Credible is a loan marketplace that lets you compare multiple lenders, while SoFi is a digital lender offering only a few mortgage types. Credible gets our vote based on its range of lender options and positive customer reviews.
Our verdict: Credible wins over SoFi
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.
Overview: Credible vs. SoFi
Credible
SoFi
At a quick glance
Consider Credible if you want to compare multiple quotes at one time.
Choose another lender if you want a government-backed home loan.
Consider this lender if you have student loan debt.
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 customer reviews
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.
Compare other options
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. 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. Find your perfect mortgage by comparing these lenders and lender marketplaces. Select See rates to get a personalized quote.
Disclaimer: The partners on Finder's mortgage comparison tables are sorted in alphabetical order.
Kat Aoki is a personal finance writer at Finder, specializing in consumer and business lending. She’s written thousands of articles to help consumers make better decisions on their home loans, bank accounts, credit cards, cryptocurrency and more. Kat is well versed in working with leading brands in the real estate, mortgage and personal finance industries, and her expertise has been featured on Forbes Advisor, Lifewire and financial comparison sites like iSelect and realestate.com.au. She holds a BS in business administration from California State University, Sacramento and enjoys hiking and yoga in her spare time.
Cornerstone Home Lending offers a standard list of mortgage loans with some portfolio options, but you have to contact a loan officer for rates and fees.
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