SoFi, short for Social Finance, started as a student loan refinancing company and quickly grew into other areas of personal finance, including mortgage loans. SoFi also looks into more than just your credit score when lending. The company includ es considerations like valuable college degrees and earning potential.

The borrowing process at SoFi starts with a pre-qualification that does not impact your credit score and takes about two minutes to complete. From there, you can pick your loan and complete all of your paperwork. Like traditional loans, it takes about 30 days to finish a mortgage application and get funded from SoFi.

SoFi offers 30-year and 15-year fixed loans as well as 7/1 ARM and 5/1 interest-only ARM loans. SoFi does not lend for most investment properties and focuses on owner-occupied primary and second homes.

SoFi’s origination fee is $1,000 for non-members, and $500 for members.