Robinhood Expands Into Mortgages Through Sage Partnership
Robinhood has introduced a new mortgage offering exclusively for its Robinhood Gold subscribers, in collaboration with Sage Home Loans, a modern digital mortgage lender. This service provides access to mortgage rates that the company states are at least 0.75% below the national average.
The mortgage option includes a $500 credit toward closing costs for new home purchases or refinances, enabled by Sage Home Loans. The offer was initially tested during the summer with a limited group of subscribers before its full rollout.
Despite recent news focusing on Robinhood’s international expansions—such as launching Futures trading in the UK and seeking a Dubai DFSA license—the company continues to enhance products and services in the United States.
This mortgage launch comes at a time when affordability issues challenge homebuyers, while refinancing offers an opportunity for significant long-term savings on loans.
“All eligible Robinhood Gold subscribers can access mortgage rates at what the company claims are at least 0.75% below the national average.”
Author's summary: Robinhood partners with Sage Home Loans to offer its Gold subscribers competitive mortgage rates and closing cost credits, expanding its product range amid ongoing US growth efforts.