SoFi Blog

Tips and news—
for your financial moves.

Jan
06
2022

Financial Insights Investment Portfolio Summary

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Investment Portfolio Summary

See all your

investments in

one place.

SoFi provides a detailed breakdown of
your accounts and individual holdings, giving
visibility into your investment performance.


Get started

The insights you’ve always wanted.

SoFi helps you understand how all your investments change with the market.

Track all your investments.

Connect your investment accounts and get updates on your portfolio.

Manage progress towards your retirement.

SoFi automatically categorizes your retirement accounts so that you can see how close you are to your retirement goal.

See changes in your net worth.

Helpful charts and tables make it easy to track changes in your net worth over time.

Get financial advice from a SoFi financial planner.

Access SoFi Member Benefits like a complimentary 30-min session with a SoFi financial planner.

FAQs


What accounts can I link?
You can link your deposit account (checking, savings), investment, and retirement accounts as well as credit cards, student loans, mortgages, and other liabilities. If you’re not able to link your account, you will be able to manually add an account or asset (like an owned car or home) so that you’re able to see your entire net worth.


What are the primary components of my credit score?

SoFi leverages the TransUnion VantageScore 3.0 model which includes several key components:

  • Payment History – comprised of whether you regularly pay your bills on time.
  • Credit Age and Type – average age of your credit accounts and mix of various types such as revolving debt and installment debt. An example of revolving debt is a credit card and an example of installment debt is a student loan.
  • Credit Utilization – the percentage of your credit limit you currently have outstanding.
  • Balances – balances on your credit accounts including current balances as well as delinquent accounts.
  • Inquiries – recent inquiries or applications for new credit.
  • Available Credit – amount of available credit that is unused.



Will checking my credit hurt my credit score?

Checking your own credit report is considered a soft inquiry, which does not impact your credit score.



Why does my credit score matter?

Your credit score is used by lenders, among others, as they review your applications for credit and determine your creditworthiness which might influence if they are willing to extend credit and at what terms. It might also be used by landlords, utility providers, and prospective employers.


See more FAQs


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Jan
06
2022

Financial Insights Real Estate and Property Value Tracking

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Property Tracking

Track the value
of your home and real estate.

Now you can track your home and property assets right alongside the rest of your money with SoFi.


Connect a property

Owning a home is kind of a big deal.

That’s why we make it easier for you to stay on top of your real estate investments—all in one place

Keep an eye on the value.

See changes in your home’s equity over time.

Stay renovation-ready.

Get personalized renovation cost estimates and financing options.

Protect what matters.

Find the insurance protection that’s right for you.

See if you can save.

Track rates and get tailored refinancing options.

FAQs


Why does Kukun’s home value estimator differ from other estimates I see online?
Property values can differ on different sites, as there is not a single right answer. Estimations are used in various ways, such as for purposes of getting a loan or to sell. Each individual Home Valuation Model takes into account specific assumptions about the condition of the home, statistics from other sales in the area, etc. that will make the end estimates differ. In reality, there is no single “true” home value but rather a range a home is worth at any given time based on the features and condition of the home and market conditions. As a result, home value estimates based on home valuation models may provide different estimates at different points within this range depending upon how quickly each individual model incorporates new information (home sales). Last, we have no vested interest in telling you whether your home is worth more or less than it actually is, which is not the case with many online providers for home value estimates. SoFi is committed to providing you with the most unbiased perspective possible and is specifically aiming to replicate how your home will be viewed from a lender’s perspective.

Keep in mind these values are only estimates of your home’s current market value and should be used as a starting point. Always hire a professional appraiser or licensed real estate agent to get the most accurate market analysis for your home before buying or selling.




When are values updated?

The estimates are updated in SoFi each month from the day you added your property. Newly purchased homes or homes in less populous areas may take time for estimations to become available.



How accurate is the estimated home value that’s shown?

Our vendor Kukun’s home value is estimated to be 85–95% accurate. The accuracy depends on availability of data, including square footage, lot size, bed/bath count, and more, plus market transactions, and details on any updates or changes to the property that are registered with local appraisers. The data used for estimation is refreshed on a regular cadence to ensure it keeps up with any changes in the market, such as new sales and listings.

