9 To check the rates and terms you may qualify for, SoFi conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.
^ Terms and conditions apply. To be eligible for and receive the offer you must be: (1) approved by SoFi for a mortgage loan for the purchase of a home, (2) be a new SoFi mortgage customer, (3) register and apply through the promotion link for a SoFi Mortgage, (4) lock your rate and close and fund your mortgage loan with SoFi; (5) have a SoFi Money account or have or open a SoFi Checking and Savings account within 60 days after starting the home loan application. To receive the offer, you must meet all conditions and your $500 bonus will be deposited into your SoFi Money or SoFi Checking and Savings account within approximately 30 calendar days after earning the bonus. Eligible participants who have SoFi Checking and Savings accounts will receive the bonus within a SoFi Checking account. If the participant has a SoFi Money cash management account, and does not have a SoFi Checking and Savings account, the bonus will be deposited to SoFi Money. If the participant does not have a SoFi Checking and Savings or SoFi Money account, they must apply for SoFi Checking and Savings in order to receive payout. If the participant is rejected for a SoFi Checking and Savings account, SoFi will fulfill the bonus via ACH transfer pending completion of a W9 form by the applicant. Bonuses that are not redeemed within 60 calendar days of the date they were made available to the recipient may be subject to forfeit. Bonus amounts of $600 or greater in a single calendar year will be reported to the Internal Revenue Service (IRS) as miscellaneous income to the recipient on Form 1099-MISC in the year received as required by applicable law. Recipient is responsible for any applicable federal, state, or local taxes associated with receiving the bonus offer; consult your tax advisor to determine applicable tax consequences. SoFi reserves the right to change or terminate the offer at any time with or without notice.
1 Obtain a SoFi mortgage for the purchase of a home and SoFi will waive its administrative fee when you refinance. Eligibility conditions: (1) You must close your new purchase mortgage by June 30, 2023; (2) at the time of refinancing, the current market interest rate must be at least 1% less than the interest rate of the original loan; and (3) To redeem this offer, you must request waiver of the administrative fee at the time you apply for the refinancing loan and prior to locking your rate. This offer is limited to one (1) refinance transaction per person. Refinance transaction must occur by June 1, 2024. SoFi reserves the right to change or end this offer at any time.
‡ SoFi On-Time Close Guarantee: If all conditions of the Guarantee are met, and your loan does not close on or before the closing date on your purchase contract accepted by SoFi, and the delay is due to SoFi, SoFi will provide you $2,000.^ Terms and conditions apply. This Guarantee is available only for loan applications submitted after 6/15/22 for the purchase of a primary residence. Please discuss terms of this Guarantee with your loan officer. The property must be owner-occupied, single-family residence (no condos), and the loan amount must meet the Fannie Mae conventional guidelines. No bank-owned or short-sale transactions. To qualify for the Guarantee, you must: (1) Have employment income supported by W-2, (2) Receive written approval by SoFi for the loan and you lock the rate, (3) submit an executed purchase contract on an eligible property at least 30 days prior to the closing date in the purchase contract, (4) provide to SoFi (by upload) all required documentation within 24 hours of SoFi requesting your documentation and upload any follow-up required documents within 36 hours of the request, and (5) pay for and schedule an appraisal within 48 hours of the appraiser first contacting you by phone or email. The Guarantee will be void and not paid if any delays to closing are due to factors outside of SoFi control, including delays scheduling or completing the appraisal appointment, appraised value disputes, completing a property inspection, making repairs to the property by any party, addressing possible title defects, natural disasters, further negotiation of or changes to the purchase contract, changes to the loan terms, or changes in borrower’s eligibility for the loan (e.g., changes in credit profile or employment), or if property purchase does not occur. SoFi may change or terminate this offer at any time without notice to you. ^To redeem the Guarantee if conditions met, see documentation provided by loan officer.
*The 0.25% purchase pricing special will be reflected on the lock confirmation you receive upon locking your interest rate. Rates can vary and are not guaranteed until locked. Available only on 30-year conforming purchase transactions after 1/14/22.
All information in the primary residence payment examples listed above — including interest rates, payments, terms, and availability — is for informational purposes only and is subject to change without notice.
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Self-Serve 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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