Mortgage lending from SoFi

Microsoft Draco007
Jan 23, 2018 17 Comments

Has anyone done it? @Sofi folks, would you use your company for it?

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TOP 17 Comments
  • Facebook public
    Applied, rates weren't competitive and they wanted me to do crazy things like take out a personal loan and pay it back immediately. Still getting spammed by their super aggressive sales teams. Disappointed to say the least.
    Jan 23, 2018 5
    • Microsoft Draco007
      OP
      Damn that sucks then. Any tips on how to go about finding the most competitive rate? I'm pretty lost, haha.
      Jan 23, 2018
    • Facebook public
      Costco is great, other brokers who can shop for you, and the big banks (only if you have a large relationship with them) such as Schwab, Wells, Chase etc.
      Jan 23, 2018
    • They asked you to juice your credit score so they could game their own underwriting? Or what else was the purpose of the personal loan dance?
      Jan 23, 2018
    • Facebook public
      I assume to pump their personal loan numbers and sales goals, wouldn't impact my credit much.
      Jan 23, 2018
    • Google tcCd20
      I've had good experience with Zillow mortgage finder
      Jan 23, 2018
  • SoFi Bnmi
    The guy for Twitter is here to fix it
    Jan 24, 2018 0
  • Use better.com - went great for my mortgage
    Jan 24, 2018 3
    • Cisco SlowBoat
      How fast did the loan closing take?
      Feb 4, 2018
    • Better Mortgage WIRN87
      Loan closing is about the fastest in any lender out there.
      Nov 28, 2018
    • Cisco Xaas
      Too late I used First Republic
      Nov 28, 2018
  • SoFi / Eng
    Polybius

    SoFi Eng

    PRE
    changehealthcare, McKesson
    Polybiusmore
    The main thing is the lack of PMI, if you're planning to do 20% down I wouldn't bother. But if you want to do a smaller down payment, the higher rates are somewhat balanced out by the lack of PMI.
    Jan 24, 2018 1
    • SoFi / Eng deeznuts
      Don’t agree I can find lenders that have better rates at 0% 5% and 20% with LPMI
      Jan 24, 2018
  • SoFi / Eng
    Polybius

    SoFi Eng

    PRE
    changehealthcare, McKesson
    Polybiusmore
    Agreed though, our PL and SLR rates are killer but our mortgage rates are kinda shit.
    Jan 24, 2018 0
  • Amazon p997
    Tried them and they weren't competitive plus they were terribly unorganized. I'd pass.
    Jan 24, 2018 0
  • Proofpoint rix
    Oh, also loans that includes rsu as onco.e have higher rate.
    Jan 24, 2018 0
  • Proofpoint rix
    Going through the process now, loan rate just ok, debating where to go. It's a paperwork nightmare because they keep demanding more documents. I have rsu and rental property and other stuff.
    Jan 23, 2018 0

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