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 Refi, Cash Out Refi, and Home Purchase loans. Sofi Lending Corp. has a high proportion of conventional loans. Their top markets by origination volume include: San Francisco, Los Angeles, Seattle, Washington, and Chicago among others. We have data for 262 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.48% | 12/20/24 |
| 30 Year Conventional Refi | 6.29% | 12/20/24 |
| 30 Year Cash-out Refi | 6.56% | 12/20/24 |
| 15 Year Conventional Purchase | 5.90% | 12/20/24 |
| 15 Year Conventional Refi | 5.83% | 12/20/24 |
| 15 Year Cash-out Refi | 5.83% | 12/20/24 |
| 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
2,223Origination Dollar Volume (All Markets)
$774,855,000Awards
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SOFI LENDING CORP. - 2019
SOFI LENDING CORP. is a 2019 , due to their low .
For 2019, 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) | 81 | $60,565,000 | $747,716 | $6,894 | 3.80% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 85 | $44,275,000 | $520,882 | $4,733 | 3.78% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 79 | $35,365,000 | $447,658 | $4,369 | 3.66% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 79 | $34,945,000 | $442,342 | $4,434 | 3.75% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 99 | $34,005,000 | $343,485 | $3,872 | 3.65% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 94 | $27,160,000 | $288,936 | $3,371 | 3.69% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 71 | $26,045,000 | $366,831 | $4,074 | 3.74% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 66 | $24,810,000 | $375,909 | $3,854 | 3.66% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 75 | $24,075,000 | $321,000 | $3,411 | 3.71% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 69 | $22,795,000 | $330,362 | $5,096 | 3.51% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 69 | $21,545,000 | $312,246 | $3,179 | 3.68% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 56 | $20,000,000 | $357,143 | $4,732 | 3.63% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 45 | $16,445,000 | $365,444 | $3,385 | 3.71% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 45 | $14,785,000 | $328,556 | $4,586 | 3.76% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 20 | $14,110,000 | $705,500 | $6,476 | 3.66% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 37 | $14,085,000 | $380,676 | $4,619 | 3.80% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 36 | $12,640,000 | $351,111 | $4,427 | 3.55% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 42 | $11,890,000 | $283,095 | $3,330 | 3.62% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 32 | $11,490,000 | $359,063 | $3,148 | 3.59% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 39 | $11,145,000 | $285,769 | $4,506 | 3.57% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 18 | $10,230,000 | $568,333 | $6,363 | 3.74% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 28 | $9,610,000 | $343,214 | $3,564 | 3.80% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 33 | $9,515,000 | $288,333 | $3,492 | 3.67% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 29 | $9,195,000 | $317,069 | $3,242 | 3.58% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 42 | $9,060,000 | $215,714 | $2,439 | 3.70% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 30 | $8,700,000 | $290,000 | $3,563 | 3.70% |
| Outside of Metro Areas | 30 | $7,440,000 | $248,000 | $3,429 | 3.82% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 26 | $7,100,000 | $273,077 | $3,658 | 3.77% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 24 | $7,080,000 | $295,000 | $4,019 | 3.69% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 19 | $6,215,000 | $327,105 | $3,248 | 3.59% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 13 | $5,815,000 | $447,308 | $5,513 | 3.64% |
| PITTSBURGH, PA (FHA|USDA|VA) | 21 | $5,485,000 | $261,190 | $4,110 | 3.64% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 24 | $5,460,000 | $227,500 | $2,767 | 3.63% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 9 | $5,315,000 | $590,556 | $3,541 | 3.94% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 17 | $4,935,000 | $290,294 | $3,357 | 3.60% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 7 | $4,825,000 | $689,286 | $7,595 | 3.80% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 13 | $4,265,000 | $328,077 | $4,114 | 3.45% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 12 | $4,020,000 | $335,000 | $3,510 | 3.57% |
| RICHMOND, VA (FHA|USDA|VA) | 14 | $3,990,000 | $285,000 | $2,844 | 3.88% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 6 | $3,890,000 | $648,333 | $8,743 | 3.56% |
| BOISE CITY, ID (FHA|USDA|VA) | 12 | $3,820,000 | $318,333 | $4,110 | 3.77% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 13 | $3,665,000 | $281,923 | $3,866 | 3.49% |
| NAPA, CA (FHA|USDA|VA) | 6 | $3,230,000 | $538,333 | $4,639 | 3.75% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 10 | $3,160,000 | $316,000 | $3,623 | 3.71% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 9 | $3,095,000 | $343,889 | $3,975 | 3.97% |
| PROVO-OREM, UT (FHA|USDA|VA) | 6 | $2,920,000 | $486,667 | $5,608 | 3.58% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 10 | $2,770,000 | $277,000 | $2,366 | 3.63% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 12 | $2,740,000 | $228,333 | $3,271 | 3.68% |
| FORT COLLINS, CO (FHA|USDA|VA) | 6 | $2,730,000 | $455,000 | $3,302 | 3.73% |
| Heber, UT (FHA|USDA|VA) | 5 | $2,525,000 | $505,000 | $5,197 | 3.90% |
| BOULDER, CO (FHA|USDA|VA) | 6 | $2,500,000 | $416,667 | $6,532 | 3.33% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 8 | $2,480,000 | $310,000 | $3,161 | 3.81% |
| MODESTO, CA (FHA|USDA|VA) | 7 | $2,395,000 | $342,143 | $3,507 | 3.50% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 4 | $2,220,000 | $555,000 | $6,173 | 3.72% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 8 | $2,110,000 | $263,750 | $2,506 | 3.72% |
