
SoFi Mortgage
Would you recommend SoFi Mortgage to your friends?
Community Rating |
Rating not yet determined |
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
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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 customerservice@sofi.com.
Message From Our Editor
Contact
- Headquarters
-
234 1st Street
San Francisco, CA 94105 USA - (844) 945-7634
- Visit Site
- Email Support
Other Services by SoFi
Availability
- 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 |
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Maximum LTV | 80% |
SoFi Mortgage Community Reviews
Would you recommend SoFi Mortgage to your friends?
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