Apr

2025

SoFi Essential | Credit Karma $100

By Nicholas Wong | 1_Web_CreditCard | Comments Off

SoFi Essential Credit Card Terms & Conditions

SOFI CREDIT CARD TERMS OF OFFER INTEREST RATES AND INTEREST CHARGES
Annual Percentage Rate (APR) for Purchases	The standard variable APR for purchases is 32.99%, based on your creditworthiness. Your APR will vary with the market based on the Prime Rate.
Annual Percentage Rate (APR) for Balance Transfers	32.99%, based on your creditworthiness. Your APR will vary with the market based on the Prime Rate. SoFi is currently accepting Balance Transfers from recipients of promotional offers only. We will inform you when this feature is widely available.
Annual Percentage Rate (APR) for Cash Advances	30.74%. This APR will vary with the market based on the Prime Rate.
How to Avoid Paying Interest on Purchases	Your due date is at least 25 days after the close of each billing cycle. We will not charge you interest on purchases made during the most recent billing cycle if you pay your entire balance (adjusted for any financing plan, if applicable) in full on or before the due date each month. We will begin charging interest on cash advances and balance transfers on the transaction date.
Minimum Interest Charge	If you are charged interest, the charge will be no less than $1.00.
For Credit Card Tips from the Consumer Financial Protection Bureau	To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at https://www.consumerfinance.gov/learnmore

FEES
Annual Fee	None
Transaction Fees Balance Transfer Fee Cash Advance Fee	The greater of $10 or 5% of the Balance Transfer The greater of $10 or 5% of the Cash Advance
Penalty Fees Late Payment Fee Returned Payment Fee	Up to $41 None

How We Will Calculate Your Balance

We use the “daily balance” method, including new transactions, to calculate the daily balance on which we will charge interest.

Loss of Introductory APR

We may revoke any promotional APR if you fail to make a payment of at least the minimum payment due within 60 days of the due date. Your new APR will be the Standard Purchase APR.

Bonus Terms

In order to receive the $100 bonus, your SoFi Essential Credit Card account must be in good standing, and you must spend $500 or more within 90 days of account opening. You will receive your bonus as a statement credit to your SoFi Essential Credit Card account. The following charges and transactions shall be excluded when calculating your total spend during the Promotion Period: reversed transactions, returned purchases, fees or interest charges, balance transfers or cash advances, purchase of traveler’s checks or other cash equivalents, purchase or reloading of prepaid cards, and quasi-cash transactions with certain categories of merchants. This offer does not change your responsibility to make the minimum monthly payment. Allow 45 days from qualifying for the statement credit to be posted to your SoFi Essential Credit Card account.

Variable Rates

Your Daily Periodic Rate(s) and corresponding Annual Percentage Rate(s) will change if the Prime Rate changes. If the Daily Periodic Rate(s) and corresponding Annual Percentage Rate(s) increase, your interest charges will increase, and your minimum payment will be greater. Complete details regarding how the variable rate is determined are set forth in the Cardholder Agreement.

Payment Allocation

We decide how to apply your payment, up to the minimum payment, to the balances on your account. We may apply the minimum payment first to interest charges, then to the balances with the lowest APR, and then to the balances with higher APRs.

If you pay more than the Minimum Payment, we’ll apply the amount over the Minimum Payment, first to the Balance with the highest APR, then to the Balance with the next highest APR, and so on, except as otherwise required by applicable law.

SoFi Everyday Cash Rewards Credit Card Terms & Conditions

The SoFi Everyday Cash Rewards Credit Card is issued by SoFi Bank, N.A. (“SoFi”, “we”, “us”, or “our”). By submitting this application, you request that we establish a card account (“SoFi Credit Card Account”) for you and any authorized users you have designated. You agree that all information provided in this application is verifiable and accurate. The SoFi Credit Card Account will be governed by the terms of the cardholder agreement (“Cardholder Agreement”), which will be provided when the SoFi Credit Card Account is issued.

Your eligibility for a SoFi Credit Card Account or a subsequently offered product or service is subject to the final determination by SoFi Bank, N.A., as issuer. Please allow thirty (30) days from the date of submission to process your application.

You must be at least 18 years of age (or of legal age in your state of residence). The card offer referenced in this communication is only available to individuals who reside in the United States. This communication is not and should not be construed as an offer to individuals outside of the United States.

Identity Verification

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW CARD ACCOUNT

To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens a SoFi Credit Card Account. This means that we will ask for your name, address, date of birth, and other information that will allow us to identify you when you open a SoFi Credit Card Account. We may also ask to see your driver’s license or other identifying documents and obtain identification information about you or any authorized user you add to your SoFi Credit Card Account.

