Point vs Splitero looks like a coin flip at first. Both give you a lump sum with no monthly payments, both start at a 500 credit score, and both take a share of your home’s value later. Four things separate them: how long you have to settle, how each one calculates what you owe, what each costs to start, and which states each one serves.
Our take: Look at Point first if you need less than $50,000 (Point starts at $30,000), if you want a flat 30 years, if you’d rather pay the lower company fee (3.9% against 4.99%), or if your home is in one of the 15 states or Washington, D.C. that Splitero doesn’t serve. Look at Splitero first if you want a published ceiling on the cost (a Safety Cap of 17.99% a year), access to up to 25% of your home’s value (Point is generally 20%), a term matched to your mortgage, or a home in Idaho, Montana or Wyoming. If both could work, request both estimates and compare them in dollars, because the two companies calculate what you owe in different ways.
Point vs Splitero at a glance
Every figure below comes from each company’s own published terms, as read for our Point and Splitero reviews. Both products are called a home equity investment, both come with no monthly payments, and both companies place a lien on the home.
Splitero’s minimum is $75,000 in Wyoming. Point’s top offer is generally 20% of the home’s value, and Splitero’s is up to 25%. Both stop at $600,000.
More: Point review: costs, requirements, pros and cons
More: Splitero review: costs, requirements, pros and cons
The differences that change the outcome
A lot of the rows above match, which is why these two get lumped together. These are the ones that could change which company you end up with, or what it costs you.
Time to settle: a flat 30 years at Point, 10 to 30 at Splitero
Point‘s term is 30 years, full stop. Splitero calls its structure Maturity Match: your term is the later of your first mortgage’s maturity date or 10 years from the start, up to a maximum of 30. A homeowner with 22 years left on a mortgage would get a 22-year term, and a homeowner with no mortgage would get 10.
So if you own the home outright or your mortgage is nearly paid off, Splitero’s clock could be as short as 10 years and Point’s is still 30. If you refinanced recently into a 30-year mortgage, the two line up. With either one you can settle early with no penalty, through a sale, a refinance or savings.
Neither term is open-ended. If you haven’t settled at the end, Point says it may exercise its option and become a co-owner with the right to sell the home. Splitero says you could refinance, pay cash or sell, and that a re-split, a new investment used to repurchase the old one, may be available.
How each company calculates what you owe
This is the biggest difference, and the two don’t measure cost the same way. Here’s each one in plain terms.
Point uses a share of appreciation. When you buy back your equity you owe what you received plus an agreed percentage of your home’s appreciation, which Point calls the HEI percentage. Appreciation is measured from a starting value that Point sets below the appraisal (27% below in the example on its product page), so a home that only holds its value still shows appreciation in Point’s formula. Point also works out a second figure, the Homeowner Protection Cap, from a fixed annual rate compounded monthly, and you pay the lower of the two. Point doesn’t publish the HEI percentage or the cap rate. Both arrive with your offer.
Splitero uses a share of the home’s value. At the start you agree on a Split Percentage, and when you repurchase you owe that percentage of the home’s value that day, or the Safety Cap, whichever is less. The Safety Cap is published: 17.99% a year, compounded monthly, on what Splitero invests. Splitero doesn’t publish a table of Split Percentages either, so yours shows up in your offer.
Two practical points. Point shows a cost in a flat market because of its lower starting value. Splitero shows one because its percentage applies to the whole value of the home, not only the gain. With either company, plan on settling for more than you received.
Each company’s own five-year example
The two companies publish examples on different homes with different appreciation, so read these as two separate illustrations and not as a matched test.
| Point‘s example | Sale price after 5 years | Amount Point receives |
|---|---|---|
| Value falls 6.25% a year | $362,100 | $49,200 |
| Value rises 3.5% a year | $593,800 | $114,300 |
| Value rises 5.5% a year | $653,500 | $119,200 |
From the example on Point’s product page: $50,000 received on a $500,000 home, with a starting value of $365,000. Point describes the cost in both rising scenarios as capped. Your percentage and cap could differ. Fees are not included.
| Splitero‘s example | Home value after 5 years | Repurchase amount |
|---|---|---|
| Value rises to $1,200,000 (Splitero’s own example) | $1,200,000 | $240,000 |
| No change in value (our arithmetic) | $1,000,000 | $200,000 |
| Value falls 10% (our arithmetic) | $900,000 | $180,000 |
Splitero’s pricing page shows $100,000 invested on a $1,000,000 home with a 20% Split Percentage. The second and third rows apply the same 20% to other outcomes. The Safety Cap would be about $244,202 after five years on $100,000, so the percentage is the lower number in each row. Fees are not included.
