Robinhood Launches Mortgage Services via Sage Partnership
Robinhood has introduced a new mortgage offering exclusively for its Gold subscribers through a partnership with Sage Home Loans, a digital mortgage lender. This service provides access to mortgage rates at least 0.75% below the national average.
The program, initially tested over the summer with a limited group of Robinhood Gold users, is now fully available. Subscribers also receive a $500 credit toward closing costs for new home purchases or refinancing.
Although Robinhood's recent focus has been on expanding internationally—such as launching Futures trading in the UK and seeking a Dubai DFSA license—the company continues to grow its product lineup domestically.
"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," said Robinhood.
This launch arrives amid ongoing affordability challenges in the housing market, where refinancing options can lead to significant savings over the life of a loan.
Author's summary: Robinhood expands its domestic financial services by offering discounted mortgage rates and closing cost credits to Gold subscribers through its new partnership with Sage Home Loans.