SoFi Blog

Tips and news—
for your financial moves.

cryptocurrency on blue background

An Early Look at Facebook’s Cryptocurrency Libra

Bitcoin and other cryptocurrencies aren’t endorsed or guaranteed by any government, are volatile, and involve a high degree of risk. For more information, see FINRA , SEC , and CFPB public advisories concerning digital asset risk.

Facebook is no stranger to mixing it up—and making headlines. First, they dropped the word “the” from their name to go from “the Facebook ” to just Facebook.

They then created the timeline, and put the algorithm through change after change, which probably led to at least one person you know to post a message about how they hoped it would somehow go back to how it used to be.

They bought Instagram and a VR company and put Farmville requests into countless American homes and mobile devices. Now they’re looking to make waves again with Libra.

You might be thinking that Libra is a new social media platform, a hot new unicorn startup acquisition, or a codename for a killer new feature.

It’s none of those things. It’s actually the big blue thumb’s first foray into the world of cryptocurrency. Yep, Facebook, that very same Facebook, now has its very own altcoin and they announced it Tuesday, June 18 with a whitepaper called “An Introduction to Libra .”

Read more

A Look at the Slack IPO

Slack Technologies, Inc. is a game-changing and familiar company that’s been making waves around Silicon Valley and across the globe. With that, it’s no surprise that their upcoming IPO is cause for some buzz in the investment world.

Some of you might even be logged into Slack right now. If you’re not already familiar with the company, it provides a cloud-based messaging and file-sharing service that facilitates workplace collaboration. You can think of it as a hub that replaces email.

Anyone that’s ever worked on a project with a team of people while at work knows that email doesn’t always get the job done. Email is one-sided, and conversations can become buried under the pile of junk that constantly pollutes our inboxes. And most importantly, it is not conducive to a fluid conversation between a group of people.

The need for such a service was clearly there. Slack filled that void and has subsequently seen success, and is now taking the company public.

Read more
gift with confetti

9 Practical Gifts for a New Graduate

Graduation is an exciting milestone that serves as a marker for a new chapter in life. The next steps for high school graduates may include heading off to college—eager to pursue a college degree in the field of their choice. As a college graduate, after years of studying, they’re graduating with a degree in hand. They may be continuing toward a master’s degree or planning on joining the workforce.

As the graduates in your life embark on their next steps, they might need a bevy of new things to get them though. That’s why, as you’re racking your brain trying to think of what to buy a college graduate, it can make sense to gift them something on the practical side, something that might come in handy as they head off on their new adventures.

And hey, no one ever said practical needed to be boring. Here are nine useful gift ideas for the recent graduate in your life.

Read more

Bravo’s Ryan Serhant and NBA on TNT’s Rosalyn Gold-Onwude To Join SoFi For “Goal Getters” Live in New York City

SoFi’s Flagship Member Experiences to Help SoFi Members Get Their Money Right

SAN FRANCISCO, CALIF. – June 19, 2019 – To inspire its members to continue to set and pursue their goals, SoFi is launching “Goal Getters”, a special live event to equip members with inspirational advice and career resources.

SoFi is partnering on the event with two successful goal-getters in their own right, Bravo’s Million Dollar Listing New York star and top-selling real estate agent Ryan Serhant and Norcal Emmy Award-winning sports broadcaster Rosalyn Gold-Onwude. Gold-Onwude and Serhant will join three hundred SoFi members and guests in New York City on June 26th for a conversation sharing their best career wisdom and how they continue to pursue their personal and professional goals.

“To stand where I am today, a best-selling author, top real estate agent, husband and father, has been a journey and one that has taken a lot of patience, persistence and gratitude. I attribute this success to identifying goals, measuring myself against them and staying determined even at times when I felt discouraged. It’s an important lesson and one that I’m looking forward to sharing with SoFi members,” says Serhant.

Adds Gold-Onwude, “I remember from an early age wanting to be a broadcaster and thinking that dream would be difficult to achieve. I knew that if I hustled, put in the work, stayed resilient and creative about finding opportunities, it would pay off. That’s a lesson I hope to impart upon SoFi members at the upcoming Goal Getters event.”

