Ally Bank
3.5 Bankrate ScoreAlly Bank began offering direct-to-consumer home...
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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 scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Star ranking and total number reflects the lifetime customer reviews received while this lender has been an advertiser on Bankrate.
To help serve you with relevant information, the customer reviews shown are limited to only those that this advertiser has received during the past 12 months.
Loans offered
Conventional, jumbo, FHA, VA, refinancing
Min. credit score required
620 for conventional loans, 580 for FHA loans
Nationwide availability
All U.S. states except Delaware
Min. down payment
3% for conventional loans, 3.5% for FHA loans, none for VA loans
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.
Dedicated loan officer works with borrowers throughout the entire process
Offers verified approvals
Most mortgages close within 27 days
Doesn’t offer home equity lines of credit (HELOCs) or home equity loans
No branch locations
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.
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.
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.
- Mayank Gangrade, Senior data engineer, The Points Guy, a Red Ventures company
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:
Sage Home Loans offers both rate-and-term and cash-out refinancing options.
Rating: 4.7 stars out of 5
4.7
Bankrate Score
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
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Rating: 4.9 stars out of 5
4.9
Bankrate Score
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
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Rating: 4.8 stars out of 5
4.8
Bankrate Score
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
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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 |
NMLS: 3304
State License: MC-5018
4.8
338 ratings
This lender has 39 recent reviews.
95% of customers would recommend this lender.
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.
Rates and terms of loan honored?
Closed mortgage with this lender?
Closed on time?
Would you recommend this lender?
Rates and terms of loan honored?
Closed mortgage with this lender?
Closed on time?
Would you recommend this lender?