Eligibility Criteria

Student Loan Refinancing Eligibility

Before you apply for SoFi Student Loan Refinancing to refinance your student or Parent PLUS loans, 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.

  • You are at least the age of majority in your state and able to enter into a binding contract.
  • Be a US citizen, permanent resident, or non-permanent resident alien. Residents of Puerto Rico and the U.S. Virgin Islands are also eligible.
    * US citizens must be able to show one of the following: an image or scan of their valid U.S. driver’s license with photograph, certified birth certificate, valid U.S. passport, valid U.S. permanent resident card, valid government issued ID card, valid global entry card, report of birth abroad form, certificate of citizenship, or certificate of U.S naturalization.
    * Permanent residents must be able to show one of the following: an image or scan of their permanent residency card (Green Card) with no expiration date or a permanent residency card (Green Card) with an expiration date more than 2 years past the “Resident Since” date. If the permanent residency card (Green Card) has an expiration date 2 years or shorter from the “Resident Since” date, it must also be accompanied by a copy of an I-751 receipt notice (I-751 NOA) or I-829 receipt issued within the last 12 months.
  • Non-permanent resident aliens (including DACA recipients and asylum seekers) must have valid documentation showing immigration status is current, including a valid E-2, E-3, H-1B, J-1, L-1, or O-1 Visa or a Form I-797A or I-797B.
  • DACA (Deferred Action for Childhood Arrivals)
    • * Valid Employment Authorization Document showing immigration status is current, and must either have applied for DACA (I-821D) or Permanent Residency (I-485).
  • Asylum
    * Valid Employment Authorization Document, and must have applied for both Permanent Residency (I-485) and application for Asylum and for Withholding of Removal (I-589).
    * You can find more information on acceptable ID documentation here.
  • Borrowers must be employed, have sufficient income from other sources, or have an offer of employment to start within the next 90 days.
  • You have previously enrolled or graduated from degree-granting Title IV eligible schools.
  • * Currently Enrolled Students: Loans currently being used to fund education for actively enrolled students are not eligible for refinancing. For instance, if you’re presently enrolled in a graduate program, SoFi can refinance your undergraduate loans, but not the loans you’re using for your graduate degree until you’ve completed the program.
  • You are looking to refinance educational debt. Bar loans and residency loans are not eligible for refinancing at this time.
    •

    In order to refinance Student Loans, the school they originated from must have been an eligible, accredited Title IV school at the time of matriculation.

    Loan eligibility depends on a number of additional factors, including your financial history, credit score, and monthly income vs. expenses.

    State Eligibility:

    We offer refinance loans in 50 states plus the District of Columbia. We also offer refinance loans to residents of Puerto Rico and the U.S. Virgin Islands.

    Minimum loan amount:

    $5,000 (may be higher in specific states due to legal requirements)

    Eligibility criteria current as of 2/3/25

    Medical Resident Student Loan Refinancing Eligibility

    Am I eligible for a SoFi Medical Resident Refinance loan?

  • You are a medical/dental resident or fellow with up to seven years left in your approved program.
  • Be a US citizen, permanent resident, or non-permanent resident alien. Residents of Puerto Rico and the U.S. Virgin Islands are also eligible.
    * US citizens must be able to show one of the following: an image or scan of their valid U.S. driver’s license with photograph, certified birth certificate, valid U.S. passport, valid U.S. permanent resident card, valid government issued ID card, valid global entry card, report of birth abroad form, certificate of citizenship, or certificate of U.S naturalization.
    * Permanent residents must be able to show one of the following: an image or scan of their permanent residency card (Green Card) with no expiration date or a permanent residency card (Green Card) with an expiration date more than 2 years past the “Resident Since” date. If the permanent residency card (Green Card) has an expiration date 2 years or shorter from the “Resident Since” date, it must also be accompanied by a copy of an I-751 receipt notice (I-751 NOA) or I-829 receipt issued within the last 12 months.
  • Non-permanent resident aliens (including DACA recipients and asylum seekers) must have valid documentation showing immigration status is current, including a valid E-2, E-3, H-1B, J-1, L-1, or O-1 Visa or a Form I-797A or I-797B.
  • DACA (Deferred Action for Childhood Arrivals)
    • * Valid Employment Authorization Document showing immigration status is current, and must either have applied for DACA (I-821D) or Permanent Residency (I-485).
  • Asylum
    * Valid Employment Authorization Document, and must have applied for both Permanent Residency (I-485) and application for Asylum and for Withholding of Removal (I-589).
    * You can find more information on acceptable ID documentation here.
  • You have graduated with an MD, DO, DMD, or DDS from a selection of Title IV accredited university or graduate programs in the U.S.
  • You meet SoFi’s underwriting criteria. Loan eligibility depends on a number of additional factors, including your financial history, credit score, and monthly income vs. expenses.
    •

    State Eligibility:

    We offer refinance loans in 50 states plus the District of Columbia. We also offer refinance loans to residents of Puerto Rico and the U.S. Virgin Islands.

