Sofi Lending Corp. Mortgage Rates, Fees & Info
SACRAMENTO, CALEI: 549300SXISSKGPHW5702
Tax ID: 90-0790926
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Mortgage Data
Review & Overview
Sofi Lending Corp. is a smaller mortgage company specializing in Home Purchase loans. Sofi Lending Corp. has a high proportion of conventional loans. Their top markets by origination volume include: San Francisco, Los Angeles, New York, Seattle, and Chicago among others. We have data for 196 markets. (Some data included below & more in-depth data is available with an active subscription.)Sofi Lending Corp. has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Sofi Lending Corp. is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.48% | 1/2/25 |
| 30 Year Conventional Refi | 6.29% | 1/2/25 |
| 30 Year Cash-out Refi | 6.56% | 1/2/25 |
| 15 Year Conventional Purchase | 5.90% | 1/2/25 |
| 15 Year Conventional Refi | 5.83% | 1/2/25 |
| 15 Year Cash-out Refi | 5.83% | 1/2/25 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Sofi Lending Corp. Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Sofi Lending Corp.. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,303Origination Dollar Volume (All Markets)
$623,455,000Awards
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SOFI LENDING CORP. - 2018
SOFI LENDING CORP. is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 98 | $90,880,000 | $927,347 | $5,993 | 4.67% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 62 | $51,680,000 | $833,548 | $6,355 | 4.69% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 70 | $48,820,000 | $697,429 | $6,006 | 4.60% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 47 | $29,455,000 | $626,702 | $5,328 | 4.73% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 67 | $26,245,000 | $391,716 | $3,962 | 4.53% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 64 | $24,330,000 | $380,156 | $3,299 | 4.54% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 51 | $21,095,000 | $413,627 | $5,087 | 4.51% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 17 | $17,435,000 | $1,025,588 | $9,017 | 4.71% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 33 | $15,005,000 | $454,697 | $4,941 | 4.72% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 15 | $14,145,000 | $943,000 | $4,373 | 4.51% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 28 | $13,290,000 | $474,643 | $3,843 | 4.64% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 39 | $13,275,000 | $340,385 | $3,844 | 4.64% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 27 | $12,985,000 | $480,926 | $4,053 | 4.79% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 36 | $12,670,000 | $351,944 | $2,976 | 4.66% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 38 | $12,480,000 | $328,421 | $3,574 | 4.54% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 23 | $12,365,000 | $537,609 | $4,402 | 4.74% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 27 | $11,015,000 | $407,963 | $4,011 | 4.58% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 19 | $9,005,000 | $473,947 | $3,989 | 4.64% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 15 | $8,635,000 | $575,667 | $6,113 | 4.55% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 24 | $8,490,000 | $353,750 | $4,443 | 4.71% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 16 | $8,450,000 | $528,125 | $4,036 | 4.55% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 12 | $8,300,000 | $691,667 | $4,582 | 4.75% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 21 | $8,015,000 | $381,667 | $4,518 | 4.67% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 15 | $6,675,000 | $445,000 | $4,202 | 4.65% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 20 | $6,010,000 | $300,500 | $3,364 | 4.69% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 14 | $5,310,000 | $379,286 | $2,779 | 4.51% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 11 | $4,495,000 | $408,636 | $3,174 | 4.76% |
| Outside of Metro Areas | 19 | $4,295,000 | $226,053 | $3,060 | 4.69% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 9 | $3,945,000 | $438,333 | $2,944 | 4.79% |
| PITTSBURGH, PA (FHA|USDA|VA) | 11 | $3,805,000 | $345,909 | $4,473 | 4.69% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 10 | $3,740,000 | $374,000 | $3,558 | 4.66% |
| PROVO-OREM, UT (FHA|USDA|VA) | 8 | $3,550,000 | $443,750 | $3,513 | 4.64% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 6 | $3,020,000 | $503,333 | $4,614 | 4.42% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 9 | $2,925,000 | $325,000 | $2,127 | 4.72% |
| FRESNO, CA (FHA|USDA|VA) | 6 | $2,750,000 | $458,333 | $2,441 | 4.50% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 8 | $2,680,000 | $335,000 | $2,667 | 4.70% |
| BEND, OR (FHA|USDA|VA) | 6 | $2,360,000 | $393,333 | $5,296 | 4.54% |
| STOCKTON, CA (FHA|USDA|VA) | 4 | $2,300,000 | $575,000 | $5,334 | 5.09% |
| BOULDER, CO (FHA|USDA|VA) | 6 | $2,260,000 | $376,667 | $2,460 | 4.63% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 5 | $2,165,000 | $433,000 | $3,709 | 4.58% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 6 | $2,120,000 | $353,333 | $3,513 | 4.69% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 5 | $2,025,000 | $405,000 | $4,356 | 4.50% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 3 | $1,975,000 | $658,333 | $4,868 | 4.83% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 10 | $1,880,000 | $188,000 | $1,514 | 4.79% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 4 | $1,800,000 | $450,000 | $2,636 | 4.56% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $1,745,000 | $581,667 | $4,040 | 4.83% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 5 | $1,705,000 | $341,000 | $3,340 | 4.70% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 6 | $1,700,000 | $283,333 | $3,387 | 4.67% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 3 | $1,665,000 | $555,000 | $6,005 | 4.79% |
| BOISE CITY, ID (FHA|USDA|VA) | 5 | $1,515,000 | $303,000 | $4,018 | 4.73% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 3 | $1,485,000 | $495,000 | $2,778 | 4.50% |
| ASHEVILLE, NC (FHA|USDA|VA) | 4 | $1,480,000 | $370,000 | $4,474 | 4.38% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 5 | $1,455,000 | $291,000 | $2,932 | 4.70% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $1,385,000 | $1,385,000 | $3,238 | 4.88% |
