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General Refinancing Questions
How are interest rates determined on refinance loans?
How are interest rates determined on refinance loans?

The lenders on Sparrow generally determine interest rates by your credit score and income.

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Written by Sparrow Support
Updated over a week ago

The lenders on Sparrow generally determine interest rates by your credit score and income. However, lenders may take into consideration other factors such as:

  1. Your debt-to-income ratio

  2. Type of degree you have

  3. Your cosigner’s credit score and income (if applicable)

You can check your prequalified rates by completing our two-minute application.

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