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Home Loans – Provided by Quicken Loans®

Discover why two industry leaders came together.

Home Loans – Provided by Quicken Loans

Schwab Bank joined forces with Quicken Loans to provide you with even more of the industry-leading service, technology, and support you’ve come to expect. Watch the video below to learn more.

For more than 40 years Charles Schwab has focused on putting clients first.

That’s why Schwab Bank joined forces with Quicken Loans in 2012 to provide you with home lending options from the nation’s #1 online private mortgage lender.

For eight years in a row now, J.D. Power has ranked Quicken Loans highest in the nation in customer satisfaction for Primary Mortgage Origination. And for the fourth year in a row, they also ranked us highest in the nation for Mortgage Servicing.

We believe Quicken’s dedication, commitment, and best-in-class service makes them a natural fit for Schwab Bank clients.

Throughout the loan process, you’ll work with both Schwab Bank and Quicken Loans to receive industry-leading technology, the convenience of viewing loan information via your Schwab.com account. Advantaged pricing, and of course, all that J.D. Power award-winning service.

At Schwab Bank, we’re looking out for your best interests.

And with home mortgages from Quicken Loans, you know you’re working with a loan provider that’s as committed to meeting your goals as we are.

Schwab Bank & Quicken Loans...

A perfect match today, so you can Own your tomorrow.

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

This offer is subject to change or withdrawal at any time and without notice. Nothing herein is or should be interpreted as an obligation to lend. Loans are subject to credit and property approval. Other conditions and restrictions may apply. Hazard insurance may be required. Program terms and conditions are subject to change.

Advantaged pricing may be available based upon total assets held at Charles Schwab.

Quicken Loans is the #1 online lender based on the ranking of Quicken Loans in comparison to online residential mortgage lenders included in the Inside Mortgage Finance "Top 50 Mortgage Lenders" report from Q2 2017.

Quicken Loans received the highest numerical score in the proprietary J.D. Power 2010 – 2016 Primary Mortgage Origination studies and the 2014 – 2017 Primary Mortgage Servicer studies. 2017 Origination (or Sales) based on 5,893 total responses and measures the opinions of customers who originated a new mortgage or refinanced within the past 12 months, surveyed in July – August 2017. 2017 Servicing based on 7,374 total responses and measures the opinions of homeowners on their mortgage servicing company, surveyed in March – April 2017. Your experiences may vary. Visit JDPower.com.

Quicken Loans is licensed in all 50 states. Quicken Loans Nationwide Mortgage Licensing System #3030. Restrictions may apply. Equal housing lender. Lending services provided by Quicken Loans, Inc., a subsidiary of Rock Holdings, Inc.

Charles Schwab Bank and Charles Schwab & Co., Inc. are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation. Investment products are offered by Charles Schwab & Co., Inc. (member SIPC). Charles Schwab & Co., Inc. does not solicit, offer, endorse, negotiate, or originate any mortgage loan products and is neither a licensed mortgage broker nor a licensed mortgage lender. Home lending is offered and provided by Quicken Loans, Inc, Equal Housing Lender. NMLS #3030. Quicken Loans, Inc., is not affiliated with The Charles Schwab Corporation, Charles Schwab & Co., Inc., or Charles Schwab Bank. Deposit and other lending products are offered by Charles Schwab Bank, Member FDIC and Equal Housing Lender. Charles Schwab Bank is not acting or registered as a securities broker-dealer or investment advisor.

Copyright 2018. Charles Schwab Bank, PO Box 98260, El Paso, TX 7998-2605

(0118-7C10) ELC101727-00 (03/18)

Mortgage First Preapproval

With Mortgage First,1 offered by Schwab Bank’s home loan provider Quicken Loans, you may become a more competitive buyer with preapproval on your loan. This allows you to shop for your new home with confidence knowing you are preapproved.

Get Started Online or Call 877-535-4021

Looking to buy a home?

Receive Investor Advantage Pricing discounted interest rates from Quicken Loans on your home loan.2

Find a home loan solution with Schwab Bank and Quicken Loans >

Interested in refinancing?

You may lower your monthly payments or pay off your loan sooner by refinancing your mortgage with Quicken Loans, home loan provider of Schwab Bank.

Discover refinancing solutions today >

Need a home equity line of credit?

Obtain a competitive-rate home equity line of credit (HELOC)3 with Schwab Bank’s home equity lending program provided by Quicken Loans.

Benefit from your home’s equity with a low APR >
Ready to start the mortgage process?