Credit Reports

Upon completion of your Credit Card application and submission, you authorize us to request a copy of your credit report from one or more consumer agencies. Upon receiving your completed application, we will conduct a soft credit pull, which will not impact your credit score. You hereby authorize us to conduct a soft credit pull upon receipt of your application. You understand that after evaluating your completed application and soft pull credit report, we may determine not to offer credit to you. If we approve your application, we will conduct a hard credit pull, which might impact your credit score. You hereby authorize us to conduct a hard credit pull following the approval of your application.

You authorize us to request credit reports and other information about you from consumer reporting agencies and other sources for such purposes as: (a) determining whether to issue you a SoFi Credit Card Account, (b) administering, reviewing, and renewing the SoFi Card Account, (c) credit line increases or decreases, (d) collection and other servicing of the SoFi Credit Card Account, (e) offering other products, (f) services, and (g) for any other uses permitted by law. We may report negative information about your SoFi Credit Card Account payment history, like delinquencies, to consumer reporting agencies.

Cardholder Agreement

If you are approved for a SoFi Credit Card Account, you’ll receive the Cardholder Agreement. By activating your SoFi Credit Card Account, using the SoFi Everyday Cash Rewards Credit Card or making any payment to your Account, you are agreeing to be bound by the terms of the Cardholder Agreement. We have the right to make changes to the terms of your SoFi Credit Card Account (including rates and fees) in accordance with the Cardholder Agreement.

In New York, this Agreement begins on the first date that you sign a sales slip or memorandum evidencing the purchase of goods or services.

Credit Eligibility

To receive a SoFi Credit Card Account, you must meet certain applicable criteria bearing on creditworthiness. Your revolving credit limit may be determined based on the following:

Your annual salary and wages
Any other annual income
A review of your debt, including the debt listed on your credit report.
A review of your credit history and other factors deemed relevant by the issuer

We’ll inform you of your revolving credit limit when you’re approved for your SoFi Credit Card Account. Some credit limits may be as low as $500.

About Adding An Authorized User

Before adding an authorized user to your SoFi Credit Card Account you should know that:

You’re responsible for all charges made to your SoFi Credit Card Account by the authorized user
Authorized users have access to your SoFi Credit Card Account information
Before adding an authorized user, you must first let them know that we may report SoFi Credit Card Account performance to the credit reporting agencies in the authorized user’s name
A review of your credit history and other factors deemed relevant by the issuer

If we ask for information about the authorized user, you must obtain their permission to share their information with us and for us to share it as allowed by applicable law.

Additional Information

Any benefit, reward, service, or feature offered in connection with your Card Account may change or be discontinued at any time for any reason except as otherwise expressly indicated. SoFi Bank isn’t responsible for products and services offered by other companies.

SoFi Everyday Cash Rewards Credit Card Rewards Program

With the SoFi Everyday Cash Rewards Credit Card, you can earn rewards points for purchases made using your card, rewards offered through the SoFi Member Rewards Program, or other rewards offered from time to time, and you can redeem those rewards points for statement credits and other redemption methods offered through the SoFi Member Rewards Program. More details on SoFi Everyday Cash Rewards Credit Card Rewards can be foundhere.

SoFi Member Rewards Program

As a SoFi Member, you can earn points by using features across SoFi products that are designed to help you Get Your Money Right. When you elect to redeem Rewards Points toward active SoFi accounts, including but not limited to your SoFi Checking or Savings account, SoFi Money® account, SoFi Active Invest account, SoFi Automated Invest account, SoFi Credit Card account, SoFi Personal Loan, Private Student Loan, Student Loan Refinance, or toward SoFi Travel purchases, your Rewards Points will redeem at a rate of 1 cent per every point.

Mastercard World Benefits

You are also eligible for more rewards through the World Mastercard Benefits program when shopping with eligible merchants. More details on the World Mastercard Benefits program can be found here.

Fraud, Misuse, Abuse, or Suspicious Activity

If we see evidence of fraud, misuse, abuse, or suspicious activity, we’ll investigate and, if we determine that fraud, misuse or abuse has occurred, we may take action against you. This action may include, without limitation and without prior notice:

Taking away the rewards points you earned because of fraud, misuse, or abuse
Suspending or closing your SoFi Credit Card Account
Taking legal action to recover our monetary losses, including litigation costs and damages

Some examples of fraud, misuse, abuse and suspicious activity include:

Using your SoFi Credit Card Account in an abusive manner for the primary purpose of acquiring rewards points
Using your SoFi Credit Card Account other than primarily for personal, consumer, or household purposes

SoFi Bank reserves the right to take action, including but not limited to those actions enumerated above, based on your activity across any SoFi product, as well as external information received from SoFi third-party vendors, external bureaus, or industry referrals.

Special Notices

California Residents:
If married, you may apply for a separate account.

Delaware Residents:
Service charges not in excess of those permitted by law will be charged on the outstanding balances from month to month.

Ohio Residents:
The Ohio laws against discrimination require that all creditors make credit equally available to all credit worthy customers, and that credit reporting agencies maintain separate credit histories on each individual upon request. The Ohio civil rights commission administers compliance with this law.

