Sage Mortgage overview
Sage Mortgage is an online mortgage broker that works with multiple wholesale lenders. The broker was founded in 2020 and is headquartered in Fort Mill, South Carolina.
Borrowers benefit from Sage’s proprietary, 100-percent digital experience, which includes the ability to apply, upload supporting documents and select product and pricing all in the same session. Through Sage Mortgage, borrowers are assigned a dedicated loan officer as soon as they transfer from Bankrate, an affiliate company, so borrowers can get their questions answered at any step in the process.
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.
- Conventional fixed- and adjustable-rate mortgages (ARMs)
- Conventional and FHA fixed-rate cash-out and rate-and-term refinancing
Depending on the amount of your loan and where you live, lender fees vary between $995 to $1,050 in certain states and $2,750 to $5,500 in others. Lender requirements are changing continuously, so consult with Sage Mortgage for the latest fees and costs.
Minimum borrower requirements
For conforming loan amounts between $150,000 and $548,250, 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.