| MODESTO, CA (FHA|USDA|VA) | 4 | $1,250,000 | $312,500 | $2,008 | 4.69% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 6 | $1,210,000 | $201,667 | $2,518 | 4.54% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 2 | $1,210,000 | $605,000 | $6,387 | 4.44% |
| RENO, NV (FHA|USDA|VA) | 3 | $1,195,000 | $398,333 | $1,776 | 4.67% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 4 | $1,160,000 | $290,000 | $2,273 | 4.72% |
| SALEM, OR (FHA|USDA|VA) | 3 | $1,155,000 | $385,000 | $3,030 | 4.79% |
| Oak Harbor, WA (FHA|USDA|VA) | 2 | $1,100,000 | $550,000 | $4,989 | 4.56% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $1,085,000 | $1,085,000 | $14,381 | 4.50% |
| Steamboat Springs, CO (FHA|USDA|VA) | 1 | $1,035,000 | $1,035,000 | $3,116 | 5.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 4 | $1,010,000 | $252,500 | $1,863 | 4.56% |
| TUCSON, AZ (FHA|USDA|VA) | 4 | $950,000 | $237,500 | $2,616 | 4.50% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 3 | $935,000 | $311,667 | $2,107 | 4.63% |
| GAINESVILLE, FL (FHA|USDA|VA) | 5 | $925,000 | $185,000 | $2,391 | 4.73% |
| MERCED, CA (FHA|USDA|VA) | 2 | $920,000 | $460,000 | $3,171 | 4.50% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 5 | $905,000 | $181,000 | $2,744 | 4.28% |
| FORT COLLINS, CO (FHA|USDA|VA) | 2 | $900,000 | $450,000 | $1,933 | 4.31% |
| Heber, UT (FHA|USDA|VA) | 2 | $890,000 | $445,000 | $2,456 | 4.44% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $2,887 | 4.67% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 6 | $850,000 | $141,667 | $2,478 | 4.48% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $2,172 | 4.75% |
| MISSOULA, MT (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $3,248 | 4.88% |
| BELLINGHAM, WA (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $2,355 | 4.29% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $4,240 | 4.92% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $785,000 | $785,000 | $5,960 | 6.00% |
| GREELEY, CO (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $1,715 | 4.75% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $4,312 | 4.88% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $1,824 | 4.56% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $3,387 | 4.67% |
| CARSON CITY, NV (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $17,059 | 4.00% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $3,025 | 4.17% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $5,639 | 5.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $4,455 | 5.13% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $2,416 | 5.19% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $2,832 | 4.69% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $8,670 | 4.25% |
| WENATCHEE, WA (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $3,973 | 3.88% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $4,217 | 5.13% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $6,359 | 5.13% |
| MOBILE, AL (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $1,801 | 5.31% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $4,504 | 5.00% |
| Sandpoint, ID (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $4,549 | 5.00% |
| Port Angeles, WA (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $2,688 | 4.56% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $4,626 | 4.63% |
| Torrington, CT (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $3,992 | 5.25% |
| Clearlake, CA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $2,355 | 5.13% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $2,814 | 4.38% |
| Forest City, NC (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $2,200 | 4.50% |
| SAVANNAH, GA (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $1,902 | 4.94% |
| FORT WAYNE, IN (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $1,479 | 4.94% |
| Cañon City, CO (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $3,735 | 4.75% |
| VISALIA, CA (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $979 | 4.81% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $3,794 | 4.25% |
| SALINAS, CA (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $2,083 | 4.19% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $2,876 | 5.00% |
| Ellensburg, WA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $6,474 | 4.13% |
| Bozeman, MT (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $4,307 | 3.81% |
| Key West, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $4,011 | 3.63% |
| CHEYENNE, WY (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $6,202 | 4.75% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $4,045 | 4.69% |
| ROCHESTER, NY (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $2,200 | 4.25% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $2,866 | 4.38% |
| Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,299 | 4.63% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $2,553 | 4.56% |
| Shelton, WA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $2,526 | 4.13% |
| Auburn, IN (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $1,679 | 4.38% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $1,577 | 4.38% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $5,360 | 5.13% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,903 | 5.25% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,382 | 5.50% |
| EL PASO, TX (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $2,445 | 4.75% |
| Angola, IN (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $1,241 | 5.13% |
| Albemarle, NC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $5,312 | 3.50% |
| Sonora, CA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $8,068 | 3.75% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,045 | 4.88% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $2,140 | 4.63% |
| Easton, MD (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,272 | 4.88% |
| ROCHESTER, MN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $1,758 | 4.38% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,059 | 4.00% |
| CORVALLIS, OR (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,738 | 4.75% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $1,557 | 5.00% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $1,323 | 5.06% |
| Warsaw, IN (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $2,540 | 4.44% |
