

Enjoy exclusive discounts available through Schwab Bank.
Take advantage of discounts and competitive rates through Schwab Bank's Investor Advantage Pricing.1
Bank Rates
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0.25%interest rate discount
$250k - $999k
in qualifying assets1 -
0.50%interest rate discount
$1M – $4.9M
in qualifying assets1 -
0.75%interest rate discount
$5M – $9.9M
in qualifying assets1 -
1.00%interest rate discount
$10M+ in qualifying assets¹
Featured rates
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With our latest exclusive offer, the more qualifying assets you have with Schwab, the more you may save on home purchase or refinance loans.
Schwab Bank also offers clients a premier home lending experience with award-winning service from our home loans provider Rocket Mortgage – America's Largest Mortgage Lender.4
Throughout the loan process, you'll work side by side with both Schwab Bank and a Rocket Mortgage team solely dedicated to serving Schwab clients.
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Today's featured mortgage rates
The rates shown below do not include Investor Advantage Pricing discounts and are based on a $975,000 loan and 60% LTV for Jumbo and $250,000 loan and 60% LTV for Conforming.2
Jumbo 10 Year ARM Conforming 10 year ARM 4.000%
3.883% APR4.875%
4.481% APRRates as of: 9:02 AM EDT 05/25/2022
See all Rates and more pricing options in the pricing table.
Mortgage First Preapproval
Mortgage First Preapproval
With Mortgage First,3 offered by Schwab Bank's home loan provider Rocket Mortgage, you can become a more competitive buyer with preapproval on your loan. You'll enjoy the benefits—before you even begin to shop for your new home.
or call Rocket Mortgage today at 877-535-4021

Industry Leaders
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Industry Leaders
Experience the benefits of working with Schwab Bank and Rocket Mortgage, America's largest mortgage lender.4
Why did Schwab Bank team with Rocket Mortgage? For award-winning service and industry-leading technology.
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Get Interest Rate Information Quickly
Plan for your mortgage with the Mortgage Rate Calculator. Based on the goals and data you provide, you will see the rate you qualify for. Plus, set alerts to stay up to date on mortgage interest rate changes.
Loan Types
Rates below do not include Investor Advantage Pricing discounts on your home purchase or refinancing loans.
Rates as of:9:02 AM EDT 05/25/2022
Jumbo Loans
Rates below do not include Investor Advantage Pricing discounts and are based on an $975,000 loan and 60% LTV.
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IAP-eligible loanIAP-eligible loan>Loan typeLoan type>Rate (%)Rate (%)>APR (%)APR (%)>Points (%)Points (%)>Rate and payment detailsRate and payment details>
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IAP-eligible loanYes>Loan type5 Year ARM>
Rate (%)3.875%>APR (%)3.739%>Points (%)0>Rate and payment details>-
IAP-eligible loanYes>Loan type7 Year ARM>
Rate (%)4.000%>See more Jumbo Loans
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See more Jumbo Loans IAP-eligible loan Loan type Rate (%) APR (%) Points (%) Rate and payment details Yes 10 Year ARM
4.000% 3.883% 0 Details Yes 5 Year ARM Interest-only payment option4.125% 3.807% 0 Details Yes 7 Year ARM Interest-only payment option4.250% 3.919% 0 Details Yes 10 Year ARM Interest-only payment option4.250% 4.016% 0 Details Yes 15 Year Fixed 4.375% 4.425% 0 Details Yes 30 Year Fixed 4.500% 4.529% 0 Details
Conforming Loans
Rates below do not include Investor Advantage Pricing discounts and are based on a $250,000 loan and 60% LTV.
Conforming Loans-
IAP-eligible loanIAP-eligible loan>Loan typeLoan type>Rate (%)Rate (%)>APR (%)APR (%)>Points (%)Points (%)>Rate and payment detailsRate and payment details>
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IAP-eligible loanYes>Loan type5 Year ARM>
Rate (%)4.375%>APR (%)3.958%>Points (%)0>Rate and payment details>-
IAP-eligible loanYes>Loan type7 Year ARM>
Rate (%)4.750%>See more conforming loans
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See more conforming loans IAP-eligible loan Loan type Rate (%) APR (%) Points (%) Rate and payment details Yes 10 Year ARM
4.875% 4.481% 0 Details Yes 5 Year ARM Interest-only payment option4.625% 4.004% 0 Details Yes 7 Year ARM Interest-only payment option5.000% 4.293% 0 Details Yes 10 Year ARM Interest-only payment option5.125% 4.591% 0 Details No 10 Year Fixed 4.125% 4.795% 2.125 Details No 15 Year Fixed 4.250% 4.678% 1.875 Details No 20 Year Fixed 4.625% 4.982% 2 Details No 25 Year Fixed 4.875% 5.179% 2 Details No 30 Year Fixed 4.875% 5.141% 2 Details
Don't see the answer you need?
Don't see the answer you need?
Call Rocket Mortgage at 877-535-4021Get answers to common questions from homebuyers like you.
Investor Advantage Pricing
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Schwab Bank's Investor Advantage (IAP) Pricing offers exclusive mortgage rate discounts for Schwab clients on eligible home loans. As a Schwab investor, you have unique financial goals. With Investor Advantage Pricing, you could save on your monthly mortgage payments, which gives you more freedom to invest. This interest rate discount cannot be combined with any other offers or rate discounts.
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Select purchase and refinance loans are eligible for an interest rate discount of 0.25% - 1.00% based on qualifying assets of $250,000 or greater.
Discount for ARMs applies to initial fixed-rate period only. This offer is not valid on Home Equity Lines of Credit. -
Qualifying assets1 are based on Schwab brokerage and Schwab Bank combined account balances, including:
a) Brokerage accounts in which the borrower(s) is an owner, trustee or custodian;
b) Traditional, Roth, and Rollover Individual Retirement accounts (IRA)* - individually owned or inherited. (Educational & Custodial IRAs are not eligible);
c) Bank accounts in which the borrower(s) is an owner or trustee: checking & savings;
d) Non-Retirement Business Corporation, LLC, Partnership and Sole Proprietorship accounts may be eligible depending on the borrower's ownership and role. (excludes business retirement accounts such as Simple IRA, SEP IRA & Pension Trust).
*Clients of Independent Investment Advisors: Qualifying assets are based on Schwab and Schwab Bank combined non-retirement account balances. For additional details please visit and log into www.schwaballiance.com.
Mortgage First
Mortgage First
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Mortgage First is a preapproval program that allows you to get preapproved on your home loan before you start shopping for your new home.
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By providing documentation up front and getting preapproved, you will have confidence while shopping for your house knowing that you've already been preapproved for financing. Additionally, being preapproved up front can give you a competitive advantage in the market.
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You will need to complete the credit application and provide your income, asset, and credit documentation for review in order to get preapproved.
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