Grade A · 0% of disclosures flagged for junk fees
Online Lender · California · NMLS #1121636
Avg Closing Costs
$2,286
median across reports
vs. National Average
32%
below national avg
Avg Origination Charge
$1,637
Section A lender fee
Reports with Junk Fees
0%
of submitted reports
| Fee Category | This Lender (avg) | National Avg | Verdict |
|---|---|---|---|
| Title Insurance | $3,103 | $3,111 | 🟡 Average |
| discount_points | $1,980 | $2,242 | 🟢 Below Avg |
| Origination Fee | $1,637 | $1,584 | 🟡 Average |
| Underwriting Fee | $1,429 | $1,473 | 🟡 Average |
| Appraisal | $1,053 | $1,081 | 🟡 Average |
| Settlement/Closing Fee | $954 | $986 | 🟡 Average |
| lender_credits | $844 | $428 | 🔺 High |
| Processing Fee | $775 | $790 | 🟡 Average |
| Title Search | $379 | $392 | 🟡 Average |
| Recording Fee | $339 | $344 | 🟡 Average |
| Rate Lock Fee | $286 | $376 | 🟢 Below Avg |
| Document Preparation | $170 | $147 | 🔴 Above Avg |
| Tax Service Fee | $128 | $128 | 🟡 Average |
| Wire Transfer Fee | $69 | $69 | 🟡 Average |
| Credit Report | $68 | $69 | 🟡 Average |
| Courier/Delivery | $58 | $58 | 🟡 Average |
| Flood Certification | $23 | $23 | 🟡 Average |
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Based on 15,981 homebuyer-submitted Closing Disclosures, SoFi Bank, N.A.'s median total closing costs are $2,286. This is about 32% below the $3,383 national peer median for comparable lenders. Actual costs vary by loan type, loan amount, property state, and individual borrower profile. This data is informational only and not financial advice.
Are Closing Costs Negotiable?
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What Are Junk Fees on a Mortgage?
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How to Read Your Closing Disclosure
Page-by-page walkthrough of the 5-page form.
Average Closing Costs by State
Benchmark your costs against the state average.
Closing Costs in California
State-specific benchmarks for California.
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Aggregates from Sofi Bank, National Association's 2025 HMDA filings — actual closed-loan figures reported to federal regulators, compared against the national median across all lenders.
Purchase Originations
3,357
Ranked #149 nationally
Median Total Costs
$5,416
−18.9% vs national ($6,680)
Median Rate
6.490%
+0.0% vs national (6.490%)
Median Origination
$1,050
Median Lender Credits
$780
Cost Rank (500+ vol.)
#232
among lenders with 500+ originations
Denial Rate
3.8%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 2,593 | 6.625% | $4,836 | $1,100 |
| fha | 510 | 6.125% | $10,145 | $1,245 |
| va | 254 | 6.000% | $7,500 | $34 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Texas | 323 | 6.375% | $6,578 | #151 |
| North Carolina | 251 | 6.490% | $4,218 | #90 |
| Florida | 223 | 6.500% | $5,963 | #151 |
| California | 174 | 6.490% | $6,965 | #156 |
| Pennsylvania | 168 | 6.625% | $5,573 | #118 |
| Illinois | 133 | 6.500% | $6,304 | #127 |
| New Jersey | 129 | 6.375% | $7,232 | #88 |
| Ohio | 121 | 6.625% | $4,526 | #119 |
| New York | 118 | 6.495% | $6,504 | #114 |
| Indiana | 107 | 6.375% | $3,664 | #125 |
| Virginia | 97 | 6.375% | $4,671 | #130 |
| Georgia | 94 | 6.500% | $5,767 | #147 |
| Tennessee | 88 | 6.375% | $4,925 | #140 |
| Missouri | 81 | 6.625% | $3,771 | #110 |
| Washington | 78 | 6.495% | $5,651 | #122 |
| Michigan | 77 | 6.625% | $4,036 | #128 |
| Minnesota | 75 | 6.500% | $4,560 | #108 |
| Colorado | 74 | 6.490% | $4,233 | #124 |
| Massachusetts | 70 | 6.500% | $5,152 | #109 |
| South Carolina | 70 | 6.490% | $5,076 | #141 |
| Arizona | 68 | 6.490% | $6,067 | #127 |
| Wisconsin | 68 | 6.688% | $3,426 | #120 |
| Alabama | 52 | 6.312% | $5,013 | #132 |
| Oklahoma | 48 | 6.500% | $5,120 | — |
| Maryland | 46 | 6.370% | $5,419 | — |
| Connecticut | 43 | 6.500% | $4,985 | — |
| Nevada | 41 | 6.125% | $5,422 | — |
| Oregon | 41 | 6.500% | $5,559 | — |
| Kentucky | 38 | 6.375% | $5,866 | — |
| Kansas | 37 | 6.625% | $3,741 | — |
| Utah | 37 | 6.375% | $5,372 | — |
| Arkansas | 36 | 6.433% | $3,219 | — |
| Iowa | 29 | 6.625% | $4,370 | — |
| Mississippi | 23 | 6.625% | $4,522 | — |
| Nebraska | 21 | 6.500% | $3,909 | — |
| New Mexico | 21 | 6.375% | $6,237 | — |
| Idaho | 18 | 6.375% | $7,604 | — |
| New Hampshire | 17 | 6.375% | $3,758 | — |
| Louisiana | 16 | 6.125% | $6,302 | — |
| West Virginia | 14 | 6.125% | $3,815 | — |
| Montana | 13 | 6.000% | $5,876 | — |
| Rhode Island | 13 | 6.500% | $5,412 | — |
| Delaware | 12 | 6.562% | $5,444 | — |
| District of Columbia | 11 | 6.490% | $7,535 | — |
| Alaska | 9 | 6.000% | $9,527 | — |
| Maine | 9 | 6.750% | $3,840 | — |
| Wyoming | 9 | 6.490% | $3,677 | — |
| South Dakota | 8 | 6.375% | $5,531 | — |
| North Dakota | 3 | 6.250% | $5,723 | — |
| Vermont | 3 | 6.125% | $6,044 | — |
| Hawaii | 2 | 5.812% | $15,316 | — |
| This lender | Texas median | National median | |
|---|---|---|---|
| Total Closing Costs | $6,578 | $8,397 | $6,680 |
| Interest Rate | 6.375% | 6.250% | 6.490% |
| Originations in state | 323 | — | — |
Based on 2025 HMDA data. State and national medians cover all reporting lenders.
Peer set: the 50 highest-volume U.S. mortgage lenders in 2025 (min. 8,254 purchase originations).
| Metric | Sofi Bank, National Association | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $355,000 | $335,000 | +$20,000 (+6.0%) |
| Median total closing costs | $5,416 | $7,127 | −$1,711 (−24.0%) |