Wisconsin Residents:
If you are applying for individual credit or joint credit with someone other than your spouse, and your spouse also lives in Wisconsin, combine your financial information with your spouse’s financial information. No provision of any marital property agreement, unilateral statement under Section 766.59 of the Wisconsin statutes or court order under section 766.70 adversely affects the interest of the lender, unless the lender, prior to the time credit is granted, is furnished a copy of the agreement, statement of decree or has actual knowledge of the adverse provision when the obligation to the lender is incurred. If married, you understand that your lender must inform your spouse if a credit account is opened for you.

Additional documents

As a reminder, the SoFi Everyday Cash Rewards Credit Card is a completely digital product. All written communications related to the card will be online or in electronic format. The following is a link to the SoFi Esign terms and conditions that you must agree to in connection with your application for the SoFi Everyday Cash Rewards Credit Card.

Apr

2025

SoFi Helps Student Loan Borrowers Navigate Life Transitions with New Flexible Refinance Option

By Hanin Sukayri | | Comments Off

SoFi’s new nine month interest-only refinancing option enables people with student loans to lower monthly minimum payments when it matters most.

SoFi Technologies, Inc. (NASDAQ: SOFI) is making student loan repayment more flexible with the launch of SmartStart, a new refinance option. With SmartStart, people can put money they’d otherwise use on student loan payments in the first nine months towards supporting life transitions like finding a new job, relocating to a new city, or searching for a new home.

A recent Gallup survey found that 71% of student loan borrowers delayed at least one major life event, like buying a car or moving out of their parents’ home, because of their student loans.1 With SmartStart, members can refinance their student loans and pay only the interest for their first nine months. This keeps minimum monthly payments low and eases financial stress as they start their next chapter. For example, a member refinancing $50,000 in loans over a 10-year term could reduce their monthly payments by more than $3,000 during their first nine months.2 After the first nine months, members will start paying the principal and interest for the remainder of the loan. SmartStart loans come with SoFi’s competitive fixed interest rates and flexible terms of up to 20 years, providing members with control over the amount they pay each month and more predictability over their budgets.

“For the millions of people who borrow money to fund their education, paying down debt is a critical, but an often difficult step on the path to getting their money right,” said Anthony Noto, CEO of SoFi. “With SmartStart, members get lower payments in the early part of their loans as they make important life transitions. There are endless ways SoFi will innovate to help our members spend less than they make and invest the rest, and that’s exactly what we’re doing with SmartStart.”

Through competitive interest rates, no hidden fees, and flexible repayment options, SoFi members have saved thousands of dollars over the life of their loans. SoFi makes it easier for borrowers to lower their monthly payments, reduce their total interest costs, and pay off their loans faster. SoFi members also get access to benefits like financial planning tools, and member events, ensuring that refinancing isn’t just about saving money—it’s about setting yourself up for long-term success.

As of December 2024, SoFi has helped over 534,374 members refinance more than $45.8 billion in student loans. Demand for SoFi’s student loan offerings continued through the end of 2024, with student loan originations reaching $1.3 billion in the fourth quarter, a 71% year-over-year increase.

To learn more about Smart Start visit https://www.sofi.com/smart-start/

To check out SoFi’s full suite of student lending options visit https://www.sofi.com/refinance-student-loan/

About SoFi

SoFi (NASDAQ: SOFI) is a member-centric, one-stop shop for digital financial services on a mission to help people achieve financial independence to realize their ambitions. The company’s full suite of financial products and services helps its over 10.1 million SoFi members borrow, save, spend, invest, and protect their money better by giving them fast access to the tools they need to get their money right, all in one app. SoFi also equips members with the resources they need to get ahead – like credentialed financial planners, exclusive experiences and events, and a thriving community – on their path to financial independence.

SoFi innovates across three business segments: Lending, Financial Services – which includes SoFi Checking and Savings, SoFi Invest, SoFi Credit Card, SoFi Protect, and SoFi Insights – and Technology Platform, which offers the only end-to-end vertically integrated financial technology stack. SoFi Bank, N.A., an affiliate of SoFi, is a nationally chartered bank, regulated by the OCC and FDIC and SoFi is a bank holding company regulated by the Federal Reserve. The company is also the naming rights partner of SoFi Stadium, home of the Los Angeles Chargers and the Los Angeles Rams. For more information, visit SoFi.com or download our iOS and Android apps.

1 Gallup & Lumina Foundation. (2024). The State of Higher Education 2024 Report. Retrieved from https://news.gallup.com/poll/643328/student-loan-borrowers-delayed-major-life-events.aspx

2 Estimated monthly payments for the SmartStart loan are $269 per month and calculated using 6.47% APR (the average rate for all SoFi refinance loans from 2/28/24 to 2/28/25 plus 0.125%). Estimated monthly payments without SmartStart are $621 per month and based on a hypothetical loan with 8.55% APR (SoFi borrowers’ average incoming rate from 2/28/24 to 2/28/25) with a remaining term of at least 10 years. Calculations assume no origination fee option selected and no pre-payment amounts. Actual rates on a new SoFi loan will depend on various factors, including the term of your loan, your credit history, and your cosigner’s (if any) credit.

