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Sage Home Loans Mortgage Review 2024

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At a glance

Sage Home Loans
NMLS: 3304
State License: MC-5018
Editor's take

Sage Home Loans is a direct digital mortgage lender working with borrowers in the majority of states in the U.S. Among the benefits of this lender: a plain-language application that’s easier and faster to complete. However, it doesn’t operate branch locations, which could be a downside if you value an in-person experience. (Note: Sage Home Loans is owned by Red Ventures, parent company of Bankrate. However, to determine Sage’s Bankrate Score, we applied the same rigorous methodology we use across every lender we review.)

Bankrate Score
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4.7
Rating: 4.7 stars out of 5
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Bankrate Score

Customer Rating
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4.8
Rating: 4.76 stars out of 5

338 ratings

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Loans offered

Conventional, jumbo, FHA, VA, refinancing

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Min. credit score required

620 for conventional loans, 580 for FHA loans

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Nationwide availability

All U.S. states except Delaware

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Min. down payment

3% for conventional loans, 3.5% for FHA loans, none for VA loans

Sage Home Loans overview

Sage Home Loans is a direct digital mortgage lender headquartered in Fort Mill, South Carolina. To connect with Sage, you can visit the lender directly online, call or submit your information through Bankrate. From there, you’ll be assigned a dedicated loan officer. For home purchase mortgages, the lender offers no-cost verified preapprovals.

Pros and cons

Pros

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    Dedicated loan officer works with borrowers throughout the entire process

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    Offers verified approvals

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    Most mortgages close within 27 days

Cons

  • Doesn’t offer home equity lines of credit (HELOCs) or home equity loans

  • No branch locations

How Bankrate scored Sage Home Loans

Affordability: 9.8/10

Sage Home Loans’ rates were competitive against Bankrate’s averages at the time of this review. Your individual rate will vary based on your credit score and other factors. You can obtain a personalized rate quote by completing a form on the lender’s website or through Bankrate, or by contacting a loan officer directly. Notably, Sage doesn’t include overlays in its pricing. The lender charges a flat $995 underwriting fee and $499 processing fee.

Availability: 10/10

Sage Home Loans offers both conventional loans (conforming and jumbo) and FHA and VA loans in every state except Delaware. For conforming loans, you could qualify with a debt-to-income (DTI) ratio up to 50 percent.

Borrower experience: 8.2/10

Sage Home Loans currently has an A+ rating from the Better Business Bureau. When working with Sage, you might benefit from the lender’s 100-percent digital experience, which includes a simple, plain-language application and the ability to upload supporting documents and select product and pricing all in the same session. The lender offers three-minute prequalifications as well as verified approvals, and often clears borrowers to close faster than industry averages.

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Bankrate staff insights

"Working with Sage was a fantastic experience. The representatives were consistently available, offering information in a clear and concise manner. Their responsiveness via text and email was impressive. Initially, Sage offered me a higher rate, but they were able to match the rates provided by other companies."

- Mayank Gangrade, Senior data engineer, The Points Guy, a Red Ventures company

How to apply for a mortgage with Sage Home Loans

You can apply for a mortgage with Sage Home Loans online or by phone at 877-219-6115. Here are some tips to prepare for the process:

  1. Check your credit report. It’s important to check your credit report before your lender does, in case there are errors that could impact not only whether you get preapproved but also your ability to get the best mortgage rate. Knowing your credit score also helps you decide what type of loan to apply for. If your score is in the very low 600s, for instance, an FHA mortgage might be best for you, as its standards are more lenient than those for conventional loans.
  2. Gather personal and financial documents. With any lender, you must supply documentation about your income, assets and debts. This includes pay stubs and W-2s and account and loan statements.
  3. Provide details about the property. You’ll need to provide the address of the home and submit to an appraisal. (If you’re refinancing, you might or might not need an appraisal.)

Refinancing with Sage Home Loans

Sage Home Loans offers both rate-and-term and cash-out refinancing options.

Compare mortgage lenders

Sage Home Loans
Rating: 4.7 stars out of 5
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4.7

Bankrate Score
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Bethpage Federal Credit Union
Rating: 4.9 stars out of 5
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4.9

Bankrate Score
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Read full review
First Mortgage Direct
Rating: 4.8 stars out of 5
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4.8

Bankrate Score
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Read full review

Loans offered

Conventional, jumbo, FHA, VA, refinancing

Loans offered

Conventional, jumbo, FHA, refinancing and more

Loans offered

Conventional, jumbo, FHA, VA, USDA, refinancing and more

Min. credit score required

620 for conventional loans, 580 for FHA loans

Min. credit score required

620 for conventional loans, 500 for FHA loans

Min. credit score required

620 for conventional loans, 580 for FHA loans, 580 for VA loans

Down payment

3% for conventional loans, 3.5% for FHA loans, none for VA loans

Down payment

3% for conventional loans, 3.5% for FHA loans

Down payment

3% for conventional loans, 3.5% for FHA loans, none for VA loans and USDA loans

Nationwide availability

All U.S. states except Delaware

Nationwide availability

Available in all U.S. states except Texas

Nationwide availability

All U.S. states

Sage Home Loans customer ratings and reviews

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NMLS: 3304

State License: MC-5018

4.8

Rating: 4.76 stars out of 5

338 ratings

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This lender has 39 recent reviews.

Knowledge
Rating: 4.8 stars out of 5
Level of service
Rating: 4.8 stars out of 5
Professionalism
Rating: 4.8 stars out of 5
Responsiveness
Rating: 4.8 stars out of 5
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91%
4%
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1%
4%

95% of customers would recommend this lender.

of 39 reviews

The consumer reviews posted on Bankrate.com ("Bankrate") are individual, subjective opinions of reviewers, and not of Bankrate. Bankrate does not endorse any of the opinions expressed by reviewers or any responses to reviews.

Bankrate cannot guarantee or verify the accuracy of the opinions shared by individual reviewers, and reserves the right to reject or remove any review, at any time, for any reason at Bankrate’s sole discretion, including but not limited to those that Bankrate deems inappropriate, fraudulent, invalid, irrelevant, or otherwise outside the parameters of the Bankrate Review Guidelines, the Privacy Policy, or the Terms of Use.

To help serve you with relevant information, the consumer reviews shown below are limited to only those that this advertiser has received during the past 12 months.

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