Business Insider's personal finance team compared Sage Mortgage to the down payment assistance or customer discounts.
When you go to Sage Mortgage's website, you'll actually be directed to visit the website for Sage Home Loans, which is the affiliated company you'll apply for a mortgage with. Sage Home Loans was formerly known as Lenox Financial Mortgage Corporation.
Sage Home Loans is owned by Red Ventures, which also owns the personal finance website Bankrate.
620
3%
Conforming, FHA, VA, jumbo
- Easily see sample rates by ZIP code
- Simple online application process
- Get personalized rate quotes without hurting your credit score
- Limited loan offerings
- Online-only lender
- Doesn’t provide much information about its loans online
- Average fees are slightly high
Sage Mortgage offers a convenient online application process. But its loan offerings are somewhat basic, and its average fees are a bit high.
- Minimum credit score and down payment displayed are for conforming mortgages
- Available in all U.S. states except New York
Sage Mortgage Overview
Sage Mortgage is available in all U.S. states except New York.
Loan Options
Purchase Loans
If you're looking to buy a house, you can get the following credit score.
You'll complete your application for Sage Mortgage online, and you can use the lender's platform to easily upload documentation and keep track of action items.
Cons
- Doesn't have home equity options or more niche types of mortgages
- No in-person branches
- Lacks transparency around loan offerings
- Fees are slightly high
If you're looking for a lender that offers a wide array of loan types, including more niche options, Sage Mortgage isn't the right choice for you. Borrowers in search of products like Bank of America Mortgage Review
Sage Mortgage FAQs
What credit score do I need for a Sage Mortgage?
You'll need a credit score of at least 620 to qualify for a conforming loan with Sage Mortgage, or 580 for an FHA loan.
How long does it take to get approved for a Sage Mortgage?
How long it takes to get approved for a loan from Sage Mortgage depends on your individual circumstances and how quickly you're able to provide the required documentation.
Does Sage Mortgage offer any special programs for first-time homebuyers or veterans?
Sage Mortgage offers VA loans, which allow veterans and military members who meet minimum service requirements to get a mortgage with no down payment. Sage Mortgage doesn't advertise any special programs specifically for first-time homebuyers.
Why You Should Trust Us: How We Reviewed Sage Mortgage
For our review of Sage Mortgage, we used Zillow lender page, Sage Mortgage has a 4 out of 5-star rating. However, this rating is only based on 39 customer reviews. Overall, information on what borrowers think about this lender is relatively limited, though what we've seen has generally been positive.
Trustworthiness: 5 out of 5
Sage Mortgage has an A+ rating from the BBB. BBB grades are based on honesty in advertising, transparency about its business practices, and effectiveness in responding to customer complaints.