SOFI-F

Apr

2025

SmartStart Student Loan Refinancing

By Erik Carlson | Uncategorized | Comments Off

Pay less on student debt now.
And save more cash for tomorrow.

View your rate

Checking won’t affect your credit score.

Refinance student loans to start with lower payments. And
put the cash you keep toward your savings.

View your rate

Checking won’t affect your credit score.

You could save from the start with lower partial payments.

Pay no principal for nine months¹ and keep more of your cash.

¹Pay only the monthly interest for the first 9 months, then start full principal and interest payments.
Your extra cash can go toward your savings.

Save the money you keep for an emergency or other need.
You could still save thousands overall.

A lower rate could take a big bite out of your interest costs.

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Real stories
from real grads.

550,000+
SoFi members have refinanced their student loans

$47 billion+
in student loans refinanced

4.2/5 stars
on Trustpilot
*4.2/5 star rating based on 10,308 reviews as of December 8, 2025. See trustpilot.com/review/sofi.com for more info.

How partial
payments work.

New to loans? Here’s
how principal and interest works. With SoFi SmartStart:

• You could skip paying principal for the first nine months.
So you start with lower payments and keep cash to add to your savings.
• This loan flexes with you. Because you can also pay toward your principal anytime, with no penalty.
• You could save thousands with a lower rate. And there are no fees required.
• You keep your existing grace period. Payments only begin when your grace period ends.
• For our most eligible borrowers. If you qualify for SoFi SmartStart, you’ll automatically get the option to select partial payments.

View your rate

Checking won’t affect your credit score.

What could you start with SoFi SmartStart?

SoFi SmartStart student loan refinancing gives you lower partial payments for nine months. So why is that extra breathing room today helpful for tomorrow?

Nine months of extra cash could help you:

1/3

Be ready for life’s surprises.

Establish a crucial savings account now, so you’re ready for what tomorrow brings.

View your rate

Checking won’t affect your credit score.

2/3

Save strategically.

Got a goal? Make a plan. Like saving for a move or prepping for a new job.

View your rate

Checking won’t affect your credit score.

3/3

Think ahead. Way ahead.

Contribute to a Roth IRA or other retirement investments.

View your rate

Checking won’t affect your credit score.

Find the right refi for you.

SoFi SmartStart helps our most qualified borrowers keep extra cash for nine months. Like our standard SoFi Student Loan Refinancing, it could save you thousands. See a 10-year, $50,000 refinance example:

Example chart shows calculations based on a 10-year term and a $50,000 loan balance. Estimated monthly payments for the standard Student Loan Refinance are based on 6.34% APR (the average interest rate for all SoFi refinance loans from 2/28/24 to 2/28/25). Estimated monthly payments for the SmartStart loan are calculated using 6.47% (the average rate for all SLR plus 0.125%). Estimated monthly payments for “Current Loan” are based on a hypothetical loan with 8.55% APR (SoFi borrowers’ average incoming rate from 2/28/24 to 2/28/25) with a remaining term of at least 10 years. Calculations assume no origination fee option selected and no pre-payment amounts. Your rate on a new SoFi loan will depend on various factors, including the term of your loan, your credit history, and your cosigner’s (if any) credit. SoFi Refinance Student Loans are private loans. When you refinance federal loans with a SoFi loan, YOU FORFEIT YOUR ELIGIBILITY FOR ALL FEDERAL LOAN BENEFITS, including all flexible federal repayment and forgiveness options that are or may become available to federal student loan borrowers including, but not limited to: Public Service Loan Forgiveness (PSLF), Income-Based Repayment, Income-Contingent Repayment, extended repayment plans, PAYE or SAVE.

*You may pay more interest over the life of a new SoFi loan if you refinance. Visit our SmartStart calculator to compare the terms of your existing loan to potential refinance options.

Find the right refi for you.

SmartStart helps our most qualified borrowers keep extra cash for nine months. Like our standard SoFi Student Loan Refinancing, it could save you thousands. See a 10-year, $50,000 refinance example:

*You may pay more interest over the life of a new SoFi loan if you refinance.

Get SoFi SmartStart now.

View your personalized options
for rates and terms in just minutes.

Choose your plan.
Our most qualified borrowers can select partial payments with SoFi SmartStart to pay no principal the first nine months.

Give your budget breathing room
while getting a rate that could save you thousands.

View your rate

Checking won’t affect your credit score.^†

FAQs

How does a “partial payment” for 9 months work?

