Sage Home Loans Reviews

Sage Home Loans publishes its daily starting rates and annual percentage rates (APRs). These rates change often, so consider them estimates until you submit your application.

Your rate might be higher than current mortgage rates because the lowest rates are reserved for the most ideal borrowers: those with excellent credit scores, low debt burdens and large down payments. Lowering your debt obligations before applying for a home loan or refinance can increase your credit score and help you secure a lower interest rate.

Start your new purchase or refinance application online or by scheduling a call with Sage Home Loans — both options are available. You can receive a prequalification letter in as little as three minutes. As you move forward with the mortgage process, all documents can be uploaded digitally through the borrower portal, where you can message your dedicated loan officer and track your progress.

Sage Home Loans offers both purchase and refinance loans.

The company offers a standard loan application for all homebuyers and is a good fit for individuals who want a conventional loan. However, the selection is limited. The company doesn’t offer government-backed options, such as Federal Housing Administration (FHA) or Department of Veterans Affairs (VA) loans, which typically allow lower credit scores and smaller down payments.

Refinancing

Sage also offers traditional refinance and cash-out refinance loans. When shopping for a refinance loan, it’s important to look beyond just the interest rate. Pay attention to fees and whether you’ll need to pay them upfront or roll them into your loan. Sage Home Loans lets you finance these fees as part of your new loan and claims its refinance process is 30% faster than the industry average.

Sage does not list its borrower requirements online, and you’ll need to contact the company to see if you qualify.

Before you submit your application, you can select “I’d like to figure out how much house I can afford” on the form. This is a good first step before requesting a prequalification. Knowing how much house you can afford helps you avoid borrowing too much on a home and winding up in a precarious financial situation later.

During the prequalification process, expect to have to show the following:

• A government-issued ID
• Proof of income and employment history
• A list of your bank accounts and assets

National mortgage requirements by type

One of the top overlooked fees when buying a home is the closing costs. Sage Home Loans doesn’t list its closing costs, but you’ll receive estimates after applying. Some common closing costs include:

• Appraisal fee
• Inspection cost
• Origination fee
• Title search
• Attorney fee
• Recording fee
• Survey fee
• Additional insurance, such as flood or private mortgage insurance

Sage is currently offering to waive lender fees, such as underwriting and processing, for returning customers (those who’ve previously closed a mortgage with the company). This offer is available for both purchase and refinance transactions.