Robinhood, known for democratizing stock trading, now offers discounted mortgage loans to Gold subscribers, partnering with Sage Home Loans. Sage underwrote $750 million in mortgages in 2024, aiming for a simple, digital, and transparent mortgage experience. The service is accessible through Robinhood’s mobile app, expanding the company’s financial offerings.

Sage Home Loans, a leading lender, partners with Robinhood to provide mortgage loans at least 0.75% below the national average. The collaboration aims to make home lending more accessible through technology. With a mobile-friendly website and online application, Sage promises a quick mortgage preapproval process, enabling faster house hunting.

Robinhood, founded in 2013, revolutionized commission-free stock trading and expanded into cryptocurrency. Now, the company ventures into mortgage lending with Sage Home Loans, catering to Gold subscribers. The service offers discounted rates and a $500 credit towards closing costs for purchase or refinance loans.

Sage charges median loan costs of $4,642 and offers below-median interest rates around 6.245%. The mortgage offering is exclusively available to Robinhood Gold members, who pay a $5 monthly fee or $50 annually. Free 30-day trials are offered, but annual Gold subscriptions are required for Sage discounts.

Read more at Yahoo Finance: Robinhood enters the mortgage space with discounted rates and money toward closing costs