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 07/02/2024.
In the event SoFi serves as broker to Spring EQ for your loan, SoFi will be paid a fee.
Please note that the SoFi member discount does not apply to Home Equity Loans or Lines of Credit brokered through SoFi
$1,000 SoFi Originated Funded Home Equity Loan Bonus Offer: This offer is only available for new SoFi home equity borrowers. To receive the $1,000 offer you must: (1) Apply for a SoFi originated home equity loan through the promotional ‘View Your Rate’ link in this ad. You must not have locked a SoFi originated home equity rate within the preceding 90 days. (2) Fulfill SoFi’s eligibility criteria and lock your home equity loan rate. (3) Fund your home equity loan by 2/28/25. (4) Either have an existing SoFi Checking and Savings account or establish a new SoFi Checking and Savings account within 60 days after starting your home equity loan application. This offer cannot be combined with other offers, with the exception of the standard $200 Member discount and the $200 SoFi Plus Member discount. To be eligible for the SoFi Plus Member discount, the Member must establish direct deposit into their SoFi Checking/Savings account at or before the time their home equity application is approved (indicated as “approved with conditions”). Once conditions are met, your $1,000 bonus will be deposited into your SoFi Checking and Savings account within approximately 30 calendar days after your home equity loan funds. 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. SoFi reserves the right to change or terminate the offer at any time with or without notice to you. Additional terms may apply.