Compare Rocket Mortgage vs. SoFi Mortgage Rates

What’s the difference between Rocket 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. 
Learn more.
Rocket Mortgage
9.1 / 10 - Excellent
#4 in Mortgage Rates
SoFi Mortgage
9.5 / 10 - Excellent
no_rank
vs

Key Facts

  • A streamlined loan application that can be completed entirely online
  • Get pre-approved and lock your rate in as little as eight minutes
  • Receive custom mortgage solutions based on your credit and finances
  • Automatically share information about your income and assets
  • Customize loan terms and costs to fit your budget
  • 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

 Rocket MortgageSoFi
Loan Specifics10/109/10
Customer Experience9/1010/10
Qualification Requirements9/109/10
Lender Reputation8/1010/10

Customer Experience Compared

Types of Mortgage Loans Offered

Rocket Mortgage
vs
SoFi
  • Fixed Rate 15 Year
  • Fixed Rate 30 Year
  • 5/1 ARM
  • 7/1 ARM
  • 10/1 ARM
  • Jumbo Fixed Rate
  • VA Fixed Rate
  • VA Adjustable Rate
  • FHA Fixed Rate
  • FHA Adjustable Rate
  • USDA Loan
  • Marketplace
  • Fixed Rate 15 Year
  • Fixed Rate 30 Year
  • 5/1 ARM
  • 7/1 ARM

Minimum Loan Amount


Customer Experience Compared

Online Features

 Rocket MortgageSoFi
Online Application
Yes
Yes
Online Quote
No
Yes
Additional Tools and Resources
Mortgage Calculator
Affordability Calculator
Loan-to-debt Ratio Calculator
Help Articles
Mortgage Calculator
Help Articles
SSN Required for Quote
Yes
No

Loan Closing Time

Decision and Closing Times


Qualification Requirements Compared

Key Requirements at a Glance

 Rocket MortgageSoFi
Minimum FICO Score
620
Minimum Down Payment
$3
Non-Traditional Credit History Considered?
No
Yes

Additional Qualification Requirements


Lender Reputation Compared

Key Facts

 Rocket MortgageSoFi
Lender Type
Marketplace
Direct Lender
Year Founded
2015
2011
BBB Rating
A+
A+
BBB Positive Reviews
2,244
25
BBB Negative Reviews
272
82
Collection Date
2018-02-02
2018-02-05

Complaints & Regulatory Actions

 Rocket MortgageSoFi
Nationwide Mortgage Licensing System ID
3030
1121636
The Nationwide Mortgage Regulatory Actions
1
0
Consumer Financial Protection Bureau Complaints
1,543
64


Company Profile

Full Name
Rocket Mortgage
SoFi Mortgage
Company Website
Headquarters
1050 Woodward Avenue, Detroit, MI, 48226
One Letterman Drive Building C Main Floor Suite 250, San Francisco, CA, 94129

Final Verdict

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