For the first 9 months of your loan, you’ll only be required to pay the monthly interest, offering you some short-term flexibility. After that, your payments will cover both interest and principal, just like a standard loan. Keep in mind that while this structure gives you flexibility upfront, your total repayment over the life of the loan will be slightly higher compared to choosing standard payments from the start.

Will I pay more in interest if I chose the SoFi SmartStart loan?

Yes, your total lifetime cost will be higher compared to making standard payments from the start. This is because you’re deferring principal payments until after the first 9 months of the loan.

What if I don’t want to pay just the interest for 9 months?

With the SoFi SmartStart option, paying only the interest is the minimum requirement, but you’re welcome to make extra payments if your budget allows and start paying the principal off at any time. Any additional payments will go toward covering outstanding interest first, then toward your principal. Plus, if it makes more sense for you, you can always switch to standard payments at any time.

Does “interest only” mean that I am paying all of the interest of the loan upfront in the first 9 months?

No, during the first 9 months, your payments will only cover the accruing interest on your loan. After that, your payments will include both principal and interest for the remainder of the term.

If I choose the Interest Only option, can I refinance again later?

Yes, you can refinance as many times as needed. However, please note that you can only be the primary borrower on a SoFi SmartStart loan once.

It doesn’t seem like there’s a big difference between the standard payment option vs. the interest only option. What’s the catch?

Depending on your loan offer, there may not be a significant difference! There’s no catch—we’ve just structured the repayment terms differently to give you more options to better meet your needs.

Why don’t I see a 5-year term for the interest only payments?

The SoFi SmartStart option is only available for 7, 10, 15, and 20 year terms.

How do I choose the repayment plan that offers me lower monthly payments?

The SoFi SmartStart option is available under the ‘partial payments for first 9 months’ dropdown. You can select it on the offer page using the ‘Repayment plan’ dropdown menu. Simply choose ‘partial payments’ from the options, and you can select your offer directly from that page. The SoFi SmartStart loan is only available to the most qualified borrowers, and those that don’t qualify won’t see the option during term selection.

Can I get a SoFi SmartStart loan with a cosigner?

Yes, SoFi SmartStart loans are available for cosigned loans. The same loan terms and eligibility requirements apply.

Can I choose a SoFi SmartStart loan with an interest-only period longer or shorter than 9 months?

Currently, the SoFi SmartStart option offers 9 months of interest-only terms. However, you’re welcome to make additional payments if you’d like to start paying down the principal sooner.

Can I end the 9-month interest-only period early?

No, once you select and sign a SoFi SmartStart loan offer, you’re committed to the 9-month interest-only period. However, you’re always welcome to make additional payments on top of the minimum requirement at any time during that period.

Is the SoFi SmartStart loan available to all student loan refinancing types?

The SoFi SmartStart option is not available for Medical and Dental Residency refinance loans. However, it is available for all other types of student loan refinances.

See all FAQs

Apr

2025

Decoding Markets: Separate Paths

By Mario Ismailanji | | Comments Off

Bumpy Start

Last week, I wrote that the past few weeks had been a roller coaster. And it looks like we’re still on that ride. Since that April 10 column, the S&P 500 fell to as low as 5115 and as high as 5459, while the 10-year Treasury yield has moved around considerably, with an average intraday range of 15 basis points (i.e. 0.15%). Bumpy indeed.

Of course, this comes after a stretch of over two years of strong returns, so some might say that investors were “due” for a tougher year. Through April 16, the S&P 500 is down 10.3%, though it’s down a larger 14.1% from the all-time high of 6144 on February 19. Is the current drawdown enough of a flush to set markets up for a durable rebound? There’s no way of knowing for sure, but looking back at historical instances that resemble the current moment can give us a hint.

Historical S&P 500 Performance After a Poor First Four Months

The chart above tracks the performance of stocks in the 13 post-WWII years where they were down 5% or more through April, and shows how they performed in the following months. Here are some key takeaways:

• In nine of the 13 years, returns were negative over the next six months, with an average return of -6.3%.

• Returns in the following calendar year have been strong, with an average return of +17.0%.

It goes without saying, but past performance is not indicative of future results. Just because markets usually went on to decline further doesn’t mean they’ll do so again. Instead, think of history as being helpful with contextualizing the market backdrop.

One year that bucked the historical trend was 2020. The market decline was swift at the start of the pandemic lockdowns, but stocks rallied strongly on the back of significant fiscal and monetary policy support. There’s a notable connection between then and now, as the current market upheaval has been tied to trade policy uncertainty. Perhaps now, like then, a rally will depend in large part on policy developments.

Relationship Breakup

While Treasury markets have been volatile overall, the magnitude of moves has been much more pronounced in longer-term maturities. For example, the 10-year yield fell to as low as 3.86% on April 4 and rose to as high as 4.59% on April 11. Usually, Treasury yields and the U.S. Dollar Index (DXY), which measures the value of the dollar against a basket of other major currencies, tend to move in the same direction. That’s because as yields rise, it often attracts investment from foreigners looking for higher returns on investment, strengthening the dollar and pushing the DXY higher.