Per $1 received, Point’s 3.5% row works out to about $2.29 ($114,300 on $50,000) and Splitero’s example to $2.40 ($240,000 on $100,000). That’s not a fair fight. Splitero’s example home gains about 3.7% a year (our arithmetic), Point measures from a lower starting value, and neither company says its percentage matches the one in your offer.
In a decline the two behave differently. Point’s example comes in just under what you received, but only after the home loses 6.25% of its value every year for five years, and Point itself says that’s not typical. With Splitero’s 20%, a home would have to lose half its value before you repurchased for less than you got.
None of these figures is a quote. The comparison that counts is your own two estimates, side by side, in dollars, for the year you expect to settle.
See your offer from Point and get an estimate from Splitero, then compare both for the year you expect to settle.
Fees and how much you could access
With both companies the fees come out of your proceeds, so you pay nothing out of pocket to apply. Point‘s processing fee is 3.9% with a $2,000 minimum. Splitero‘s origination fee is 4.99% with a $1,500 minimum. At every amount where both apply, Point’s percentage fee is the lower one.
| Amount invested | Point fee | Splitero fee |
|---|---|---|
| $30,000 | $2,000 | Below the $50,000 minimum |
| $50,000 | $2,000 | $2,495 |
| $100,000 | $3,900 | $4,990 |
| $300,000 | $11,700 | $14,970 |
| $600,000 | $23,400 | $29,940 |
Our arithmetic from each company’s published fee: 3.9% with a $2,000 minimum at Point and 4.99% with a $1,500 minimum at Splitero. Splitero charges its fee on the gross investment amount. Third-party costs are extra at both.
The fee is the smaller part of the cost. What you owe at the end depends on your home’s value and each company’s percentage and cap, so a lower fee doesn’t make a cheaper deal on its own.
Third-party costs come on top and vary by state. Point lists an appraisal of up to $1,000, title and government fees of $1,000 to $1,600, a credit report of $40 to $50 and a $12 flood certification, plus $130 for counseling if a session is required and $199 for each lien payoff, up to $597. It also lists costs when you exit: a reconveyance fee of $40 to $70, a recording fee of $50 to $250 and possibly another appraisal of up to $1,000. Splitero lists an appraisal of $200 to $700, title of $200 to $900, escrow of $250 to $550, a credit report that varies by state and a $30 repurchase statement, and puts its third-party closing costs at about $1,000.
On how much you could access, Splitero’s ceiling is higher. It invests up to 25% of your home’s appraised value and Point’s maximum offer is generally 20%. On a $400,000 home that’s up to $100,000 against $80,000, before either company looks at your equity and existing liens.
Eligibility: who could qualify for each
Both companies evaluate each home on its own, so read these as published starting points. Meeting them doesn’t mean approval.
| Requirement | Point | Splitero |
|---|---|---|
| Minimum credit score | 500 | 500 |
| Equity | Usually 27% or more left after Point’s investment, and typically 45% if Point is in third lien position | More than 25%. The investment plus your mortgage may not exceed 75% of the home’s value |
| Home value | At least $155,000 | $200,000 to $5,000,000 |
| Property types | Single-family homes, condos, townhomes and 1 to 4 unit properties on lots of 7 acres or less. No manufactured or mobile homes, co-ops or homes held in an LLC | Single-family homes, condos, townhomes and 2 to 4 unit properties. Trusts and LLCs are subject to approval. No manufactured or modular homes, and none on 5 or more acres |
| Second homes and rentals | Second homes and investment properties are eligible under different underwriting criteria | May be eligible in some cases, though the FAQs also say the home must be owner-occupied at the start. Confirm with Splitero |
| Lien position | Prefers first or second lien position and must be at least third | Behind your mortgage, or first position if you have none. Second or third only in Missouri |
| Income | Does not verify income or employment | No income or employment requirements, and no documents about either |
| Bankruptcy or foreclosure | Waiting periods apply, such as two years after a Chapter 7 or 11 discharge or dismissal and five years after a foreclosure | Ineligible: a Chapter 7 in the last 4 years, a Chapter 13 less than 2 years from discharge or 4 from dismissal, a foreclosure in the last 7 years, and repeated notices of default or sale |
One more Splitero rule: your senior mortgage can have no more than 30 years left.
