SoFi Mortgage Refinance Review

Rating: 8.8 / 10 (Very good)
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How is SoFi rated?
Refinance Rates
Mortgage Types
Home Related Loans
Mortgage Related Fees


SoFi is a marketplace lender that provides financing services for personal loans, mortgage and mortgage refinancing. It takes a different approach to loan approval by not only considering your credit ratings but also your income and education. It offers a convenient online application process where homeowners are matched with individual and institutional investors.  


Types of Home Refinancing Mortgages

  • Fixed Rate Mortgages
  • Adjustable Rate Mortgages


Qualifying for Mortgage Refinance

Qualifying for mortgage refinance can be a bit tricky for those with poor credit scores. Because applications are reviewed by individual or institutions who have a lower risk profile compared to banks or mortgage lenders, getting approved might be more difficult.


Credit Score

620 or better

Income to Debt Ratio

50% or more

Years Employed

2 years

Loan Terms

Up to 30 years

  • Age of majority in your state
  • Homeowner or co-signer is a US citizen or permanent resident


Refinance Mortgage Rates

SoFi offers mortgage refinance services for up to 80 percent of the home’s value.  Percentage points for mortgage rates shift for more than 1 percentage point so be sure to check this with your mortgage lender.

30 Year Fixed


50% Loan to Value

80% Loan to Value


3.370% - 4.370%

3.745% - 5.245%


3.394% - 4.395%

3.770% - 5.272%


15 Year Fixed


50% Loan to Value

80% Loan to Value


2.620% - 3.745%

3.120% - 4.620%


2.663% - 3.789%

3.163% - 4.665%


7/1 ARM


50% Loan to Value

80% Loan to Value


2.495% - 3.620%

2.995% - 4.495%


2.764% - 3.281%

2.991% -


Why Mortgage Refinance at SoFi

SoFi mortgage refinance offers some of the most competitive mortgage rates in the market today. It also offers a more complete approach to the loan qualifying process which increases your chances of getting better mortgage rates. However, this only awards those with good credit ratings so qualifying for a loan can be difficult. SoFi is definitely a good choice for homeowners with good or average credit scores searching for competitive mortgage refinance rates.  



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