However, there’s been a divergence in this pattern recently with the dollar weakening even though Treasury yields have risen. Since the end of February, the DXY is down 7.7%, while 10-year yields are 7 basis points higher.

Divergence Between the Dollar & Yields

A possible explanation is that while higher yields should make a market more attractive, all else being equal, concerns about economic growth in the United States and broader geopolitical risks could be offsetting any boost from higher rates. This sort of two-month move, in conjunction with the sharp decline in stocks, is pretty rare, only happening three other times: February 1973, October 1978, and October 1990. Each of these episodes occurred against the backdrop of rising inflation concerns during periods of oil supply shocks and geopolitical instability.

It seems unlikely that a breakup in this relationship will last forever, but it’s an open question when and how the lines will get back together. Some sort of resolution to the policy uncertainty will probably be needed, but it could be a while before that happens.

No Respite from Inflation

Much of the talk around tariffs has been centered around the idea that they would disrupt global supply chains, weighing on economic growth and resulting in higher prices. Or in other words, stagflation. The fear of possible inflation shocks despite a weakening in the economy is a big reason why Federal Reserve officials have talked tough on inflation—contributing to investor concerns that the Fed may hold off on lowering interest rates.

It was pretty surprising then that Treasury yields actually rose in the aftermath of the last two Consumer Price Index (CPI) reports, despite inflation coming in below consensus estimates. Lower inflation usually means the Fed has to do less to keep inflation at bay, which usually means lower interest rates.

The following scatterplot shows the move in the 10-year Treasury yield relative to CPI surprises since the start of 2022, with the recent CPI report a notable outlier.

Treasury Yield Reactions to CPI Surprises

Relative to expectations, m/m CPI came in nearly three standard deviations below consensus. Based on 2022-24 statistics, 10-year yields should have declined by 10 basis points, but instead they increased by 9 basis points. Part of this is because while the CPI report had only just come out, in many ways investors considered it already stale due to the tariff developments in April. That speaks to how rapidly the macro backdrop has shifted.

The market environment in the first four months of 2025 has presented a complex picture. Poor initial returns, a decoupling of the dollar and Treasury yields, and an unusual reaction in the bond market to inflation data all reinforce how uncertain things are. However, we’re nearing the point now where new data could provide some sorely needed clarity, potentially setting up investors for clearer skies later in the year—and into the next.

Want more insights from SoFi’s Investment Strategy team? The Important Part: Investing With Liz Thomas, a podcast from SoFi, takes listeners through today’s top-of-mind themes in investing and breaks them down into digestible and actionable pieces.

Listen & Subscribe

SoFi can’t guarantee future financial performance, and past performance is no indication of future success. This information isn’t financial advice. Investment decisions should be based on specific financial needs, goals and risk appetite.

Communication of SoFi Wealth LLC an SEC Registered Investment Adviser. Information about SoFi Wealth’s advisory operations, services, and fees is set forth in SoFi Wealth’s current Form ADV Part 2 (Brochure), a copy of which is available upon request and at www.adviserinfo.sec.gov. Mario Ismailanji is a Registered Representative of SoFi Securities and Investment Advisor Representative of SoFi Wealth. Form ADV 2A is available at www.sofi.com/legal/adv.

Apr

2025

Colorado Springs Housing Market: Trends & Prices

By SoFi General | Uncategorized | Comments Off

Colorado Springs Housing Market: Trends & Prices (2025)

Colorado Springs Real Estate Market Overview

By Jacqueline DeMarco

(Last Updated – 4/2025)

What’s not to love about stunning vistas and fresh mountain air? Sitting near the base of the Rocky Mountains, Colorado Springs was founded in 1871 with the intention of becoming a high-quality resort community. So many British tourists came through the area that the neighborhood was nicknamed “Little London.”

Despite Colorado having a reputation for being pretty chilly, winters are relatively mild in this area, with large snow accumulations not happening often in the downtown areas. Colorado Springs receives about 18 inches of precipitation a year, with the average snowfall totaling 57 inches per year.

Today, Colorado Springs still maintains a resort-like feel that locals and tourists alike can enjoy, thanks to stunning scenery such as Pikes Peak, Garden of the Gods Park, the Broadmoor Seven Falls, and Cave Of the Winds Mountain Park. For those looking for culture, this city can offer that, too, with historical attractions, a fine arts center, and multiple museums to choose from.

Keep reading to learn more about what it’s like to live in Colorado Springs and for a breakdown of its key demographics and most important neighborhoods.

Get matched with a local
real estate agent and earn up to
$9,500^‡ cash back when you close.

Pair up with a local real estate agent through HomeStory and unlock up to
$9,500 cash back at closing.^‡ Average cash back received is $1,700.

