Take the first step towards your new home.
Introducing Schwab Bank's lower home loan rates.
Enjoy exclusive new discounts and competitive rates with Schwab Bank's Investor Advantage Pricing.1
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 Quicken Loans – America's Largest Mortgage Lender.4
Throughout the loan process, you'll work side by side with both Schwab Bank and a Quicken Loans team solely dedicated to serving Schwab clients.
Whether you're a first-time homebuyer, moving to a larger space, or purchasing a vacation home or investment property, Schwab Bank & Quicken Loans will help you find a home loan tailored to your needs.
Service
For several consecutive years, J.D. Power has ranked Quicken Loans highest in the nation in customer satisfaction for Primary Mortgage Origination and for Mortgage Servicing.3 Throughout the loan process, you'll work side by side with both Schwab Bank and a Quicken Loans team solely dedicated to serving Schwab clients.
Convenience
Closing may take place at your home, your office, or another preferred location, plus you may sign and submit most disclosures and supporting documentation electronically. With electronic documentations, you'll reduce paperwork by signing forms online and from your home, not to mention 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
With Mortgage First4, offered by Schwab Bank's home loan provider Quicken Loans, you may 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.
Get Started Online or Call Quicken Loans at 877-535-4021Industry Leaders
Experience the benefits of working with Schwab Bank and "Quicken Loans, America's largest mortgage lender."5
Why did Schwab Bank team with Quicken Loans? For award-winning service and industry-leading technology.
Watch our video to find out more >
Mortgage Rate Calculator
Begin to plan for your mortgage with the mortgage rate calculator. Based on your specific situation, you will see the rate you may qualify for. Your calculations will be tailored to the goals and data you provide.
Get a customized mortgage rate quote >Find a home loan that's right for you.
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
- 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
- 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 5 steps:
Talk to us about your goals
You'll talk with either your Financial Consultant or a Quicken Loans Home Loan Expert about your home financing needs and your goals. They will answer any mortgage questions you may have.
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 which includes all fees associated with the transaction.
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Quicken Loans is the home loan provider for Charles Schwab Bank. We work with Quicken Loans to offer mortgage products for our clients. Quicken is an industry leader in client service and technology. Quicken Loans has a dedicated team of experts specifically serving Schwab clients to ensure an outstanding level of service.
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Yes. With Quicken Loans Mortgage First program, you can apply for a preapproval that allows you to be a more competitive buyer before you start shopping for your new home.
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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 upfront and getting preapproved, you will 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 Quicken Loans will assist you with completing the credit application and you will need to provide your income, asset, and credit documentation for review in order to be eligible for pre-approval.
Don't see the answer you need?
Call Quicken Loans877-535-4021
Want more info on today's rates?
View today's featured mortgage rates and see which loan types qualify for Investor Advantage Pricing.1
Visit the Rates page to see exclusive discounts >Interested in refinancing?
Lower your monthly payments, or pay off your loan sooner, by refinancing your mortgage with Schwab Bank and Quicken Loans.
Discover refinancing solutions >Need a home equity line of credit?
Obtain a competitive-rate home equity line of credit (HELOC)7 with Schwab Bank's home equity lending program, provided by Quicken Loans.
Benefit from your home's equity with a low APR >