| Butte-Silver Bow, MT (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $6,062 | 4.50% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $1,944 | 5.13% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $3,350 | 4.50% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,595 | 5.25% |
| OCALA, FL (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $2,603 | 4.25% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $2,556 | 4.44% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,681 | 4.38% |
| DECATUR, AL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,450 | 4.75% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $1,472 | 4.63% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,137 | 4.88% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,126 | 4.38% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,242 | 4.25% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $1,972 | 5.63% |
| Calhoun, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $1,746 | 4.88% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,043 | 5.25% |
| Red Bluff, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,418 | 4.63% |
| DOTHAN, AL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,744 | 5.13% |
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $1,860 | 4.88% |
| WACO, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,533 | 4.88% |
| MADISON, WI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $1,866 | 5.00% |
| Pahrump, NV (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $1,492 | 4.50% |
| Outside of Metro Areas | 1 | $195,000 | $195,000 | $2,841 | 5.25% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $1,886 | 4.13% |
| BINGHAMTON, NY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,363 | 4.50% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,645 | 5.00% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,472 | 4.00% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,373 | 4.38% |
| WALLA WALLA, WA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $1,823 | 3.63% |
| Lake City, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $1,379 | 5.13% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $917 | 5.13% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,805 | 3.75% |
| ERIE, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,652 | 4.13% |
| Newport, OR (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,234 | 4.75% |
| ST. CLOUD, MN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,102 | 4.88% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,496 | 4.25% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,092 | 3.63% |
| REDDING, CA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,927 | 4.13% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,075 | 4.38% |
| POCATELLO, ID (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,087 | 4.50% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,120 | 4.75% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,254 | 3.88% |
| MANKATO, MN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,643 | 4.38% |
| Owatonna, MN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,183 | 4.25% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,827 | 3.88% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $1,365 | 4.88% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $1,775 | 4.63% |
| Greensburg, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $1,503 | 5.50% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $1,672 | 3.88% |
| Fergus Falls, MN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $1,495 | 4.25% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,566 | 4.00% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,519 | 4.25% |
| Sulphur Springs, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $1,900 | 3.38% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,031 | 4.13% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,858 | 4.13% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,893 | 4.38% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $992 | 4.63% |
| Galesburg, IL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,622 | 4.25% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,077 | 3.50% |
| Crawfordsville, IN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,299 | 4.13% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,403 | 4.75% |
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 1,303 | $623,455,000 | $478,477 | $4,243 | 4.63% |
For 2018, Sofi Lending Corp.'s most frequently originated type of loan was Conventional, with 1,303 originations.
Loan Reason
For 2018, Sofi Lending Corp.'s most frequently cited loan purpose was Home Purchase, with 878 originations. The 2nd most popular reason was Cash Out Refi, with 238 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 1,123 | $582,085,000 | $518,330 | $4,500 | 4.71% |
| 15 Year | 180 | $41,370,000 | $229,833 | $2,639 | 4.13% |
For 2018, Sofi Lending Corp.'s most frequently cited loan duration was 30 Year, with 1,123 originations. The 2nd most popular length was 15 Year, with 180 originations.
Origination Fees/Closing Costs
Sofi Lending Corp.'s average total fees were $4,500, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 995 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 901 | $424,435,000 | $471,071 |
| 5-6% | 234 | $122,700,000 | $524,359 |
| 3-4% | 168 | $76,320,000 | $454,286 |
During 2018, Sofi Lending Corp.'s average interest rate for loans was 4.71%, while their most frequently originated rate bucket for loans was 4-5%, with 901 originations.
Loan Sizing
2018 saw Sofi Lending Corp. place emphasis on $200k-400k loans with 457 originations, totaling $134,735,000 in origination value.
Applicant Income
Sofi Lending Corp. lent most frequently to those with incomes in the $150k-250k range, with 419 originations. The second most popular income band? $250k+, with 345 originations.
Applicant Debt to Income Ratio
Sofi Lending Corp. lent most frequently to those with DTI ratios of 20-30%, with 328 originations. The next most common DTI ratio? 30-36%, with 300 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.25%
Sofi Lending Corp. has a below average approval rate.
Pick Rate
Approvals leading to origination-32.62%
Sofi Lending Corp. has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,303 | $623,455,000 | $478,477 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 1,303 | $623,455,000 | $478,477 |