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A mortgage preapproval letter is typically valid for 60 to 90 days, although some expire after 30 days. Some lenders will lock the rate in for that period.

Having a letter of preapproval from a financial institution can help you snap up the home you want to buy.

What Is Mortgage Preapproval?

Mortgage preapproval has become an essential part of the home-buying process. Real estate agents often want to see a preapproval letter before showing houses.

Note: A SoFi Verified Preapproval Letter is valid for 90 days.

This letter shows sellers that you are serious about buying their home, even if you’re a first-time homebuyer, and that a mortgage lender is likely to soon give you a home loan for a specific amount.

The lender will review your credit history, credit score, income, debts, and assets to determine the amount you tentatively qualify for.

Preapproval will help you focus on homes within your price range. Knowing how much of a mortgage you can afford is important if you don’t want to waste time reviewing homes outside your range.

Mortgage Preapproval Process

The mortgage process starts informally for many would-be homebuyers.

Some buy into the 28% rule — spend no more than 28% of gross monthly income on a mortgage payment — and use a home mortgage calculator with taxes and insurance, for example, to calculate their mortgage, or the one later in this article.

Seeking mortgage preapproval means you’re getting serious. First, you’ll need to understand the different types of mortgage loans — fixed rate, adjustable rate, conventional, government-insured (Federal Housing Administration, Veterans Affairs, U.S. Department of Agriculture), and jumbo — and what you can qualify for.

Then, you’ll need to apply for a loan from one or several lenders and provide a good deal of documentation. Each lender will perform a hard credit inquiry, and you’ll receive a loan estimate within three business days.

If you’re shopping for a home loan, allowing multiple mortgage companies to check your credit within 14 or 45 days, depending on the credit scoring model being used, will minimize the hit to your credit scores.

How Long Does It Take to Get Preapproved?

It usually takes seven to 10 business days to receive a preapproval letter after submitting all the requested information.

Mortgage Preapproval Letter

Other than stating the specific amount you’re preapproved for, a mortgage preapproval letter may outline stipulations to gain the loan, such as maintaining your employment or not taking on any additional debt.

How Long Does Mortgage Preapproval Last?

Some lenders will commit to 60 or 90 days. That time frame tends to work, since homebuyers typically search for 10 weeks. Other lenders will issue preapproval for only 30 or 45 days.

Recommended: How Mortgage APR Works

Mortgage Prequalification vs Mortgage Preapproval

Since they sound similar, it’s worth mapping out the difference between prequalification and preapproval. Prequalification is a key first step for borrowers to tell lenders about their income, assets, and debts. Lenders use that unverified information, and usually a soft credit inquiry, to give a ballpark estimate of how much they might be willing to lend.

The response is quick. You can often get prequalified immediately or within a day or two. Just know that prequalification does not mean that a lender is guaranteeing a loan.

The mortgage preapproval process requires a deeper dive and documentation. To gauge whether you qualify for a mortgage, lenders will scrutinize:

•   Income: Employees will need to provide pay stubs, W-2s, and tax returns from the past two years, as well as documentation of any additional income, such as work bonuses. Self-employed workers often need two years’ worth of records and a year-to-date profit-and-loss statement, although many lenders and loan programs are flexible.

•   Assets and liabilities: You’ll need to provide proof of savings, investment accounts, and any properties. Lenders view assets as proof that you can afford your down payment and closing costs and still have cash reserves.

Lenders also look at monthly debt obligations to calculate your debt-to-income ratio.

•   Credit score: Your credit score is a three-digit representation of your credit history.

Recommended: What Is Considered a Bad Credit Score?

Once your lender has reviewed the information, it may offer a preapproval letter. Note that receiving preapproval from a certain lender does not obligate you to use that lender.

Estimate Your Mortgage Payment

Before you seek prequalification or preapproval, you might want to get an idea of how much your monthly mortgage payment could be. Use this mortgage calculator to quickly see the difference in mortgage payments based on down payment, interest rate, and a 15- or 30-year term.

What Should I Do if My Mortgage Preapproval Expires?