    Minimum loan amount:

    $5,000 (may be higher in specific states due to legal requirements)

    Eligibility criteria current as of 2/3/25

    Undergraduate Student Loans Eligibility

    Before you apply for a SoFi Undergraduate Loan, 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.

    Borrowers:

  • Borrowers must be the age of majority in their state of residence, otherwise an age of majority cosigner is required.
  • Be a US citizen, permanent resident or non-permanent resident alien.

    • * Permanent residents must be able to show an image or scan of their permanent residency card (Green Card), and their Green Card must have a total validity (from issuance to expiry) of at least 2 years.

    * Non-permanent resident aliens (including DACA recipients and asylum seekers) must have valid documentation showing immigration status is current.

  • Borrowers must be employed or have sufficient income from other sources (either borrower or cosigner).
  • Borrowers must use the loan for Qualified Higher Education Expenses at an eligible institution. This loan is not available for associate degree seeking students.
  • Borrowers must be enrolled at least half time in a degree granting program at an eligible institution. This loan is not available for associate degree seeking students. For students who are in their final semester of an undergraduate degree seeking program, we do allow less than half time enrollment.
  • SoFi does not require Satisfactory Academic Progress (SAP).
    •

    Cosigners:

  • Cosigners must be the age of majority in their state of residence.
  • Cosigners must be US citizens, permanent residents, or non-permanent resident aliens. Loan eligibility depends on a number of additional factors, including your financial history, credit score, and monthly income vs. expenses.
    •

    Loan eligibility depends on a number of additional factors, including your financial history, credit score, and monthly income vs. expenses.

    State Eligibility:

    We offer in-school loans in 50 states plus the District of Columbia. We also offer in-school loans to residents of Puerto Rico, the U.S. Virgin Islands, and American Samoa.

    Minimum loan amount:

    The minimum loan amount you can borrow is $1,000.

    Eligibility criteria current as of 3/30/22

    Graduate Student Loans Eligibility

    Before you apply for a SoFi Graduate Student Loan, MBA, Law, or Health Profession Loan, 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.

    Borrowers:

  • Borrowers must be the age of majority in their state of residence, otherwise an age of majority cosigner is required.
  • Borrowers must be a US citizen, permanent resident or non-permanent resident aliens.

    • * Permanent residents must be able to show an image or scan of their permanent residency card (Green Card), and their Green Card must have a total validity (from issuance to expiry) of at least 2 years.

    * Non-permanent resident aliens (including DACA recipients and asylum seekers) must have valid documentation showing immigration status is current.

  • Borrowers must use the loan for Qualified Higher Education Expenses at an eligible institution. International borrowers must have a Social Security Number (SSN) or International Tax Identification Number (ITIN) as well as a physical U.S. address.
  • Borrowers must be enrolled at least half time in a graduate certificate or graduate degree granting program at an eligible institution. For students who are in their final semester of a graduate degree seeking program, we do allow less than half time enrollment.
  • SoFi does not require Satisfactory Academic Progress (SAP).
    •

    Cosigners:

  • Cosigners must be the age of majority in their state of residence.
  • Cosigners must be US citizens, permanent residents, or non-permanent residents. Loan eligibility depends on a number of additional factors, including your financial history, credit score, and monthly income vs. expenses.

    • Loan eligibility depends on a number of additional factors, including your financial history, credit score, and monthly income vs. expenses.

    State Eligibility:

    We offer in-school loans in 50 states plus the District of Columbia. We also offer in-school loans to residents of Puerto Rico, the U.S. Virgin Islands, and American Samoa.

    Minimum loan amount:

    The minimum loan amount you can borrow is $1,000.

    Eligibility criteria current as of TBD

    Parent Student Loans Eligibility

    Before you apply for a SoFi Parent Student Loan, 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.

    Borrowers (parents or other sponsors):

  • Borrowers must be US citizens, permanent residents, or non-permanent resident aliens.
    •

    Students:

  • The student must be enrolled at least half -time in a degree or graduate certificate granting program at an eligible institution.This loan is not available for associate degree seeking students.
  • SoFi does not require Satisfactory Academic Progress (SAP).
    •

    Loan eligibility depends on a number of additional factors, including your financial history, credit score, and monthly income vs. expenses.

