SoFi Adjustable Rate Mortgage (ARM) rates are determined using the SOFR Index (Secured Overnight Financing Rate). Every ARM uses a financial rate index such as the SOFR index or the U.S. Treasury Index (T-Bills) to determine the loan rate. The SOFR index is currently published by the Federal Reserve Bank of New York and lenders do not have any control over the financial rate indexes.
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†To check the rates and terms you may qualify for, SoFi conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.