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SoFi vs. LendingTree

LendingTree is our pick based on loan selection and greater choice for borrowers of all types.

LendingTree is a loan marketplace that lets you choose from a range of lenders, while SoFi is a fintech lender offering several types of loans. LendingTree gets our vote based on loan selection and greater flexibility.

Our verdict: LendingTree is our choice

LendingTree is a loan marketplace that lets you compare different lenders to help find the right loan for your needs. We like the service because lenders compete for your business, and you might get a better rate than if you searched on your own.

In our view, LendingTree wins over SoFi because you’ll have access to a much wider range of loans, including government-backed options, jumbo loans, home equity loans and lines of credit (HELOCs) and even reverse mortgages. SoFi only offers conventional and home equity loans.

But with LendingTree, you have to share your information so it can match you up to suitable lenders. This may result in more phone calls or emails than you like.

Overview: SoFi vs. LendingTree

‎ 
Name SoFi
(NMLS #1121636)
LendingTree
(NMLS #1136)
At a quick glance
  • Consider this lender if you have student loan debt.
  • Choose another lender if you live in Hawaii, Missouri, New Mexico or New York.
  • Consider LendingTree if you want to compare several quotes.
  • Choose another lender if you don’t want to get multiple calls or emails.
Loan products offered Conventional, Home equity, Refinance Conventional, Jumbo, FHA, VA, USDA, Home Equity, HELOC, Reverse, Refinance
State availability Not available in: HI, MO, NM, NY Available in all states
Min. credit score 620 620
BBB Rating A+
Trustpilot Rating Average
Pros
  • Multiple fixed-rate terms
  • Membership perks
  • Fully-online application process
  • Lender portfolio
  • Free to use
  • Money-saving notifications
Cons
  • Must put down at least 10%
  • Limited service
  • Mortgage can’t be used for investment
  • Calls and emails
  • Could hurt your credit
More info Read Review Read Review
Get rates See rates

SoFi customer reviews

SoFi gets overall good marks from customers, earning a 4.69 out of 5 star rating on Zillow from 315 reviewers as of December 2021. While reviews are limited, customers who like SoFi comment on the ease of applying online with a few documents and the responsiveness of its customer service team. On the other hand, a few unhappy customers report difficulty getting approved and a lack of communication from loan officers.

LendingTree customer reviews

LendingTree has a rating of 4.5 out of 5 based on over 10,300 reviews on Trustpilot as of December 2021. Borrowers say they like the simplicity and convenience of finding a loan through the service.

On the other hand, LendingTree is only rated 1.53 out of 5 from 76 customers on the Better Business Bureau’s (BBB) website. The most common complaint is the volume of phone calls and emails received.

Compare other mortgage options

SoFi and LendingTree are both popular options with thousands of homebuyers across the US. But if you’re a tech-savvy borrower and want to go with a fully digital mortgage that doesn’t charge any origination fees, consider Better or Beeline.

Alternatively, if you’re looking for a different type of loan that you can’t get through SoFi or LendingTree, we suggest Draper & Kramer Mortgage or North American Savings Bank. Both lenders offer a wide range of loan products for investors, second-time homebuyers and nontraditional borrowers.

Find your perfect mortgage by comparing these lenders and lender marketplaces. Select See rates to get a personalized quote.

Name Product Loan products offered State availability Min. credit score
Rocket Mortgage
(NMLS #3030)
Rocket Mortgage
Conventional, Jumbo, FHA, VA, Refinance
Available in all states
620
Streamline your mortgage from quote to final payment — all from your computer or phone.
AmeriSave
(NMLS #1168)
AmeriSave
Conventional, Jumbo, FHA, VA, USDA, Refinance
Not available in: NY
620
Great customer reviews and customized rate quotes in three minutes with no SSN needed.
Veterans United
(NMLS #1907)
Veterans United
Conventional, FHA, VA, USDA, Jumbo, Refinance
Available in all states
620
Veterans United stands out from other lenders for its focus on serving the military community.
Better
(NMLS #330511)
Better
Conventional, Jumbo, FHA, Refinance
Not available in: HI, MA, MN, NV, NH, VT, VA
620
Online preapproval in minutes and no origination fees with this direct lender.
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