The IRS has released guidance on matching contributions for qualified student loan payments (QSLPs) under the Secure 2.0 Act. Here’s what you need to know.
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Low fixed rates.
Count on rates that won’t change over time.
No fees required.
That means no origination fees required, no prepayment fees, and no late fees whatsoever.
Same-day funding.
Get funds as soon as the same day your loan is approved.*
Where’s my confirmation #?
Your confirmation # is a 14—digit code on the right hand side of the SoFi offer you received in the mail.
SoFi’s Personal Loan was named NerdWallet’s 2024 winner for Best Personal Loan Overall. Come see why.
Compared to high-interest credit cards, a SoFi Personal Loan is a better way to pay and save. Borrow $5K-$100K and consolidate your debt into one manageable monthly payment.
View your rate in 60 seconds—without affecting your credit score. Apply online from start to finish and get access to live, U.S.-based customer support, seven days a week.
Whether you’re consolidating high rate credit card debt, covering a major expense or renovating your home, you’ll be able to get your funds as quickly as the same day your loan is approved.
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Don’t have enough money in your checking account to cover an expense? No problem—our Overdraft Protection has your back, automatically transferring money from your SoFi Savings account balance if you’re short on funds. Spend less time worrying about overdraft fees and more time feeling confident about your finances.
Open a checking account
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Overdraft Protection is like a safety net for your checking account, helping you avoid overdraft fees. If you withdraw or spend more money than you have in your checking account, the transaction will pull funds from your savings account to cover the overdrawn amount. That way, your transaction still goes through and you don’t have to worry about getting hit with a big fee.
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No embarrassing declined payments here. Overdraft Protection allows transactions to go through, even when you don’t have enough in your checking account to cover a purchase.
In a pinch? You don’t have to wait to get paid to make a necessary purchase.
You shouldn’t have to put your hard-earned dollars toward bank fees. That’s why Overdraft Protection has no fees.
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Want to double down on ways to avoid overdrafting your bank account? SoFi members who receive $1,000 or more in total monthly direct deposit are eligible for no-fee Overdraft Coverage1. Not to be confused with Overdraft Protection, Overdraft Coverage will cover you up to $50 with no fees if you spend more than you have in your account. We’ll automatically deduct the amount you “borrow” after your next deposit.
{/* How to turn overdraft coverage on or off */}
•From the SoFi mobile app homepage, select “More,” and choose “Overdraft Coverage.” Alternatively, click on “Autopilot” from the mobile app homepage.
•To maintain Overdraft Coverage, continue to direct deposit $1,000 or more each month.
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We’re not ashamed to brag about our award-winning Overdraft Protection. Just like you shouldn’t be ashamed when your money’s running a little low.
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You need to have direct deposits of at least $1,000 each month to be eligible for Overdraft Protection.
Did you know SoFi can help you get paid up to two days early? It’s just another way we help you feel good about your finances.
The SoFi mobile banking app makes it easy to keep tabs on your money. Customize notifications to alert you about balances, transactions, tips, and more.
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Create a budget that includes a small cushion of funds you hold in your checking account. This cushion can help cover unexpected expenses and prevent overdrafts.
Keep an eye on your account activity and transactions—especially those that are pending—so you know exactly how much money is available in your account.
It can be stressful when all your bills are due at the same time. Many creditors give you the option to choose your monthly due dates. Consider staggering your due dates to avoid running out of cash.
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If you don’t have enough funds in your savings account to cover your transaction, Overdraft Coverage kicks in (you need a monthly direct deposit of at least $1,000 to qualify for Overdraft Coverage). We’ll cover your transaction up to $50 with no fees. The balance will be automatically deducted from the next deposit to your checking account.
You can overdraw up to $50 in debit card transactions. Any debit card purchase exceeding this amount will automatically be declined.
Please note that depending on your pay cycle, it can take up to two weeks for your direct deposit to hit your SoFi account. As soon as your direct deposit hits, and you have $1,000 in direct deposits over the preceding 30-day period, you’ll qualify!
Yes, Overdraft Coverage and Overdraft Protection applies to your SoFi debit card.
View today’s mortgage rates and learn how they impact your home loan.
All APRs are updated daily
View your rate
Need help finding the best option for your unique needs? Get in touch with a Mortgage Loan Officer at (844)-763-4466.
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Find a competitive mortgage rate that fits your budget and sets you up for long-term savings.
Easily apply online from the comfort of your couch. If you have questions along the way, our Mortgage Loan Officers are ready to help.
Choose repayment terms that work for you. We offer 10-, 15-, 20-, and 30-year fixed and adjustable terms.
Get a SoFi Verified Preapproval Letter and start your
home-buying journey with a competitive edge.3
A jumbo loan exceeds the dollar limits set by the FHA and may be needed in expensive housing areas.
