SoFi Bank, N.A. NMLS #696891 (Member FDIC), offers loans directly or we may assist you in obtaining a loan from SpringEQ, 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 2/7/25.
In the event SoFi serves as broker to Spring EQ for your loan, SoFi will be paid a fee.
1Member fee discount: SoFi offers a one-time standard member discount on loans originated by SoFi Bank of $500 off the standard $1,495 origination fee for a home purchase or refinance mortgage and $200 off the $1,295 origination fee for home equity loan or line of credit. To be eligible for the discount, a person must be a registered SoFi member at the time the home loan application is approved (indicated as “final approval”), and the applicant must have a current or prior SoFi Personal Loan, Student Loan, or SoFi Money or Checking/Savings account with an account balance greater than $0, or be a SoFi Invest account holder with a balance greater than $10,000. Based on regulatory requirements, the name of the origination fee may vary in certain states.
2SoFi $10 Check Your Rate on a Home Loan or Home Equity Loan Promotion (“Promotion”): The Promotion is offered by SoFi Bank N.A. SoFi reserves the right to change or terminate this Promotion at any time with or without notice to you. No purchase necessary to participate. Additional terms and conditions may apply. Promotion is void where prohibited by state law.
Eligible Participants: The Promotion is open to anyone who resides within the United States and is of the age of majority in the state in which they reside. To receive a $10 bonus in a SoFi Checking and Savings account through the Promotion you must check your rate www.SoFi.com for a SoFi Home Loan or Home Equity Loan by 12/31/2026. To check your rate, you must authorize SoFi to obtain a credit report. Checking your rate will not affect your credit score. If you later decide to submit an application and agree to a “hard” credit request your credit score may be impacted. Participants will receive the $10 bonus regardless of whether or not they are pre-qualified for a SoFi home loan or home equity loan. In order to be eligible for the promotion, the participant must either have an existing SoFi Money or SoFi Checking and Savings account, or apply to open a SoFi Checking and Savings account by 12/31/2025. Those who have received a $10 or $20 bonus for checking their rate on a Personal Loan, Student Loan Refinance, Home Loan or Home Equity Loan in the current calendar year are not eligible for this promotion. SoFi reserves the right to exclude any consumer from participating in the Promotion for any reason, including suspected fraud, misuse, or suspicious activities.
Payout: Eligible participants who have a SoFi Checking and Savings or SoFi Money account will receive the $10 bonus within a SoFi Checking account. If the participant does not have a SoFi Checking and Savings or SoFi Money account, they must apply for SoFi Checking and Savings in order to receive payout.
Taxes: Bonus amounts of $600 or greater in a single calendar year will be reported to the Internal Revenue Service (IRS) as miscellaneous income to the recipient on Form 1099-MISC in the year received as required by applicable law. Recipient is responsible for any applicable federal, state or local taxes associated with receiving the bonus offer. Consult your tax advisor to determine applicable tax consequences.
In addition to the standard SoFi member discount, SoFi Plus members are also eligible for an additional one-time discount on loans originated by SoFi Bank of $500 off the standard origination fee for a home purchase or refinance mortgages. To be eligible for the SoFi Plus member discount, the member must receive a Direct Deposit into their SoFi Checking/Savings account or pay the SoFi Plus Subscription Fee, at or before the time their home loan application is approved (indicated as “final approval”). Direct Deposit means a recurring deposit of regular income to an account holder’s SoFi Checking or Savings account, including payroll, pension, or government benefit payments (e.g., Social Security), made by the account holder’s employer, payroll or benefits provider or government agency (“Direct Deposit”) via the Automated Clearing House (“ACH”) Network during a 30-day Evaluation Period (as defined below). Deposits that are not from an employer or government agency, including but not limited to check deposits, peer-to-peer transfers (e.g., transfers from PayPal, Venmo, etc.), merchant transactions (e.g., transactions from PayPal, Stripe, Square, etc.), and bank ACH funds transfers and wire transfers from external accounts, or are non-recurring in nature (e.g., IRS tax refunds), do not constitute Direct Deposit activity. There is no minimum Direct Deposit amount required to qualify for the stated interest rate.
SoFi reserves the right to change or terminate this discount at any time with or without notice.
Discounts are not available on products or in states where no origination fee is assessed including Texas and VA loans.
The Discounts described above are only available for new loans of a different type from loans previously or currently held by the member. For example, a person with an existing or prior SoFi mortgage or home equity loan or line of credit is not eligible to receive the Discount on another first-lien or second-lien loan. Consult your tax advisor to determine applicable tax consequences.
†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.
Fixed rates start at 6.99% APR. SoFi rates are current as of 3/20/25 and are subject to change at any time. Your actual rate may vary and will depend on loan amount, loan term, your creditworthiness, income, and a variety of other factors. Lowest rates reserved for the most creditworthy borrowers and for loan amounts above $100,000.
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