| FRESNO, CA (FHA|USDA|VA) | 7 | $2,015,000 | $287,857 | $3,363 | 3.59% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 7 | $1,975,000 | $282,143 | $3,641 | 3.39% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 7 | $1,955,000 | $279,286 | $3,207 | 3.41% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 9 | $1,935,000 | $215,000 | $2,617 | 3.54% |
| RENO, NV (FHA|USDA|VA) | 6 | $1,890,000 | $315,000 | $2,686 | 3.54% |
| BEND, OR (FHA|USDA|VA) | 4 | $1,880,000 | $470,000 | $7,215 | 3.56% |
| STOCKTON, CA (FHA|USDA|VA) | 4 | $1,820,000 | $455,000 | $3,797 | 3.84% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 8 | $1,790,000 | $223,750 | $3,468 | 3.47% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 4 | $1,720,000 | $430,000 | $2,789 | 3.75% |
| MADISON, WI (FHA|USDA|VA) | 5 | $1,695,000 | $339,000 | $1,973 | 4.25% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 6 | $1,670,000 | $278,333 | $2,866 | 3.69% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 6 | $1,640,000 | $273,333 | $4,864 | 3.69% |
| KNOXVILLE, TN (FHA|USDA|VA) | 7 | $1,545,000 | $220,714 | $3,210 | 3.79% |
| SALEM, OR (FHA|USDA|VA) | 5 | $1,545,000 | $309,000 | $3,024 | 4.00% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 3 | $1,515,000 | $505,000 | $5,201 | 3.67% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 6 | $1,500,000 | $250,000 | $2,740 | 3.83% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 6 | $1,460,000 | $243,333 | $3,379 | 3.58% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 4 | $1,440,000 | $360,000 | $2,669 | 3.84% |
| Helena, MT (FHA|USDA|VA) | 5 | $1,435,000 | $287,000 | $3,607 | 3.78% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 5 | $1,365,000 | $273,000 | $3,017 | 3.88% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 6 | $1,360,000 | $226,667 | $2,924 | 3.25% |
| LANCASTER, PA (FHA|USDA|VA) | 7 | $1,345,000 | $192,143 | $3,783 | 3.41% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 4 | $1,280,000 | $320,000 | $3,143 | 3.50% |
| TUCSON, AZ (FHA|USDA|VA) | 5 | $1,275,000 | $255,000 | $4,629 | 3.65% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 4 | $1,230,000 | $307,500 | $4,949 | 4.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 6 | $1,220,000 | $203,333 | $3,758 | 3.48% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 6 | $1,210,000 | $201,667 | $4,800 | 3.46% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 3 | $1,185,000 | $395,000 | $5,305 | 4.17% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $1,185,000 | $395,000 | $6,691 | 4.08% |
| REDDING, CA (FHA|USDA|VA) | 4 | $1,170,000 | $292,500 | $2,766 | 3.59% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 2 | $1,140,000 | $570,000 | $2,632 | 3.88% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 5 | $1,135,000 | $227,000 | $5,692 | 3.38% |
| VALLEJO, CA (FHA|USDA|VA) | 3 | $1,095,000 | $365,000 | $3,559 | 4.00% |
| DULUTH, MN-WI (FHA|USDA|VA) | 5 | $1,075,000 | $215,000 | $4,816 | 3.28% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 4 | $1,020,000 | $255,000 | $4,523 | 3.59% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 3 | $1,005,000 | $335,000 | $2,731 | 3.83% |
| LOUISVILLE, KY (FHA|USDA|VA) | 3 | $995,000 | $331,667 | $2,760 | 3.38% |
| LONGVIEW, WA (FHA|USDA|VA) | 3 | $985,000 | $328,333 | $3,171 | 3.96% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 4 | $960,000 | $240,000 | $2,268 | 3.50% |
| Outside of Metro Areas | 3 | $945,000 | $315,000 | $4,739 | 3.88% |
| WILMINGTON, NC (FHA|USDA|VA) | 4 | $940,000 | $235,000 | $2,896 | 3.75% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 4 | $940,000 | $235,000 | $2,128 | 3.72% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 5 | $915,000 | $183,000 | $3,983 | 3.40% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 4 | $900,000 | $225,000 | $2,773 | 3.75% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 4 | $880,000 | $220,000 | $2,206 | 3.31% |
| MOBILE, AL (FHA|USDA|VA) | 4 | $870,000 | $217,500 | $2,025 | 3.88% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $1,875 | 3.50% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $3,156 | 3.79% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $3,132 | 3.58% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $3,201 | 4.13% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $7,468 | 3.69% |
| COLUMBUS, OH (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $3,507 | 3.79% |
| READING, PA (FHA|USDA|VA) | 4 | $780,000 | $195,000 | $3,947 | 3.53% |
| CHEYENNE, WY (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $3,684 | 3.21% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 4 | $770,000 | $192,500 | $2,796 | 3.59% |
| SAVANNAH, GA (FHA|USDA|VA) | 4 | $760,000 | $190,000 | $2,572 | 3.38% |
| CARSON CITY, NV (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $2,768 | 3.94% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $3,691 | 3.50% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $2,590 | 3.75% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $4,517 | 3.38% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 4 | $720,000 | $180,000 | $4,105 | 3.13% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $4,898 | 2.96% |
| SALINAS, CA (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $2,260 | 3.63% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 4 | $680,000 | $170,000 | $3,576 | 3.13% |
| YUBA CITY, CA (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $5,246 | 3.31% |
| COLUMBIA, SC (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $2,687 | 3.63% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $4,085 | 3.21% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $3,444 | 3.42% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $2,692 | 3.67% |
| MIDLAND, TX (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $4,200 | 3.69% |
| CHICO, CA (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $3,084 | 4.19% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $2,848 | 3.63% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $4,116 | 3.46% |
