reviews, Ratings and review counts reflect figures available at the time of publication and may change
- Hometap, Hometap’s frequently asked questions, Hometap repayment terms and early settlement policies
- Consumer Financial Protection Bureau, Consumer Financial Protection Bureau’s Home Equity Contracts Market Overview, general information about home equity investments, including common repayment structures, agreement lengths, fees, consumer risks, and potential costs compared with traditional home equity borrowing
About our contributors
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Written by Amanda HankelAmanda Hankel is a managing editor at LendEDU. She has more than seven years of experience covering various finance-related topics and has worked for more than 15 years overall in writing, editing, and publishing.