Compare Loan Depot vs. SoFi Mortgage Rates

What’s the difference between loanDepot Mortgage and SoFi Mortgage? See how our editors compare the two companies below.
Last Updated: April 27, 2018
Disclosure: We receive advertising revenue from some partners. 
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loanDepot Mortgage
8.6 / 10 - Excellent
no_rank
SoFi Mortgage
9.5 / 10 - Excellent
no_rank
vs

Key Facts

  • Quick and easy online quotes
  • “No steering” policy for mortgage financing
  • Licensed mortgage bankers ready to assist
  • BBB-accredited with an A+ rating
  • Lifetime guarantee on loan refinance fees
  • As little as 10% down on loans of up to $3M with no PMI
  • Affordable down payments and no origination fees
  • Find exclusive rates and get pre-qualified in minutes
  • Receive funds in as little as 30 days after closing
  • Checking your score will not affect your credit
  • Not available in all states

OVERALL RATINGS

 Loan DepotSoFi
Loan Specifics8/109/10
Customer Experience9/1010/10
Qualification Requirements9/109/10
Lender Reputation9/1010/10

Customer Experience Compared

Types of Mortgage Loans Offered

Loan Depot
vs
SoFi
  • Fixed Rate 10 Year
  • Fixed Rate 15 Year
  • Fixed Rate 20 Year
  • Fixed Rate 30 Year
  • 3/1 ARM
  • 5/1 ARM
  • 7/1 ARM
  • 10/1 ARM
  • Jumbo Fixed Rate
  • Jumbo Adjustable Rate
  • VA Fixed Rate
  • VA Adjustable Rate
  • FHA Fixed Rate
  • FHA Adjustable Rate
  • Fixed Rate 15 Year
  • Fixed Rate 30 Year
  • 5/1 ARM
  • 7/1 ARM

Minimum Loan Amount


Customer Experience Compared

Online Features

 Loan DepotSoFi
Online Application
Yes
Yes
Online Quote
Yes
Yes
Additional Tools and Resources
Mortgage Calculator
Affordability Calculator
Help Articles
Document Checklist
Check Today's Rates
Mortgage Calculator
Help Articles
SSN Required for Quote
No
No

Loan Closing Time

Decision and Closing Times


Qualification Requirements Compared

Additional Qualification Requirements


Lender Reputation Compared

Key Facts

 Loan DepotSoFi
Lender Type
Direct Lender
Direct Lender
Year Founded
2010
2011
BBB Rating
A
A+
BBB Positive Reviews
565
25
BBB Negative Reviews
217
82
TrustPilot Rating
9.5 out of 10
9.3 out of 10
Collection Date
2018-02-05
2018-02-05

Complaints & Regulatory Actions

 Loan DepotSoFi
Nationwide Mortgage Licensing System ID
174457
1121636
The Nationwide Mortgage Regulatory Actions
2
0
Consumer Financial Protection Bureau Complaints
57
64


Company Profile

Full Name
loanDepot Mortgage
SoFi Mortgage
Company Website
Headquarters
26642 Towne Center Drive, Foothill Ranch, CA, 92610
One Letterman Drive Building C Main Floor Suite 250, San Francisco, CA, 94129

Final Verdict

SoFi Mortgage has a higher overall rating than loanDepot Mortgage. SoFi scores better than Loan Depot across: Loan Specifics, Customer Experience, and Lender Reputation. Both companies score similarly on Qualification Requirements.