Credible is a loan marketplace that lets you compare different loan options through its partners, Caliber, LoanDepot, Rocket Mortgage and Stearns. We like the service because you can get prequalified for a loan without a hard credit check, and its rates appear competitive.
While SoFi and Credible both have limited mortgage choices, Credible allows you to compare multiple quotes across four lenders instead of only one. This can be handy if you’re after a conventional or jumbo loan and want to see your available rates without dinging your credit.
But because both lenders offer limited loan choices, first-time homebuyers may not find what they need here. If you’re after a government-backed mortgage, such as an FHA, VA or USDA loan, you’ll need to look elsewhere.
Credible |
SoFi |
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| At a quick glance |
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| Loan products offered | Conventional, FHA, VA, Jumbo, Refinance | Conventional, Jumbo, Home equity, Refinance |
| State availability | Not available in: MO, NY, RI | Not available in: HI |
| Min. credit score | 620 | 620 |
| BBB Rating | A+ | A+ |
| Trustpilot Rating | Excellent | Poor |
| Pros |
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| Cons |
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| More info | Read Review | Read Review |
As of June 2022, Credible has a 4.6 out of 5 rating on Trustpilot from over 5,100 customers and 1.22 out of 5 rating with the Better Business Bureau (BBB) from 110 customers. Credible has been accredited with the BBB since 2015 and has an A+ business rating for closing 13 complaints in the last three years.
Credible’s reviews on Trustpilot are overwhelmingly positive, with 86% of reviewers saying they had an “excellent” experience and only 2% saying they had a “bad” experience. Note that these reviews are for all of Credible’s loan products, including student loans — not just mortgages.
SoFi gets average-to-good marks from customers, earning 2.5 out of 5 stars on Trustpilot with 2,568 reviews. On Trustpilot, 77% of customers said they had an “excellent” experience and 11% said they had a “bad” experience. SoFi isn’t accredited with the BBB but earns an A+ business rating for closing over 480 complaints in the past three years.
Customers who like SoFi mention the ease of applying online, fast funding of loans and great customer service. But unhappy customers report difficulty being approved and feeling confused by the application process.
Credible and SoFi can help if you’re after a conventional or jumbo loan. However, if you need a bigger loan selection, we recommend a highly rated lender like Fairway Independent or Guaranteed Rate. Or visit loan marketplace LendingTree, where you can compare a much wider range of options. Disclaimer: The partners on Finder's mortgage comparison tables are sorted in alphabetical order.
On the other hand, if you’d prefer a 100% digital mortgage that doesn’t require you to work with a loan officer and charges no origination fees, Better or Beeline might be more up your alley.
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