A pre-qualification is an estimate of how much you can borrow and the rates you are eligible for (as determined using today’s rates), based on a preliminary review of your credit report and information you provided to us. With SoFi, there is no fee to get pre-qualified and we do a soft credit pull, which means it won’t affect your credit score.
A pre-approval is a more formal offer, based on a complete credit check, evaluation of your employment history, income and assets, and the completion of the Automated Valuation Model (AVM) for the property you’d like to purchase. A pre-approval allows you to submit an offer with confidence that you are personally approved for a loan. Once you have identified a property to purchase, it must meet SoFi property eligibility standards.
Once you join the Entrepreneur Program, you are part of our network indefinitely. Core benefits of the program, including formal pitch opportunities and coordinated peer networking, last 6 months.
No, you can receive most benefits remotely, though we will facilitate occasional in-person events for members in the San Francisco Bay Area.
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 permanent resident and meet SoFi's underwriting requirements. Not all borrowers receive the lowest rate. To qualify for the lowest rate, you must have excellent credit and meet other conditions. Your actual rate will be within the range of rates listed above and will depend on a variety of factors, including credit score, credit usage and history, years of experience, income and other factors. If approved, your rate will be within the range of rates and will depend on the term of your loan, your credit history and other factors. Rates and Terms are subject to change at anytime without notice. This information is current as of March 20, 2015 and is subject to change. SoFi loans are originated by SoFi Lending Corp., NMLS # 1121636.
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