Sage Mortgage overview
Sage Mortgage is an online mortgage company that both underwrites loans and works with multiple wholesale lenders. The broker was founded in 2020 and is headquartered in Fort Mill, South Carolina. To connect with Sage, you can submit your information through Bankrate, an affiliate company, or visit the company directly online to start an application. From there, you’ll be assigned a dedicated loan officer. Along with assisting you with finding a loan, the company can help you secure a preapproval in one to two days, and the typical closing takes 27 days. (Editor’s note: Sage Mortgage is owned by Bankrate parent company Red Ventures but had no influence in Bankrate's review. Bankrate's editorial team operates independently and has standards in place to ensure the information in this review is accurate and unbiased.)
Borrowers looking to refinance, for an online experience or find the best deal for their individual situation
- Rate-and-term and cash-out refinancing
Typical broker and lender fees with Sage Mortgage can range from no fee at all to up to 3 percent of the loan amount. Lender requirements are changing continuously, so consult with Sage Mortgage for the latest fees and costs.
Sage Mortgage is a broker that works with different mortgage lenders to find you the loan best for your needs. While it advertises a promotional rate on its website, your individual rate will vary based on the lender you work with, your credit score and other factors. You can obtain a personalized rate quote by completing a form on the broker’s website or through Bankrate or by contacting your loan officer directly.
Sage Mortgage has an F rating with the Better Business Bureau based on consumer complaint response, and is not accredited by the organization.
Borrowers benefit from Sage Mortgage’s 100-percent digital experience, which includes the ability to apply, upload supporting documents and select product and pricing all in the same session. (The broker’s website has limited information, however.) If the lender supports it, borrowers can also e-sign documents. Borrowers interested in working with Sage can connect with the broker online or via email, text or chat.
Minimum borrower requirements
For conforming loans, borrowers need a minimum credit score of 660 and can have a maximum debt-to-income (DTI) ratio of 50 percent and a maximum loan-to-value (LTV) ratio of 90 percent.
Refinancing with Sage Mortgage
Borrowers looking to refinance their existing mortgage can get competitive rates through Sage Mortgage, which works with multiple lenders to find you the ideal loan with the lowest possible rate and fees. The broker displays a promotional refinance rate online, but this won’t necessarily be reflective of the rate you’d specifically qualify for.
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Breakdown of Sage Mortgage overall review score
- Affordability: 3/5
- Availability: 5/5
- Borrower experience: 4.3/5
To determine a mortgage lender’s Bankrate Score, Bankrate’s editorial team rates lenders on a scale of one to five stars based on a variety of factors relating to the lender’s products and services. Bankrate’s partners compensate us, but our opinions are our own, and partner relationships do not influence our reviews. Here is our full methodology.