Keep in mind these values are only estimates of your home’s current market value and should be used as a starting point. Always hire a professional appraiser or licensed real estate agent to get the most accurate market analysis for your home before buying or selling.




How does a cash-out refinance work?

When you refinance your mortgage, you can use the equity you’ve built in your home to borrow more than you currently owe and keep the difference as cash.

You might use the money to invest in home improvements, consolidate high-interest debts, or pay for other pressing needs.



Why are property estimates different?

Property values can differ on different sites, as there is not a single right answer. Estimations are used in various ways, such as for purposes of getting a loan or to sell, these numbers can vary widely.



Where does my estimated home value come from?

We get your home value from a property valuation company via our partner Kukun. The data comes from a 20-year veteran in the property valuation market and delivers advanced real estate valuation and data solutions to 47 of the top 50 lenders, who use this data for different purposes in the mortgage-lending process.



What is home equity?

Home equity is the difference between your home value and what you owe on your mortgage. It can change as you pay off your mortgage or when the market value of your home increases or decreases.



How did you calculate my mortgage balance from previous months?

We already know your loan term, the date when you got your loan, and your monthly payment. If you shared your interest rate, we’re able to use those three numbers to figure out your remaining balance for previous months. This estimate assumes that you have not refinanced, made any loan modifications, or changes to your monthly payment. For more info about your mortgage balance, review your mortgage statements and credit report, or contact your mortgage servicer.


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Jan
06
2022

Financial Insights Budgeting and Spending

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Budgeting and spending

Head toward financial
freedom with SoFi’s free
budget planner.

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✓
Track your money
every day and start saving money the smart way.

✓
Track top spending
categories to stay on top of your finances and set monthly budgets for free.

✓
Spot upcoming bills and subscriptions
with recurring expense tracking to ensure you never miss a payment.


Get started


Based on SoFi Members. This claim may not be representative of the experience of all other customers. | Updated: 5/6/2025

The free budget app you’ve always wanted.

Stay on top of your finances by seeing where your money goes.

Say hello to a budget planner.

Say goodbye to spreadsheets with our customizable budgets. Easily set budgets and get updates on your progress for free.

See upcoming bills.

Don’t pay more than you need to. We’ll track bills to help make sure you never miss a due date.

Get insights into your spending.

Our spending categories feature lets you see how your money gets earned and spent each month across all your SoFi and external accounts.

Free credit score and credit utilization insights.

Track your credit score weekly and understand the factors that can change it, like your credit utilization.

FAQs


What accounts can I link?
You can link your deposit account (checking, savings), investment, and retirement accounts as well as credit cards, student loans, mortgages, and other liabilities. If you’re not able to link your account, you will be able to manually add an account or asset (like an owned car or home) so that you’re able to see your entire net worth.


What if I have accounts that cannot be linked automatically?

If you can’t automatically link your account, SoFi’s budget planner lets you manually add an
account or asset (like an owned car or home) so that you can see your entire net worth all in
one place. You can manually add bank accounts, credit cards, loans, investment or retirement
accounts, as well as other assets and liabilities.



What are the primary components of my credit score?

SoFi leverages the TransUnion VantageScore 3.0 model which includes several key components:

  • Payment History – comprised of whether you regularly pay your bills on time.
  • Credit Age and Type – average age of your credit accounts and mix of various types such as revolving debt and installment debt. An example of revolving debt is a credit card and an example of installment debt is a student loan.
  • Credit Utilization – the percentage of your credit limit you currently have outstanding.
  • Balances – balances on your credit accounts including current balances as well as delinquent accounts.
  • Inquiries – recent inquiries or applications for new credit.
  • Available Credit – amount of available credit that is unused.



Can I customize my budget with SoFi?

Yes, SoFi’s budget planner allows you to set monthly spending targets to keep track of your
cash flow and spending habits. Based on your self reported income, SoFi will recommend a
spending target, but you can always adjust your target to fit your goals.


How does SoFi help manage bills?

