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12/29/14, 4:03 PMEligibility Criteria - SoFi
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SoFi is not affiliated with colleges and universities listed on SoFi.com. Colleges and universities listed on SoFi.com do not endorse, promote or recommend SoFi loan products.
B O R R O W I N G
Terms and Conditions Apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S.
citizen or permanent resident and meet SoFi's underwriting requirements. Lowest rates are reserved for the best borrowers. This information is current as of June 2, 2014 and is subject to
change. SoFi loans are originated by SoFi Lending Corp (dba SoFi) California Finance Lender #6054612. NMLS #1121636. NMLS Consumer Access
I N V E S T I N G
The information contained herein does not constitute an offer to sell securities or a solicitation of an offer to buy securities. Purchases or sales of securities privately offered by SoFi or its
affiliates (the "Securities") can only be made by private placement memorandum and related subscription documents, which will be provided to accredited investors on a confidential basis at
their request for their consideration in connection with such offering. Investment in the Securities will involve significant risks, including loss of principal. The Securities will have limited
liquidity options, as there is a limited secondary market for the Securities. None of the information contained in this website release is a recommendation for investment in any securities. SoFi
is not affiliated with or officially endorsed by any listed universities.
R E F I N A N C E LO A N S
1. Fixed rates from 3.625% APR to 7.49% (with AutoPay). Variable rates from 2.66% APR to 5.035% (with AutoPay). Interest rates on variable rate loans are capped at either 8.95% or 9.95%
depending on term of loan. See APR examples and terms. Lowest variable rate of 2.66% APR assumes current 1 month LIBOR rate of .16% plus 2.5% margin. If approved for a loan, the fixed
or variable interest rate offered will depend on your credit history and the term of the loan and will be within the ranges of rates listed above. For the SoFi variable rate loan, the 1-month
LIBOR index will adjust monthly and the loan payment will be re-amortized and may change monthly. APRs for variable rate loans may increase after origination if the LIBOR index increases.
The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking
account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account.
2. Savings calculation is based on SoFi borrowers who refinanced between 5/21/14 and 7/2/14. Prior to refinancing, these borrowers had on average a $71,000 loan balance, a rate of 7.07%
and a lifetime payment of $99,239, assuming the standard Direct Loan term. After refinancing, these borrowers have an average lifetime payment of $87,456 based on a weighted average
of new rates received across both types (fixed and variable) and all terms offered by SoFi with AutoPay. Savings calculations assumes borrowers make all payments in a timely manner and
do not prepay.
T E S T I M O N I A L S
Some of the individuals quoted on this site were paid up to $100 in connection with the testimonials they provided.
SoFi Student Loan Refinancing Eligibility
Before you apply for SoFi student loan refinancing, we’d like you to be aware of the eligibility criteria. In addition
to the information noted below, you must also meet our underwriting criteria to obtain a loan from SoFi.
You are at least the age of majority in your state and able to enter into a binding contract
You and your co-signer (if applicable) is a US citizen or permanent resident
You must be employed or have an offer of employment to start within the next 90 days
You have graduated from a selection of Title IV accredited universities or graduate programs
If you are applying as a graduate of a law program, you must have passed the bar and be licensed
Loan eligibility depends on a number of additional factors, including your credit, a strong monthly cash flow and
solid employment history.
State Eligibility
You must currently reside in one of the following states. If you do not live in one of our eligible states, we
encourage you to register for a refinance loan anyway so that, if there is sufficient interest, we can consider
expanding our loan program to residents in your state.
Show Eligibile States !
SoFi MBA Loan Eligibility
Before you apply for a SoFi MBA Loan, we’d like you to be aware of the eligibility criteria. In addition to the
information noted below, you must also meet our underwriting criteria to obtain a loan from SoFi.
You and your co-signer (if applicable) is a US citizen or permanent resident
You are at least the age of majority in your state
Loan eligibility depends on a number of additional factors, including your credit history, income and employment
status and history.
School Eligibility
Today we’re able to offer significant savings and flexibility on student loans to those who are currently in school,
attending one of the following schools. You must be earning a Masters of Business Administration (MBA) or
earning a joint degree in which one of the degrees is a Masters of Business Administration (MBA). For example,
MBA/MD, MBA/JD, MBA/ Masters Engineering, MBA/ Masters of Science, MBA/DDS, MBA/DMD, MBA/DO.
Show Eligibile Schools !
SoFi Personal Loan Eligibility
Before you apply for a SoFi Personal Loan, we’d like you to be aware of the eligibility criteria. In addition to the
information noted below, you must also meet our underwriting criteria to obtain a loan from SoFi.
You are a US citizen or permanent resident
You are at least the age of majority in your state
You are currently employed
You have graduated from a selection of Title IV accredited universities or graduate programs
Loan eligibility depends on a number of additional factors, including your credit history, income and employment
history.
State Eligibility
You must currently reside in one of the following states. If you do not live in one of our eligible states, we
encourage you to start the process anyway so that, if there is sufficient interest, we can consider expanding our
loan program to residents in your state.
Show Eligible States !
SoFi Mortgage Eligibility
Before you apply for a SoFi mortgage or mortgage refinancing, we’d like you to be aware of the eligibility
criteria. In addition to the information noted below, you must also meet our underwriting criteria to obtain a
home loan from SoFi. Loan eligibility depends on a number of additional factors, including your credit history,
income and employment status and history.
You are at least the age of majority in your state
You or your co-signer is a US citizen or permanent resident
You are purchasing or refinancing a primary residence in CA, WA, NC, PA, TX, NJ and Washington, D.C.
You have graduated from a selection of Title IV accredited universities or graduate programs
SoFi Mortgage State Licensing Details
SoFi is currently able to issue and refinance mortgages in the following states:
California: Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act.
License # 6054612 NMLS # 1121636
District of Columbia: License # MLB1121636
New Jersey: Licensed by the N.J. Department of Banking and Insurance. SoFi Lending Corp. NMLS # 1121636. One
Letterman Drive, Bldg. A, Suite 4700, San Francisco, CA 94129.”
North Carolina: NMLS # 1121636
Pennsylvania: NMLS # 1121636
Texas: SoFi Lending Corp. Residential Mortgage Loan Originator. NMLS# 1121636. One Letterman Drive, Bldg. A,
Suite 4700, San Francisco, CA 94129
Washington: NMLS # CL-1121636
If you don’t see your state listed here, please let us know you are interested so that we can contact you as we
expand our mortgage program. Get in Touch.
Eligibility criteria current as of 6/25/14
Questions?
Give us a call: 855-456-SOFI
Send us an email: [email protected]
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