Last Updated: 04/18/2025
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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
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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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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