Lenders set expiration dates on preapproval letters because they need your most up-to-date financial information. The credit, income, debt, and asset items they reviewed for your preapproval typically need to be updated after the letter expires, and your credit may be checked again.

You can minimize the effect of hard pulls on your credit score by avoiding seeking a renewal when you’re not actively shopping for a home. If your finances have mostly stayed the same, your lender is likely to renew your preapproval.

Finalizing Your Mortgage

If you find a house while your mortgage preapproval is still valid, you can choose a lender and finalize your mortgage application. At this point, in many cases, the lender will again check whether your financial situation has changed.

The mortgage underwriter will review all the information, order an appraisal of the chosen property and a title report, and consider your down payment. Then comes the verdict: approved, suspended (with more documentation needed), or denied.

Your mortgage is officially approved when you receive a final commitment letter. A closing date can be scheduled. It generally takes 42 days to close on a house, but it could happen in as little as 20 days.

Buyers may want to minimize changes, such as applying for other loans or credit, when a home loan is in underwriting.

The Takeaway

How long is a mortgage preapproval good for? Typically for 60 to 90 days. Getting prequalified is a smart precursor to getting preapproved for a mortgage. Preapproval can give you a competitive edge in a tight home market and help you clearly understand how your home mortgage loan will affect your monthly budget.

Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% - 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It's online, with access to one-on-one help.

FAQ

How does mortgage preapproval affect my credit score?

The preapproval process may involve a hard credit inquiry, which could cause a dip in your credit score, but typically only by five to eight points. Multiple hard inquiries are usually counted as one inquiry as long as they are made within the same 14- to 45-day period.

What’s the difference between mortgage prequalification and the preapproval process?

Prequalification usually takes just minutes and requires only the most basic financial information and a soft inquiry on your credit score. Preapproval will require more in-depth information, such as pay stubs and tax returns, and involves a hard credit inquiry. Getting preapproved may take one to two weeks.

Can a mortgage preapproval be extended or renewed?

Yes. If your mortgage preapproval expires, you can typically renew or extend it by providing updated financial information. Your lender may need to review your income, assets, debts, and credit again. If your financial situation hasn’t changed significantly, renewal is usually straightforward.

Does mortgage preapproval guarantee final loan approval?

No. A mortgage preapproval is not a guarantee of final loan approval. Final approval depends on additional steps, including underwriting, a home appraisal, a title review, and verification that your financial situation hasn’t changed before closing.

What can cause a mortgage preapproval to change or be revoked?

A preapproval can change or be revoked if your financial circumstances shift before closing. Taking on new debt, missing payments, changing jobs, or experiencing a drop in income could affect your eligibility. Lenders may recheck your credit and financial details during underwriting.

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

SoFi Mortgages
Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility-criteria for more information.

SOHL-Q126-141

Saving enough money to purchase a home has always been tough for younger buyers, but rising prices and higher interest rates have made it especially difficult for Gen Z (those born from the mid-to-late 1990s and the early 2010s) to get their foot in the door of the housing market.

As they wait on the sidelines for the chance to buy their first property, many are feeling real estate FOMO, which is the fear that they’re missing out on a major life milestone and the opportunity to build the wealth that others have managed to build. Let’s take a look at some of the obstacles Gen Z is facing and the steps that could help as you save and search for a home.

What Does FOMO Mean?

FOMO, or fear of missing out, is a term used to describe the feeling that you aren’t being included in something others are experiencing. Maybe they’re achieving goals that you haven’t yet reached or doing things that you currently don’t have the resources (financial or otherwise) to do. FOMO is often used to describe missing out on a social event, such as a concert or a party, that you weren’t invited to. But it can also mean wanting things that others in your social circle have, including a better car, clothes, trips, or jewelry.

FOMO spending is when the fear of missing out pushes you to spend money — maybe more than you should — to keep up with your peers. Older generations often refer to this as “keeping up with the Joneses.” Real estate FOMO can have that effect. It might lead someone to buy a house before they’re ready to or to take out a mortgage loan on a house they can’t comfortably afford. But it can also make homebuyers reluctant to commit to a purchase if they think they’ll find a better home at a better price if they just wait a while. And for some Gen Zers, social media can exacerbate those feelings.

