Point vs Splitero is a closer call than most home equity comparisons. Both hand you a lump sum, ask for no monthly payments, set the minimum credit score at 500 and skip the income check. What splits them is the size of the check you need, where your home is, how long you want to settle and how much of the price you can see before you apply.
Our take: Look at Point if you need less than $50,000, if your home is in one of the 15 states or Washington, D.C. that Splitero doesn’t serve, or if you want a flat 30 years. Look at Splitero if you want to take up to 25% of your home’s value (against a general limit of 20% at Point), if your home is in Idaho, Montana or Wyoming, or if you’d like to read the cap rate before you apply. In the 14 states both serve, get both estimates and compare them in dollars.
Point and Splitero at a glance
Every figure below is from each company’s own website, as we published it in our reviews. Both products are home equity investments with no monthly payments, and both companies record a lien on the home to secure their interest.
More in our reviews: Point review, with costs, requirements, pros and cons, and the Splitero review. If you’re also weighing a third company, Hometap vs Point covers the one most people add.
The differences that decide the outcome
Several rows above match. These four don’t, and each one can decide which company you end up with.
How much you can take
Point shows $30,000 to $600,000 and says a maximum offer is generally 20% of your home’s value. Splitero shows $50,000 to $600,000 and goes up to 25%, with a $75,000 minimum in Wyoming. On a $400,000 home, that’s $80,000 against $100,000 before either company looks at your equity and existing liens. If you need $30,000 to $49,999, Splitero is out.
How long you have to settle
Point’s term is 30 years. Splitero calls its approach Maturity Match: your term is the later of your first mortgage’s maturity date or 10 years from the start, up to 30. Someone with 22 years left on a mortgage would get 22 years. Someone with no mortgage would get 10. So if you own your home outright and want a long runway, Point is the one that gives it to you.
Both let you settle early with no penalty, through a sale, a refinance or savings. Point doesn’t allow partial repayments, and Splitero doesn’t describe a partial option. Neither term is open ended. Point says that if you haven’t bought back your equity by the end, it may exercise its option and become a co-owner with the right to sell the home. Splitero says you could refinance, pay with cash or sell, and that a re-split (a new investment that repurchases the first one) may be an option.
How much of the price you can see before you apply
Splitero publishes its cap: 17.99% a year, compounded monthly. It also publishes one worked example. Point publishes its fee and an example too, but not the percentage it takes or the rate behind its cap. Both arrive with your offer. If you’d like to hold a number up against a HELOC quote before you hand over an address, Splitero gives you a ceiling to start from and Point doesn’t. The next section shows what each ceiling means.
How each one prices its share
This is the part to read slowly, because the two companies don’t measure cost the same way.
Point works on a share of appreciation. When you buy back your equity, you owe what you received plus an agreed percentage of how much the home has gained. Point measures the gain from a starting value it sets below your appraisal (27% below, in the example on its product page). A home that only holds its value still shows a gain in that formula. Point also runs a second figure, the Homeowner Protection Cap, and you pay the lower of the two.
Splitero works on a share of the home’s value. You and Splitero agree on a Split Percentage, and at repurchase you owe that percentage of the home’s value or the Safety Cap, whichever is less. Splitero’s one published example pairs a 10% investment with a 20% Split Percentage. Splitero doesn’t publish a table of percentages, so yours shows up in your offer.
Each company’s five-year example
These are the two published examples. The homes and the assumptions differ, so read them as two illustrations and not as a matched test.
| Point’s example, $50,000 on a $500,000 home | Sale price after 5 years | Point is paid |
|---|---|---|
| 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 cost example on Point’s product page, which uses a starting value of $365,000. Point describes the amount in both rising scenarios as capped. Your percentage and cap could differ. Fees aren’t included.
| Splitero’s example, $100,000 on a $1,000,000 home | Home value after 5 years | Splitero is paid |
|---|---|---|
| Value rises to $1,200,000 (Splitero’s example) | $1,200,000 | $240,000 |
| No change in value | $1,000,000 | $200,000 |
| Value falls 10% | $900,000 | $180,000 |
The first row is Splitero’s own. The other two are our arithmetic from its 20% Split Percentage. The Safety Cap on $100,000 is about $244,202 after five years, so the percentage is the lower number in each row. Fees aren’t included.
