Splitero vs Hometap 2026: Which Home Equity Investment Fits You?

Splitero and Hometap both give you cash from your home equity with no monthly payments. When you settle, each one earns a share of your home’s value. So the real question is which one will approve you, and what it could cost you later.

Pick Splitero if your credit is under 575, you live in Washington or Wyoming, or you need more than 10 years before you settle. Pick Hometap if you’re in one of the 11 states Splitero doesn’t serve, or you want a smaller processing fee and a published cap on what you could owe.

Quick answer

Check this one first if

Your credit is under 575, or you need longer than 10 years before you settle.

Amount$50,000 to $600,000

Credit scoreFrom 500

TermUp to 30 years

Get My Splitero Estimate

Check this one first if

You’re in one of the 11 states only Hometap serves, or you want a published cap on what you could owe.

Amount$15,000 to $600,000

Credit score575 minimum FICO

Term10 years

Get My Hometap Estimate

Both buttons check your state first. If the company you pick doesn’t fund homes where you live, you could land on another company that does, so look at the state lists below before you click.

Start with your state

This rules out more people than anything else on the page. Check it first.

In Missouri, Splitero only takes a second or third lien position. Not on any list? Neither company serves your state yet, and either button could send you to another company that does. A HELOC is the other thing worth pricing. Both lists change as the companies grow.

Splitero vs Hometap side by side

Hometap figures as of October 2026. Splitero also wants a home worth $200,000 to $5,000,000. Hometap looks for a minimum FICO of 575 and at least 25% equity, among other qualifying criteria, and the home has to be located in an eligible state.

Which is easier to qualify for?

Splitero, if credit is what’s holding you back. Its floor is 500. Hometap’s minimum FICO is 575.

That 75 points is the whole difference for a lot of people. On everything else the two ask for close to the same thing: at least 25% equity in your home, and no income or employment requirements from either one. That last part matters if you’re self-employed, retired or between jobs.

Hometap is a little wider on property types. It lists single-family homes, condos, vacation and rental properties, multi-family homes up to four units and manufactured homes. Splitero’s line in the sand is home value, $200,000 to $5,000,000.

What each could cost: a worked example

Fees are the small number. The big one is what you hand over when you settle, so here’s the same home and the same cash run through Hometap’s published pricing.

Say your home is worth $500,000 and you take $50,000, which is 10% of its value. Hometap’s processing fee on that is $2,250. Splitero’s 4.99% origination is $2,495. Third-party costs come out of both.

For someone who accesses 10% of their home’s value, Hometap’s pricing guide puts the Hometap Percentage at 16.5% if you settle in years 0 to 5 and 18% in years 6 to 10. You’d owe the lesser of that share and the Hometap Cap.

Illustrative only, not a quote. Our arithmetic from Hometap’s published pricing for a $50,000 investment on a $500,000 home: 16.5% or 18% of the home’s value at settlement, compared with $50,000 grown at 18.5% a year compounded monthly, rounded to the dollar. Real offers depend on your appraisal, your state and when you settle, and home values could fall.

In all four rows the share is lower than the cap, so the share is what you’d owe. The cap earns its keep when a home jumps in value fast and you settle early.

Who should pick which

Splitero fits if your credit sits between 500 and 574, you’re in Washington or Wyoming, or you know you won’t be ready to sell or refinance within 10 years.

What works

• Credit from 500

• Up to 30 years

• Up to $600,000

• No income or employment requirements

• Homes worth $200,000 to $5,000,000

What to know first

• Only 17 states

• At least 25% equity

• 4.99% origination plus closing costs

• $50,000 minimum, $75,000 in Wyoming

• A lien goes on your home

Hometap fits if you’re in one of its 26 states with a 575 FICO or better, and you’d settle within 10 years. It’s also the only one of the two in 11 states, including New York, Georgia and North Carolina.

What works

• 26 states

• 4.5% processing fee, capped at $20,000

• The Hometap Cap limits what you could owe

• Rentals, vacation homes and 1 to 4 unit homes could qualify

• More than 29,000 homeowners funded, per Hometap

What to know first

• Minimum FICO of 575

• Settle within 10 years

• Third-party costs on top of the 4.5%

• Hometap records a lien on your home

When to skip both

If you can qualify for a HELOC and carry a monthly payment, price one first. Over a long stretch it could cost less, and you keep all of your future appreciation. Start with our Figure HELOC review and the best HELOC lenders.

Skip both if you plan to sell within two years or so. Hometap itself says an HEI might not be the best fit then, and the fees don’t have time to make sense.

Get both numbers

Checking either one is free and doesn’t commit you to anything. Bottom line: if you’re in one of the 15 shared states, get both and compare what you’d owe at settlement, not just the cash.

Your Splitero estimateSee what Splitero could offer youCredit from 500, terms up to 30 years.Get My Splitero Estimate

Your Hometap estimateSee what Hometap could offer youUp to $600,000, 10 year term, 26 states.Get My Hometap Estimate

Want more detail on one company? Read the Splitero review or the Hometap review. Weighing a third option? See is Splitero legit, Hometap vs Unison, Hometap vs Point, Point vs Splitero and the best home equity investment companies.