The event coupled with SoFi’s career tools and resources are here to help members feel confident that they can achieve their career goals. SoFi continues to encourage its members to achieve their personal and professional goals through its member benefits and product offerings. SoFi members have access to membership benefits which include over 250+ events across the country, free career coaching to all active members through an exclusive partnership with Korn Ferry as well as one-on-one personal finance sessions with credentialed financial planners. SoFi Relay also allows members to set goals so they can knock down their debt and see the big picture when it comes to their personal finances.

“Goal Getters is a perfect extension of our mission to help SoFi members achieve financial independence so they can realize their ambitions,” said SoFi CEO Anthony Noto. “The world has changed, and that independence can mean lots of things to different people. We’re excited to partner with Ryan and Ros, who can share their unique wisdom, and help our members set themselves up for success.”

The event is free to attend, but attendees must RSVP to reserve a spot. The conversation will be streamed via SoFi’s LinkedIn and Twitter pages. After the fireside chat with Gold-Onwude and Serhant, four pre-chosen SoFi members will present a one-minute presentation on what they would do with five thousand dollars to achieve their career ambitions as part of the Goal Getters Ambition contest. The in-person and live-stream audience will text to vote on their favorite to determine one lucky winner.

About SoFi

SoFi helps people achieve financial independence to realize their ambitions. Our products for borrowing, saving, spending, investing, and protecting give our more than 700,000 members fast access to tools to get their money right. SoFi membership comes with the key essentials for getting ahead, including career advisors and connection to a thriving community of like-minded ambitious people. For more information, visit SoFi.com or download our iOS and Android apps.

Media Contact

SoFi

[email protected]

Disclosures

SoFi loans are originated by SoFi Lending Corp. or an affiliate, NMLS # 1121636. (www.nmlsconsumeraccess.org Opens A New Window.). Licensed by the Department of Financial Protection and Innovation under the California Financing Law License No. 6054612.

“SoFi Invest” is the brand name for brokerage products and services offered through SoFi Securities LLC (SFS), Member FINRA/SIPC. SoFi Money® is a product of SFS. Advisory services offered through SoFi Wealth LLC (SFW), an SEC Registered Investment Adviser. SFS and SFW are affiliated companies under the common control of Social Finance, LLC (SoFi). Neither SoFi nor its subsidiaries are a bank.

SoFi cannot guarantee future financial performance. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Clearing and custody of all securities are provided by APEX Clearing Corporation. Information on SoFi Wealth available in the firm’s Form ADV Part 2 Brochure on the SEC’s website.

Read more

Jumbo Mortgage Loans: Rates and Limits


Jumbo Mortgage Loans

Open more doors with
a jumbo loan for up to
$3 million.

Get competitive jumbo loan rates
with
as little as
10% down and no
private
mortgage insurance. View
your rate for a jumbo mortgage
loan today.


View your rate

Checking won’t affect your credit score.

What is a jumbo loan?

A jumbo loan is a loan for an amount over the conforming loan limit, set by the Federal Housing Finance Agency (FHFA). In most counties, the conforming loan limit for a single-family home in 2026 is $832,750. But given rising home values in many cities, a jumbo loan may be necessary to buy a home.


Learn more

{/*horizon*/}

Why choose SoFi for your jumbo mortgage loan?


View your rate

Checking won’t affect your credit score.

Competitive rates

You could find a low fixed-rate jumbo loan with SoFi in minutes and save on your monthly payments.

No PMI

Private mortgage insurance is not required on a non-conforming mortgage, regardless of your down payment amount.

Low down payment

SoFi offers down payment options as low as 10%.

Dedicated Mortgage Loan Officers

Consult one of our experienced MLOs who can guide you through the jumbo mortgage loan process.


View your rate

Checking won’t affect your credit score.

{/* requirements */}

Jumbo loan requirements.

When qualifying for a jumbo loan from SoFi, your minimum loan amount must be $1 above your
county-specific conforming limit. Here’s what else you need to know:

Down payment


With SoFi, you could qualify for as little as 10% down. And since jumbo loans are nonconforming, there’s no PMI.

Credit score


To qualify for a jumbo loan, we require a minimum score of 720 or higher for a primary home, or higher for other property types.

Debt-to-income ratio
(DTI)

To qualify for most mortgages, you need a DTI ratio no higher than 43%. Lenders may want to see an even lower DTI ratio for a jumbo loan.

Loan-to-value ratio
(LTV)

LTV is a measure lenders use to compare the size of your loan to the value of the property you’re buying. The maximum LTV for a SoFi Jumbo Loan is 90%.

