SoFi Mortgage

SoFi Mortgage is an online bank that offers loans for buying a home, refinancing and cash-out refinancing. Where it lends: all states, with an exception for purchase loans in New York (its eligibility page wording is ambiguous). On its own site it lists Conventional, FHA, VA and Jumbo loans. Who can borrow, as the lender publishes it: SoFi Mortgage does not publish a minimum credit score on the pages we read. Minimum down payment: 0% (0% on VA, 3.5% on FHA, 3% on conventional for qualifying first-time buyers (5% for other borrowers)). Costs and timing: Standard origination fee of $1,495 on SoFi Bank purchase and refinance mortgages, less a one-time $500 member discount, plus another $500 for SoFi Plus subscribers or qualifying deposits. Rate lock: Lock and Look: lock your rate for up to 90 days while you search. No lock fee is published. Closing time (its own claim): Average of 32 days to close a purchase loan (SoFi's own figure, dated August 2023). SoFi Mortgage did not publish a rate table with stated assumptions on the pages we read, so we show none. Your own rate can only come from an official offer from the lender. We read these figures from SoFi Mortgage's own pages on October 14, 2026; the pages are listed under 'Where these numbers come from'.