SoFi identifies recurring expenses from your transaction history across all connected accounts.
You’ll see a monthly summary of your recurring expenses to help you spot upcoming payments,
monitor price changes, and stay on top of your bills.



Will checking my credit hurt my credit score?

Checking your own credit report is considered a soft inquiry, which does not impact your credit score.



Why does my credit score matter?

Your credit score is used by lenders, among others, as they review your applications for credit and determine your creditworthiness which might influence if they are willing to extend credit and at what terms. It might also be used by landlords, utility providers, and prospective employers.


How does SoFi track spending?

SoFi tracks your spending by pulling transactions from all your connected accounts into one
dashboard. It categorizes your spending, tracks your cash flow and spending habits, and shows
how you’re doing against your spending targets – all in real-time for a full view of your financial
picture.


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Jan
06
2022

Financial Insights Credit Score Monitoring

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Free credit score monitoring

View your free
credit score and
earn rewards points.

Getting your financial goals on track starts with your credit score. With credit score monitoring, you can track your score and earn rewards points every time it goes up five points or more.*


Get started

Must click on the link to be eligible. Other terms & conditions apply.*



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View and track your finances all in one place.

Activate free credit score monitoring. Then connect and view all your accounts in one place—with a 360-degree view of your finances that helps you budget, save, and hit your financial goals.

Set monthly spending targets

Learn which categories you’re spending the most on—so you can budget effectively, and spend smarter.

Boost your savings

See how much savings you have after your expenses each month, view your averages, and track your progress over time.

Stay on top of recurring expenses

View all your transactions so you can track your upcoming payments and subscriptions (and say goodbye to surprise charges!).


Get started


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Improve your financial health
by improving your
credit health.

Sign up for credit score monitoring in under a minute and

begin getting insights into your financial health.


Get started

Get weekly score updates.

Track your credit score at no cost, with weekly updates to help you stay on top of when your score changes.

Simulate credit scenarios.

Determine how certain financial decisions might impact your score.

Get advice from a SoFi Financial Planner.

Access SoFi member benefits, like a complimentary 30-minute financial planning session.

Get actionable credit insights.

Understand the factors that drive your credit score and what you can do to influence them.


Get started

What is credit score monitoring?

Here’s the gist: Credit score monitoring is a service that tracks your accounts and alerts you to any changes or suspicious activity, giving you time to start the process of undoing any damage that’s been done. (And with SoFi, it’s free!)

Looking to dive into the details? Learn more about what credit monitoring is and why it’s so important on your financial journey.


Learn more

Don’t miss the benefits of free credit score monitoring.

Keep an eye on your credit score.

By monitoring your credit with SoFi, you’ll get alerts to potential unauthorized activity or
identity theft— for free.

Prepare for major financial decisions.

Your credit score is important when you’re applying for loans, buying a home, or starting a business.

Identify areas for improvement.

See how your payment history and other factors impact your credit score and simulate changes to craft a plan for improvement.

How to sign up for free credit score monitoring with SoFi.

Sign up in under a minute—setup is easy, with no effect to your credit score:†


  • Enter your information.

    This part is essential to unlock your personal credit score.

  • Consent to terms and conditions.

    Almost done! We just need you to look over the legal terms.

  • Start tracking!

    View your credit score immediately in the dashboard.


Get started

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The power of your credit score

lies ahead.



Track your
credit growth

See how your credit score has
changed over time

Powered by
TransUnion®

Get your VantageScore 3.0 credit score
updated weekly

Won’t impact
your score

We only do a “soft” pull on your credit and
which won’t affect your score†


Get started

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FAQs


What accounts can I link?
You can link your deposit account (checking, savings), investment, and retirement accounts as well as credit cards, student loans, mortgages, and other liabilities. If you’re not able to link your account, you will be able to manually add an account or asset (like an owned car or home) so that you’re able to see your entire net worth.


What are the primary components of my credit score?