Cash reserves


Jumbo loan programs often require mortgage reserves, money, or assets borrowers could use to cover their housing costs. Some lenders may require reserves of 6 to 24 months of housing payments.


View your rate


Checking won’t affect your credit score.

{/*bottom horizon*/}

How to apply for a
jumbo loan.

  1. 1

    Prequalify without the hassle.

    Find the rate that you qualify for in minutes with no commitment.

  2. 2

    Select your loan.

    Find the loan that matches your financial goals and complete your jumbo loan application and the underwriting process.

  3. 3

    Get approved.

    Once your documents are signed, you can close on your new home!


  4. View your rate


    Checking won’t affect your credit score.



{/* zillow review*/}

“Austin and his team were awesome and easy to work with! Great communication and follow up. Kept us in the loop every step of the way! I would go back to Austin without question.”

“Keith and his team did an outstanding job from day 1. They went above and beyond to facilitate on time closing and funding of our mortgage. The rates we received could not be matched by any other lender.”

“Mark and his team worked very closely with us to make sure that we were comfortable with the process, understood the expectations, timeline and overall schedule.”

300+ Reviews

{/* learn module*/}

Learn more about jumbo mortgage loans.

Thinking about a jumbo loan from SoFi? Dive into these articles to learn more.








{/* faqs */}

FAQs



Are jumbo mortgage loans hard to get?


Yes, they can be. Lenders have stricter requirements, often requiring higher credit scores, larger down payments, and more cash reserves.



Do you have to put 20% down on a jumbo loan?


No, some lenders offer jumbo loans with a down payment as low as 5%-10%, though 20% is a common benchmark and may get you a better rate.



What amount is considered a jumbo loan?


A jumbo loan is a loan for an amount over the conforming loan limit, which is set by the Federal Housing Finance Agency (FHFA). In most counties, the conforming loan limit for a single-family home in 2026 is $832,750. But given rising home values in many cities, a jumbo loan may be necessary to buy a home. Teton County, Wyoming, for instance, had an average home value of over $2 million and a conforming loan limit of $1,209,750 in 2025. Check out this map to see the conforming limits per county.



What’s the difference between a jumbo loan and a conventional loan?


Mortgages that conform to the dollar limits set by the Federal Housing Finance Agency (FHFA) are called conforming loans—these loans are then purchased and repackaged by Freddie Mac and Fannie Mae to give lenders the liquidity (and therefore the ability) to provide more mortgage loans. Loans that exceed the dollar limits set by the FHFA are nonconforming or jumbo loans.

The factors for approval for conforming versus jumbo loans are similar, like your debt-to-income (DTI) ratio, credit score, and down payment. But because they aren’t backed by Freddie Mac or Fannie Mae, the qualification factors are more stringent for jumbo loans because of the higher risk that the lender takes on.

You might assume that interest rates for jumbo loans are higher than for conforming loans. But jumbo loan rates fluctuate with market conditions. Lately, jumbo mortgage rates have been similar to those of other mortgages and sometimes even lower.

Other differences between jumbo and conventional mortgages are detailed here.



Does SoFi offer jumbo loan refinancing?


Yes. Check out our mortgage refinance page to find the refi option that’s right for you.



What are the benefits of a jumbo loan?


Because a jumbo loan is for an amount greater than a conforming loan, it gives you more options for ownership of homes that are otherwise cost-prohibitive.



What are the limits of a jumbo loan?


The maximum amount for a SoFi Jumbo Loan is $3 million.

Learn more: What Are Jumbo Loan Limits?



How do you qualify for a jumbo loan?


Approval for jumbo loans depends on factors such as your income, debt, savings, credit history, employment status, and the property you intend to buy. Because a jumbo loan amount is greater than a conforming loan, the standards can be more intensive.



How much is the down payment on a jumbo loan?


The down payment is as little as 10% with a SoFi Jumbo Loan.




Which states does SoFi offer jumbo loans in?


SoFi currently offers jumbo loans in all states.




Can you qualify for a jumbo mortgage loan if you already have a mortgage loan with SoFi?


You can have up to two financed properties.


See more FAQs

{/* footer */}

Apply online or call
for a complimentary
jumbo mortgage loan
consultation.

Take the next step toward owning your dream
home. View your rate and get prequalified for a
jumbo mortgage loan today.


View your rate

Checking won’t affect your credit score.


Read more
TLS 1.2 Encrypted
Equal Housing Lender