Connect with an agent

Overall Colorado Springs Market Trends

The Colorado Spring real estate market is considered somewhat competitive, according to Redfin. On average, homes receive one offer and sit on the market for around 66 days before being sold. In February 2025, the median sale price of a home in Colorado Springs was $450,000, up 3.4% from the prior year.

$450,000

Median Home Price

$211

Median Price Per Square Foot

66 days

Median Time on Market

Colorado Springs Housing Market Forecast

Home prices in Colorado Springs have increased dramatically over the last five years, as you can see from the chart below. But there is some good news for buyers: After peaking in July 2022, prices have been easing over the last few years and real estate agents believe they will remain relatively stable, or drop slightly, in 2025.

Housing market forecast chart

*Graph taken from Zillow as of 4/2025

Demographics of the Colorado Springs Market

The population of Colorado Springs is as varied as its geography. It includes students attending the area’s colleges, professionals, military families (connected to the Army, Air Force, or Space Force hubs), along with retired couples. The city is home to a roughly equal number of marrieds and singles, and has a median age of about 36. Nearly 45% of Colorado Springs residents are college educated, which is higher than the national average of 35%.

Colorado Springs offers employment opportunities in a variety of sectors, including aerospace, defense, cybersecurity, and sports. The city is home to the North American Aerospace Defense Command (NORAD), the U.S. Army’s Fort Carson, the U.S. Air Force Academy, and the Peterson and Schriever U.S. Space Force base. Other major employers in the area include military contractors, the U.S. Olympic Committee, local government, and schools.

Recommended: Cost of Living in Colorado

Median Household Income: $83,215

Median Age: 36.4

College Educated: 44.8%

Homeowners: 62%

Married: 54%

Popular Colorado Springs Neighborhoods

With 20 charming neighborhoods to choose from in Colorado Springs, prospective home buyers will have a lot of difficult choices to make.

To save home searchers some time, we rounded up five of the most popular Colorado Springs neighborhoods and broke down their key demographics, what their real estate market looks like, and what it’s like to live there.

Briargate

This neighborhood may appeal to newer Colorado Spring residents who are looking for a master-planned community that is family friendly and designed to foster a sense of community.

Who wouldn’t love gorgeous parks (including a playground designed to be inclusive for children with disabilities), hiking trails, and well-maintained landscaping in their neighborhood? Not to mention, many homes in this area can offer stunning mountain views.

Quick Facts

Population:

38,727

Median Age:

36.5

Housing Units:

14,546

Bike Score:

47/100

Walk Score:

34/100

Transit Score:

0/100

Median Household Income:

$128,902

Briargate Housing Market

The housing market in Briargate is considered somewhat competitive, according to Redfin. In February 2025, the median home sale price was $545,000, up around 9% year-over-year. On average, homes sell for about 1% below asking price and sit on the market for around 47 days. You may need to move more quickly to get a highly desirable home, however, as these listings tend to go for list price and get snapped up within 18 days.

Median Home Price

$545,000

Median Price Per Square Ft.

$209

Recommended: Best Affordable Places to Live in Colorado

Broadmoor

Broadmoor is considered one of Colorado Springs’ more prestigious neighborhoods, with historic mansions built as far back as the 1920’s, 30’s, and 40’s.

Most homes are within walking distance of the beloved and historic Broadmoor hotel and resort, which is a perfect spot for welcoming out of town visitors or for stopping by for a drink or a great meal on the weekends.

Quick Facts

Population:

38,732

Median Age:

38.7

Housing Units:

16,314

Bike Score:

40/100

Walk Score:

36/100

Transit Score:

21/100

Median Household Income:

$124,351

Broadmoor Housing Market

In this somewhat competitive housing market, some homes on the market receive multiple offers from buyers. In February 2025, the median sale price of a Broadmoor home was $528,000, up 20% from the prior year. On average, homes in this neighborhood sit on the market for one to two months before being sold.

Median Home Price

$528,000

Median Price Per Square Ft.

$231

Garden Ranch

The amenities in Garden Ranch are just as lovely as the name of this neighborhood implies. For example, Colorado Springs’ largest city park, Palmer Park, resides in Garden Ranch.

A strategic location near the intersection of Union and Academy makes this community a fairly walkable one.

Quick Facts

Population:

5,051

Median Age:

36

Housing Units:

2,386

Bike Score:

45/100

Walk Score:

45/100

Transit Score:

25/100

Median Household Income:

$100,751

Garden Ranch Housing Market

The Garden Ranch housing market is somewhat competitive, so buyers may want to familiarize themselves with the market.

Generally, homes in this area sell in around 54 days for about 3% below list price, and it isn’t uncommon for these homes to receive multiple offers from buyers. In February 2025, the median home sales price was $450,000, down around 2% year-over-year.

Median Home Price

$450,000

Median Price Per Square Ft.

$219

Knob Hill

Busy workers will appreciate the fact that, on average, commuters in this area only spend 15 to 30 minutes traveling to work, which is less than the average time spent to get to work for most Americans.

