Before you apply for SoFi student loan refinancing, we’d like you to be aware of the eligibility criteria. In addition to the information noted below, you must also meet our underwriting criteria to obtain a loan from SoFi.
State Eligibility:We offer refinance loans in 49 states plus the District of Columbia. Residents of Nevada are not eligible for a refinance loan at this time.
Minimum loan amount:$5,000 (may be higher in specific states due to legal requirements)
Eligibility criteria current as of 9/15/16
State Eligibility:We offer Parent Loans in 49 states plus the District of Columbia. Residents of Nevada are not eligible at this time, and variable rate loans are not offered in Illinois or Ohio.
Loan amount:Minimum $5,000 (may be higher in specific states due to legal requirements) Maximum up to the Cost of Attendance (less any grants and other aid)
Eligibility criteria current as of 9/15/16
Personal loans have a minimum loan amount of $5,000 and maximum of $100,000. Minimum loan amount may be higher in specific states due to legal requirements.
State Eligibility:SoFi Personal Loans are not available to residents of MS and NV. Maximum interest rate on loans for residents of AK, OK, TX and WY is 9.99% APR, for residents of ME is 12.24% APR and for residents of CO, CT, HI, KS, SC, VA is 11.99% APR. Personal loans not available to residents of Michigan who already have a student loan with SoFi. Personal Loans minimum loan amount is $5,000. Residents of AZ, IL, MA, and NH have a minimum loan amount of $10,001. Residents of KY have a minimum loan amount of $15,001. Variable rates not available to residents of AK, IL, OK, TX, WY.
Consumer Credit License No. 21983
SoFi Lending Corp., 1035 W. Queen Creek Rd Ste 101 Chandler, AZ 852480, Mortgage Banker License #BK-0934275;
Licensed by the Department of Business Oversight under the California Finance Lender Law License No. 6054612/NMLS # 1121636
Mortgage Company Registration License: 1121636
Licensed by the Connecticut Department of Banking – Mortgage Lender License # ML-1121636
Delaware Lender License # 30278
Mortgage Dual (Lender & Broker) Authority License No. MLB 1121636
Mortgage Lender Servicer License # MLD1108
Georgia Mortgage Lender License No. 42010
Mortgage Broker/Lender License: MBL-8673
Illinois Residential Mortgage Licensee License No. MB.6761063 Department of Financial and Professional Regulation Division of Banking 100 West Randolph, 9th Floor Chicago, IL 60601 312-814-4500
First Lien Mortgage Lending License No. 25660
Maryland Mortgage Lender License # 21585
Residential Mortgage Originator License # MN-MO-1121636
Licensed by the Montana Division of Banking and Financial institutions, Montana Mortgage Lender License # 1121636
Licensed by the New Jersey Department of Banking and Insurance Residential Mortgage Lender License 1121636
Licensed Mortgage Banker – NYC Department of Financial Services License Number 108933 – NMLS 1121636
Mortgage Lender License No. L-160812
Money Broker License No. MB102764
Oregon Mortgage Lending License # ML-5418
Licensed by the Pennsylvania Department of Banking Mortgage Lender License No. 46311
Rhode Island Lender License # 20153065LL
Tennessee Mortgage Lending License # 127518
Consumers wishing to file a complaint against a mortgage company or a licensed mortgage company residential mortgage loan originator should complete and send a complaint form to the Texas Department of Savings and Mortgage Lending, 2601 North Lamar, Suite 201, Austin, Texas 78705. Complaint forms and instructions may be obtained from the department’s website at WWW.SML.TEXAS.GOV. A toll-free consumer hotline is available at 1-877-276-5550.
The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed mortgage company residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department’s website at WWW.SML.TEXAS.GOV. The department maintains the mortgage broker recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult Subchapter F of the Mortgage Broker License Act on the department’s web at WWW.SML.TEXAS.GOV.
Licensed by the Vermont Banking Division – Lender License # 6705
Virginia Lender License # MC-5906 – SoFi Lending Corp. NMLS ID #1121636. NMLSconsumeraccess.org. As a result of refinancing, the total finance charge over the life of the loan may be higher.
Consumer Loan Company License CL-1121636
Mortgage Banker License 1121636BA
Wyoming Mortgage Lender License # 2659
If you don’t see your state listed here, please let us know you are interested so that we can contact you as we expand our mortgage program.Email us or call 844-763-4466