| Durango, CO (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $3,669 | 3.75% |
| Jackson, WY-ID (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $4,647 | 3.50% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $3,253 | 3.25% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $3,687 | 3.81% |
| GREELEY, CO (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $2,963 | 3.63% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $2,770 | 3.06% |
| Kalispell, MT (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $11,547 | 3.88% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $3,260 | 4.06% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $2,972 | 3.38% |
| Bemidji, MN (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $2,086 | 3.00% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $3,718 | 3.88% |
| Cañon City, CO (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $4,370 | 3.75% |
| FORT WAYNE, IN (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $2,365 | 4.31% |
| SPARTANBURG, SC (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $2,069 | 4.19% |
| NILES, MI (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $2,083 | 3.88% |
| BILLINGS, MT (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $2,356 | 3.31% |
| PUEBLO, CO (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $1,983 | 3.75% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $2,176 | 3.88% |
| ABILENE, TX (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $4,068 | 3.50% |
| Alexandria, MN (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $2,721 | 3.25% |
| VISALIA, CA (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $3,314 | 3.69% |
| Brevard, NC (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $2,868 | 4.06% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $6,862 | 3.63% |
| Newport, OR (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,171 | 3.88% |
| ROCHESTER, MN (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $2,195 | 3.69% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $2,603 | 4.31% |
| GAINESVILLE, GA (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $2,272 | 3.69% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $2,184 | 4.25% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $3,349 | 3.75% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $3,412 | 3.63% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $2,767 | 3.88% |
| TWIN FALLS, ID (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $2,936 | 3.13% |
| GAINESVILLE, FL (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $2,649 | 4.06% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $4,726 | 3.88% |
| OCALA, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $2,852 | 3.00% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $2,412 | 3.88% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $5,071 | 3.13% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $3,251 | 3.19% |
| FARGO, ND-MN (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $6,019 | 2.88% |
| MADERA, CA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $1,553 | 3.25% |
| Cedar City, UT (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $4,857 | 3.25% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,633 | 4.38% |
| Fernley, NV (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,116 | 4.25% |
| Crawfordsville, IN (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $2,281 | 4.38% |
| WALLA WALLA, WA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,567 | 3.88% |
| Oak Harbor, WA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $1,756 | 3.88% |
| Rutland, VT (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $1,990 | 3.69% |
| DOTHAN, AL (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $3,772 | 3.69% |
| Gillette, WY (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $11,665 | 3.50% |
| MISSOULA, MT (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,962 | 3.75% |
| Moses Lake, WA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,872 | 3.00% |
| Baraboo, WI (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,431 | 4.88% |
| ANN ARBOR, MI (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,239 | 3.75% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,115 | 3.75% |
| Frankfort, KY (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,517 | 4.00% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,582 | 3.63% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $3,560 | 3.44% |
| ROCKFORD, IL (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $3,126 | 3.88% |
| YAKIMA, WA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,147 | 3.75% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,420 | 4.25% |
| SAGINAW, MI (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $2,340 | 3.81% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,113 | 3.13% |
| Centralia, WA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,805 | 3.13% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,862 | 3.00% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,943 | 3.13% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,546 | 3.75% |
| OWENSBORO, KY (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,043 | 3.25% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $1,683 | 4.38% |
| Sanford, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,784 | 4.38% |
| BANGOR, ME (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,106 | 4.00% |
| EL PASO, TX (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $3,201 | 3.50% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,490 | 3.25% |
| MANKATO, MN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,211 | 3.38% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,058 | 3.88% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,042 | 3.38% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $1,565 | 3.50% |
| CORVALLIS, OR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,129 | 3.50% |
