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Last Updated: 04/18/2025

SoFi Mortgage Refinance

from SoFi

Last Updated: 04/18/2025

Rating not yet determined2 total votes

2 users recommend

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Highlights

Credit Score Range

N/A

Amount Range

Up to $3,000,000

Loan Term (Years)

15 - 30

SoFi Mortgage Refinance Review

SoFi Mortgage Refinance is offered by SoFi (NMLS #1121636), a bank founded in 2011 and based in San Francisco, CA. SoFi Mortgage Refinance are 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.
Primary and secondary homes considered. SoFi Mortgage Refinance offers refinancing for both primary residences and vacation homes. Investment properties are not eligible.
Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.

SoFi Mortgage Refinance Pros & Cons

Pros

Cons

Available in 42 states.

Charges an origination fee.
Charges prepayment fees.
No co-sign option available.

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 mortgage refinancing with terms ranging from 15 to 30 years.

How long does SoFi Mortgage Refinance take to refinance?

SoFi Mortgage Refinance does not provide details on the average time to close a refinance. However, it typically takes 30 to 45 days to complete a refinance. Of course, a lot depends on the market, the lender, and how long appraisals and inspections take.

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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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.

Contact

Headquarters

234 1st Street

San Francisco, CA 94105

Visit Site

Email Support

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

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SuperMoney Net Recommendation Score

Not enough SuperMoney users have reviewed this product to provide a recommendation score or rating.

+100

-1000+100

No one recommends

Everyone recommends

The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.

SoFi Mortgage Refinance Community Reviews

Would you recommend SoFi Mortgage Refinance to your friends?

MC

Mazhar C.

Nov 25, 2022

May or may not recommend

They are extremely easy to work with. I also like that they are not a traditional bank so they dont try and upsell me on products that i do not need. However, there should be a way to decrease or lower the fees associated with refinancing.

MG

May G.

Jun 7, 2022

May or may not recommend

They are extremely easy to work with. I also like that they are not a traditional bank so they dont try and upsell me on products that i do not need. However, there should be a way to decrease or lower the fees associated with refinancing.

Showing 2 of 2 reviews