Where does SoFi do business?

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).

How much can you borrow via SoFi?

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.

What range of rates does SoFi offer?

SoFi offers home loans with APRs starting at 3.274% .

Does SoFi charge a mortgage origination fee?

Yes, SoFi may charge a loan origination fee.

Does SoFi charge prepayment fees?

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.

What property usage types does SoFi allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. SoFi allows the following property usage types: 

  • Primary home
  • Secondary homes and vacation properties 

  • Intended Use
    • Primary Home
    • Secondary Home
  • Primary Residence
  • Loan Amount
    Up to $3000000
  • APR
    Starting at 3.274%
  • Terms
    15, 30
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