SoFi Home Loans currently offers a First Time Home Buyer "FTHB" Conventional loan product, which allows for a down payment of just 3%!
To qualify, you or your co-applicant must not have had an ownership interest in a residential property during the three-year period preceding the date of purchase of the current property.
The property being purchased must be your primary residence and a Homeownership education course must be completed. The Homeownership education course must meet the standards of HUD or the National Industry Standards for Homeownership Education and Counseling.
The course completion certificate will be required in order for loan approval. Click the link below to learn more about the education course:
If you have any questions, please contact our Mortgage Loan Originators at 844-763-4466 M-F 6am - 6pm PT.
Please note, this currently applies to our Conventional loan products only.