Access up to $600,000 of your home equity. No monthly payments. Credit from 500 and no income requirements.
I'm self-employed, I own my home, and I looked into Splitero in detail because they're one of the few HEI companies willing to work with lower credit scores and no income requirements. The short answer on legitimacy: Splitero is a real company. Founded in 2021, they've funded thousands of homeowners and are available across 17 states. They're newer than Point or Hometap, but they've quickly surpassed them where it matters most: speed, transparency, and customer experience.
What's important to understand upfront is that this is not a traditional loan. You get a lump sum of cash now, and in exchange, the company gets a percentage of your home's future value when you sell, cash settle, or at the end of the term. You settle the balance later instead of making monthly payments. For the right homeowner, that tradeoff is a really good deal.
Is Splitero legit?
Yes. They're licensed to do business, backed by major institutional investors and have funded thousands of deals. The process is straightforward and the team knows what they're doing.
What you actually get
Splitero can fund between $50,000 and $600,000, requires at least 25% equity in your home, and has a minimum credit score of 500. That low credit floor is a real differentiator. Most lenders won't even look at you under a 620, and HELOCs usually want 680 or higher. Splitero will.
The application moves fast. They verify your information, order an appraisal, and can deliver funds in as little as 20 days, though most people see 30 days from application to funding. You don't need W-2 income or employment, which is huge if you're self-employed, retired, or between jobs.
A short form and a soft credit pull. No impact on your score to see a number.
Answer a few questions about the home so they can finalize the offer amount.
A licensed third party values the home, then you sign closing documents.
Money is wired to you. As little as 20 days, most commonly around 30.
What I really liked
The Maturity Match™ term is the standout feature. Most competitors cap you at 10 years, which puts pressure on you to sell or refinance even if your situation isn't right. Splitero gives you up to 30 years to repurchase the investment, which means you can actually use the cash for what you need and not stress about a clock running out.
Maturity Match essentially matches your first mortgage. If your first mortgage has remaining time on it, you won't settle with Splitero until your mortgage is paid off. That alignment is rare in this space and genuinely useful for keeping your finances simple.
No monthly payments. That's the part that makes this product work for so many people. Your cash flow stays exactly where it is, while you get the lump sum you need now.
The no-income requirement angle is the other big one. If you're self-employed, a freelancer, retired, or have variable income, you already know how frustrating it is to qualify for traditional financing. Splitero just doesn't care about that, which is a refreshing change.
See what you would qualify for
A soft credit pull only. Nothing happens to your score and seeing a number does not commit you to anything.
Get Your Splitero Estimate →Free estimate, no obligationCosts to know about
Like any financial product, there are fees. The origination fee is 4.99% plus appraisal costs between $200 and $700, and escrow, title, and closing costs running approximately 1.5% of the origination amount. These come out of your payout, not paid upfront, so you don't need cash on hand to access the funds.
The total cost depends on how your home appreciates and the percentage stake Splitero takes (determined during underwriting). In a typical scenario, this works out to be comparable to or competitive with other home equity options, especially when you factor in the flexibility of no monthly payments and the long runway. There's also a 17.99% equivalent annual rate, compounding monthly Safety Cap, which means even if your home appreciates rapidly, your repurchase amount is limited.
Who should skip Splitero
If you have access to a HELOC or home equity loan at a good rate and can comfortably handle monthly payments, those might be cheaper in the long run. This option makes the most sense when you need cash now, want to keep your monthly cash flow intact, or can't qualify for traditional financing.
Splitero fits if
- Your credit is in the 500s and traditional lenders have said no
- You are self-employed, retired, or have variable income
- You cannot take on another monthly payment
- You want the longest possible runway before settling
- You have at least 25% equity and a home valued $200,000 to $5,000,000
Look elsewhere if
- You qualify for a HELOC or home equity loan at a good rate
- You can comfortably carry a monthly payment
- You expect rapid appreciation and plan to settle quickly
- Your state is not one of the 17 Splitero operates in
The bottom line
If you want the longest possible runway, have lower credit, or need cash without monthly payments eating into your budget, Splitero is one of the best options in this space right now. The 30-year window, 500 credit score floor, no income verification, and Maturity Match feature combine to make it accessible in ways most home equity products simply aren't. Get a quote, see what they offer, and run the numbers for your specific situation.
Splitero
Home equity investment with a 500 credit floor, no income verification, and a term running up to 30 years. Strongest fit for self-employed and retired homeowners in one of its 17 states.
For the full fee breakdown and settlement math, see the complete Splitero review. You can also compare it against the rest of the field in our guide to the best home equity investment companies, price it against Figure's HELOC, or read the Hometap review and Unison review if you want a second number.
Splitero FAQs
Yes. Splitero is a real company founded in 2021. They are licensed to do business, backed by major institutional investors, and have funded thousands of homeowners across 17 states.
Yes. Splitero confirms on its own site that it is currently accepting new applications for home equity investments, and it expanded into four additional states in August 2026.
Splitero offers a home equity investment, not a loan. You receive a lump sum of cash now, and in exchange Splitero receives a percentage of your home’s future value when you sell, cash settle, or reach the end of your term. There are no monthly payments.
The minimum credit score is 500. Most lenders will not consider you below 620, and HELOCs usually want 680 or higher, so the 500 floor is a genuine differentiator.
Splitero operates in 17 states: Arizona, California, Florida, Idaho, Missouri, Montana, Nevada, New Jersey, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, Utah, Virginia, Washington, and Wyoming.
Splitero can fund between $50,000 and $600,000, capped at 25% of your home’s value. Your home needs an appraised value between $200,000 and $5,000,000 and you need at least 25% equity.
The origination fee is 4.99%, plus appraisal costs between $200 and $700, and escrow, title and closing costs. These come out of your payout rather than being paid upfront. A 17.99% equivalent annual rate, compounding monthly Safety Cap limits your repurchase amount if your home appreciates rapidly.
Splitero can deliver funds in as little as 20 days, though most people see about 30 days from application to funding. There are no W-2 income or employment requirements.
If you qualify for a HELOC or home equity loan at a good rate and can comfortably handle monthly payments, those are likely cheaper over the long run. Splitero makes most sense when you need cash now, want to protect your monthly cash flow, or cannot qualify for traditional financing.
