Is Splitero HEI the right fit for you?
Last Updated: 09/17/2026
SuperMoney User Recommendation Score +38
Mostly recommended21 total votes
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Highlights
Community Rating
Mostly recommended
Credit Score Range
Starting at 500
Disclaimer popup with additional information
Funding Range $
$50,000 - $600,000
Funding Range %
Up to 25%
Contract Term
Up to 30
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Number of Reviews
Splitero HEI Review
Splitero HEI is offered by Splitero Funding, Inc. (NMLS #2327455), a nonbank financial services provider founded in 2021 and based in San Diego, CA. Splitero are available in 17 states.
Key Takeaways
- Poor credit accepted. Homeowners with a credit score as low as 500 can qualify with Splitero HEI.
- Property value range. Splitero considers properties with values ranging from $200,000 to $5,000,000.
- Up to $600,000. Splitero HEI will invest up to $600,000 in a home, which is more than what most shared equity companies offer.
- Long contract terms. Splitero offers a contract term of up to 30 years. The term runs as long as your senior mortgage or at least 10 years, with a maximum of up to 30 years.
- Home improvement credit. Splitero Funding, Inc. 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.
- Cash-out only. Existing homeowners can access up to 25% of their property's value.
- Only available in select states. Splitero HEI is currently available in a limited number of states.
Splitero HEI Pros & Cons
| Pros | Cons |
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Splitero HEI FAQ
How does the Splitero HEI 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 Splitero HEI 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 Splitero Funding, Inc. invest?
Splitero Funding, Inc. offers equity investments of up to 25% of a property's value. The maximum investment in a single home is $600,000.
While Splitero HEI is not a traditional loan, the maximum lien-to-value ratio is 65%. This means the total of the investment return plus any existing mortgage balance cannot exceed that percentage of the property's value.
| Term | Amount |
| Investment Amount | $50,000 – $600,000 |
What are the costs associated with Splitero HEI?
Shared equity investments do not charge an interest rate or require monthly payments. Instead, the investor earns a return based on the future value of your home. However, most investors will charge an appraisal fee and other third-party closing costs.
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Origination Fee (%) | 4.99% (see terms and conditions) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Closing Costs ($) | Starting at $1,500 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What are the terms for a shared equity agreement?
You can use the funds for up to 30 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.
Settlement is based on the original investment plus or minus the investor's share of the home's change in value.
How long does it take to close?
Funding typically occurs within 14 days.
What types of property are eligible?
Intended Use
- Primary home
- Secondary home
- Investment property
Property Type
- Single-family home
- Multi-family home
- Condominium
- Townhome
Is Splitero a legit company?
Splitero was founded in 2021. It is an established company that has been in business for 5 years. Based on their "mostly recommended" SuperMoney community rating, they seem to be a reputable company.
Splitero HEI Disclosure: Splitero Funding, Inc. NMLS #2327455. CA: Licensed by the Department of Real Estate, License #02185149, David Zvaifler, Responsible Broker, NMLS #2297318, License #01901432, pursuant to the CA Code of Regulations and Business and Professions Code. CO: Regulated by the Division of Real Estate. OR: Exempt Registration, License #2327455.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
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.
Message from Splitero
Contact
Headquarters
Hours of Operation
SundayClosedMonday8:00AM - 6:00PMTuesday8:00AM - 6:00PMWednesday8:00AM - 6:00PMThursday8:00AM - 6:00PMFriday8:00AM - 6:00PMSaturdayClosed
Other Services by Splitero Funding, Inc.
Availability
Available in 17 states.
- Arizona
- California
- Florida
- Idaho
- Missouri
- Montana
- Nevada
- New Jersey
- Ohio
- Oregon
- Pennsylvania
- South Carolina
- Tennessee
- Utah
- Virginia
- Washington
- Wyoming
SuperMoney Net Recommendation Score
SuperMoney users mostly recommend this product, giving it a user recommendation score of +38, or 3.8 on a 5-point rating scale.
+38
-1000+100
No one recommends
Everyone recommends
Reviewer Sentiment Over Time
Splitero HEI Community Reviews
Would you recommend Splitero HEI to your friends?
RB
Randell B.
Sep 17, 2026
May or may not recommend
I went through the whole process up to closing. When I saw what their appraiser, appraised my home at and how it was so much lower than comps of home sold in my area, i refused to sign. I believe they low ball appraisal for more gain in your equity when you buy out. They were not even close. I had another appraiser do my home and with the comps ...Show More
KH
Kandy H.
Aug 5, 2026
May or may not recommend
Sean O-Boyle was the awesome from the very first phone call I made. He answered all my questions and gave me the information I need to make a an informed decision about my financial further. My goal is to enjoy my best life now and doing an HEI was the road to achieve that. Sean was outstanding and there for me every step of the process.
TB
Tashia B.
