Author Topic: SoFi rejected me - who else?  (Read 4564 times)

dantownehall

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SoFi rejected me - who else?
« on: February 08, 2016, 01:35:36 PM »
I applied for a refinance through SoFi and was denied - not sure why (good credit, 66% LTV, more than enough in assets to just pay off the house if I want, etc.).

Is there anyone else comparable?  Looing for low/to no fees, and an improvement on my 4.625% rate.

Thanks!

Blonde Lawyer

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Re: SoFi rejected me - who else?
« Reply #1 on: February 08, 2016, 01:48:48 PM »
Was this recently? If it was awhile ago, they recently changed their model and do no rely on your FICO score anymore.  Through the grapevine, I believe they put more emphasis on your job title/income than other factors.  No idea if this is actually true.  For assets, for example, was there even a place to list that? I don't remember being asked my bank balance and I don't think that's on your credit report.  If you have other circumstances you want them to consider, try reaching out.

ReluctantMillennial

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Re: SoFi rejected me - who else?
« Reply #2 on: February 08, 2016, 02:18:35 PM »
You might try Earnest.  My sister refied her loans and they offered her a lower rate than SoFi.

thingamabobs

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Re: SoFi rejected me - who else?
« Reply #3 on: February 09, 2016, 02:24:49 AM »
Went through Darien Rowayton Bank, got a good rate from them but that was 4 months ago now. Went through whitecoatinvestor.com to get the better referral link.

dantownehall

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Re: SoFi rejected me - who else?
« Reply #4 on: February 09, 2016, 12:59:33 PM »
Thanks, y'all!  I'll look into those.

thurston howell iv

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Re: SoFi rejected me - who else?
« Reply #5 on: February 09, 2016, 02:01:12 PM »
Commonbond did the trick for us. AND they were cheaper adn easier to work with than SoFi.
I have a link about it somewhere around here.