At a Glance

Sage Home Loans Corporation is a digital-first mortgage lender that serves customers in all 50 states except New York. It offers various home purchase and refinance loans, including conventional, jumbo, FHA, and VA options. You can complete the application process entirely online, and a dedicated loan officer will guide you and answer any questions. Sage is also known for its fast closing times, with most loans closing within 4 weeks.

Key Figures

• Loan Types: Purchase, Refinance
• Loan Products: Conventional, FHA, VA, Jumbo, Refinance
• Minimum Credit Score: 620 for conventional loans, 580 for FHA loans
• Repayment Terms: 15-30 years

Pros and Cons

Sage Home Loans Corporation operates in all 50 states except New York. The application process is completely online, so you can apply anywhere and anytime. Sage assigns each customer a dedicated loan officer who provides personalized support every step of the way. Most of its mortgages close within 27 days, faster than the industry average of 30-45 days.

While Sage’s fully online application offers excellent convenience, its lack of physical branches may be a drawback for those who value or prefer in-person interactions. Additionally, the company’s website provides limited transparency regarding loan offerings. Borrowers may need to contact Sage Home Loans Corporation directly or consult third-party sources for more detailed information about available products and features.

How it Works

Here are the stages of Sage’s fully online mortgage application process:

Pre-qualification

Head to Sage Home Loans Corporation’s website and complete a short form to start the pre-qualification process. It only takes a few minutes and requires basic personal, financial, and loan-related information. Sage uses a soft credit check at this stage, so your credit score won’t be impacted.

Formal application

After your offer is accepted or you’re under contract, revisit Sage’s website to submit your official home loan application. This step involves providing detailed financial information and documents like ID, a signed purchase contract, proof of income, and recent bank statements. You’ll also need to authorize Sage to conduct a hard credit inquiry. A dedicated loan officer will be available to assist and answer any questions.

Underwriting and appraisal

After submitting your application, Sage will begin the underwriting process. This involves reviewing your financial details to ensure everything aligns with the loan you’re applying for. Your loan officer will keep you informed throughout this stage. Additionally, Sage will order an appraisal of the property to determine its market value, which is a crucial part of the loan approval process.

Loan approval and closing

Once your application clears underwriting and the appraisal is complete, Sage will provide a final loan approval. You’ll then receive your formal loan offer and terms for review. If you agree, you'll move on to the closing process and sign the final documents. After everything is signed, Sage will disburse funds, and you’ll officially be a homeowner.

Types of Loans

Sage Home Loans Corporation offers various loan options, including:

• Conventional loans: These are a popular choice due to their flexibility. Conventional loans offer a wider range of terms, limits, and options than other loan types. With Sage, you can get a conventional loan with a down payment of as low as 3%. However, if your down payment is less than 20%, you must obtain private mortgage insurance (PMI).
• Jumbo loans: These are for borrowers looking to purchase homes that exceed the conforming limits of conventional loans ($806,500 for 2025). They typically require a stronger credit score (700 or higher) and a larger minimum down payment (20%).
• FHA loans: These are insured by the Federal Housing Administration (FHA) and usually require a lower credit score (typically 580) than conventional loans. The minimum down payment requirement for FHA loans is 3.5%.
• VA loans: These are available to veterans, active-duty service members, and eligible surviving spouses. One of their standout features is that they don’t require a down payment.
• Refinancing options: Refinancing allows you to replace your current mortgage with a new one that better fits your financial goals. You can opt for rate and term refinancing (which allows you to lower your current interest rate, shorten your loan term, or both) or cash-out refinancing, which lets you borrow more than you currently owe on your existing mortgage and receive the difference in cash. You can use the extra funds for various purposes, such as home improvements or debt consolidation.

Loan Features

• Low down payment options: Sage makes homeownership more attainable with programs that allow for low down payments. For example, VA loans offer the possibility of a 0% down payment, while some conventional loans require just 3%. These options are particularly beneficial for buyers with limited savings.
• Borrowers digital portal: The company offers a user-friendly online platform where you can track your application progress, upload documents, and communicate with your loan officer.
• Competitive rates: Sage aims to provide competitive interest rates to help you secure the best possible deal on your home loan.
• Fast closing times: The company also prides itself on quick processing, with many loans closing in as little as 4 weeks.
• Rate lock-in: To protect borrowers from fluctuating interest rates, Sage allows rate locks ranging from 15 to 60 days.

Rates and Terms

Sage Home Loans Corporation offers fixed and adjustable rate mortgages (ARMs) with repayment terms of 15, 20, and 30 years. Check current rates for some loan options by clicking “Today’s Rates” on Sage’s website, or get a personalized quote by selecting “Get a Custom Quote” and submitting your information. Factors like your credit score, the loan amount, and the property type will influence your final rate.

Summary

Sage Home Loans Corporation is a rising digital lender that simplifies the mortgage process. The company, whose services are available nationwide, offers purchase and refinance loans with flexible repayment terms of 15-30 years.

With Sage, you can complete the entire mortgage application online. You’ll have a dedicated loan officer to guide you through each step during the process, too. Notably, Sage Home Loans Corporation boasts one of the industry’s fastest mortgage closing times, with many loans closing in just 27 days.

Contact Sage Home Loans Corporation

You can easily reach Sage Home Loans Corporation via email or phone if you need assistance.

• Email: hello@sagehomeloans.com
• Phone: 888-860-3004 (Monday-Friday, 9am-5pm ET).

Sage Home Loans Corporation is accredited by the Better Business Bureau (BBB) and holds an impressive A+ rating on the platform. As of December 2024, the company has no reviews on Trustpilot.