Compare loanDepot vs. SoFi Mortgage Rates
What’s the difference between loanDepot Mortgage and SoFi Mortgage? See how our editors compare the two companies below.
Key Facts
- Fast-growing, customer-centric lender, 5th largest retail mortgage lender in the US
- Take advantage of historically low interest rates now - while they last!
- Expertise across all loan types - over $100 billion in loans funded since 2010
- "No steering" policy for mortgage financing to put customer first
- Licensed Loan Officers ready to assist via web or phone
- A+ BBB Rating: The Highest Rating Offered
- Affordable down payments and no hidden fees
- Find exclusive rates and get pre-qualified in minutes
- Receive funds in as little as 30 days after closing
- Checking initial rates and terms through pre-qualification will not affect your credit score
OVERALL RATINGS
| loanDepot | SoFi | |
|---|---|---|
| Lender Types | 5.0/5 | 4.4/5 |
| Available Mortgage Types | 5.0/5 | 4.7/5 |
| Customer Experience | 5.0/5 | 4.8/5 |
| Reputation & Transparency | 5.0/5 | 5.0/5 |
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Final Verdict
loanDepot Mortgage has a higher overall rating than SoFi Mortgage. loanDepot scores better than SoFi across: Lender Types, Available Mortgage Types, Qualification Requirements, and Customer Experience. Both companies score similarly on Reputation & Transparency.
Customer Comments & Reviews
loanDepot Mortgage review
My credit score took a big hit recently because I bought a house and my student loans reflected on my credit score at the same time. I was stuck at 550 for months before i got a massive intervention from creditmason.net. They removed all items affecting my credit and my score went over 750.
SoFi Mortgage review
Sofi loans been great! I’ve been with them for a year. Thanks to CreditMason also for boosting my credit score and clearing my debts when I needed it. I’ll implore anyone that needs to work on their credit to get help at
creditmason . net
loanDepot Mortgage review
they said they offer a lifetime guarantee that will waive their lender fees and reimburse you for your appraisal. But they never call you back. there rate are good but if you plane or think about useing this lifetime guarantee than it is a joke. Don't count on them standing behind there word.
SoFi Mortgage review
Underwriting dept is awful. Provided all info requested and sofi has moved my closing date 3 times. More than 2 months and still have not closed even though I've provided all info. This was for a cash out refi. If you want a quick turn around go elsewhere. If you have time to wait and provide the same info more than once then sofi is for you (eyeroll). I don't even know why they do mort loans. There other loan dept that I have used from sofi are far superior to their mort dept.
loanDepot Mortgage review
Went to refinance due to lower interest rates. Contact loandepot and the initial sales personnel Anna Cano was satisfactory. But when I was just transferred to the loan officer-Rick Perez - it was extremely disappointing. I worked with him for months and I never seen or experienced a person who would tell me one thing and it wasn't true often. For example he would not meet previous agreed upon obligations. He would not fulfill fiduciary duties. He would mislead and Stonewall. I had to talk to his boss in order to attempt to get results. The only thing that this change is for him to actually start return my phone calls. But the quality of care, customer service and explanation of discrepancies in the loan estimate and the loan disclosure and many other things led me to come to the conclusion that this is the worst experience I have had buying any property. And one extremely odd and perplexing thing is when he kept procrastinating sending the notary over for the final signing 2 weeks on actually getting sign .fact he kept rescheduling it over and over again I don't know what he gained by postponing the actual notary coming by and sign the documents signing but he he did
