

As your financial needs change, your mortgage can too.
Enjoy exclusive discounts available through Schwab Bank.
Take advantage of discounts and 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.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%
4.309% APR5.000%
4.980% APRRates as of: 3:56 PM EDT 08/05/2022
See all Rates and more pricing options in the pricing table.
With Schwab Bank's home lending program provided by Rocket Mortgage, you can choose to refinance your home mortgage when looking to lower your monthly payments or pay off your loan sooner.
With Schwab Bank's home lending program provided by Rocket Mortgage, you can choose to refinance your home mortgage when looking to lower your monthly payments or pay off your loan sooner.
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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.
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.
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.


Don't see the answer you need?
Call Rocket Mortgage at 877-535-4021
Frequently asked mortgage refinancing questions
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It depends on your situation, including your current interest rate and how long you intend to stay in your house. Based upon proprietary studies at Schwab Center for Financial Research, refinancing may make sense if you can lower your interest rate by at least half a percent. Reducing your rate in this fashion could increase your monthly cash flow, as you may pay less in interest. If your goal is to shorten the length of your mortgage, your monthly payments could increase. However, you could generally save a considerable amount of interest over the life of the loan.
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Yes. Many people borrow against the equity in their home. This could be a way to increase your cash reserves. However, we strongly recommend that you consult first with your financial planner, accountant, or other financial professional before you decide to move forward with this option.
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Just like when you got your original loan to purchase the home, you'll have closing costs associated with refinancing, such as origination or appraisal, processing, and title company fees. You may have the option of rolling these costs into the loan amount to reduce the amount you pay out of pocket.
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As a Schwab client, you may be eligible for the Investor Advantage Pricing (IAP) program as well as a variety of mortgage products aimed at meeting your specific needs. IAP provides Schwab clients with a mortgage rate discount based on your eligible assets held at Schwab.
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If you qualify, generally you can use up to 80% of the appraised value of your home to make home improvements. The equity you can use is based on the value of your home and how much you currently owe and is subject to applicable state laws.