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Is Splitero available in Tennessee?
Short answer
Yes. Splitero offers home equity investments in eligible areas of Tennessee (served since before January 2025). Tennessee homeowners can receive $50,000–$600,000 with no monthly payments, subject to a 500+ credit score, more than 25% equity and a 75% combined limit.
| Availability | Eligible areas of Tennessee |
|---|---|
| Status | Served since before January 2025 |
| Investment range | $50,000–$600,000, max 25% of value |
| Upfront fee | 4.99% (min $1,500) |
| Safety Cap | 17.99%/yr, compounded monthly |
| Term | 10–30 years |
| Min. credit score | 500 |
Example: a $485,000 home in Tennessee
This is an illustrative example, not a market statistic for Tennessee. With a $485,000 home and a $203,000 mortgage, the 75% combined limit leaves $160,750 of room, and Splitero's 25% cap allows up to $121,250. Taking $58,000 would cost a $2,894 origination fee, leaving about $55,106 before closing costs.
| Scenario | Home value then | 23.9% share | Cap limit | You repay | Yearly cost* |
|---|---|---|---|---|---|
| Settle after 3 years, 5%/yr growth | $561,448 | $134,186 | $99,101 | $99,101 cap | 21.6% |
| Settle after 10 years, 3%/yr growth | $651,799 | $155,780 | $345,880 | $155,780 | 11.0% |
| Settle after 10 years, flat | $485,000 | $115,915 | $345,880 | $115,915 | 7.7% |
Illustrative: $485,000 home, $58,000 investment, 23.9% Split Percentage
Settle after 3 years, 5%/yr growth
- You repay
- $99,101 cap
- Yearly cost*
- 21.6%
- Home value then
- $561,448
- 23.9% share
- $134,186
- Cap limit
- $99,101
Settle after 10 years, 3%/yr growth
- You repay
- $155,780
- Yearly cost*
- 11.0%
- Home value then
- $651,799
- 23.9% share
- $155,780
- Cap limit
- $345,880
Settle after 10 years, flat
- You repay
- $115,915
- Yearly cost*
- 7.7%
- Home value then
- $485,000
- 23.9% share
- $115,915
- Cap limit
- $345,880
*Assumes a 23.9% Split Percentage (2× the share received, mirroring Splitero's own example). Your offer may differ.
How to check eligibility in Tennessee
- Enter your address in Splitero's online estimate (soft credit pull).
- Confirm your home type is eligible (no manufactured homes, land or timeshares).
- Check your equity: all liens plus the investment must stay at or below 75% of value.
- Ask for the Split Percentage and closing costs in writing.
Alternatives for Tennessee homeowners
If Splitero declines your area or you need less than $50,000, compare other HEI providers, a local HELOC, or a personal loan.
Need less than $50,000, or cash sooner?
A Splitero investment starts at $50,000 and takes weeks to close. If a smaller, faster personal loan fits better, you can request offers here.
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.
