in Shared Equity Agreements from Splitero Inc


in Shared Equity Agreements from Splitero Inc
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Shared Equity Use Case Equity Cash-Out
Investment Range $ Up to $500,000
Investment Range % N/A

Splitero Review

Splitero is offered by Splitero Inc, a nonbank financial services provider founded in 2021 and based in San Diego, CA. Splitero is available in 1 state across the USA.

Key Takeaways

  • Maximum investment of $500,000. Your actual offer will depend on the value of the home and how much equity you have in the property.
  • Long contract terms. Splitero offers a contract term of 30 years, which provides homeowners with plenty of flexibility. Most home equity investors have a maximum term of 10 years.
  • Cash-out only. Existing homeowners can tap into their home equity without taking on debt. Funds can be used for anything, from paying off debt, renovating or retirement.
  • Only available in select states. Splitero is currently available in 1 states.

Splitero Pros & Cons

Pros Cons
  • Poor credit accepted. Homeowners with a credit score as low as may qualify.
  • Longer repayment periods.

Splitero FAQ

How does the Splitero product work?

A shared equity agreement (also called home equity contract) is essentially a way to sell a portion of the equity in your home to an investment company.

The Splitero product allows you to tap into the equity in your home without the monthly payments that come from a traditional home equity loan or line of credit. This product is designed for homeowners who need cash for reasons such as home improvement project or to eliminate debt.

Splitero will have a lien on the property (just like a mortgage does), but since it's not a loan you won't be paying Splitero interest or a monthly payment. Instead Splitero gets paid a share of your home's value when the contract ends, which typically occurs when you decide to sell your home or buy Splitero out. For example, Splitero might provide you with a cash investment today equal to 10% of your home's current value in exchange for 16% of your home's future value when you sell.

How much will Splitero Inc invest into a shared equity agreement?

The Splitero program offers equity investments that are a perentage of the property's value, but they do not disclose their equity investment percent range. As you might expect, Splitero Inc has a cap on the amount of funding they will invest in a single home. The most Splitero Inc can invest in a single home is $500,000.

Splitero Terms & Requirements
Investment Term Amount

What are the costs associated with Splitero?

Unlike loans, the cost associated with an Splitero Inc investment is not based on an interest rate. There are no monthly payments or accrued interest. Instead, Splitero Inc shares in the future value of your property and typically only receives a return on its investment when you sell your home or decide to buy Splitero Inc out. The percentage of your home’s value that Splitero Inc shares when the contract ends is larger than the percentage of Splitero Inc's investment in your home. Therefore, Splitero Inc will make a profit if your home’s value does not change. If your home’s value increases, Splitero Inc will make a larger profit. If the value drops, Splitero Inc will make a smaller profit, or might incur a loss.

The Splitero program includes an origination fee starting at 1.99% of their investment.

Splitero Fees
Closing Costs ($) $250 - $550
Origination Fee (%) 1.99% - 3.99%

What are the terms for a shared equity investment via Splitero Inc?

You can use the funds provided by Splitero for up to 30 years. After 30 years, you will need to settle up with Splitero Inc, either by selling the home or buying Splitero Inc out. You can finance a buyout with your cash, refinancing your mortgage, or by partnering with Splitero Inc for another term.

To buy Splitero Inc out, you would need to pay back their original investment plus or minus their share of your home’s change in value.

How long does it take to close a deal with Splitero Inc?

Splitero can fund a deal in as little as 14 days.

What types of property does Splitero Inc consider?

Shared equity investors often have restrictions on the type of properties they will invest in. Splitero will consider shared equity agreements secured by the following property types:

  • Primary home
  • Secondary homes and vacation properties.
  • Investment properties.
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Hours of Operation

  • Sunday Closed
  • Monday 8:00am - 6:00pm
  • Tuesday 8:00am - 6:00pm
  • Wednesday 8:00am - 6:00pm
  • Thursday 8:00am - 6:00pm
  • Friday 8:00am - 6:00pm
  • Saturday Closed

About Splitero


  Available in 1 state
Availabile in all of California

Feature Breakdown

Closing Costs ($) $250 - $550
Origination Fee (%) 1.99% - 3.99%
Employment Statuses Considered
  • Other
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
  • Unemployed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Intended Use
  • Primary Home
  • Secondary Home
  • Investment
Joint Loan Applications Accepted
  • Individual Applications
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Cash
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
  • Proof of Identity
  • Government Issued Photo ID
  • Social Security Number
Shared Equity Use Case Equity Cash-Out
Funding Time Range Starting at 14 days
Investment Range $ Up to $500,000

Splitero Community Reviews


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This product is mostly not recommended by SuperMoney users with a score of 0, equating to 3 on a 5 point rating scale.


Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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