Robinhood Expands Into Mortgages Through Sage Partnership
Robinhood has launched a new mortgage offering exclusively for its Robinhood Gold subscribers, in partnership with Sage Home Loans, a modern digital mortgage lender. This service provides eligible users access to mortgage rates claimed to be at least 0.75% below the national average.
In addition to competitive rates, subscribers can receive a $500 credit toward closing costs for new home purchases or refinancing. This initiative follows a pilot program conducted over the summer with a limited user base.
"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."
While Robinhood’s recent focus has been on expanding internationally—adding Futures trading in the UK and applying for a Dubai DFSA license—it continues to broaden its product lineup and network within the United States.
This mortgage offer arrives as buyer affordability remains a challenge, and refinancing options provide homeowners the opportunity to save significantly over their loan terms.
Summary
Robinhood has partnered with Sage Home Loans to offer its Gold subscribers exclusive mortgage rates below the national average, including a $500 closing cost credit, enhancing its US financial product offerings.