See your offer from Point and get an estimate from Splitero to find out whether you could prequalify. Both say prequalifying uses a soft credit pull.
Which states each company serves
Point is available in select regions of 29 states and Washington, D.C., and Splitero in eligible areas of 17. Fourteen states are on both lists. Both operate by area, so an address inside a listed state isn’t automatically eligible.
Both Point and Splitero: 14 states
- Arizona
- California
- Florida
- Missouri
- Nevada
- New Jersey
- Ohio
- Oregon
- Pennsylvania
- South Carolina
- Tennessee
- Utah
- Virginia
- Washington
In Missouri, Splitero invests only in second or third lien position.
Point only: 15 states and Washington, D.C.
- Colorado
- Connecticut
- Georgia
- Hawaii
- Illinois
- Indiana
- Iowa
- Kentucky
- Maryland
- Michigan
- Minnesota
- Nebraska
- New York
- North Carolina
- Wisconsin
- Washington, D.C.
Splitero only: 3 states
- Idaho
- Montana
- Wyoming
Neither company: 18 states
- Alabama
- Alaska
- Arkansas
- Delaware
- Kansas
- Louisiana
- Maine
- Massachusetts
- Mississippi
- New Hampshire
- New Mexico
- North Dakota
- Oklahoma
- Rhode Island
- South Dakota
- Texas
- Vermont
- West Virginia
See the section on when neither fits for who else lists some of these states.
How to get an estimate from each
Neither estimate commits you to anything, and you could request both in a few minutes. If you’d like a rough figure before you share an address with either company, our home equity calculator shows how much cash you could access.
Point: prequalify, apply, close
- Prequalify. Answer a few questions online. Point says this takes about 60 seconds and uses a soft credit inquiry that does not affect your credit.
- Apply. Complete the full application, upload your documents (at minimum a valid ID and your latest mortgage statement) and authorize a hard credit inquiry.
- Valuation and title review. Point arranges a valuation of the home and reviews the title.
- Sign. You sign in person with a notary. A three-day cancellation period follows, and you could cancel at no cost during it.
- Receive your funds. By wire or check, typically within three to five business days after that period. Some homeowners close in as little as three weeks.
Splitero: pre-qualify, apply, close
- Pre-qualify. Enter your address and fill out a short form. Splitero says you get an estimate in less than 2 minutes, with a soft credit pull.
- Complete the application. Answer questions about you, your home and how you plan to use the funds. Splitero runs a hard credit check at this stage.
- Finalize your offer. A third party values the home, Splitero confirms your documents and sets your final amount and Split Percentage.
- Sign. You sign the closing documents at a time Splitero coordinates with you.
- Receive your funds. Splitero wires the money. It says many homeowners go from application to funding in as little as 20 days.
When neither Point nor Splitero fits
Sometimes the honest answer is neither one.
Your credit score is under 500. That’s below the published minimum at both companies.
You have less than about 25% equity. Splitero wants more than 25% equity and Point usually wants you to keep 27% or more after its investment. Paying down your mortgage or waiting for the home to appreciate could get you there.
You need less than $30,000. That’s under both minimums. Hometap starts at $15,000, with a minimum that varies by state, and publishes a minimum FICO score of 575, among other qualifying criteria, for a home located in an eligible state.
Your state is on neither list. Other home equity agreement companies cover some of the gaps. Hometap lists Alabama, Delaware, New Hampshire and New Mexico, Unlock lists Vermont, Nada lists Arkansas, Kansas, Louisiana and Oklahoma, and Unison lists Rhode Island. We have no home equity agreement company to point you to in Alaska, Maine, Massachusetts, Mississippi, North Dakota, South Dakota or West Virginia, and in Texas only one company lists the state, so a HELOC or a home equity loan is usually the practical route there.