How to Deal With FOMO in Real Estate

There are a few different things you may want to consider if you think FOMO is getting in the way of making smart home-buying decisions.

If You Feel You Need a Reality Check…

It never hurts to revisit your budget to see how much house you can truly afford. Using a home affordability calculator can help you set some limits. It also may be useful to talk to a financial advisor about how buying a home, or a home at a particular price, could affect your other goals. If you see a property you’re interested in purchasing, run the numbers in a mortgage calculator to get a sense of what your monthly payments would be.

If You Find Yourself Trying to “Time the Market”…

It can be tough to predict when home prices or interest rates will go down. Instead, you might want to talk to a real estate agent about the best time of year to look for housing bargains in your area, or you could shift your search from a pricey “hot” area to one with a more affordable cost of living. Also, if you find a home you think you’ll stay in long-term, you may want to keep mortgage refinancing in mind as an option for lowering costs in the future.

If You’re Feeling Triggered by What Others Have…

Looking at too many listings, home improvement shows, or friends’ house-proud social media posts may not help you understand the market you’re looking at and could lead you away from your personal must-haves. When that happens, it helps to take a break (perhaps from social media) to reprioritize and get back on track.

What Are the Barriers for Gen Z Home Buyers?

Some of the obstacles Gen Z homebuyers face are the same ones that would-be homeowners have encountered off and on for generations. Home prices are high and continuing to rise. Housing inventory is growing slowly but needs to outpace demand to limit price increases. And though mortgage interest rates are cooling and inflation is remaining steadily lower after the post-pandemic spike, gas, groceries, and other costs are still taking a toll on household budgets.,

However, Gen Z has bigger issues to contend with than previous generations, including:

Down Payment Costs

Down payments are calculated as a percentage of the home price, so higher-priced houses usually require larger down payments, making it increasingly difficult to get into the housing market. First-time homebuyers typically put down less than repeat buyers — about 10% compared to 23%, according to the National Association of Realtors. That could still be a hefty amount to come up with, considering that in February 2026, the median home price in the U.S. was nearly $430,000.

Student Loan Debt

A college education may help Gen Z graduates earn higher salaries, but many report that student debt is slowing their progress toward certain milestones, including buying a home. Those college loans can make it even more difficult for younger buyers to save for a down payment or make higher monthly mortgage payments. You can afford a mortgage if you have student loans, but student debt can factor into your debt-to-income ratio (DTI), which may affect whether or not you qualify for a mortgage and the interest rate you’re offered.

Higher Rent Payments

Rising rental costs are another factor that may be affecting Gen Z’s ability to save for a home. According to Zillow’s monthly Observed Rent Index, the typical U.S. rent in January 2026 was $1,895, a 1.9% year-on-year increase.

Adulting = Insecurity

Navigating life after college with a new (or new-ish) career, bills to pay, and uncertainty about where life might take you next (a new job, a new town, a new partner, a new baby?) can be daunting enough without the home-buying headaches. While some Gen Zers have found a way into the housing market despite the barriers, others are waiting until their careers and finances feel more stable.

How Does Gen Z Approach Home Buying?

Although buying a home may not be as significantly linked to achieving success as it was for older generations. According to a 2025 Realtor.com survey, 67% of Gen Z respondents said that they see homeownership as an important lifetime goal, and 69% agree that real estate is an opportunity to generate wealth. And they are finding ways to make it happen. By cobuying with friends, moving to a state with a lower cost of living, using cash gifts from family, or living with their parents after college to save money, Gen Zers are entering the housing market.

Where Is Gen Z Buying Homes?

As you might expect, Gen Zers who live in, or are willing to move to, more affordable locations, such as the South and Midwest, are more likely to buy homes than those looking to live in upmarket coastal cities that carry higher price tags.

In March 2025, Realtor.com listed Des Moines, IA, Omaha, NE, Youngstown, OH, Dayton, OH, Grand Rapids, MI, Little Rock, AR, Birmingham, AL, Cincinnati, MS, Jackson, MS, and Wichita, KS, as the 10 metropolitan areas with the largest percentage of Gen Z buyers. As per Redfin, in February 2026, median house prices in these cities ranged from $134,500 to $285,000, well below the U.S. median of $429,708.

