Sage Mortgage Review 2021

Written by
Erik J. Martin
Edited By

At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict , this post may contain references to products from our partners. Here’s an explanation for

At a glance

Visit Sage Mortgage website

NMLS: 1374724

4.3

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Bankrate Score

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Loans offered

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

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

660 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 29 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 broker that 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 broker 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 broker can help you secure a preapproval in one to two days, and the typical closing takes 29 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 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 fees can range 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 contacting your loan officer directly.

Reputation

Sage Mortgage (Forward Mortgage Lending) has a C+ rating with the Better Business Bureau, and is not accredited by the organization.

Online services

Borrowers benefit from Sage Mortgage’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. 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. The broker’s website has limited features, however.

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. 

Refinancing with Sage Mortgage 

Borrowers looking to refinance their existing mortgage can get competitive rates through Sage, 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 what 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: 14.75/15
  • Availability: 12/15
  • Borrower experience: 8/10 

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.

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Sage Mortgage consumer reviews

4.8

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197 reviews

5 stars
4 stars
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183
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6

Customer service rating

Knowledge
4.9
Level of service
4.8
Professionalism
4.9
Responsiveness
4.8

96% of reviews would recommend this lender

10 of 10 rates honored

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Write a review of your experience with Sage Mortgage.

10 of 189 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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Professional and Competitive!

Reed | Winston-Salem, NC | 11/19/2020

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Responsive and Smooth

TXrefi | TX | 11/21/2020

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Better than expected!

Jonathon | North Carolina | 12/1/2020

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Wonderful Experience

Susan S. | FL | 12/1/2020

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Smoother Than Expected

Steven | CO | 12/1/2020

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Consummate Professionals

Deanne | FL | 12/2/2020

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Great Customer Service!

Jacob | OR | 12/7/2020

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Refinance

Tim Combs | Saint Augustine, Fl. | 12/8/2020

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Sage has earned by business going forward

Eugenio | Irving, TX | 12/8/2020

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Great Choice

Joel | OR | 12/23/2020