Core Insights - Robinhood is expanding its services by offering discounted mortgage loans to its Gold subscribers, in partnership with Sage Home Loans [1][5] - The mortgage rates provided by Sage are at least 0.75% below the national average, along with a $500 credit towards closing costs for borrowers [2][6] Company Overview - Robinhood, founded in 2013, revolutionized stock trading by offering commission-free transactions and has since expanded into cryptocurrency and fractional share trading [4] - The new mortgage lending initiative aligns with Robinhood's mission to democratize finance, particularly for its annual Gold subscribers [5] Partnership Details - Sage Home Loans, which underwrites over $750 million in mortgages in 2024, is collaborating with Robinhood to provide a streamlined, digital mortgage experience [2][3] - Sage offers a mobile-friendly platform with a quick mortgage preapproval process, promising a preapproval letter in just four minutes [6] Target Audience - The mortgage offering is exclusively available to Robinhood Gold members, who pay a monthly fee of $5 or an annual fee of $50, with discounts contingent on having an annual subscription [7]