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What type of properties can I get financing for?
What is your rate lock policy?
Does SoFi require a property appraisal?
What is the difference between a pre-qualification and a pre-approval?
Do you require private mortgage insurance (PMI)?
Can I refinance an existing mortgage?
What is the minimum down payment SoFi will accept?
Who can apply for a SoFi mortgage?
What types of properties are eligible?

Do you require private mortgage insurance (PMI)?

February 21, 2020 22:23
Updated

For mortgages with a Loan to Value ratio greater than 80%, SoFi does require BPMI (Borrower Paid Mortgage Insurance).

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Can I refinance an existing mortgage?
What is the minimum down payment SoFi will accept?
Does SoFi require a property appraisal?
Who can apply for a SoFi mortgage?
What is the difference between a pre-qualification and a pre-approval?

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2750 East Cottonwood Parkway #300
Cottonwood Heights, Utah 84121

Investment Products:

ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE

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 in an eligible state and meet SoFi's underwriting requirements. Not all borrowers receive the lowest rate. To qualify for the lowest rate, you must have a responsible financial history and meet other conditions. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, a responsible financial history, years of experience, income and other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Business Oversight under the California Financing Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp., NMLS # 1121636. (www.nmlsconsumeraccess.org Opens A New Window. )

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