Robinhood Expands into Mortgages with Sage Partnership
Robinhood has launched a new mortgage offering exclusively for Robinhood Gold subscribers through a partnership with Sage Home Loans, a modern digital mortgage lender. Eligible subscribers can now access mortgage rates at least 0.75% below the national average.
In addition to competitive rates, subscribers receive a $500 credit toward closing costs for new home purchases or refinancing, powered by Sage Home Loans. This mortgage program was initially piloted during the summer with a select group of subscribers before its full rollout.
While Robinhood's recent focus has been on international expansion—such as Futures trading in the UK and applying for a Dubai DFSA license—the company continues to enhance its product lineup and expand services within the United States.
"Starting today, all eligible Robinhood Gold subscribers can access mortgage rates at what the company claims are at least 0.75% below the national average, along with a $500 credit toward closing costs on new home purchases or refinances, powered by Sage Home Loans."
The introduction of this mortgage product comes amid rising affordability challenges for homebuyers. Refinancing through this offer can help homeowners save considerably over the lifetime of their loans.
Key Benefits for Robinhood Gold Subscribers
- Access to mortgage rates at least 0.75% below the national average
- $500 credit toward closing costs on new purchases or refinances
- Service powered by Sage Home Loans, a modern digital mortgage lender
- Exclusive offer initially tested with a pilot group before broad launch
Author's summary: Robinhood has introduced a mortgage service with Sage Home Loans, offering Gold subscribers competitive rates and closing cost credits to ease affordability challenges in the housing market.