The two rising examples land close together. Point’s home gains 18.8% over five years and the amount due is $114,300 on $50,000 received, which is 2.29 times the cash. Splitero’s home gains 20.0% and the amount due is $240,000 on $100,000 received, or 2.4 times. That’s our division, not either company’s claim, and it rests on two different homes.
The declines are where they part ways. Point’s example comes in just under what you received, but only after the home loses 6.25% a year for five years, and Point itself says that isn’t typical. Splitero’s 20% split on a home that falls 10% still comes to $180,000 on $100,000 received.
See your offer from Point and get an estimate from Splitero, then set the two projected amounts side by side for the year you expect to settle.
Fees and closing costs
At both companies, fees come out of your proceeds at closing. You don’t pay anything out of pocket to apply. Point charges 3.9% with a $2,000 minimum. Splitero charges 4.99% with a $1,500 minimum. Point is lower at every amount Splitero offers.
| Amount received | Point fee | Splitero fee |
|---|---|---|
| $30,000 | $2,000 | Below its $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, rounded to the nearest dollar. Third-party costs come on top at both.
Third-party costs vary by state and county. Point lists an appraisal of up to $1,000, title and government charges of $1,000 to $1,600, a credit report of $40 to $50 and a $12 flood certification, plus $130 if counseling is required and $199 for each lien payoff it processes, 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 and a $30 repurchase statement, plus a credit report that varies by state. Its pricing page puts third-party costs at about $1,000.
Who qualifies
Both evaluate each home individually, so treat these as published starting points. Meeting them doesn’t mean an approval.
| Requirement | Point | Splitero |
|---|---|---|
| Minimum credit score | 500. Waiting periods apply after a bankruptcy (two years from discharge or dismissal for Chapter 7 or 11) or a foreclosure (five years) | 500. Not eligible: a Chapter 7 in the last 4 years, a Chapter 13 less than 2 years from discharge or 4 from dismissal, or any foreclosure in the last 7 years |
| Equity | Usually 27% or more left once Point has invested, and typically 45% if Point holds third lien position | More than 25% before funding. The investment plus your mortgage balance can’t 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. Manufactured and mobile homes, co-ops and properties held in an LLC are excluded | Single-family homes, condos, townhomes and 2 to 4 unit properties. Homes in a trust or LLC need approval. Manufactured and modular homes, and properties on 5 or more acres, are excluded |
| Second homes and rentals | Qualify under different underwriting criteria | In some cases. Splitero’s FAQs also say the property must be owner-occupied at origination, so confirm before you apply |
| Lien position | Prefers first or second and must hold at least third | Behind your mortgage, or first if you have none. Second or third only in Missouri |
| Income | Doesn’t verify income or employment | No income or employment requirements |
Point’s figures are from its help center and product page. Splitero’s are from its Eligibility page and FAQs.
See your offer from Point and get an estimate from Splitero. Both say pre-qualifying uses a soft credit inquiry that doesn’t affect your credit.
States served by each company
Point serves select regions of 29 states and Washington, D.C., and says availability may vary by county. Splitero serves eligible areas of 17 states. Fourteen states are on both lists, so most people reading this have a real choice.
Both Point and Splitero: 14 states
- Arizona
- California
- Florida
- Missouri
- New Jersey
- Nevada
- Ohio
- Oregon
- Pennsylvania
- South Carolina
- Tennessee
- Utah
- Virginia
- Washington
Point only: 15 states and Washington, D.C.
- Colorado
- Connecticut
- Georgia
- Hawaii
- Iowa
- Illinois
- Indiana
- Kentucky
- Maryland
- Michigan
- Minnesota
- North Carolina
- Nebraska
- New York
- Wisconsin
- Washington, D.C.
Point serves select regions, so confirm your address when you prequalify.
Splitero only: 3 states
- Idaho
- Montana
- Wyoming
Splitero operates in specific areas of its states, so an address inside one isn’t automatically eligible.
Neither company: 18 states
- Alaska
- Alabama
- Arkansas
- Delaware
- Kansas
- Louisiana
- Massachusetts
- Maine
- Mississippi
- North Dakota
- New Hampshire
- New Mexico
- Oklahoma
- Rhode Island
- South Dakota
- Texas
- Vermont
- West Virginia
The next section covers who else lists some of these.
Getting an estimate from each
Neither estimate commits you to anything, and you could request both in a few minutes.
Point puts prequalifying at about 60 seconds. After the full application, a valuation and a title review, you sign with a notary. A three-day rescission period follows, and funds typically arrive three to five business days after that. Point says some homeowners close in as little as three weeks.
