SoFi (small for Social Money) is a commander in the wonderful world of technology-established mortgage loans. SoFi fundamentally deals with higher-money borrowers that have low-old-fashioned forms of borrowing from the bank. Particularly, they offer unique solutions and you can positives to own mortgage customers.

Whether you’re shopping for a timeless fixed-rates mortgage or a varying-rate loan, SoFi has a lot away from choices for you to decide on out of.

Contained in this SoFi Financial remark, we’re going to talk about the kinds of home loans SoFi also provides, the required steps to help you meet the requirements, therefore the benefits that come together with opting for this home loan company.

SoFi Financial Application Conditions

Regarding applying for home financing, SoFi is kind of a combined bag. This is because he has rigorous credit rating criteria in certain areas, and are really lax in others. Such as for example, to own old-fashioned loans or Case mortgages, minimal credit rating was 660. To possess jumbo funds, the minimum credit rating was 720.

The SoFi debtor is required to set out a downpayment of at least 10%. Continue reading They focus on lending options such as for instance private figuratively speaking, student loan refinancing, and you will mortgages →