Recommended: Best Affordable Places to Live in the US

Is It Harder for Gen Z to Buy a House?

Gen Zers aren’t facing the double-digit mortgage rates their parents and grandparents faced in the early 1980s. Nor are they trying to buy homes during a depression or a recession. Still, thanks to inflation, low inventory (partly caused by affordable homes being snapped up by investment companies), and other factors, this is a challenging time to become a homeowner.

According to Redfin, 38.3% of 28-year-olds owned their home in 2025. That homeownership rate is lower than that of Gen Xers (42.5%) and baby boomers (32%) when they were 28. But it’s a bit higher than the rate of 36.8% for millennials when they were the same age.

Steps for Gen Z Home Buyers to Consider

For Gen Z, patience, flexibility, and creativity may be the keys to success in today’s tough housing market. Here are some steps to consider as you pursue homeownership:

Know Before You Go

The more you know about the home-buying process, the more confident you can feel about the decisions you make. Get to know the first steps you should take (such as improving your credit score, lowering your DTI ratio, and researching first-time homebuyer programs and loans). And as you start your home search, consider listing your wants vs. your needs, learning about the different types of mortgage loans, and completing the mortgage preapproval process.

Keep Expectations in Check

Here’s where FOMO can really get in your way: The house you can afford may not be anything close to the designer houses you see on social media and TV. But an affordable starter home can be a stepping stone to the home of your dreams. If you aren’t sure what you can manage, talk to a professional, such as your financial advisor, a real estate agent, or a mortgage professional.

Cast a Wide Net

If you can’t afford the trendiest neighborhood or a house directly on the beach, you may want to try searching in similar or nearby areas. If you can relocate, you could broaden your search, looking at states that have what you want but at a lower price.

Recommended:Home Loan Help Center

The Takeaway

If high housing costs and other factors are getting in the way of your plans to buy a home, and you feel a strong sense of FOMO creeping up on you, try not to get sucked into overspending or abandoning homeownership altogether. Staying true to your budget and goals and getting some assistance in finding the right home and home loan can help you avoid feeling pressured into making bad decisions.

Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% - 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It's online, with access to one-on-one help.

FAQ

What does FOMO mean in real estate?

The fear of missing out (FOMO) in real estate is the worry that you aren’t where you should be when it comes to homeownership. It may be because you haven’t yet purchased a home, or you notice differences between your home and the places you see others in your peer group moving into.

Which housing markets are dropping the fastest?

According to Cotality’s U.S. Home Price Insights report from February 2026, Florida’s Cape Coral, Lakeland, North Port, Palm Bay, and West Palm Beach are likely to experience price drops this year. The most affordable areas are Johnstown, PA, Albany, GA, Decatur, IL, Joplin, MO, and Weirton, WV.

What is the slowest month for the housing market?

Winter is typically the slowest time of year for the housing market, while spring and summer are the busiest seasons. Cold weather, the holiday season, and the start of the school year often see fewer home listings and fewer people attending showings, contributing to the seasonal slowdown.

How can Gen Z save for a down payment faster?

Strategies for faster saving include setting up automated savings deposits, keeping your savings in a high-yield account, taking on a side hustle, and reducing expenses by living with parents or roommates. As down payments are calculated as a percentage of the sale price, moving to an area with lower house prices can mean that you reach the amount you need faster.

Should I wait to buy a home if prices are high?

Timing the market is difficult. Focusing on your personal finances, affordability, and long-term goals is usually a safer approach than waiting for prices to drop.

Photo credit: iStock/gradyreese

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

SoFi Mortgages
Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility-criteria for more information.

SOHL-Q126-127

One of the time-honored ways to build wealth and financial stability is by buying real estate. Properties typically appreciate over time and may provide cash flow as well.

Owning your own home not only gives you a great place to live, but it will likely turn out to be a good investment that can help build generational wealth for your family.

What Is Considered Generational Wealth?

Generational wealth refers to assets passed on from one generation to another within the same family. Assets is a broad term that includes:

•   Cash

•   Stocks, bonds, and other securities

•   A family business

•   Real estate, including the family home

Because of the high rates of appreciation in the past several decades, real estate can be one of the most valuable assets passed down from one generation to another.

