Sage Mortgage Mortgage Review 2020
By Erik J. Martin
About our reviews
Bankrate’s editorial team researches, reviews and rates lenders to help you find one that fits your needs. Our experts consider a range of factors, including rates, loan types, time to close, fees and more. Reviews are updated regularly. Bankrate is an independent, advertising-supported comparison service. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy.
Bankrate Score
4.0
4.0
Please note: In response to the coronavirus pandemic, lenders are changing their requirements continuously. Although we strive for accuracy at the time of publication, please be sure to check with the lender for updated details on down payments, credit scores, etc.
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.Nationwide availability
Available in California, Colorado, Florida, Minnesota, North Carolina, Oklahoma, Oregon, South Carolina and Texas
Minimum credit score
660 for conventional loans
Loan types
Conventional fixed- and adjustable-rate mortgages; conventional and FHA fixed-rate refinances for both cash-out and rate-and-term refinancing
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 28 days
Cons
- Doesn’t offer VA loans
- Doesn’t offer jumbo loans
- Doesn’t offer home equity loans or HELOCs
Find your mortgage match
Get paired with your best mortgage offers in 2 minutes or less.
Sage Mortgage overview
Loan types
- Conventional fixed and adjustable mortgages for home purchases
- Conventional and FHA fixed refinance mortgages for both rate-and-term and cash-out transactions
Lender fees
Depending on the amount of your loan and where you live, fees vary between $995 to $1,050 in certain states and $2,750 to $5,500 in others. Lender requirements have changed continuously as a result of the pandemic, so be sure to consult with your loan officer for the latest fees and costs.
Minimum borrower requirements
For conforming loan amounts between $150,000 and $510,400, 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.
Get started with Sage Mortgage
Borrowers can create an account, run credit, submit an application and upload supporting documents online at SageMortgage.com, all in the same session. If you apply online, a dedicated loan officer will contact you. Your loan officer is available to answer any questions and explain next steps in the process.Hours
Sage Mortgage consumer rating and reviews
75% recommended
Customer Service Rating