SoFi leverages the TransUnion VantageScore 3.0 model which includes several key components:

  • Payment History – comprised of whether you regularly pay your bills on time.
  • Credit Age and Type – average age of your credit accounts and mix of various types such as revolving debt and installment debt. An example of revolving debt is a credit card and an example of installment debt is a student loan.
  • Credit Utilization – the percentage of your credit limit you currently have outstanding.
  • Balances – balances on your credit accounts including current balances as well as delinquent accounts.
  • Inquiries – recent inquiries or applications for new credit.
  • Available Credit – amount of available credit that is unused.



Will checking my credit hurt my credit score?

Checking your own credit report is considered a soft inquiry, which does not impact your credit score.


Why does my credit score matter?

Your credit score is used by lenders, among others, as they review your applications for credit and determine your creditworthiness which might influence if they are willing to extend credit and at what terms. It might also be used by landlords, utility providers, and prospective employers.



When should you monitor your credit score?

Monitoring your credit score regularly is a key part of maintaining your financial health. Routine credit score checks can help you stay informed about your credit standing, identify areas for improvement, and detect potential unauthorized activity. At a minimum, aim to check your credit score once a year. However, ongoing credit score monitoring is even more beneficial, particularly if you’re preparing for major financial decisions, like buying a home.



What is considered a good credit score?

Credit score ranges vary slightly depending on the scoring model used by each credit bureau. Generally, a score between 670 and 739 is considered “good,” 740 to 799 is classified as “very good,” and a score of 800 or higher is considered “excellent.”


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Jan
06
2022

Financial Insights

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FINANCIAL INSIGHTS

Track and manage all
your finances, all in one place.

✓ Log in to just one app to view all your financial accounts.
✓ See your spending, set budgets, monitor credit, and more—for free.
✓ Keep your data protected with multifactor authentication.


Get started

Checking your rate will not affect your credit score.


Based on SoFi Members. This claim may not be representative of the experience of all other customers. | Updated: 3/27/2025

See how SoFi could help you get
your full financial picture.

1/5

Credit score monitoring

Track your credit score with weekly updates and
earn rewards points1 every time it goes up five
points or more.


Learn more

2/5

Budgeting and spending

Set budgets, categorize your spending, and spot
upcoming bills with a free budget planner.


Learn more

3/5

Property tracking

Track the value of your home and real estate
investments right along with the rest of your
personal finances.


Learn more

4/5

Debt summary

View, organize, and understand your current debt and
learn how to better manage it with insights from our
free debt tracker.


Learn more

5/5

Investment portfolio

See all your investment accounts at once and
track how they change with the market.


Learn more


See all your accounts—not just SoFi ones.

You can instantly connect to more than 12,000 financial institutions. That means your easy-to-use dashboard could include your checking, savings, student loan, credit card, mortgage, investment, retirement, and other accounts—plus credit score monitoring, budgeting tools, and more. Did we mention it’s free?


Get started

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Knowing your credit
score is the
first step to financial wellness.

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Keeping score.

Get weekly updates, understand the factors that drive your credit score, and get rewards points every time it goes up five points or more.

You’re covered.

Multifactor authentication helps keep your personal data safe and secure.

Check it anytime.

We only do a “soft” pull on your credit, so it won’t hurt your score† or your wallet—plus it’s free.

Powered by TransUnion®.

Get your VantageScore® 3.0 credit score, a model developed by all three national credit reporting companies.


Get started

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Don’t take our word for it.
See what members have to say.

I love using SoFi to see an up to date snapshot on my full financial picture. Being able to pull in all my accounts, review equity in my home, and monitor my credit score gives me a true one stop shop to “get my money right.” Having up to date info all pulled together let’s me save time and feel confident that I know my full financial picture.

—Brad S.

Actual SoFi Ambassador.

SoFi has been the best tool to save me time, money and helps me accomplish my future financial goals and the best of all it’s all in one app. The setup is simple and you never have to go through several logins to see all your information on one screen.

—Anja C.

Actual SoFi Ambassador.

The best part about using SoFi is the ability to see your financials broken down by cash, investments, credit cards, loans and property. It helps me have a better understanding of where all of my money lives and how it increases or decreases my net worth over time. SoFi has helped me become more confident with my financials and help me start to better prepare for retirement. This is a tool that everyone should take advantage of.