You’d rather have a credit line. If you have steady income and want to make monthly payments, a HELOC is the product to compare. Figure offers one with an online application, and our HEI vs HELOC comparison walks through the trade-offs.
You want a wider field. Our comparison of home equity agreement companies covers more options, and the home equity hub explains the other ways to use the equity in your home.
Point vs Splitero: the bottom line
Point and Splitero answer the same need with different trade-offs. Point is the longer, lower-fee option that starts smaller: a flat 30-year term, a 3.9% fee, offers from $30,000 and a footprint that reaches 15 more states and D.C. Splitero is the one that shows more of its limit on cost up front: a published 17.99% Safety Cap, access to up to 25% of your home’s value and a term that follows your mortgage.
Neither is cheap, and neither can tell you what you’d owe until it has your address. Get both estimates before you decide.
Point could make sense if your credit score is 500 or higher, you need $30,000 or more, you want as long as 30 years to settle and your home is in a region Point serves.
Splitero could make sense if your credit score is 500 or higher, you have well over 25% equity, you need $50,000 or more and your home is in an eligible area of its 17 states.
More: Compare more home equity agreement companies
Point vs Splitero FAQ
Neither is better for everyone. Point is the one to look at first if you need less than $50,000, want a flat 30-year term, would rather pay the lower fee or live in a state only Point serves. Splitero is the one to look at first if you want a published cap on the cost, access to up to 25% of your home’s value or a term matched to your mortgage. If you could qualify for both, compare an estimate from each in dollars.
Point and Splitero both publish a minimum credit score of 500. Qualifying also depends on your equity, the property and where it is located.
There is no single answer, because they calculate what you owe differently. Point’s fee is lower, 3.9% against 4.99%. At the end, Point‘s own example shows $114,300 on $50,000 after five years at 3.5% yearly appreciation, and Splitero‘s example shows $240,000 on $100,000 after five years. The assumptions differ and each company sets your percentage in your offer, so compare your own two estimates.
Point is available in select regions of 29 states and Washington, D.C., and Splitero in eligible areas of 17. Fourteen are on both lists: Arizona, California, Florida, Missouri, Nevada, New Jersey, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, Utah, Virginia and Washington. Idaho, Montana and Wyoming are Splitero only. Colorado, Connecticut, Georgia, Hawaii, Illinois, Indiana, Iowa, Kentucky, Maryland, Michigan, Minnesota, Nebraska, New York, North Carolina, Wisconsin and Washington, D.C. are Point only.
Point’s term is 30 years. Splitero’s term is the later of your first mortgage’s maturity date or 10 years, up to 30. With either one you could settle early with no penalty.
Yes. Point charges a 3.9% processing fee with a $2,000 minimum, and Splitero charges a 4.99% origination fee with a $1,500 minimum. Both come out of your proceeds, and third-party costs are extra.
No. Point does not verify income or employment, and Splitero has no income or employment requirements.
You settle by selling the home, refinancing or using savings. If you haven’t settled, Point says it may exercise its option and become a co-owner with the right to sell the home. Splitero says you could refinance, pay cash or sell, and that a re-split may be an option.
How we compared Point and Splitero
This comparison is the editorial view of smarts.co. Every figure for Point and Splitero comes from the terms each company publishes on its own website, as read for our Point review and our Splitero review on October 6, 2026, and from our own arithmetic where we say so. State lists for Hometap, Unlock, Unison and Nada are from their own sites. We did not give either company a score. Where a company doesn’t publish a term, we say so and don’t fill the gap.
Sources (5)
We use primary sources: each company’s own product pages and legal terms.
- Point. Home Equity Investment product pages, How the HEI works and Licenses. point.com. Accessed October 6, 2026.
- Point. Help center articles on eligibility, available states, fees, pricing, the Homeowner Protection Cap and funding. help.point.com. Accessed October 6, 2026.
- Splitero. Home page, How It Works, Eligibility, Pricing, FAQs and Licenses. splitero.com. Accessed October 6, 2026.
- Hometap. FAQs and How It Works. hometap.com. Accessed October 6, 2026.
- Figure. Home Equity Line of Credit page. figure.com. Accessed October 6, 2026.
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