Compare Rocket vs. SoFi Mortgage Refinance

What’s the difference between Rocket Mortgage Refinance and SoFi Mortgage Refinance? See how our editors compare the two companies below.
Last Updated: December 04, 2017
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Rocket Mortgage Refinance
9.0 / 10 - Excellent
#6 in Mortgage Refinance
SoFi Mortgage Refinance
9.5 / 10 - Excellent
#4 in Mortgage Refinance
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Key Facts

  • Rocket Mortgage by Quicken Loans!  We’ve Reinvented the Refinance Process…
  • Get an automated refinance approval in minutes
  • Save time & avoid paperwork by sharing your finances online. 
  • Real Numbers in Real-Time
  • 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

OVERALL RATINGS

 RocketSoFi
Loan Options10/1010/10
Application Process9/1010/10
Reputation8/1010/10

Loan Options

 RocketSoFi
Lender Type
Lender
Lender
Loans Offered
Rate & Term
Cash-out
Rate & Term
Cash-out
Loan Programs
FHA
VA
Conventional
HARP
Jumbo
Conventional
Jumbo
Fixed Year Terms
30 Year Fixed
15 Year Fixed
30 Year Fixed
15 Year Fixed
Adjustable Rate Mortgage Terms
10/1 ARM
7/1 ARM
5/1 ARM
7/1 ARM

Application Process

 RocketSoFi
Minimum Credit Score
620
FHA Minimum Credit Score
580
580
Closing Time
Approximately 30 days.
Typical applications close in less than 30 days.

Reputation

Memberships & Regulatory Info.

 RocketSoFi
Nationwide Mortgage Licensing System ID
3030
1121636
Nationwide Mortgage Regulatory Actions
1
0
NMLS Collection Date
2017-07-18
2017-07-17
CFPB Total Mortgage Complaints
1,315
3
CFPB Collection Date
2017-07-13
2017-07-13
Total VA Loans Written (Q1 2017)
14,958 loans
Total VA Loan Amount (Q1 2017)
$3,163,948,550

Online Reviews

 RocketSoFi
Trustpilot Trustscore
9.4
9.6
BBB Rating
A+
A+
BBB Positive Reviews
1,906
11
BBB Negative Reviews
245
49
BBB Neutral Reviews
70
Date Collected
2017-07-18
2017-07-17

Contact & Additional Information

 RocketSoFi
Homepage URL
Company Phone
(800) 304-1225
(844) 763-4466
Headquarters Address
1050 Woodward Avenue, Detroit, MI, 48226
375 Healdsburg Avenue Suite 280, Healdsburg, CA, 95448
Mailing Address
1050 Woodward Avenue, Detroit, MI, 48226
375 Healdsburg Avenue Suite 280, Healdsburg, CA, 95448
Year Founded
1985
2011

Final Verdict

SoFi Mortgage Refinance has a higher overall rating than Rocket Mortgage Refinance. SoFi scores better than Rocket across: Application Process, and Reputation. However, Rocket scores better on Mortgage Related Fees, Financial Reputation, and Reviews and Support Service. Both companies score similarly on Mortgage Types, Qualifying, and Loan Options.