💡 Quick Tip: SoFi’s award-winning mortgage loan experience means a simple application — we even offer an on-time close guarantee. We’ve made $7.5 billion in home loans, so we know a thing or two about what makes homebuyers happy.‡

How Does Homeownership Build Wealth?

Homeownership can help build wealth directly through price appreciation. When the value of a home rises, owners are able to sell for that higher price, sometimes moving into a new, larger home. For homeowners who aren’t selling, price appreciation adds to their home equity and overall financial assets.

Of course, if home values decline, as they did in the 2007-2009 Great Recession, the opposite can happen, and owners may find they owe more than the home is worth. But real estate has proved to be one of the most reliable assets in the long term.

The bottom line: A person’s home is often their largest financial asset, the benefits of which are frequently passed on to the next generation.

If you’re just getting started, know that a first-time homebuyer can be anyone who has not owned a principal residence in the past three years, some single parents, and others. The prospective purchasers can often get assistance (such as a low or no down payment) as they progress toward buying their first property. Programs such as these can be stepping stones to building generational wealth.

Direct and Indirect Building of Wealth

Next, consider different ways of building wealth over the generations.

Inheritance

Inheriting appreciated capital assets, such as real estate, stocks, bonds, exchange-traded funds, or a small business, can have a big tax benefit, thanks to the “step-up in basis.” The value of the inherited asset is “stepped up” to the fair market value on the date the original owner dies.

If the heir sells the property, the step-up in basis will greatly reduce capital gains taxes due or make them moot if there’s no gain. Any capital gain from the sale of inherited property is considered long-term. Current long-term capital gains taxes are 0%, 15%, or 20%, depending on your income and filing status.

For married couples, the death of one spouse results in a partial step-up in most states, but here’s a simplified example. Let’s say you inherit your grandmother’s home, purchased in 1940 for $10,000. The home is valued at $450,000 on the date of her death, which is the stepped-up basis. If you sell the home for $450,000, you’ll pay no capital gains tax. If you sell for a higher sum, capital gains tax will apply only to the amount over $450,000.

Imagine using the stepped-up basis provision over more than one generation of a family. An heir could sell a phenomenally appreciated asset and pay a minimal amount in capital gains tax or none at all on their inheritance, as long as the asset was included in the decedent’s estate.

Indirect Benefits

Heirs of homeowners may inherit the actual real estate, but generational wealth can also be more indirect. Consider these points:

•   Homeowners are often more financially secure than renters, passing that security on to children.

•   Homeowners can borrow against home equity to improve their property (and often boost its value) or take care of other financial needs.

•   Many homeowners are located in districts with high-performing schools, enhancing overall opportunities for their children.

•   Down the line, the equity in a home can help finance retirement and health care needs, shielding adult children from that financial burden.

All of these factors can positively affect the next generation and add to their wealth.

How Discrimination Can Affect Generational Wealth

When housing discrimination occurs, it can keep people of color, women, families with children, immigrants, and people with disabilities from living in the places they want. Importantly, it can also have a serious impact on generational wealth.

Considering the following statistics from the U.S. Census Bureau for the fourth quarter of 2025:

The homeownership rate for non-Hispanic white households overwhelmingly led the pack at 75.1%. Asian, Native Hawaiian, and Pacific Islander families came in a distant second at 63.1%. Hispanic families of any race had only a 48.7% homeownership rate, and Black households logged in at 44.2%.

A number of factors have contributed to the race gap in homeownership, particularly the legacy of race-based discrimination in the housing market.

When homeownership lags among a certain group because of housing discrimination, so does the possibility for generational wealth.

💡 Quick Tip: Your parents or grandparents probably had mortgages for 30 years. But these days, you can get them for 20, 15, or 10 years — and pay less interest over the life of the loan.

Understanding Home Appreciation and Home Equity

To understand how homeownership can build wealth, it’s important to know about the concepts of home appreciation rates and home equity. Here are some key points:

•   Appreciation and appreciation rates refer to the increase in the value of a home over time.

