Sage Mortgage Review 2022

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

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.

Reputation

Sage Mortgage has an F rating with the Better Business Bureau based on consumer complaint response, and is not accredited by the organization.

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 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.

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

• Accelin Loans mortgage review: Another broker who can match you to the right loan product for your needs, but only operating in some states
• Bank of America mortgage review: One of the biggest bank lenders with a variety of loan options and daily rates displayed online for anyone to compare
• Freedom Mortgage review: A major national lender with diverse products but limited online capabilities
• Renasant Bank mortgage review: A Southeast-based bank and lender offering HELOCs and construction and renovation loans
• Texas Trust Home Loans review: A no-fee online lender available in some of the largest states in the U.S., including California, Florida and Texas 

Breakdown of Sage Mortgage overall review score 

• Affordability: 3/5
• Availability: 5/5
• Borrower experience: 4.3/5

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.