At a glance
| How you repay | Share of your home's future value (the Split Percentage) |
|---|---|
| Typical cost | 15.9% a year |
| Cost cap | 17.99% a year, compounded monthly |
| Term | 10 to 30 years (matches your mortgage) |
See every Splitero termMultiplier, cash available, limits, fees, and credit
| What they call it | Home Equity Investment (an option purchase agreement) |
|---|---|
| How you repay | Share of your home's future value (the Split Percentage) |
| Multiplier | 2× of total value |
| Cash available | Up to $600K |
| Max share of home value | 25% |
| Equity you must keep | More than 20% after funding Not published; our assumption |
| Fee | 4.99% |
| Cost cap | 17.99% a year, compounded monthly |
| Term | 10 to 30 years (matches your mortgage) |
| Minimum credit score | 500 |
| Shares losses if value falls | Yes, you owe a share of a lower value |
How Splitero's agreement works
Splitero pays a lump sum of up to 25% of your home's appraised value, or $600,000, in exchange for a Split Percentage of its value when you settle. Splitero calls settling "repurchasing."
In Splitero's published example, a 10% investment ($100,000 on a $1,000,000 home) carries a 20% Split Percentage, a multiplier of 2.0. The exact percentage is set for each offer through underwriting.
Its return is limited by a Safety Cap of 17.99% a year, compounded monthly: you pay the Split Percentage or the cap amount, whichever is less.
Splitero charges a 4.99% origination fee plus about $1,000 in third-party costs. It needs a 500 credit score, has no income or employment requirement, and covers homes appraised at $200,000 to $5,000,000 in 17 states. The term runs as long as your first mortgage, 10 to 30 years.
What Splitero costs
In our standard example ($100,000 against a $750,000 home with a $300,000 mortgage, 4% growth, settled after 7 years), you would net $93,510 after fees and settle for $263,186: an effective cost of 15.9% a year.
These numbers use a typical example. Your offer's numbers will differ.
See the cost at every growth rate and hold periodEffective annual cost from 0% to 8% growth, settled after 3 to 10 years
Effective annual cost for $100,000 against a $750,000 home with a $300,000 mortgage. Rows are yearly home appreciation; columns are when you settle.
| Growth | 3 years | 5 years | 7 years | 10 years |
|---|---|---|---|---|
| 0% a year | 22.3% | 16.4% | 11.5% | 7.9% |
| 2% a year | 22.3% | 18.8% | 13.7% | 10.1% |
| 4% a year | 22.3% | 21.1% | 15.9% | 12.2% |
| 6% a year | 22.3% | 21.2% | 18.2% | 14.4% |
| 8% a year | 22.3% | 21.2% | 20.4% | 16.5% |
Yearly cost is measured on the cash you actually receive, after the provider's fee and about $1,500 of closing costs. Measured on the full investment instead, it's lower: in our standard example ($100,000 on a $750,000 home, 4% yearly growth, 7 years), Hometap is 13.1% a year instead of 14.1%.
Pros and cons
Pros
- Publishes its pricing, including a worked example
- Up to 30 years, matched to your mortgage
- No income or employment requirement; credit scores from 500
- Shares depreciation
Cons
- The highest origination fee we track (4.99%)
- Share-of-value structure means you owe more than you received even if your home doesn't appreciate
- Available in 17 states
What Splitero customers say
CFPB complaints: 3 filed against Splitero in the federal complaint database (3 since 2025). Most common: applying for a mortgage or refinancing an existing mortgage (3). Splitero answered 3 of 3 on time.
Customer reviews: read what Splitero customers say on Trustpilot and BBB.
How to read reviews of any HEI company. Star ratings tend to reflect the application and funding experience. The costly part comes years later, at settlement: across the six providers, "trouble during the payment process" accounts for 37 of 131 CFPB complaints, and the CFPB has reported consumers surprised by what they had to repay. Read the oldest reviews and the complaints, not just the star rating.
Who Splitero fits
Worth a look if: You want a long-term agreement with no income check and published pricing you can verify.
Look elsewhere if: You expect to settle within a few years and want the lowest fees.
Where Splitero is available
17 states, according to its own availability page. Availability can vary by county.
Arizona, California, Florida, Idaho, Missouri, Montana, Nevada, New Jersey, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, Utah, Virginia, Washington, Wyoming
Source: Splitero: eligibility.
Regulatory record
We haven't found a state enforcement action or court case involving Splitero in our review of primary sources.
Alternatives to Splitero
Effective annual cost for $100,000 against a $750,000 home with a $300,000 mortgage. Highlighted: cheaper than Splitero in that scenario.
| Provider | Typical: 4% growth, 7 years | Flat prices: 0%, 7 years | Fast growth: 8%, 7 years | Early sale: 4%, 3 years |
|---|---|---|---|---|
| Splitero | 15.9% | 11.5% | 20.4% | 22.3% |
| CHEIFS | 13.7% | 13.0% | 13.7% | 14.7% |
| Hometap | 14.1% | 9.7% | 18.5% | 22.7% |
| Point | 14.3% | 8.3% | 18.9% | 20.2% |
| Unison | 14.7% | 3.5% | 23.1% | 21.6% |
| Unlock | 15.9% | 11.5% | 20.4% | 22.6% |
Computed from each provider's published terms.
Yearly cost is measured on the cash you actually receive, after the provider's fee and about $1,500 of closing costs. Measured on the full investment instead, it's lower: in our standard example ($100,000 on a $750,000 home, 4% yearly growth, 7 years), Hometap is 13.1% a year instead of 14.1%.
In the typical case, the lowest-cost alternative is CHEIFS at 13.7% a year, versus 15.9% for Splitero. If your home grows fast or you sell early, the ranking can change.
When to pick an alternative instead
- CHEIFS: costs less in the typical case (13.7% vs 15.9% a year); costs less if your home grows fast (13.7% vs 20.4% a year); costs less if you sell within 3 years (14.7% vs 22.3% a year); gives you more time to settle (no end date vs 30); serves more states (22 vs 17); funds larger amounts (up to $2M vs $600K). Splitero vs CHEIFS
- Hometap: costs less in the typical case (14.1% vs 15.9% a year); costs less if prices stay flat (9.7% vs 11.5% a year); costs less if your home grows fast (18.5% vs 20.4% a year); serves more states (27 vs 17). Splitero vs Hometap
- Point: costs less in the typical case (14.3% vs 15.9% a year); costs less if prices stay flat (8.3% vs 11.5% a year); costs less if your home grows fast (18.9% vs 20.4% a year); costs less if you sell within 3 years (20.2% vs 22.3% a year); serves more states (32 vs 17). Splitero vs Point
- Unison: costs less in the typical case (14.7% vs 15.9% a year); costs less if prices stay flat (3.5% vs 11.5% a year); costs less if you sell within 3 years (21.6% vs 22.3% a year); serves more states (23 vs 17). Splitero vs Unison
- Unlock: serves more states (26 vs 17). Splitero vs Unlock
A HELOC, home equity loan, cash-out refinance, or reverse mortgage can also cost less if you qualify. See every option compared.
More on Splitero: Is Splitero legit?
Sources
Splitero: pricing · Splitero: eligibility · Splitero: how it works
Offer reviews
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