Splitero says its estimate takes under 2 minutes. The full application includes a hard credit check, so it’s worth waiting to apply until you’ve decided to go ahead. Splitero says many homeowners go from application to funding in as little as 20 days, and the money arrives by wire.
When neither is the right fit
Sometimes the honest answer is another company, or another product.
Your credit score is under 500. That’s below the published minimum at both.
You have less equity than they want. Splitero needs more than 25% and Point usually wants you to keep 27% or more. Paying down your mortgage or waiting for the home to appreciate could get you there.
Your state is on neither list. Other companies cover some of the 18. Hometap lists Alabama, Delaware, New Hampshire and New Mexico, Unison lists Delaware, Kansas, New Mexico and Rhode Island, Nada includes Arkansas, Kansas, Louisiana and Oklahoma, and Unlock includes Vermont. In Alaska, Maine, Massachusetts, Mississippi, North Dakota, South Dakota and West Virginia we have no home equity agreement company to point you to, and in Texas only one lists the state. A HELOC or home equity loan is usually the practical route there.
You’d rather have a credit line. If you have steady income and the payment fits, a HELOC is the product to price. Our HEI vs HELOC comparison goes through the trade-offs, and the full list of home equity agreement companies shows the rest of the field.
Point vs Splitero in short
Point and Splitero meet the same need with a different mix. Point is the cheaper to start (3.9% against 4.99%), takes smaller amounts, runs a flat 30 years and covers more states. Splitero reaches a larger share of the home, covers three states Point doesn’t and shows you its cap rate up front. Either way, plan on settling for a lot more than you received if the home gains value.
Point could make sense if your credit score is 500 or higher, you need less than $50,000 or want a 30-year term, and your home sits 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 one of its 17 states.
More: See more home equity agreement companies, compared
Point vs Splitero questions, answered
Neither is better for everyone. Point is the one to start with if you need less than $50,000, want a flat 30-year term or live in a state only Point serves. Splitero is the one to start with if you want up to 25% of your home’s value, live in Idaho, Montana or Wyoming, or want to read the cap rate before you apply. If you qualify for both, compare an estimate from each in dollars.
Both publish a minimum of 500. Waiting periods apply after a bankruptcy or foreclosure at both, and approval also depends on your equity, your property and where it’s located.
Point’s fee is lower: 3.9% with a $2,000 minimum against 4.99% at Splitero. The cost at the end depends on your offer. In each company’s five-year example the amount due is about 2.3 to 2.4 times the cash received when the home gains 19% to 20%, but those are two different homes with different assumptions, so compare your own two estimates.
No. Nothing is due at either company until you buy back your equity, which you could do at any point in the term. You still pay your mortgage, property taxes, insurance and upkeep.
Point gives 30 years. Splitero’s term follows your first mortgage and runs from 10 to 30 years, so a homeowner with no mortgage would get 10.
Yes. Splitero’s Safety Cap is 17.99% a year, compounded monthly. Point has a Homeowner Protection Cap too, but the rate arrives with your offer.
Fourteen states 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, and 15 more states and Washington, D.C. are Point only. Both serve select areas, so your address has the last word.
How we put this comparison together
This comparison is Banks Done Right’s editorial view. Every figure about Point and Splitero comes from our own published reviews of each company, which are built on the companies’ product pages, FAQs and help centers, read on October 6, 2026. We did not give either company a score. The fee table and the Splitero decline rows are our own arithmetic, and the state overlaps are counted from the two published lists.
Sources (2)
The company figures were read on each company’s own website on October 6, 2026. Our reviews list those pages.
- Banks Done Right. Point Home Equity Review. banksdoneright.com. Accessed October 13, 2026. Company figures in it were read October 6, 2026 from point.com and help.point.com.
- Banks Done Right. Splitero Reviews. banksdoneright.com. Accessed October 13, 2026. Company figures in it were read October 6, 2026 from splitero.com.
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Keep reading
RoundupTop Home Equity Agreement Companies ComparedCompare costs, minimum credit scores and state coverage for each company.
ReviewPoint Review: What to Know FirstCosts, who qualifies and what to check before you sign.
ReviewSplitero Review: What to Know FirstCosts, who qualifies and what to check before you sign.
Terms, pricing and availability change. Check the current terms on each company’s site before you apply.