†To check the rates and terms you may 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.
SoFi Bank, N.A. NMLS #696891 (Member FDIC), offers loans directly or we may assist you in obtaining a loan from Spring EQ, a state licensed lender, NMLS #1464945.
All loan terms, fees, and rates may vary based upon your individual financial and personal circumstances and state.
You should consider and discuss with your loan officer whether a Cash Out Refinance, Home Equity Loan or a Home Equity Line of Credit is appropriate. Please note that the SoFi member discount does not apply to Home Equity Loans or Lines of Credit not originated by SoFi Bank. Terms and conditions will apply. Before you apply, please note that not all products are offered in all states, and all loans are subject to eligibility restrictions and limitations, including requirements related to loan applicant’s credit, income, property, and a minimum loan amount. Lowest rates are reserved for the most creditworthy borrowers. Products, rates, benefits, terms, and conditions are subject to change without notice. Learn more at SoFi.com/eligibility-criteria. Information current as of 10/19/26.
In the event SoFi serves as broker to Spring EQ for your loan, SoFi will be paid a fee. Equal Housing Lender
§#1 Bank for Home Equity Loans: Source: Curinos, Inc. August 2026 Home Equity Channel Originations Analytics. According to recent market data, SoFi originated more closed-end home equity loans (by loan balance volume with DTI up to 50%) than any of the banks included in the report. This measure excludes non-bank lenders and credit unions, and excludes lender volume of open-end home equity lines of credit.
1HOME EQUITY LOW RATE GUARANTEE PROGRAM: If an eligible Competitor Offer has a lower annual percentage rate (“APR”) than SoFi’s initial offer, SoFi will match or beat it and provide a $200 lender credit when your SoFi loan funds—or provide a $500 lender credit if SoFi cannot match and the SoFi loan funds. If SoFi’s initial offer is already equal to or better than the Competitor Offer, no lender credit applies.
ELIGIBILITY
To be eligible for this offer, you must: (1) apply for an eligible SoFi home equity loan, (2) reference this offer to a SoFi loan officer before or at the time of application, (3) provide SoFi with a complete, valid Competitor Loan Estimate dated within 5 calendar days of your SoFi application and before your SoFi loan is scheduled to close, (4) not have applied for a SoFi home equity loan within the last 60 days, (5) fund a SoFi home equity loan. This offer does not apply to home equity lines of credit or adjustable-rate products and is not transferable.
COMPETITOR OFFER AND COMPARISON
A “Competitor Offer” must be a complete, valid Loan Estimate from an unaffiliated, licensed retail lender and must be based on substantially equivalent loan terms as your SoFi application, including the same borrower(s), loan type, lien position, loan purpose, term, loan amount, property, estimated property value, occupancy type, and rate structure. The Loan Estimate must include sufficient information for SoFi to verify the lender, interest rate, APR, points, lender fees, and lender credits. A Loan Estimate from a wholesale lender or broker must have the Lender Information section completed. Offers from builder-affiliated lenders or credit unions are not eligible.
SoFi will compare the APR disclosed on each Loan Estimate. APR reflects the interest rate and applicable finance charges. Third-party charges not controlled by the lender, such as taxes, government and recording fees, title and appraisal charges, insurance premiums, and prepaid amounts, will not independently determine which offer is better.
SoFi will have at least one business day after receiving the Competitor Offer to review it and may request additional documentation to confirm its validity and comparability.
LENDER CREDIT
If the Competitor Offer has a lower APR and SoFi provides a revised offer with an APR equal to or lower than the competitor’s APR, a $200 lender credit will be reflected on your Closing Disclosure when your SoFi loan closes, funds, and completes any applicable rescission period.
If SoFi cannot match or beat the Competitor Offer, a $500 lender credit will be reflected on your Closing Disclosure when you close and fund the loan with SoFi (at the higher SoFi APR). No lender credit will be reflected if the final competitor loan has materially different terms from the Competitor Offer. This offer cannot be combined with any other discounts or offers. Limit one award per customer and financed property. SoFi reserves the right to change or terminate this offer at any time without notice, subject to applicable law. Additional terms may apply.
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