| RACINE, WI (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,425 | 3.13% |
| Bluffton, IN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $1,814 | 3.75% |
| Rexburg, ID (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,223 | 3.50% |
| JONESBORO, AR (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,753 | 3.13% |
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,245 | 3.88% |
| Torrington, CT (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $9,417 | 2.50% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,298 | 3.88% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,431 | 3.50% |
| Boone, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,615 | 3.63% |
| BISMARCK, ND (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,291 | 4.50% |
| Sunbury, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,079 | 3.50% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,856 | 3.75% |
| Shelton, WA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,243 | 3.88% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,359 | 4.25% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,023 | 3.00% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $1,976 | 3.63% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,203 | 4.00% |
| MIDLAND, MI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,560 | 3.88% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,308 | 3.63% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $1,556 | 3.38% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,439 | 3.38% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,241 | 4.00% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,052 | 3.50% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,335 | 3.63% |
| Barre, VT (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,906 | 3.00% |
| GREAT FALLS, MT (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,084 | 3.75% |
| Warsaw, IN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,006 | 3.75% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,200 | 3.13% |
| JACKSON, TN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,141 | 3.88% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,058 | 3.88% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,107 | 3.13% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,009 | 3.38% |
| WACO, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,746 | 4.75% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $1,983 | 3.00% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,611 | 3.13% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,650 | 3.38% |
| AMES, IA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $1,688 | 3.13% |
| Easton, MD (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,253 | 3.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,581 | 3.25% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,638 | 3.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,976 | 3.88% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,650 | 3.88% |
| Marinette, WI-MI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,791 | 4.00% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,901 | 4.38% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,132 | 3.13% |
| Forest City, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,993 | 2.88% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,504 | 3.00% |
| GRAND FORKS, ND-MN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,938 | 3.25% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,327 | 3.50% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $1,983 | 3.25% |
| Logansport, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,006 | 3.50% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,596 | 3.13% |
| Martin, TN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,015 | 3.00% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,049 | 3.25% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,312 | 3.50% |
| LOGAN, UT-ID (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,110 | 3.50% |
| HARRISONBURG, VA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,942 | 2.88% |
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 2,223 | $774,855,000 | $348,563 | $3,970 | 3.67% |
For 2019, Sofi Lending Corp.'s most frequently originated type of loan was Conventional, with 2,223 originations.
Loan Reason
For 2019, Sofi Lending Corp.'s most frequently cited loan purpose was Refi, with 1,219 originations. The 2nd most popular reason was Cash Out Refi, with 703 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 1,540 | $595,710,000 | $386,825 | $4,245 | 3.87% |
| 15 Year | 683 | $179,145,000 | $262,291 | $3,350 | 3.22% |
For 2019, Sofi Lending Corp.'s most frequently cited loan duration was 30 Year, with 1,540 originations. The 2nd most popular length was 15 Year, with 683 originations.
Origination Fees/Closing Costs
Sofi Lending Corp.'s average total fees were $4,245, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 953 originations.
Interest Rates
During 2019, Sofi Lending Corp.'s average interest rate for loans was 3.87%, while their most frequently originated rate bucket for loans was 3-4%, with 1,661 originations.
Loan Sizing
2019 saw Sofi Lending Corp. place emphasis on $200k-400k loans with 1,081 originations, totaling $313,825,000 in origination value.
Applicant Income
Sofi Lending Corp. lent most frequently to those with incomes in the $150k-250k range, with 774 originations. The second most popular income band? $100k-150k, with 677 originations.
Applicant Debt to Income Ratio
Sofi Lending Corp. lent most frequently to those with DTI ratios of 20-30%, with 652 originations. The next most common DTI ratio? 30-36%, with 451 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications73.75%
Sofi Lending Corp. has a below average approval rate.
Pick Rate
Approvals leading to origination-2.02%
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 | 2,223 | $774,855,000 | $348,563 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 2,223 | $774,855,000 | $348,563 |