Total, SoFi is an excellent option for consumers who are trying to find the lowest-prices mortgage. But not, there are certain things to understand before taking away a good SoFi loan. Be sure to look at the positives and negatives meticulously before you make a choice.

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When it comes to borrowing from SoFi, there are a few requirements you’ll need to meet in order to be eligible. First and foremost, you must have a good credit score. SoFi looks for individuals which have credit ratings of at least 680, although the better your credit score, the more favorable the terms of your loan will be.

In addition to a strong credit score, you’ll need to have a steady source of income in order to qualify for a loan from SoFi. This can come in the form of full-time employment, self-employment, or even alimony or child support payments. As long as you have a reliable source of income, you should be able to qualify for a loan from SoFi.

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