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SoFi Cash Out Refinance Review

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SoFi is a San Francisco-based lender founded in 2011 primarily to offer student loan refinancing services. Since then, they've expanded into other markets, and they now issue mortgages for primary residences, as well as additional financial products. SoFi has an A+ score with the BBB, and a five-star rating with TrustPilot.

How is SoFi rated?

Breakdown

Overall Rating: 0 / 5 (N/A)

SoFi is one of the pioneers of online lending, and they fast became a force to be reckoned with. The company's cash-out refinance is an ideal option to a home equity loan for borrowers looking to gain access to a large sum of money and take advantage of lower interest rates. Though their qualifying requirements are slightly stricter than other, comparable companies, the company's other benefits can far outweigh any difficulty. SoFi's excellent reputation and customer service make them a great choice for mortgage refinance.

SoFi Features

Lender Type
Online Lender
Loan Types Available
Cash-out Refinance
Cash-out Refinance Terms
15-Year Fixed, 30-Year Fixed, 7/1 ARM
Closing Fee
Maintenance Fee

SoFi Qualifications

Minimum Credit Score
580

SoFi Customer Experience

Site Features & Technology
Mobile App
Online Application
Online Quote

Memberships & Accreditations
Equal Opportunity Lender
Insured by Federal Housing Administration
Nationwide Mortgage Licensing System ID
1121636
Nationwide Mortgage Regulatory Actions
0
Trust Pilot Rating
9.5 out of 5
BBB Rating
A+
Date Collected
2017-08-17

Contact & Additional Information

Homepage URL
Company Phone
(855) 456-7634
Headquarters Address
One Letterman Drive, Building C, Suite 250, San Francisco, CA, 94129
Mailing Address
PO Box 29372, San Francisco, CA, 94129
Year Founded
2011

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