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At a Glance
Min Credit Score
600
Loan Types
Conventional, Jumbo
Notable Features
- No origination fees or application fees
- Unemployment protection program
- Member rate discounts
Pros and Cons
Pros
- +No origination, application, or appraisal fees
- +Competitive rates for well-qualified borrowers
- +Unemployment forbearance program for members
Cons
- -No FHA, VA, or USDA loans
- -Higher minimum credit score than some competitors
- -Limited loan product variety
Frequently Asked Questions
Is SoFi good for refinancing?
SoFi is rated 4.4/5 on Wirly and is best suited for borrowers looking for high-balance loans. Review their full profile above for details.
What credit score do I need for SoFi?
SoFi requires a minimum credit score of 600 for mortgage refinancing. However, better rates are typically available for borrowers with scores of 740 or higher.
What loan types does SoFi offer?
SoFi offers Conventional, Jumbo refinance loans. Note that VA loans are not available through this lender.
What is SoFi's denial rate?
Denial rate data for SoFi is available through HMDA public records. Rates vary by state and borrower profile.
How does SoFi handle complaints?
CFPB complaint data for SoFi can be found on the Consumer Financial Protection Bureau's complaint database.
Ready to explore SoFi?
Visit their site to check current rates, or use our tools to compare.
This review is for educational purposes only and does not constitute financial advice. HMDA data sourced from the CFPB. Complaint data from the CFPB Consumer Complaint Database. Wirly is not a lender or mortgage broker. See our methodology.