    State Eligibility:

    We offer in-school loans in 50 states plus the District of Columbia. We also offer in-school loans to residents of Puerto Rico, the U.S. Virgin Islands, and American Samoa.

    Minimum loan amount:

    The minimum loan amount you can borrow is $1,000.

    Eligibility criteria current as of TBD

    Graduate Certificate Student Loans Eligibility

    Before you apply for a SoFi Graduate Certificate Loan, 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.

    Borrowers:

  • Borrowers must be the age of majority in their state of residence, otherwise an age of majority cosigner is required.
  • Borrowers must be a US citizen, permanent resident or non-permanent resident aliens.

    • * Permanent residents must be able to show an image or scan of their permanent residency card (Green Card), and their Green Card must have a total validity (from issuance to expiry) of at least 2 years.

    * Non-permanent resident aliens (including DACA recipients and asylum seekers) must have valid documentation showing immigration status is current. Borrowers must be employed or have sufficient income from other sources (either borrower or cosigner). International borrowers must have a Social Security Number (SSN) or International Tax Identification Number (ITIN) as well as a physical U.S. address.

  • Borrowers must be employed or have sufficient income from other sources (either borrower or cosigner).
  • Borrowers must use the loan for Qualified Higher Education Expenses at an eligible institution.
  • Borrowers must be enrolled at least half time in a graduate certificate granting program at an eligible institution. For students who are in their final semester of a graduate degree seeking program, we do allow less than half time enrollment.

  • Cosigners:

  • Cosigners must be the age of majority in their state of residence.
  • Cosigners must be US citizens, permanent residents, or non-permanent residents. Loan eligibility depends on a number of additional factors, including your financial history, credit score, and monthly income vs. expenses.
    • SoFi does not require Satisfactory Academic Progress (SAP).

    Loan eligibility depends on a number of additional factors, including your financial history, credit score, and monthly income vs. expenses.

    State Eligibility:

    We offer in-school loans in 50 states plus the District of Columbia. We also offer in-school loans to residents of Puerto Rico, the U.S. Virgin Islands, and American Samoa.

    Minimum loan amount:

    The minimum loan amount you can borrow is $1,000.

    Eligibility criteria current as of TBD

    Personal Loan Eligibility

    Before you apply for a SoFi Personal Loan, 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.

  • You are at least the age of majority in your state and able to enter into a binding contract.
  • You are either a United States citizen, eligible permanent resident, or non-permanent resident alien (including DACA recipients and asylum seekers).
    * US citizens must be able to show one of the following: an image or scan of their valid U.S. driver’s license with photograph, certified birth certificate, valid U.S. passport, valid U.S. permanent resident card, valid government issued ID card, valid global entry card, report of birth abroad form, certificate of citizenship, or certificate of U.S naturalization.
    * Permanent residents must be able to show one of the following: an image or scan of their permanent residency card (Green Card), and their Green Card must have a total validity (from issuance to expiry) of at least 2 years.
    * Non-permanent resident aliens (including DACA recipients and asylum seekers) must have valid documentation showing immigration status is current, including a valid E-2, E-3, H-1B, J-1, L-1, or O-1 Visa or a Form I-797A or I-797B.
    * You can find more information on acceptable ID documentation here.
  • You reside in a state where SoFi Lending Corporation or SoFi Bank, N.A is authorized to lend.
  • You are at least the age of majority in your state.
  • You must be employed, have sufficient income from other sources, or have an offer of employment to start within the next 90 days.
    •

    Loan eligibility depends on a number of additional factors, including your financial history, credit score, and monthly income vs. expenses.

    For applicants with one or more existing SoFi personal loans, the applicant must have made at least three payments, as well as the most recent three payments on-time (not late), on each loan in order to be considered eligible for an additional personal loan.

    State Eligibility:

    Minimum loan requirements might be higher than $5,000 in specific states due to legal requirements. Fixed and variable-rate caps may be lower in some states due to legal requirements and may impact your eligibility to qualify for a SoFi loan.

    See state license information here.

    Minimum loan amount:

    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.

    Eligibility criteria current as of 3/13/19

    Mortgage Eligibility

    Before you apply for a SoFi Mortgage or Mortgage 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 mortgage from SoFi. Loan eligibility depends on a number of additional factors, including your credit score and credit history, monthly income and expenses, assets, and employment status and history. Please note that not all products are offered in all states.

