SoFi Cash Out Refinance Review

Rating: 9.4 / 10 (Excellent)
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How is SoFi rated?
Consumer Experience

SoFi specializes in providing lending solutions for student loan refinancing, mortgages and personal loans. It is the second largest marketplace lender today with over $10 billion in loans issued to date. If you are in market for a home equity loan, you might reconsider. A personal loan gives you better flexibility allowing you to use the funds for home improvement or virtually any other purpose. Rates are very competitive and approval can be much faster and easier than a home equity loan because you don't have to go through all the work to get an appraisal etc.

What can you do with SoFi Cash-Out Refinance Loan?

  • Home Improvement
  • Personal use
  • Start a business
  • Virtually anything else!

65% LTV Maximum

*** SoFi does not originate mortgage loans in Alaska, Arkansas, Hawaii, Iowa, Kansas, Kentucky, Louisiana, Maine, Massachusetts, Michigan, Mississippi, Missouri, Montana, Nebraska, Nevada, New Mexico, New York, Ohio, Oklahoma, South Carolina, South Dakota, Utah, Virginia or West Virginia.


Online Application Time

A few minutes

Response Time

Not Stated


US Citizen or Permanent Resident

Age of majority in your state

Currently Employed

Information Used

Credit History


Employment Status

SoFi Cash-Out Refinance Bottom Line:

SoFi is an industry pioneer offering innovative lending solutions for a wide range of products. We like SoFi’s cash-out refinance to turn your home equity into cash at up to a 65% LTV! These funds can be used for a variety of purposes such as starting a business, home mortgage, mortgage refinance and even making home improvements. No Fees and a 2 Minute Pre-Qualificaiton Online (with no impact to your credit) makes SoFi a fantastic option!




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