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SoFi Mortgage Payoff Sweepstakes

Posted Date: February 2, 2026
SoFi is giving one winner the chance to have up to $500,000 applied toward their mortgage balance.

Total Number of Prizes: 1

Grand Prize ARV: $500,000

Total ARV of All Prizes: $500,000

Entry Frequency: Single Entry

Eligibility:

All States

Prize Description:

One winner will receive a mortgage payoff applied directly to their existing home loan. Must be a homeowner with an existing mortgage.

The prize covers up to $500,000 of the winner’s current mortgage balance and is paid directly to the lender, not to the winner.

Sweepstakes Mom logo featuring Elizabeth, a friendly sweepstakes expert and prize giveaway brand

How to Enter:

*You must be a homeowner with an existing mortgage to accept the prize*

There are 2 methods to enter, Online Entry Form and AMOE

AMOE
Write a hand-printed postcard or a 3″ × 5″ card, include: First and Last Name, Email, full home address, phone #, date of birth

Mail it in a stamped #10 envelope to the address provided in the official rules (see official rules)

(One entry per person regardless of entry type)

Start Date: October 16, 2025

End Date: February 28, 2026

All Prizes

Grand Prize: Mortgage payoff applied to existing home loan
ARV: $500,000

Why Should You Enter:

• High prize value
• Free entry option available

Frequently Asked Questions:

Is this sweepstakes free to enter?

Yes. This sweepstakes offers a free entry method, and purchasing a product does not affect your chances.

How and when will the winner be notified?

The winner will be notified via email and must respond within the required timeframe to claim the prize.

Not sure what a real winner notification looks like? See real examples of actual sweepstakes winner emails on our How to Know If You Won page.

Is this sweepstakes legitimate?

Yes. This sweepstakes is sponsored by SoFi and administered under published official rules.
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