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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
Net Recommendation Score +100  

SUPERMONEY NET RECOMMENDATION SCORE

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

+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
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Highlights
Community Rating

Rating not yet determined  

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 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 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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Contact

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

Availability

  Available in 42 states and Washington, D.C.
  • Alabama
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Michigan
  • Minnesota
  • Mississippi
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Washington
  • Wisconsin
  • Wyoming

Feature Breakdown

Intended Use
  • Primary Home
  • Secondary Home
APR Starting at 3.377%
Loan Term 15 - 30 years
Loan Amount Up to $3,000,000
Interest Rate Types Offered Hybrid Mortgage
Terms 5/1, 7/1, 15, 30 years

SoFi Mortgage Refinance Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

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

+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.

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