Robinhood (NASDAQ: HOOD) has partnered with Sage Home Loans to enable Robinhood users to be able to access mortgage rates that are at least 0.75% below the national average in America
Why it matters:
This is the first time ever that Robinhood has ventured into offering mortgages and real estate lending directly within their platform
Going deeper:
Sage Home Loans is one of the fastest growing companies in the United States who is focused on providing individuals mortgages and real estate financing through a fully digital platform and is licensed in nearly every state in America
Robinhood has been rolling out multiple new products and features to users lately, including their automated investing platform Robinhood Strategies which just recently surpassed $1B USD in assets under management
The fine print:
Only Robinhood Gold members are currently able to access lending products from Sage Home Loans