Jul 20, 2026
May or may not recommend
It took longer than the initial 14 days but from start to nearly finished (final closing is tomorrow with notary) they made sure I understood everything. My team consisted of two, Jack King and Leslie M. What took time was getting required paperwork but Leslie took great steps in ensuring I was able to get paperwork by getting on calls with me. I found this company on a whim ...Show More
Joanne W.
Jun 3, 2026
May or may not recommend
The process was simple, fast and easy. I people were so helpful and great to work with.
LW
Latasha W.
Oct 28, 2025
May or may not recommend
Mr. Parker has the patience of Job in the Bible! Although I had gotten upset about how thorough he was, I now understand that he was conducting business very professional as well as explaining everything I did not understand.
TG
T G.
Apr 2, 2025
May or may not recommend
My processor, Nick, was absolutely amazing! He was so incredibly responsive throughout the process. He was, fortunately/unfortunately, promoted to a different department, but still was the primary process on my account. The new processor, Chelsea, was nowhere near as responsive as Nick was, which was really disappointing. My closer, Haileigh, was also really disappointing. She didn't explain the closing process or beyond even after I asked her for next steps. ...Show More
JY
Jason Y.
Apr 2, 2025
May or may not recommend
I'm not good at writing reviews, but Leslie, Juliette and Matt were all very professional and helpful. Everything was completed and expedited very clean and fast. Splitero has helped me get things back on track after my wife passing 2 years ago with this HEI. Thank you Splitero!
SB
Stephen B.
Mar 31, 2025
May or may not recommend
I really couldn't have been happier with my experience with Splitero. First off, my sales team of Matt Manguiano, Siu Saelee and Saul Sanchez were all top notch, they were incredibly knowledgeable, courteous and extremely responsive. Honestly, I think the entire experience from start to funding took about 9 days. If you're looking for a quick turnaround on tapping into your homes equity, I would highly recommend looking into Splitero...you'll ...Show More
U
Anonymous
Mar 27, 2025
May or may not recommend
Great people to work with. Everyone was helpful and friendly..
thanks,
DK
Debbie K.
Mar 26, 2025
May or may not recommend
Totally awesome to work with kelly, Megan and Julianna the experience was better than I expected and quicker too
GS
G S.
Feb 17, 2025
May or may not recommend
Splitero's ad lured me to apply for a seemingly easy, instant approval. After reading the FAQs and blog to make sure I meet criteria I applied. After entering my info I received an instant decline stating "...we cannot offer you any funding options" without any explanation. Just a redirect back to FAQs. Ugh! On to Point and Supermoney.com to explore other options!
KL
Kerry L.
Dec 30, 2024
May or may not recommend
agent Mark was wishy washy about details and truth in lending. would not give me any repayment details until i ran credit and filled out their app. I was just looking for a truth in lending amount before going down the rabbit hole with them. at this point I will not do any business,
AT
Angela T.
Dec 3, 2024
May or may not recommend
From start to finish the process was quick and easy. Everyone I dealt with was caring, personable and professional. I’m more than happy I went with Splitero to help me with my financial goals.
U
Anonymous
Aug 5, 2024
May or may not recommend
Easy to understand and work with. No hidden fees, penalties, or tricky math.
Glenn H.
Aug 1, 2024
May or may not recommend
Splitero was very easy to work with. I was able to get $215,000 in weeks with no monthly payments. You have to repay when you sell your home, but being able to get this amount without stress of additional monthly payments is amazing. Highly recommend using them!!
Burner V.
Jul 26, 2024
May or may not recommend
life changing opportunity, i love the team at splitero, so happy
RL
Robert L.
Mar 23, 2023
May or may not recommend
No clarity no communication unable to provide what was promised. Wear some high boots if you get sucked in. After applying online from curiosity the sales agent contacted me daily like we were best friends to move forward. Ultimately we did. The 10 day closing the 1 month funding to 2 month to 4 month to 6 month funding is where we are at. The discovery of their ...Show More
MM
Mitchell M.
Jan 19, 2023
May or may not recommend
Splitero is one of the best decisions I've made in regards to home loans /refinancing.
They have the best attitudes and willingness to help. This was a new type of loan I knew nothing about until I received a mailer which caught my interest. I did my homework and researched what I was getting into. The crew at Splitero laid out the plan one step at a time and kept me ...Show More
TS
Timothy S.
Jan 5, 2023
May or may not recommend
Please please please - do not use this company. High incompetent and unorganized. They do not have your back and have no clue why you came to them in the first place. I voiced my compliant to the representative and he ended the call. They gave me a ball park timeline of 4.5 weeks. It took 4 months before they declined me. I came ...Show More
RL
Richard L.
Nov 29, 2022
May or may not recommend
This is my current review. I contacted Splitero because I was in need of funds to pay off my debts and get current on my mortgage payments. The opportunity seemed very good. An investment on my home based on my equity, not my credit score.
Well, after applying, I receive a denial.
First, based on popular sites (zillow, redfin, realtor) the market value of my home is between 308k to 326k. ...Show More
Showing 20 of 21 reviews
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