VA home loans with exclusive rates and no down payment requirements for active personnel, veterans, and reservists.9
Whether you have less-than-perfect credit or less cash on hand for a down payment, an FHA loan can help you finance the home you want.10
Checking your credit score and working to improve it is a smart strategy
for getting the best mortgage rates. Even small improvements can make
a big difference saving you thousands over the life of your loan.
Different lenders may offer different rates. Checking your rates with a few
different lenders can help you find the most competitive mortgage rate.
Different loan terms help you find a mortgage rate that suits your
financial goals, whether you re focused on minimizing interest or lowering
monthly payments. Your goals can help you choose the best option.
Did you know most lenders require two years of employment records to
qualify for a home loan? Building your employment record shows lenders
you re a stable, trustworthy borrower and, ultimately, helps you secure
better rates.
factors impact your home mortgage with our mortgage calculator.
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headingText=”See what factors impact your mortgage.”
imgAlt=”Personal loans calculator illustration”
imgSrc=”https://d32ijn7u0aqfv4.cloudfront.net/wp/wp-content/uploads/raw/pl-calculator.png”
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Share a bit about yourself and your home loan goals.
Submit financial documents like pay stubs, tax returns and bank statements.
Your information will be reviewed by an underwriter.
View your rate
Compare current home interest rates by state and find a mortgage rate that suits your financial goals.
Select a state to view current rates:
A 15-year fixed-rate mortgage typically costs less over the life of the
loan because you ll pay less in total interest payments. With a 15-year
mortgage, you re borrowing for half the time of a 30-year loan, so the
total interest you pay will likely be much less.
How is my mortgage rate determined?
Your mortgage rate is determined by factors like your credit score, down
payment, loan amount, and the current market conditions. These things
help mortgage lenders determine the risk of lending to you.
What factors influence mortgage rates?
Mortgage rates are influenced by factors like the overall economy,
inflation, the Federal Reserve s policies, and your personal financial
situation, including your credit score and down payment.
What is a mortgage rate lock?
A mortgage rate lock is an agreement with your lender to secure your
interest rate for a set period, protecting you from market fluctuations
while you finalize your home loan. It gives you peace of mind, knowing
your mortgage rate won t increase before closing.
Yes, you can potentially get a lower mortgage rate by improving your
credit score, increasing your down payment, or shopping around and
comparing offers from different lenders. Small differences can lead to
significant savings over the life of your loan.
How does my down payment affect my mortgage rate?
Your down payment affects your mortgage rate because a larger down
payment reduces the lender s risk, often leading to a lower interest rate.
Putting more money down can also help you avoid mortgage insurance,
saving you even more over time.
Are current mortgage rates expected to drop?
It s hard to predict exactly where mortgage rates will go, as they depend
on various factors like the economy and Federal Reserve actions. While
some experts speculate on future trends, it s best to consult with your
lender for the most current insights. You can also keep up with current
mortgage rate trends by following SoFi Daily News.
See more FAQs
5 30-YEAR Payment Example: The payment for a 30-year term, loan amount $362000.00, Rate 6.125%, LTV 80% is $2200.00 for full Principal and Interest Payments with $4695.14 due at closing. The Annual Percentage Rate is 6.335%. No prepayment penalty. Payment shown does not include taxes and insurance. The actual payment amount will be greater. Interest rates and annual percentage rates (APRs) are for informational purposes only and are subject to change without notice.
6 20-YEAR Payment Example: The payment for a 20-year term, loan amount $362000.00, Rate 5.990%, LTV 80% is $2591.00 for full Principal and Interest Payments with $4952.16 due at closing. The Annual Percentage Rate is 6.276%. No prepayment penalty. Payment shown does not include taxes and insurance. The actual payment amount will be greater. Interest rates and annual percentage rates (APRs) are for informational purposes only and are subject to change without notice.
7 15-YEAR Payment Example: The payment for a 15-year term, loan amount $362000.00, Rate 5.250%, LTV 80% is $2910.00 for full Principal and Interest Payments with $5187.46 due at closing. The Annual Percentage Rate is 5.612%. No prepayment penalty. Payment shown does not include taxes and insurance. The actual payment amount will be greater. Interest rates and annual percentage rates (APRs) are for informational purposes only and are subject to change without notice.
8 10-YEAR Payment Example: The payment for a 10-year term, loan amount $362000.00, Rate 5.250%, LTV 80% is $3884.00 for full Principal and Interest Payments with $5364.84 due at closing. The Annual Percentage Rate is 5.778%. No prepayment penalty. Payment shown does not include taxes and insurance. The actual payment amount will be greater. Interest rates and annual percentage rates (APRs) are for informational purposes only and are subject to change without notice.
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