SoFi

Best Lenders for Online Mortgages

SoFi

SoFi is an online lender offering fixed- and adjustable-rate mortgages. Refinance loans are also available, including cash-out refinance and refinancing to pay off student loans.

Highlights

• Mortgage types offered: Conventional, ARM, Refinancing (conventional), Jumbo, Fixed-rate and Adjustable-rate
• Minimum FICO score: N/A
• Max LTV: 90%
• Max DTI: Conforming mortgage/refi loan: 50%; Non-conforming (Jumbo) loan: 43%
• Closing costs: N/A
• Equity required: N/A
• J.D. Power satisfaction rating: N/A

Best Features

Down payments as low as 10%.

Mortgage limits up to $3 million.

Interest rate discounts on additional loans.