9 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.
Terms, conditions, and state restrictions apply. Before you apply for a SoFi Mortgage, 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 loan amount. SoFi Mortgages may be available for primary or second home residences or investment properties. 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. Information current as of 05/14/23.
SoFi Mortgages originated through SoFi Bank, N.A., NMLS #696891 (Member FDIC). Equal Housing Lender. SoFi Bank, N.A. is currently able to issue and refinance mortgages in all states except Hawaii and purchase only for New York.
1 No Admin Fee Refi: Obtain a SoFi mortgage for the purchase of a home and SoFi will waive its administrative fee when you refinance. Based on regulatory requirements, the name of this fee may vary in certain states. Eligibility conditions: (1) You must close your new purchase mortgage by December 31, 2023; (2) at the time of refinancing, the current market interest rate must be at least 1% less than the interest rate of the original loan; and (3) To redeem this offer, you must request waiver of the administrative fee at the time you apply for the refinancing loan and prior to locking your rate. This offer is limited to one (1) refinance transaction per person. Refinance transaction must occur by December 1, 2024. SoFi reserves the right to change or end this offer at any time.
Lock and Look program: Terms and conditions apply. Applies to conventional purchase loans only. Rate will lock for 90 calendar days at the time of preapproval. Credit card information to maintain the lock must be received within 7 calendar days of preapproval, or the lock will be forfeited. If you have not submitted a fully executed purchase contract within 60 days of your initial rate lock, you will be charged 0.25% of the loan amount. When you close with SoFi, the 0.25% fee will be credited back to you at the time of closing.
If you submit a fully executed purchase contract within 30 days of the initial rate lock, SoFi will automatically reduce the interest rate by an additional 0.125% at no cost. If current market pricing improves by 0.75 percentage points or more from the original locked rate, you may request your loan officer to review your loan application to determine if you qualify for an additional rate reduction. SoFi reserves the right to change or terminate this offer at any time with or without notice to you.
‡ SoFi On-Time Close Guarantee:
* The 0.25% purchase pricing special will be reflected on the lock confirmation you receive upon locking your interest rate. Rates can vary and are not guaranteed until locked. Available only on 30-year conforming purchase transactions.
All information in the primary residence payment examples listed above — including interest rates, payments, terms, and availability — is for informational purposes only and is subject to change without notice.
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Preapproval Letter: Terms apply. See conditional preapproval letter for details. Not a final loan approval and not a commitment to lend.
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