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Mortgage Preapproval | SoFi
Online mortgage preapproval
Get on the fast track to home ownership with mortgage pre-approval.
Don’t miss out on your dream home. Get preapproved for a mortgage with SoFi and stand out from other buyers with a Verified Preapproval Letter.
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Why choose SoFi for your mortgage preapproval?
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Simple and online.
You don’t need to head to the bank to get preapproved for a home loan—you don’t even need to leave your couch.
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Quick and easy preapproval.
Receive your Verified Preapproval Letter and know exactly how much you’re approved for.
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Self-serve access.
Access, customize and download your Verified Preapproval Letter online at any time.
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Streamlined process.
Having a SoFi Verified Preapproval will speed up your mortgage process once you find your dream home.
What is a mortgage preapproval?
A mortgage preapproval helps you understand your home buying budget. You provide detailed information about yourself and your finances, and the home mortgage lender reviews it and comes back with a Verified Preapproval Letter which indicates the mortgage amount you’re approved for. A Verified Preapproval Letter can provide you with a competitive advantage as it shows sellers you’re serious and financially able to close the deal.
Learn more
Preapproval vs. prequalification.
Prequalification is a great way to start your house-hunting journey because it’s a quick and easy way to get an idea of how much of a loan you can get. Mortgage preapproval takes it to the next level and is a good idea if you’re ready to start looking at homes.
Benefits of a SoFi Verified Preapproval:
Get budget clarity.
Better understand your home buying budget to know what you can afford.
Know exactly how much you’re approved for.
Find out the exact amount you’d be able to secure for your home loan.
Strengthen your offer.
Show sellers you’re serious about buying. A SoFi Verified Preapproval Letter can help you stand out from other interested buyers and increase your negotiation power.
Speed up the process.
When you’re ready to buy a home, a mortgage preapproval can help make your final mortgage application process quicker.
How to get preapproved for a mortgage with SoFi:
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Tell us about yourself.
Share a bit about yourself and your home loan goals.
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Provide details about your financial situation.
Submit financial documents like pay stubs, tax returns and bank statements.
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Wait for review.
Your information will be reviewed by an underwriter.
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Access your SoFi Verified Preapproval Letter.
Your SoFi Verified Preapproval Letter will be available to you online, in your portal where you’ll be able to download or access at anytime. The letter is valid for 90 days.
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What happens after preapproval?
Once you have a mortgage preapproval letter, you’re ready to start home shopping! With your letter in hand, you can begin looking at properties in your preapproved price range. When you find a home you love, you can make an offer—standing out from the crowd because you have proof you can afford the home. Once you have an accepted offer, you’ll formally apply for a mortgage loan.
Remember, your preapproval is valid for 90 days, so if you don’t purchase a home in that timeframe, you’ll need to apply for a new preapproval.
Learn more about getting preapproved for a mortgage.
FAQs
How far in advance should I get preapproved for a mortgage?
The ideal time to get preapproved for a home loan is right before you begin your home search. This lets you know exactly how much you can afford and demonstrates to a seller you can be approved for a mortgage.
How long is my preapproval valid for?
Your SoFi Verified Preapproval Letter is valid for 90 days.
What documents do I need for preapproval?
You’ll typically be asked for two years of residency history, two years of employment history, and income and credit documents (paystubs, W-2s, property documentation, etc.)
What is the minimum credit score for a SoFi mortgage?
To be preapproved for a SoFi home mortgage, you’re required to have a minimum credit score of 600. Unsure of your credit score? Check it now.
Does preapproval guarantee a mortgage?
No. However, it does indicate a lender reviewed your financial information and determined you’ll likely be approved for a mortgage loan for a specific amount.
Is it better to be prequalified or preapproved?
Because preapproval requires a deeper dive into your financials, a preapproval is generally better when you’re shopping for a new home. However, prequalification is a great starting point if you’re just starting to consider buying a new home.
Can I use my SoFi Verified Preapproval for a different property?
Yes, you can use your preapproval for various properties. A preapproval isn’t limited to a single property.
How do I contact a SoFi mortgage specialist?
To speak with a SoFi mortgage loan officer, call 833-408-7634.
See more FAQs
Terms and conditions 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. Minimum loan amount is $75,000. Lowest rates are reserved for the most creditworthy borrowers. Products, rates, benefits, terms, and conditions are subject to change without notice. Learn more at SoFi.com/eligibility-criteria. Information current as of 12/18/25.
SoFi Mortgages originated through SoFi Bank, N.A., NMLS #696891 (Member FDIC), (www.nmlsconsumeraccess.org). Equal Housing Lender. SoFi Bank, N.A. is currently able to issue and refinance mortgages in all states except purchase only for New York.
Verified 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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