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Splitero requirements checklist
Short answer
To qualify for Splitero you need a 500+ credit score, more than 25% equity (mortgage plus investment ≤ 75% of value), an eligible home worth $200,000–$5,000,000 in one of 17 states, and no recent foreclosure or Chapter 7 bankruptcy. There's no income requirement.
| Credit score | 500 minimum |
|---|---|
| Income / employment | Not required |
| Equity | More than 25% before funding |
| Combined limit | All mortgages + Splitero's investment ≤ 75% of home value |
| Investment size | $50,000–$600,000 ($75,000 min. in Wyoming), max 25% of value |
| Home value | $200,000 to $5,000,000 |
| Occupancy | Owner-occupied at origination; some second homes and investment properties may qualify |
| Ownership | Individuals; homes held in a trust or LLC may be eligible |
| Location | 17 states, eligible areas only |
How much equity you need
Splitero applies two tests. First, you need more than 25% equity before funding. Second, everything secured by the home — your mortgage, any HELOC and the Splitero investment — must stay at or below 75% of its value.
| Home value | Mortgage balance | 75% limit | Room for Splitero | Within 25% of value? |
|---|---|---|---|---|
| $400,000 | $200,000 | $300,000 | $100,000 | Yes — up to $100,000 |
| $600,000 | $300,000 | $450,000 | $150,000 | Yes — up to $150,000 |
| $500,000 | $340,000 | $375,000 | $35,000 | No — below $50,000 minimum |
| $900,000 | $250,000 | $675,000 | $425,000 | Capped at $225,000 (25%) |
Eligible and ineligible properties
Pros
- Single-family homes
- Condominiums
- Townhomes
- 2–4 unit residential properties
- Homes in a trust or LLC (case by case)
Cons
- Manufactured and modular homes
- Log cabins and houseboats
- Vacant land
- Timeshares
- Properties on 5+ acres
What disqualifies you
- Foreclosure within the last 7 years
- Chapter 7 bankruptcy within the last 4 years
- More than two notices of default in the past 12 months
- A home outside Splitero's eligible areas
- Not enough equity to fund at least $50,000
Splitero publishes additional exclusions on its FAQ page. If any of these apply, see the alternatives — including options that don't use your home at all.
Don't qualify for Splitero?
No home equity, credit under 500 or outside Splitero's 17 states? A personal loan request doesn't need a home-equity stake.
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.
