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SoFi Fixed-Rate Home Purchase & Refinance Mortgage

About SoFi Mortgages & Home Loans

The SoFi Fixed-Rate Home Purchase & Refinance Mortgage from SoFi is one of the top-rated Mortgages & Home Loans options evaluated on MoneyCompared, earning an overall product score of 8.7/10. Fast, digital-first mortgage with a $10,000 On-Time Close Guarantee, $500 member discount for SoFi Plus members, and 3% down first-time buyer options.

Key highlights include 6.290% - 6.790% APR (30-Year Fixed), a fee structure of $500 Off Origination Fee for SoFi Plus Members, and $10,000 On-Time Closing Guarantee. Accounts are backed by Equal Housing Lender and supported by SoFi's 4.9 / 5.0-rated digital banking experience.

Features

Annual Fee	$500 Off Origination Fee for SoFi Plus Members
Regular APR / Rate	6.290% - 6.790% APR (30-Year Fixed)
Intro Offer / Welcome Bonus	$10,000 On-Time Closing Guarantee
Savings APY / AER	10, 15, 20 & 30-Year Fixed + Cash-Out Refi + Home Equity Loans
Minimum Deposit	3% Down (First-Time Buyer) or 5% Standard
Foreign Transaction Fee	N/A (U.S. Real Estate)
Deposit Insurance	Equal Housing Lender
Mobile App Rating	4.9 / 5.0
Overall Rating	8.7 / 10

About Product

Annual / Monthly Fee: $500 Off Origination Fee for SoFi Plus Members
APR / APY Rate: 6.290% - 6.790% APR (30-Year Fixed)
Intro Offer / Bonus: $10,000 On-Time Closing Guarantee
Key Benefits: 10, 15, 20 & 30-Year Fixed + Cash-Out Refi + Home Equity Loans
Minimum Requirement: 3% Down (First-Time Buyer) or 5% Standard
Foreign Transaction Fee: N/A (U.S. Real Estate)
Protection: Equal Housing Lender

Pros

Rate / APR / APY: 6.290% - 6.790% APR (30-Year Fixed)
Fee Structure: $500 Off Origination Fee for SoFi Plus Members
Welcome Offer / Benefit: $10,000 On-Time Closing Guarantee
Rewards & Highlights: 10, 15, 20 & 30-Year Fixed + Cash-Out Refi + Home Equity Loans

Cons