SoFi Home Loan Servicing offers Budget Drafting. This means that half of your monthly payment is drafted every other Friday and then used as a full payment on your payment due date. Two times a year, a half payment will be used to reduce the principal balance. Please be advised that you will need to be paid ahead prior to us being able to set up Budget Drafting.
To sign up for Budget Drafting please contact the Home Loan Servicing team. They will provide you with the authorization form and assist in setting up this drafting option.
You can call the Home Loan Servicing Team at 888-653-8253 or chat in the Home Loan Servicing Portal (if an agent is available). You can also send a secure message from the Home Loan Servicing Portal.
To access the Home Loan Servicing Portal, please log into SoFi.com, locate your Home Loan Product Card, click the Manage link, and follow the prompts to access the Home Loan Servicing Portal. The 'Chat with Us' icon will appear in the lower right corner of the Home Loan Servicing Portal when available (Chat is available Monday-Friday from 8:30 AM to 8:00 PM ET).