SoFi Mortgage

SoFi Mortgage

in Home Purchase Mortgages from SoFi · NMLS ID #1121636


SoFi Mortgage


in Home Purchase Mortgages from SoFi · NMLS ID #1121636

Net Recommendation Score +100%



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.

Rating not yet determined  

1 user recommends
0 users are unsure
0 users don't recommend
Cast your vote

Would you recommend SoFi Mortgage to your friends?

Thanks for your vote!

You voted: May or may not recommend

Community Rating

Rating not yet determined  

Loan Amount Up to $3,000,000
Loan Term (Years) 15 - 30 years

SoFi Mortgage Review

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

SoFi Mortgage FAQ

How much can you borrow via SoFi Mortgage?

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 range of rates does SoFi Mortgage offer?

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

Does SoFi Mortgage charge a mortgage origination fee?

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
SuperMoney Disclosure: is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.


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

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.


  Available in 43 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • 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
  • 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
Terms 15, 30

SoFi Mortgage Community Reviews


Would you recommend SoFi Mortgage to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
Cancel my vote
(will require moderator approval)



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.

sorted by

Other Home Purchase Mortgages