On this page
Is Splitero legit or a scam?
Short answer
Splitero is legitimate. Splitero Funding, Inc. is licensed under NMLS #2327455, has been BBB-accredited since August 12, 2022, publishes its fees and cost cap, and is funded by large institutional investors. The real risk is cost, not fraud: you give up a share of your home's future value.
Trust signals we checked
| Legal entity | Splitero Funding, Inc. (with Splitero Inc. and Splitero Homes Inc. listed as related names) |
|---|---|
| Licensing | NMLS #2327455 — verify on NMLS Consumer Access; state licenses listed on Splitero's licensing page |
| Founded | 2021, San Diego, California, by Michael Gifford (CEO) and David Zvaifler (COO) |
| BBB | Accredited since August 12, 2022; reported A+ rating and 2 complaints in the last three years (late Sept 2026) |
| Trustpilot | about 4.5–4.6 out of 5 across 300+ reviews |
| Capital | $300M strategic investment from Antarctica Capital funds; $350M commitment from Blue Owl-managed funds; $283.3M and $296M rated securitizations |
| Industry | Involved in homeowner education through the Coalition for Home Equity Partnerships (CHEP) |
| Published pricing | 4.99% fee and 17.99% Safety Cap disclosed on its site |
Red flags to watch for (from any HEI company)
- An offer that doesn't state the Split Percentage and Initial Appraised Value in writing
- Pressure to sign before you've modeled early and late settlement
- Upfront fees requested before closing — Splitero deducts its fee from proceeds
- Look-alike websites or callers claiming to be Splitero: use splitero.com and the phone number listed there
About this site
SpliteroLoans.com is an independent review site, not Splitero. We never ask for Splitero account details and can't access Splitero applications.
So is Splitero a good deal?
Legitimate isn't the same as cheap. Splitero can cost more over time than a HELOC if your home appreciates, and the 4.99% fee is the highest among major HEI providers. Read Splitero fees and try the calculator before deciding.
Comparing your options?
Before you give up a share of your home's future value, see what a personal loan could look like for a smaller amount.
Figures checked on November 6, 2026 against Splitero's published terms, its press releases and independent sources. Splitero can change terms at any time — confirm everything in your written offer before signing.
