SoFi Mortgage Refinance Review

Rating: 9.5 / 10 (Excellent)
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SoFi is a San Francisco-based lender founded in 2011 primarily to offer student loan refinancing services. Since then, they've expanded into other markets, and they now issue mortgages for primary residences in California, Washington, North Carolina, Pennsylvania, Texas, New Jersey, and Washington, D.C. SoFi has an A+ score with the BBB, and a five-star rating with TrustPilot.

How is SoFi rated?


Loan Options
Application Process

Overall Rating: 9.5 / 10 (Excellent)

SoFi is one of the pioneers of online lending, and they fast became a force to be reckoned with. Though their qualifying requirements are slightly stricter than other, comparable companies, the company's other benefits can far outweigh any difficulty. SoFi's excellent reputation and customer service make them a great choice for mortgage refinance.

Loan Options

Lender Type
Loans Offered
Rate & Term
Loan Programs
Fixed Year Terms
30 Year Fixed
15 Year Fixed
Adjustable Rate Mortgage Terms
7/1 ARM

Loan Options - 9.5 / 10

SoFi is a direct lender for conventional and jumbo loans. Though they don't offer any government-backed loans, such as VA or FHA, SoFi does have a series of other perks, such as networking opportunities and career counseling services. Additionally, SoFi only offers one adjustable rate product, which may be a limiting factor depending on the homeowner's situation.

Application Process

FHA Minimum Credit Score
Maximum LTV
Closing Time
Typical applications close in less than 30 days.
Waived Fees
No origination, application, or other lender fees.

Application Process - 9.6 / 10

SoFi's qualifying criteria tends to be more stringent than other, comparable lenders, as most of their approved loans go to borrowers with high credit scores and solid incomes. However, the benefits of their excellent rates, flexibility, and zero origination, application, or lender fees; can outweigh their slightly stricter requirements. The application process is simple and quick, and can be done completely online.

SoFi Reputation

Memberships & Regulatory Info.

Nationwide Mortgage Licensing System ID
Nationwide Mortgage Regulatory Actions
NMLS Collection Date
CFPB Total Mortgage Complaints
CFPB Collection Date

Online Reviews

Trustpilot Trustscore
BBB Rating
BBB Positive Reviews
BBB Negative Reviews
Date Collected

Reputation - 9.5 / 10

SoFi enjoys an excellent reputation in the lending community, with high credit ratings and a reputation for excellent customer service. They have zero regulatory actions with the Nationwide Mortgage Licensing System, and and exceptionally high TrustPilot score (which is fully customer-based).

Contact & Additional Information

Homepage URL
Company Phone
(844) 763-4466
Headquarters Address
375 Healdsburg Avenue Suite 280, Healdsburg, CA, 95448
Mailing Address
375 Healdsburg Avenue Suite 280, Healdsburg, CA, 95448
Year Founded

Top Rated
Our Partner
9.5 / 10
  • Easy online application & competitive rates
  • No fees, no catch! No Application, Origination or Lenders Fees.
  • Refinance fast! Typical applications close in 30 days
  • Refinance up to 80% of your home’s value
  • Over $4,000,000,000 dollars in loans funded

Latest SoFi Reviews

Silver Spring, Maryland

Way too much personal information, information that is irrelevant to a mortgage loan up front. Do not contact me! It's one thing to provide name/address/phone number it's another to start asking personal questions such as education level. How about sofi get to know their customer regardless of income or education level. Btw, I am educated, I have a 745 mortgage score & 200k annual income! The questions you require lead me to believe this information will be used to benefit sofi not the customer. I want to know why people are skeptical..... Educate yourself on the mortgage collapse when thousands were under supported and lost a home due to greed within the industry. Consider how educated... Read More