Robinhood Expands Into Mortgages with Sage Partnership
Robinhood has launched a new mortgage offering exclusively for its Robinhood Gold subscribers through a partnership with Sage Home Loans, a digital mortgage lender. The program promises mortgage rates at least 0.75% below the national average, along with a $500 credit toward closing costs for new home purchases or refinances.
Program Details
- Available to all eligible Robinhood Gold subscribers.
- Mortgage rates claimed to be at least 0.75% below the national average.
- $500 credit applied toward closing costs on new home purchases or refinancing.
- Powered by Sage Home Loans.
Background and Context
While recent news around Robinhood [finance:Robinhood Markets, Inc.] has focused on its international expansion—such as Futures trading in the UK and applying for a Dubai DFSA license—the company continues to grow its product offerings in the U.S. market.
The exclusive mortgage offer was piloted over the summer to a select group of Robinhood Gold subscribers.
The broader rollout arrives amid growing concerns over housing affordability and the potential for refinancing to provide long-term savings to homeowners.
Summary
This mortgage initiative broadens Robinhood’s service ecosystem, aiming to help U.S. homeowners with competitively priced mortgage solutions in a challenging market environment.
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