  • You are at least the age of majority in your state
  • You (or any co-borrower or co-signer) are a U.S. citizen, or an eligible permanent resident alien or non-permanent resident alien. Other restrictions and eligibility criteria apply to resident alien applicants and non-permanent resident alien applicants
  • You are purchasing or refinancing a primary residence, second home, or investment property
  • The property you are purchasing or refinancing will be your primary residence, second home, or investment property for at least 12 months
    •

    SoFi Bank, N.A. is currently able to issue and refinance mortgages in all states except purchase only for New York.

    SoFi Bank, N.A., NMLS #696891

    SoFi Bank, N.A. is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age (provided you have the capacity to enter into a binding contract), because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. The federal agency that administers our compliance with these federal laws is the Office of the Comptroller of the Currency, Customer Assistance Group, 1301 McKinney Street, Suite 3450, Houston, TX 77010-9050.

    Mortgage State Licensing Details for SoFi Lending Corp., a state-licensed lender (maintained for servicing purposes):

    Arizona

    SoFi Lending Corp. or an affiliate, 1035 W. Queen Creek Rd Ste 101 Chandler, AZ 85248, Mortgage Banker License #BK-0934275

    Arkansas

    SoFi Lending Corp. or an affiliate, 201 East Markham Suite 300 Little Rock, AR 72201 (501) 324-9260

    California

    Licensed by the Department of Financial Protection and Innovation under the California Financing Law License No. 6054612/NMLS #1121636

    Colorado

    Mortgage Company Registration License: #1121636

    Connecticut

    Licensed by the Connecticut Department of Banking – Mortgage Lender License #ML-1121636

    Georgia

    Georgia Mortgage Lender License #42010

    Idaho

    Mortgage Broker/Lender License: MBL-8673

    Illinois

    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

    General Inquiry Inquiries: 1-888-473-4858
    Division of Banking Direct: 1-844-768-1713
    TYY: 1-866-325-4949

    Iowa

    Mortgage Banker License: #2019-0054

    Kansas

    Mortgage Company License: MC0025600

    Kentucky

    Mortgage Company License: MC701438

    Louisiana

    SoFi Lending Corp. or an affiliate, Louisiana Residential Mortgage Lending License

    Maine

    Supervised Lender License NMLS #1121636

    Maryland

    Maryland Mortgage Lender License #21585

    Massachusetts

    Massachusetts Mortgage Lender and Mortgage Broker License #MC1121636

    Minnesota

    Residential Mortgage Originator License #MN-MO-1121636

    Missouri

    Missouri Mortgage Company License: License #1121636-S

    Montana

    Licensed by the Montana Division of Banking and Financial institutions, Montana Mortgage Lender License #1121636

    New Hampshire

    New Hampshire Mortgage Banker License #23682-MB

    New Jersey

    Licensed by the New Jersey Department of Banking and Insurance Residential Mortgage Lender License #1121636

    New Hampshire

    Mortgage Banker License 23682-MB

    Ohio

    NMLS Number: #1121636, Residential Mortage Lending Act Certificate of Registration: RM.804475.000

    Oregon

    Oregon Mortgage Lending License #ML-5418

    Pennsylvania

    Licensed by the Pennsylvania Department of Banking Mortgage Lender License #46311

    Pennsylvania Mortgage Servicer License #71737

    Rhode Island

    Rhode Island Lender License #20153065LL

    South Carolina

    Licensed by the South Carolina State Board of Financial Institutions, Lender/Servicer License #MLS-1121636

    Licensed by the South Carolina State Board of Financial Institutions, Lender/Servicer License-Other Trade Name #MLS-1121636 OTN #1

    South Dakota

    Mortgage Lender License: ML 05296

    Texas

    License #1121636. 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. SoFi Lending Corp. or an affiliate maintains a physical branch office location at 7700 Windrose Avenue, Suite 105, Plano, Texas 75024.

    Vermont

    Licensed by the Vermont Banking Division – Lender License #6705

    Washington

    Consumer Loan Company License CL-1121636

    West Virginia

    Mortgage Lender License #1121636

    Wisconsin

    Mortgage Banker License 1121636BA

    Wyoming

    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.

    Questions? Chat with us online or call 844-763-4466

    Eligibility criteria current as of April 2022

    Terms and Conditions Apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or other eligible status and and meet SoFi's underwriting requirements. Not all borrowers receive the lowest rate. Lowest rates reserved for the most creditworthy borrowers. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, evaluation of your creditworthiness, years of professional experience, income, and a variety of other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers, or may become available, such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Financial Protection and Innovation under the California Financing Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp. or an affiliate, NMLS # 1121636. (www.nmlsconsumeraccess.org)

    ✝︎ To check the rates and terms you qualify for, SoFi conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.

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