Robinhood has expanded its product offerings domestically by launching a new mortgage option exclusively for Robinhood Gold subscribers. This comes alongside the company’s ongoing international growth efforts, including Futures trading in the UK and applying for a Dubai DFSA license.
Through an exclusive partnership with Sage Home Loans, a digital mortgage lender, eligible Robinhood Gold members can now access mortgage rates claimed to be at least 0.75% lower than the national average. Additionally, the offer includes a $500 credit toward closing costs on new home purchases or refinances.
The mortgage program was initially tested over the summer with a limited group of Robinhood Gold subscribers. The full rollout coincides with a challenging market environment where affordability is a concern for buyers, and refinancing can provide substantial lifetime savings for homeowners.
"All eligible Robinhood Gold subscribers can access mortgage rates at what the company claims are at least 0.75% below the national average."
"The exclusive mortgage offer was first piloted over the summer to a small group of Robinhood Gold subscribers."
The collaboration highlights Robinhood's strategy to deepen its financial services beyond trading by entering the mortgage sector with a competitive edge.
Summary: Robinhood now offers exclusive mortgage rates below the national average to its Gold subscribers, enhancing its financial products through a partnership with Sage Home Loans.