SoFi Mortgage
SoFi Mortgage
in Home Loans from SoFi · NMLS ID #1121636

SoFi Mortgage

in Home Loans from SoFi · NMLS ID #1121636
Net Recommendation Score +100  


This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.


Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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Loan Amount Up to $3,000,000
Loan Term (Years) 15 - 30 years
Credit Score Range N/A
No Origination Fee N/A

SoFi Mortgage Review

SoFi Mortgage are offered by SoFi (NMLS #1121636), a nonbank financial services provider founded in 2011 and based in San Francisco, CA. SoFi Mortgage are available in 43 states (and Washington, DC).

Key Takeaways

  • Specializes in multi-family properties. Only offers mortgages for multi-family properties, but not for single-family homes or manufactured homes.
  • Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
  • Maximum LTV. SoFi Mortgage has a maximum loan to value ratio of 80%.

SoFi Mortgage Pros & Cons

Pros Cons
  • Available in 43 states.
  • Charges an origination fee.
  • Charges prepayment fees.

SoFi mortgage FAQ

How much can you borrow via SoFi?

SoFi mortgage 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 is the maximum loan term you can get with SoFi mortgage?

SoFi mortgage offers mortgages with terms ranging from 15 to 30 years. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What mortgage rates does SoFi offer?

Mortgage rates change daily based on market conditions and vary significantly depending on the loan type and the length of the term. For instance, fixed rate mortgages will typically have a higher interest rate than mortgages with variable rates, and jumbo loans usually have higher mortgage rates than conforming conventional loans. Find the best interest rate available to you by getting quotes from three or more mortgage lenders before choosing a home loan.

SoFi mortgage offers home loans with APRs starting at 3.788% .

Do they charge mortgage origination fees?

Yes, SoFi mortgage may charge a loan origination fee.

What property usage types does SoFi mortgage allow?

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

  • Primary home
  • Secondary homes and vacation properties

What is the customer service phone number?

The customer service number for SoFi Mortgage is (844) 945-7634.

What is the support contact email?

The support contact email for is

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Message From Our Editor

What We Love About SoFi Mortgages

Many features help make SoFi Mortgages a good option for those searching for a loan. There are no application or origination fees, which is a massive benefit. This could help you to save thousands of dollars on closing costs and origination fees.

Additionally, there aren’t any prepayment or penalty fees. You can get loans up to several million dollars, and preapproval doesn’t require a hard credit inquiry. The application process will take 30 days or less, and you will only need to have a small down payment for the property you want to buy. This is lower than what many other lenders will charge. Another benefit is that the loans are available for both primary homes and secondary homes.

What SoFi Mortgages Could Do Better

Although the company does offer some great benefits and they could be a good solution for many, there are some things they could perhaps do better. You’ll find, for example, that it can be quite difficult to qualify for loans through SoFi Mortgages. You need to have excellent credit history and solid employment history with a high income. You have to be the age of majority in the state where you reside, and you’ll need to be a permanent resident or US citizen. The qualifications are difficult, and some might wish it were easier to qualify. Of course, they can offer what they do because they are selective.

SoFi Mortgages Backstory

SoFi was founded in 2011 by Stanford business school students, and their mortgages are a relatively recent loan product from the company. They also offer personal loans and student loans. They have more than a million members, more than $50 billion in funded loans, and more than $22 billion in debt paid off by members.

The Verdict

You can find plenty of great reasons to consider choosing this mortgage company for your loan, provided you can qualify. It’s not easy to meet the requirements, but since there’s no hard credit pull for preapproval, it could be worth considering.


Hours of Operation

  • Sunday 4:00am - 5:00pm
  • Monday 4:00am - 9:00pm
  • Tuesday 4:00am - 9:00pm
  • Wednesday 4:00am - 9:00pm
  • Thursday 4:00am - 9:00pm
  • Friday 4:00am - 5:00pm
  • Saturday 4:00am - 5:00pm

Other Services by SoFi


  Available in 43 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Michigan
  • Minnesota
  • Mississippi
  • Montana
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Washington
  • Washington, DC
  • Wisconsin
  • Wyoming

Feature Breakdown

Intended Use
  • Primary Home
  • Secondary Home
Maximum LTV 80%
Primary Residence
APR Starting at 3.788%
Loan Amount Up to $3,000,000
Loan Term 15 - 30 years

SoFi Mortgage Community Reviews


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This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.


Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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