To apply for a SoFi mortgage, you must be a U.S. citizen or permanent resident and the age of majority in your state of residence and you must reside in one of our eligible states. Mortgage eligibility also depends on a number of additional factors, such as your credit score, your income and employment status. Please review our Eligibility Criteria for further details.
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.
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.
NMLS Consumer Access