SoFi is a direct lender based in San Francisco, CA. The company was founded in 2011 and offers mortgages to borrowers in 43 states across the USA (and Washington, DC).
SoFi allows borrowers to apply for loan amounts of up to $3,000,000. Note that the maximum loan amount you can borrow will also vary depending on the type of mortgage you choose, regardless of the lender you choose.
SoFi offers home loans with APRs starting at 3.274% .
Yes, SoFi may charge a loan origination fee.
Yes, SoFi charges additional fees to borrowers who pay off their loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment fees can reduce or even cancel the interest savings of repaying a loan early.
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. SoFi allows the following property usage types: