At this time, all rate locks must be completed with your Mortgage Loan Originator directly. Your loan is not locked until it has been confirmed by your MLO.
After you lock, SoFi Home Loans will hold your interest rate for you while we work together on the loan process. This gives you time to complete your application, knowing that your rate and monthly payment won’t change due to market movements.
SoFi Home Loans can help you extend your lock if it expires before your loan closes. If the loan closing delay was caused due to any complications on our end, SoFi Home Loans will waive the lock extension fee.
You are also able to withdraw your SoFi Home Loan application and break your lock at any time. There is no fee for doing so.
As current policies may change, please contact your Mortgage Loan Originator with any questions regarding your rate lock.