Enjoy exclusive discounts available through Schwab Bank.
Enjoy exclusive discounts available through Schwab Bank.

Enjoy exclusive discounts available through Schwab Bank.

Take advantage of discounts and competitive rates through Schwab Bank's Investor Advantage Pricing.1

 

Rocket Mortgage

Bank Rates

  • 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

  • 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.

  • 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% APR    		 4.875%
    4.481% APR

    Rates 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

Mortgage Rates

Industry Leaders

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.

Jumbo Loans
  • IAP-eligible loan
    IAP-eligible loan
  • Loan type
    Loan type
  • Rate (%)
    Rate (%)
  • APR (%)
    APR (%)
  • Points (%)
    Points (%)
  • Rate and payment details
    Rate and payment details
  • IAP-eligible loan
    Yes
  • Loan type
    5 Year ARM 
  • Rate (%)
    3.875%
  • APR (%)
    3.739%
  • Points (%)
    0
  • Rate and payment details
    Details
  • IAP-eligible loan
    Yes
  • Loan type
    7 Year ARM 
  • Rate (%)
    4.000%
  • APR (%)
    3.828%
  • Points (%)
    0
  • Rate and payment details
    Details

See more Jumbo Loans

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 option
 4.125% 3.807% 0 Details
Yes 7 Year ARM 
Interest-only payment option
 4.250% 3.919% 0 Details
Yes 10 Year ARM 
Interest-only payment option
 4.250% 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 loan
    IAP-eligible loan
  • Loan type
    Loan type
  • Rate (%)
    Rate (%)
  • APR (%)
    APR (%)
  • Points (%)
    Points (%)
  • Rate and payment details
    Rate and payment details
  • IAP-eligible loan
    Yes
  • Loan type
    5 Year ARM 
  • Rate (%)
    4.375%
  • APR (%)
    3.958%
  • Points (%)
    0
  • Rate and payment details
    Details
  • IAP-eligible loan
    Yes
  • Loan type
    7 Year ARM 
  • Rate (%)
    4.750%
  • APR (%)
    4.231%
  • Points (%)
    0
  • Rate and payment details
    Details

See more conforming loans

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 option
 4.625% 4.004% 0 Details
Yes 7 Year ARM 
Interest-only payment option
 5.000% 4.293% 0 Details
Yes 10 Year ARM 
Interest-only payment option
 5.125% 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
Rocket Mortgage

Don't see the answer you need?

Don't see the answer you need?
Call Rocket Mortgage at 877-535-4021 

Get answers to common questions from homebuyers like you.

Investor Advantage Pricing

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.

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

Mortgage First is a preapproval program that allows you to get preapproved on your home loan before you start shopping for your new home.

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.

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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