SoFi Mortgage: how to apply
Applying for a mortgage can seem daunting, but with SoFi, it's simple. We'll guide you through the process step-by-step and make it easy for you to get the right mortgage for your needs.
SoFi Mortgage: Fast, easy, and fully online application process
If you’re looking for a new home loan to buy your dream house and want to apply for the SoFi Mortgage, you’re in the right place!
This article will teach you how this mortgage application process works and the requirements. By the end of this post, you’ll be able to apply without trouble. Read on to learn more!
How to apply on the website
You need to enter your name, your state, and your email address. In the next pages, they’ll ask you the type of mortgage you’re looking for and the property you’re interested in.
After that, you must fill in the estimated purchase price and down payment you want to apply for.
Further, you’ll provide your information, such as your home address, phone number, and social security number.
Once you submit all that information, you’ll find out whether you’re pre-approved!
After being prequalified, you will select the home loan that matches your current finances and complete your application process.
Applicants can submit any requested documents and sign papers through SoFi’s digital platform.
It usually takes 28 days for the mortgage to close, and you can also track your application status through the digital platform.
If you want to apply for the SoFi Mortgage, you must have a minimum credit score of 620.
Moreover, the maximum debt-to-income ratio is 45%, and employment verification is also required.
Apply on the mobile app
You can only apply for the SoFi Mortgage through the website. Nevertheless, SoFi offers a great mobile app for its customers.
You can download it through the Google Play store and Apple store. And once you’re approved for a home loan, you can manage your mortgage in the palm of your hands.
Useful feature, isn’t it?
Find other loan options: PNC Bank Mortgage
Now that you know how to apply for the SoFi Mortgage and how it works, it’s time for you to start comparing your options! So let’s meet another lender and see which one is the best for you!
The PNC Bank Mortgage offers both conventional and government-backed loans. It provides multiple mortgage options for potential applicants.
Also, it is available nationwide and offers online and in-person services for customers.
The preapproval only takes 30 minutes and is made fully online. Compare below both products’ features!
|PNC Bank Mortgage
|At least 620
|620 or more
|Conventional, Jumbo, Home Equity
|Home Equity, Jumbo, Fixed, Adjustable, FHA, VA, USDA.
|Minimum down payment
|It varies depending on the loan type
|Not disclosed on the website.
|10,15, 20, and 30 year fixed terms
|Up to 30 years.
Do you want to learn more about the PNC Bank Mortgage and how to apply for it? Then read the following article.
We’ll fill you in on how the application process works and the requirements for you to qualify for it!
About the author / Beatriz Vieira
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