•   Home equity is the property value minus the outstanding balance of mortgages, liens, or other debt on the property.

•   A down payment is your first contribution to home equity.

•   Monthly mortgage payments reduce the amount you owe. With each payment, you slowly pay part of the principal on your loan, which builds equity.

•   Home equity can increase through price appreciation and home improvements.

Most people purchase real estate with the expectation that their homes will increase in value over time. But many things come into play when it comes to home appreciation and the amount of home equity you can build. Some you can control, and some you can’t.

Recommended: How Much Is a Down Payment on a House?

The Economy

Housing prices can be affected by several economic indicators. When a recession hits, unemployment rises, or inflation jumps, the real estate market often declines.

Interest rates are also vitally important. Low mortgage interest rates can fuel demand, which can increase home prices in many areas. Conversely, a rise in mortgage rates can have a cooling effect on buyer demand.

The correlation between the housing markets and the rest of the economy can be surprising at times. For instance, during the initial stages of the Covid-19 pandemic, when economic indicators were showing signs of trouble, the nation saw a giant rise in home prices. This was particularly true in rural and suburban areas, as urban dwellers sought more space and fewer crowds.

Recommended: How to Understand Inflation’s Effect on Mortgages

Laws and Regulations

Federal legislation can have a big effect on the U.S. housing market. Government tax credits, deductions, and subsidies aimed at certain homeowners can fuel this market.

Local policies and regulations can also affect housing appreciation. Local investments in infrastructure or new schools and parks can increase your home’s value. Local zoning laws can also have an effect, positive or negative.

Home Improvements

This encompasses everything from an extensive addition to a fresh coat of paint. All kinds of improvements can add to the resale value of your home and, importantly, enhance your life while you’re living there.

Whether you decide to remodel a kitchen, bathroom, or living room, update your appliances and décor, or make energy-efficient improvements, these can be valuable.

To fund them, some homeowners use home improvement loans.

Is Homeownership a Smart Investment?

The answer to that question isn’t always straightforward. Your home is where you live, of course, so hopefully you derive happiness from that. In that sense, the costs associated with your home and your mortgage payment can be considered living expenses, not necessarily investments.

On the other hand, appreciation and home equity can be seen as returns on your investment in your home.

The sweet spot is often a combination of the two: a great place to live and a profitable investment.

Still, homeowners’ net worths far outpace renters’. Every three years, the Federal Reserve issues the Survey of Consumer Finances, which compares the net worth of homeowners and renters. The latest report shows that homeowners had a median net worth of $396,200 compared to $10,400 for renters.

Keeping your expectations realistic can effectively put your home value into the context of your overall financial wellness and estate planning. To do that, you may need to keep in mind the total costs of owning and maintaining real estate. Too often, people subtract their purchase price from the expected sale price and figure the difference is the return on investment. But there are many more costs involved in homeownership.

To calculate your true return, you’ll want to add up the following:

•   Down payment

•   Closing costs

•   Mortgage points

•   Any mortgage insurance

•   Home maintenance expenses

•   Home improvements

•   Total mortgage payments

•   Taxes

•   Any homeowners association fees

•   Estimated selling costs (such as the real estate agent’s fees and staging charges).

That total is the number you want to compare against home appreciation to determine your actual return.

The Takeaway

Homeownership builds generational wealth in direct and indirect ways. The real estate itself can likely grow in value, and the homeowner may enjoy such benefits as raising a family in a good school district. Buying real estate can build a foundation for a family today and for generations ahead.

Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% - 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It's online, with access to one-on-one help.

FAQ

What is generational wealth?

Generational wealth refers to assets or financial resources passed down from one generation to the next in a family. These assets can include cash, real estate, stocks, bonds, businesses, and other investments.

Is homeownership a good way of building generational wealth?

Yes, homeownership is generally considered to be a good way of building wealth and financial stability. Real estate can be one of the most valuable assets that you can transfer to the next generation in your family.

How does homeownership build generational wealth?

Homeownership builds generational wealth through appreciation, which enables you to build home equity. The next generation can inherit your home and benefit from its equity.

Photo credit: iStock/Capuski

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

SoFi Mortgages
Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility-criteria for more information.