SoFi Mortgage Payoff Sweepstakes (Mail-In)

Posted Date: February 2, 2026

SoFi is giving one winner the chance to have up to $500,000 applied toward their mortgage balance.

Oops! This sweepstakes has ended, but you can browse all active sweepstakes to see current giveaways you can still enter.

New to Sweepstakes? Start Here

If you’re new to online sweepstakes, this page walks you through exactly how it works, from entry limits and instant wins to avoiding scams and improving odds.

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.

Entry Frequency: Single Entry

Total Prizes: 1

Grand Prize ARV: $500,000

All Prizes ARV: $500,000

Start Date: October 16, 2025

End Date: February 28, 2026

Eligible States:
All States

All States

Quick Take!

This is one of those “holy wow” prizes, but it’s also super specific — so it’s a long shot and it’s not for everyone. The effort is low (there’s only one entry total), but you do have to qualify by having an existing mortgage and following the entry path that applies to you. Still, if you’re eligible, it’s absolutely worth taking the one quick swing because the potential payout is massive.

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)

All Prizes

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

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Good to Know:

You only get one entry total, no matter which method you use, so there’s no daily grind here. The prize is paid directly to your mortgage lender (not to you), and it’s capped at the lesser of $500,000 or your remaining mortgage balance at the time you’re verified. Because the prize value can be huge, taxes are a real thing to expect if you win.

Frequently Asked Questions:

Is this sweepstakes free to enter?

Absolutely! You can enter for free, and buying anything won’t give you an edge or improve 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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