Sage Mortgage Review 2022

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At a glance

Sage Mortgage

4.9

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Bankrate Score

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Loans offered

Conventional, fixed-rate, adjustable-rate; rate-and-term and cash-out refinancing; jumbo
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Nationwide availability

Available in Alabama, California, Colorado, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Maryland, Michigan, Minnesota, New Hampshire, New Jersey, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas and Wisconsin
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Min. credit score required

620 for conventional loans

Pros and cons

Pros

  • Works with multiple wholesalers to offer competitive rates and fast cycle times
  • Borrowers can complete a quick and easy application online 24/7, 365 days a year
  • Dedicated loan officer works with borrowers throughout the entire process
  • Most mortgages close within 27 days

Cons

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

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.)

Good for

Borrowers looking to refinance, for an online experience or find the best deal for their individual situation

Loan types 

  • Conventional
  • Fixed-rate
  • Adjustable-rate
  • Rate-and-term and cash-out refinancing
  • Jumbo

Lender fees

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.

Rates

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.

Online services

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 620 and can have a maximum debt-to-income (DTI) ratio of 50 percent and a maximum loan-to-value (LTV) ratio of 95 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.

Not sure if Sage Mortgage is right for you? Consider these alternatives

Breakdown of Sage Mortgage overall review score 

  • Affordability: 5/5
  • Availability: 5/5
  • Borrower experience: 4.7/5

Review methodology 

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.

Sage Mortgage consumer reviews

4.8

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285 reviews

5 stars
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258
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12

Customer service rating

Knowledge
4.8
Level of service
4.8
Professionalism
4.8
Responsiveness
4.8

95% of reviews would recommend this lender

10 of 10 rates honored

Review this lender

Write a review of your experience with Sage Mortgage.

10 of 72 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.

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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Seamless experience

Mark | North Carolina | 9/30/2021

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Excellent Experience

Happy Customer | SC | 10/1/2021

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Closed in 3 Weeks!

Nicholas | Charlotte, NC | 10/4/2021

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Closed on time with Sage

Irene | Minnesota | 10/6/2021

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awesome job!

awesome refinance job! | Montgomery, TX | 10/6/2021

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Excellent Service

Marlon Santos | Texas | 10/12/2021

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Forthright

Lak Krishnan | Charlotte, NC | 10/13/2021

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Great experience!

Cort B. | Clovis CA | 10/13/2021

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Great Experience

Happy Customer | Alabama | 10/13/2021

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Smooth Refinance

Rich | Chicago, IL | 10/20/2021

Written by
Erik J. Martin
Contributing writer
Erik J. Martin is a Chicago area-based freelance writer/editor whose articles have been featured in AARP The Magazine, Reader's Digest, The Costco Connection, The Motley Fool and other publications. He often writes on topics related to real estate, business, technology, health care, insurance and entertainment.
Edited by
Mortgage editor