—Betty T.

Actual SoFi Ambassador.

SoFi has been incredibly helpful in having a clear, consolidated picture of my finances. A regularly updated credit score encourages me to constantly improve it, while seeing my investments gives me confidence for future goals and retirement. SoFi also keeps me honest when spending money and guides me towards better habits.

—Ethan T.

Actual SoFi Ambassador.

The best part about SoFi is the ability to see all my accounts, investment, credit, and more all in one place. SoFi offers me a one-stop-shop to view my net worth on all one platform. My spending and investing habits have improved thanks to the ability to see upcoming recurring expenses, monthly savings, and spending categories. Credit score monitoring also provided me with reminders that I was doing the right thing with my credit habits. All in all, I feel more confident than ever to lead my wallet into the world safely.

—Austin W.

Actual SoFi Ambassador.


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FAQs


What accounts can I link?
You can link your deposit account (checking, savings), investment, and retirement accounts as well as credit cards, student loans, mortgages, and other liabilities. If you’re not able to link your account, you will be able to manually add an account or asset (like an owned car or home), so that you’re able to see your entire net worth.


How many financial institutions can I connect to SoFi?
You can securely connect to more than 12,000+ financial institutions with SoFi. Once you’ve linked
your account, you can track all your finances across both your SoFi and external financial accounts in one
money tracker app. If your bank is not listed, you can manually link your accounts or assets to view your
net worth.


What are the primary components of my credit score?

SoFi leverages the TransUnion VantageScore 3.0 model which includes several key components:

  • Payment History – comprised of whether you regularly pay your bills on time.
  • Credit Age and Type – average age of your credit accounts and mix of various types such as revolving debt and installment debt. An example of revolving debt is a credit card and an example of installment debt is a student loan.
  • Credit Utilization – the percentage of your credit limit you currently have outstanding.
  • Balances – balances on your credit accounts including current balances as well as delinquent accounts.
  • Inquiries – recent inquiries or applications for new credit.
  • Available Credit – amount of available credit that is unused.

Learn more: What Factors Affect Your Credit Score?


Will checking my credit hurt my credit score?

Checking your own credit report is considered a soft inquiry, which does not impact your credit score.

Learn more: Does Checking Your Credit Score Lower Your Rating?



Why does my credit score matter?

Your credit score is used by lenders, among others, as they review your applications for credit and determine your creditworthiness which might influence if they are willing to extend credit and at what terms. It might also be used by landlords, utility providers, and prospective employers.

Learn more: Why Does Creditworthiness Matter?



Are SoFi’s financial insights features free?
Yes, all of SoFi’s features including credit score monitoring, online budgeting and spending tracker,
debt summary and more are free to use!


See more FAQs

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Master your finances all in one place.

See all your accounts in one free, easy-to-use dashboard.


Get started


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SoFi Daily

Stay up to date on the latest business news and stock market happenings.

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Terms and Conditions Apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or other eligible status and meet SoFi's underwriting requirements. Not all borrowers receive the lowest rate. Lowest rates reserved for the most creditworthy borrowers. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, evaluation of your creditworthiness, years of professional experience, income, and a variety of other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers, or may become available, such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Financial Protection and Innovation under the California Financing Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp. or an affiliate, NMLS # 696891. (www.nmlsconsumeraccess.org)

✝︎ To check the rates and terms you 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.

INVESTMENTS: NOT FDIC INSURED • HAVE NO GUARANTEE • MAY LOSE VALUE. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. The SoFi Wealth platform is operated and maintained by SoFi Wealth LLC, an SEC Registered Investment Advisor. Brokerage services are provided to clients of SoFi Wealth LLC by SoFi Securities LLC, an affiliated broker-dealer registered with the Securities and Exchange Commission and a member of FINRA /SIPC . Clearing and custody of all securities are provided by APEX Clearing Corporation. For more information, please see SoFi Wealth LLC’s Form ADV Part 2 by clicking here for SoFi's Wealth Form ADV Part 2 A&B or by visiting www.adviserinfo.sec.gov .
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