This neighborhood features numerous single family homes. Plus, many homes in the area are older (built between 1940 and 1969), which is ideal for buyers looking for a home with a history and some character.

Quick Facts

Population:

37,113

Median Age:

36.3

Housing Units:

16,613

Bike Score:

52/100

Walk Score:

64/100

Transit Score:

37/100

Median Household Income:

$72,120

Knob Hill Housing Market

The housing market in Knob Hill is considered somewhat competitive. Homes typically sell for 2% below their list price and stay on the market for about 41 days. In February 2025, the median home sale price was $375,000, up 5.3% year-over-year. Some homes get multiple offers.

Median Home Price

$375,000

Median Price Per Square Ft.

$168

Old North End

History Buffs will love calling Old North End home. There are plenty of large, stately homes to admire that were built in the late 1800s. Many of the homes are so historical they are on the National Register, which can make the renovation process a bit on the trickier side for homeowners who are looking to modernize.

Residents enjoy close proximity to the upper reaches of Monument Valley Park, as the west side of Old North End is bordered by the park. Locals love the biking and hiking trails, as well as the sports fields and playgrounds designed for family fun.

Quick Facts

Population:

9,657

Median Age:

35

Housing Units:

4,543

Bike Score:

75/100

Walk Score:

35/100

Transit Score:

33/100

Median Household Income:

$72,168

Old North End Housing Market

The Old North End housing market is cooling off a bit. In February 2025, the median sale price was $515,000, down around 34% from the prior year. Homes in this neighborhood generally don’t sell over asking price and stay on the market for an average of 27 days.

Median Home Price

$515,000

Median Price Per Square Ft.

$273

SoFi Home Loans

It’s easy to see why Colorado Springs has become such a popular market to buy a home in. There are some really amazing neighborhoods to choose from, whether you’re young and single or have a family to look after.

If you think Colorado Springs could be your home sweet home, then you may need to consider your home loan options.

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.

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FAQ

Are house prices dropping in Colorado Springs?

House prices in Colorado Springs have shown some signs of stabilization, but they remain relatively high due to strong demand and limited inventory. In February 2025, the median sale price of a home in Colorado Springs was $450,000, up 3.4% from the prior year. Moving forward, however, we may see some softening in the market that favors buyers. More homes are currently being listed than sold in Colorado Springs, giving buyers more options and, potentially, more negotiating power.

How long are houses sitting on the market in Colorado Springs?

On average, homes in Colorado Springs sell in around 66 days, according to February 2025 data from Redfin. That said, homes in desirable areas often get snapped up within a few weeks. Being prepared and acting fast can significantly improve your chances of securing a home.

Is Colorado a buyer’s or seller’s market?

As of January 2025, the Colorado housing market is considered more of a buyer’s than a seller’s market. This is due to increased inventory and homes sitting more days on the market. While housing prices are up slightly year-over-year, fewer homes go for above listing price. More time on the market also benefits buyers by giving them more time to shop around and evaluate their options. Colorado market trends vary by region, however.

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Qualifying for the reward requires using a real estate agent that participates in HomeStory’s broker to broker agreement to complete the real estate buy and/or sell transaction. You retain the right to negotiate buyer and or seller representation agreements. Upon successful close of the transaction, the Real Estate Agent pays a fee to HomeStory Real Estate Services. All Agents have been independently vetted by HomeStory to meet performance expectations required to participate in the program. If you are currently working with a REALTOR®, please disregard this notice. It is not our intention to solicit the offerings of other REALTORS®. A reward is not available where prohibited by state law, including Alaska, Iowa, Louisiana and Missouri. A reduced agent commission may be available for sellers in lieu of the reward in Mississippi, New Jersey, Oklahoma, and Oregon and should be discussed with the agent upon enrollment. No reward will be available for buyers in Mississippi, Oklahoma, and Oregon. A commission credit may be available for buyers in lieu of the reward in New Jersey and must be discussed with the agent upon enrollment and included in a Buyer Agency Agreement with Rebate Provision. Rewards in Kansas and Tennessee are required to be delivered by gift card.

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Colorado Springs Housing Market: Trends & Prices

Colorado Springs Housing Market: Trends & Prices (2025)

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Colorado Springs Real Estate Market Overview

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Overall Colorado Springs Market Trends

$450,000

$211

66 days

Colorado Springs Housing Market Forecast

Demographics of the Colorado Springs Market

Popular Colorado Springs Neighborhoods

Briargate

Quick Facts

38,727

36.5

14,546

47/100

34/100

0/100

$128,902

Briargate Housing Market

$545,000

$209

Broadmoor

Quick Facts

38,732

38.7

16,314

40/100

36/100

21/100

$124,351

Broadmoor Housing Market

$528,000

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real estate agent and earn up to
$9,500^‡ cash back when you close.