

Take the first step toward your new home.
Enjoy exclusive discounts available through Schwab Bank.
Take advantage of discounts on competitive rates through Schwab Bank's Investor Advantage Pricing.1
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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.3
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 4.250%
4.231% APR5.125%
4.832% APRRates as of: 9:37 AM EDT 07/01/2022
See all Rates and more pricing options in the pricing table.
Title
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.
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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.
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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.
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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

Industry Leaders
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Industry Leaders
Experience the benefits of working with Schwab Bank and Rocket Mortgage, America's largest mortgage lender.³
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.
Find a home loan that's right for you.
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 2: Application
You apply.
With your permission, your Rocket Mortgage Home Loan Expert will pull your credit score.

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 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 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.

Frequently asked mortgage purchase questions
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Yes, as long as you meet the criteria for the new loan amount or new program you've selected.
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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
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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.
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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.
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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
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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.
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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.
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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.