Take the first step toward your new home.
Take the first step toward your new home.

Take the first step toward your new home.


Rocket Mortgage Logo

Enjoy exclusive discounts available through Schwab Bank.

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

  • 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.

  • Today's featured mortgage rates


Whether you're buying a home for the first time, moving to a larger space, or purchasing a vacation home or investment property, Schwab Bank & Rocket Mortgage will help you find a home loan tailored to your needs.

  • Service


    For 8 years in a row now, J.D. Power has ranked Rocket Mortgage highest in customer satisfaction for Mortgage Servicing.

    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.

  • Convenience


    Closing may take place at your home, your office, or another preferred location, and you can sign and submit most disclosures and supporting documents electronically.

    With electronic documents, you'll reduce paperwork by signing forms online and from your home, and you'll save time by eliminating the scanning and mailing of forms.

  • Value


    As a Schwab client, you have access to competitive interest rates for home loans on a variety of loan types.

    Plus, you may be eligible for additional discounts based on your combined assets with Schwab.

Mortgage First Preapproval

Mortgage First Preapproval

With Mortgage First,5 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 First Preapproval

Industry Leaders

Find a home loan that's right for you.

  • Fixed-Rate Loan

    Fixed-Rate Loan

    • You want a stable monthly payment for the life of the loan.
    • You are uncomfortable with interest rates rising significantly over the next few years.
    • You are purchasing a home you plan to stay in for a long time.
  • Adjustable-Rate Loan

    Adjustable-Rate Loan

    • You want to lower your initial monthly payments.
    • You plan to sell or refinance your home within the initial fixed-rate period.
    • You expect your income to increase in the future.
    • You don't anticipate interest rates to increase significantly in the future.


    Note: Your interest rate and monthly payments may increase after the initial fixed-rate period ends.

  • Interest-Only Loan

    Interest-Only Loan

    • You have plans to sell the property within a short period.
    • If you anticipate the ability to make a large principal reduction within the next few years of the loan, an interest-only loan may be a good option.
    • Interest-only loans6 may be a good fit for your needs if you have irregular income such as investments and commissions, whereas if you have steady income levels your needs may be better satisfied with principal and interest payment loans.
    • After the initial interest-only period, your monthly payments will rise.

How the home loan process works in five steps


Step 1: Your Needs and Goals

Talk to us about your goals.

You'll talk with either your Financial Consultant or a Rocket Mortgage Home Loan Expert about your home financing needs and your goals. They will answer any mortgage questions you may have.

Step 1: Your Needs and Goals

Step 2: Application

You apply.

With your permission, your Rocket Mortgage Home Loan Expert will pull your credit score.

Step 2: Application

Step 3: Sign Your Documents

You provide the requested documents.

Once you're ready to proceed, Rocket Mortgage will help you create an online account to upload and electronically sign your documents.

Step 3: Sign Your Documents

Step 4: Verification

Rocket Mortgage underwrites your loan.

Rocket Mortgage will verify the information you provided and order an appraisal of the property if you are approved.

Step 4: Verification

Step 5: Home Loan Closing

Before you know it, your loan is closing.

When everything is ready, Rocket Mortgage will schedule your home loan closing at a location that's convenient for you.

Step 5: Home Loan Closing

Frequently asked mortgage purchase questions

Yes, as long as you meet the criteria for the new loan amount or new program you've selected.

Following are some of the more commonly requested documents. This list is not all-inclusive.

  • When applicable, a fully executed agreement of sale for the property being purchased
  • Financial statements for bank and brokerage accounts
  • Closing disclosures on the property you're selling
  • Your most recent pay stubs, if applicable
  • Previous W2s
  • A copy of a rental lease, if applicable
  • Homeowner's insurance policy declarations page
  • Flood insurance policy, if applicable

Typically, the borrower pays for closing costs such as appraisal, inspection, and title company fees. Once the application is submitted, the borrower receives a loan estimate that includes all fees associated with the transaction.

Rocket Mortgage is the home loan provider for Schwab Bank. We work with Rocket Mortgage to offer mortgage products for our clients. Rocket Mortgage is an industry leader in client service and technology. Rocket Mortgage has a dedicated team of experts specifically serving Schwab clients to ensure an outstanding level of service.

Yes. With the Rocket Mortgage Mortgage First program, you can apply for a preapproval that allows you to become a more competitive buyer before you start shopping for your new home.

Mortgage First by Rocket Mortgage

Mortgage First is a preapproval program that may allow 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'll have confidence while shopping for your house knowing that you've already been preapproved for financing. Additionally, being preapproved upfront can give you a competitive advantage in the market.

Schwab Bank and Rocket Mortgage will assist you with completing the credit application, and you'll need to provide your income, asset, and credit documentation for review in order to be eligible for pre-approval.

Want more info on today's rates?