Home Affordable Refinance

Charles Schwab Bank is offering the "Home Affordable Refinance" program announced by the federal government

Charles Schwab Bank is offering the Home Affordable Refinance Program, which is part of Obama Administration's Making Home Affordable plan, to help homeowners who would otherwise qualify to refinance but cannot because the value of their home has dropped.

To participate in this program, the borrower's current first mortgage must be owned or guaranteed by Fannie Mae or Freddie Mac and meet certain eligibility criteria. Go to and find out if your loan may be eligible.

If Schwab Bank originated the mortgage, Mortgage Services can help you determine if the loan is eligible. Please call us at 877-688-7118, between 8:30 a.m. – 8:30 p.m. ET, Monday – Friday.

If you are ready to apply, call 866-596-6246. Hours of operation are 8:30 a.m. – 9 p.m. ET, Monday – Friday, 8:30 a.m. – 5:30 p.m. ET, Saturday.

Brokerage Products: Not FDIC Insured • No Bank Guarantee • May Lose Value