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SoFi Mortgage Refinance

in Mortgage Refinance from SoFi · NMLS ID #1121636

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SoFi Mortgage Refinance

Claimed

in Mortgage Refinance from SoFi · NMLS ID #1121636

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

SoFi Mortgage Refinance Review

SoFi Mortgage Refinance is offered by SoFi (NMLS #1121636), a nonbank financial services provider founded in 2011 and based in San Francisco, CA. SoFi Mortgage Refinance is available in 42 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.
Non-standard interest rates available. SoFi Mortgage Refinance only offers hybrid mortgages.
Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage refinance loan early.

SoFi Mortgage Refinance Pros & Cons

Pros	Cons
Available in 42 states.	Charges an origination fee. Charges prepayment fees.

SoFi Mortgage Refinance FAQ

What is the maximum loan term for a mortgage refinance via SoFi Mortgage Refinance?

The term of a mortgage refinance will impact the cost of your monthly payments. Longer terms will typically reduce your monthly payments but it will also increase the interest you pay. SoFi Mortgage Refinance offers mortgages refinancing with terms ranging from 15 to 30 years.

Does SoFi Mortgage Refinance charge a mortgage origination fee?

Yes, SoFi Mortgage Refinance will charge a loan origination fee.

What property usage types does SoFi Mortgage Refinance allow?

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

Primary home
Secondary homes and vacation properties

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