SoFi Mortgage Payoff Sweepstakes 2026: Win Up to $500,000 Toward Your Home Mortgage

Imagine seeing up to $500,000 disappear from your home mortgage balance and feeling the excitement of owing significantly less on your home! The SoFi Mortgage Payoff Sweepstakes gives one lucky homeowner a chance to win a mortgage payment of up to $500,000, potentially transforming their financial future. Picture the relief of reducing your biggest monthly financial obligation and take your chance to win this extraordinary mortgage payoff prize!

Limit

• Limit one (1) sweepstakes entry per eligible person across all available entry methods.
• Open to legal residents of all 50 United States and Washington, D.C.
• Entrants must be at least 18 years old at the time of entry.
• Entrants must have an existing mortgage loan with SoFi or another U.S. financial institution by the end of the sweepstakes period.
• The mortgage must be secured by residential real estate, serviced by a U.S. financial institution and reflected on the entrant's U.S. credit report.
• Employees and specified immediate family and household members of SoFi, the administrator and associated organizations are ineligible.
• Multiple or automated entries are prohibited.

How to Enter - SoFi Mortgage Payoff Sweepstakes

There are three ways to earn an entry. A maximum of one entry is permitted regardless of the method used.

Existing SoFi Mortgage Borrowers:

1. If you had an existing SoFi purchase or refinance mortgage as of 09/16/2026, look for an email from SoFi containing sweepstakes information and entry instructions.
2. Follow the instructions in the email to enter.

New SoFi Mortgage Borrowers:

1. Obtain a new SoFi purchase or refinance mortgage for your primary residence during the sweepstakes entry period.
2. After your mortgage is funded, you will receive an email containing entry information and instructions.
3. Follow the provided instructions to enter.

Free Alternate Entry for Non-SoFi Mortgage Borrowers:

1. Visit the official promotion website: https://www.sofi.com/mortgagesweeps/
2. Register for SoFi Coach Insights.
3. Connect your property using the Property Tracking Feature before the sweepstakes closes.
4. The linked property may be your primary home, vacation home or investment property, provided you satisfy the mortgage eligibility requirements.

No purchase or payment is necessary to enter or win. A purchase or payment does not increase your chances of winning.

Random Drawing

One (1) potential winner will be selected through a random drawing conducted by Realtime Media LLC on or approximately 02/15/2027 from all eligible entries received.

The potential winner will be notified by email within a commercially reasonable time after the drawing. The selected entrant must submit the required prize redemption form and declaration of eligibility, liability release and prize acceptance agreement within five days of notification. The sponsor may select up to three alternate winners if necessary.

Prizes - SoFi Mortgage Payoff Sweepstakes

Grand Prize - Mortgage Payoff Payment

• Number of Winners: One (1).
• Prize: A payment of up to $500,000 toward the winner's existing primary mortgage loan balance.
• Maximum Prize Value: $500,000.
• Actual Payment: The lesser of $500,000 or the winner's outstanding mortgage balance at the time of winner verification.
• Payment Method: SoFi will pay the mortgage lender or servicing financial institution directly. The winner will not receive the prize as cash.
• Mortgage Verification: Winners with mortgages held by other financial institutions must provide sufficient loan and lender information to verify the mortgage and facilitate payment.
• Restrictions: The prize is nontransferable and cannot be redeemed for cash, except as otherwise determined by the sponsor under the official rules.
• Taxes: The winner is responsible for applicable federal, state and local taxes. The actual prize value will be reported for tax purposes, and an IRS Form 1099 will be issued.
• Prize Fulfillment: Approximately three to four weeks after the sweepstakes concludes.