1. For Mortgage First: The Quicken Loans Mortgage First documentation that was reviewed in evaluating your loan application is valid for 90 days from the date of receipt. It may be necessary to update such documentation during the loan process and this approval is subject to the results of such updates. This approval shall be void if, in the opinion of Quicken Loans, Inc., there is or has been a material change in your financial situation, employment status, credit status, property, or any other information reviewed by us in connection with the mortgage loan application, including but not limited to an increase in the qualifying monthly payment. This approval is subject to lender approval of the property. A satisfactory title report and an appraisal supporting the minimum loan to value ratio for the type of mortgage product selected will be required. Hazard and flood insurance may be required. You may contact Quicken Loans, Inc. to discuss any of these conditions.

Quicken Loans received the highest numerical score in the proprietary J.D. Power 2010 – 2016 Primary Mortgage Origination studies and the 2014 – 2017 Primary Mortgage Servicer studies. 2017 Origination (or Sales) based on 5,893 total responses and measures the opinions of customers who originated a new mortgage or refinanced within the past 12 months, surveyed in July – August 2017. 2017 Servicing based on 7,374 total responses and measures the opinions of homeowners on their mortgage servicing company, surveyed in March – April 2017. Your experiences may vary. Visit JDPower.com.

Quicken Loans is the #1 online lender based on the ranking of Quicken Loans in comparison to online residential mortgage lenders included in the Inside Mortgage Finance “Top 50 Mortgage Lenders” report from Q2 2017.

2. For Schwab Bank Investor Advantage Pricing: Only one discount eligible per loan. Discounts available for all Adjustable-Rate Mortgage (ARM) loan sizes, and selected Jumbo Fixed-Rate loans. Discount for ARMs applies to initial fixed-rate period only with the exception of the 1-month ARM where the discount is applied to the margin. Eligible balance based on Schwab and Schwab Bank combined account balances, including the following retirement account types: Traditional, Roth, Rollover, and Inherited IRAs. Clients that utilize an eligible IRA account balance to qualify for certain discounts may qualify for one special IRA benefits package per loan. This includes: a $200 bonus award into your Schwab IRA account with the largest balance, and an in-depth personal financial plan analysis to include a detailed review of your IRA(s) by a Certified Financial Planner. This information does not constitute and is not intended to be a substitute for specific individualized tax, legal, or investment planning advice.

Where specific advice is necessary or appropriate, Schwab Bank recommends consultation with a qualified tax advisor, CPA, financial planner, or investment manager.

IRA account balance eligibility and the IRA benefit package is not available for clients of independent investment advisors. Details for the discount program available for these clients can be found by visiting www.schwab.com/advisors.

Eligible balance must be verified 15 days prior to your anticipated closing for an on-time close. If you deposit your eligible assets with less than 15 days remaining before closing, your closing date may be delayed and your eligibility to receive the promotional rate may be affected.

3. Home equity lines have a 10-year draw period followed by a 20-year repayment period. During the draw period, you will be required to make monthly payments of accrued interest. Payments will increase if rates increase. At the end of the draw period, your required monthly payments will increase because you will be paying both principal and interest. You may not use this home equity line as a bridge loan, for commercial purposes, to invest in securities, or to repay a margin loan.

HELOC Terms: As of 6/14/18 the annual percentage rate (APR) for a primary residence HELOC opened simultaneously with your first mortgage loan – also known as piggyback loan - is 4.75%. Rates vary for second homes, vacation homes, or HELOCs opened as standalone accounts. The APR on your home equity line of credit is variable based upon the Wall Street Journal Prime Rate plus a margin. The maximum APR that can apply is 18% or the maximum amount permitted by state law, whichever is less. The minimum credit line amount is $50,000 or the minimum amount permitted by state law, whichever is less. The maximum credit line is $1,000,000. Additional terms and conditions apply.

HELOC Fees: The estimated fees you may pay on the amount drawn from your line ranges from $0 - $29 for every $1,000, and will vary based on the location of the property. The amounts provided are estimates and are not a substitute for initial disclosures of closing costs that you will receive once you apply for a loan with Quicken Loans. Proof of proper and adequate insurance may be required prior to closing. You are responsible for paying any state, county, or local taxes imposed on a home mortgage transaction.

5. Interest-only mortgages have an initial interest-only payment period followed by a fully amortizing payment period. After the interest-only period ends, your monthly payments will increase because you will be paying both principal and interest. Interest-only mortgages include additional risks you should consider. For more information about these risks, please contact a home loan specialist. 

Home lending is offered and provided by Quicken Loans, Inc., Equal Housing Lender. Quicken Loans, Inc. is not affiliated with The Charles Schwab Corporation, Charles Schwab & Co., Inc., or Charles Schwab Bank. Quicken Loans is licensed in all 50 states. Quicken Loans, Nationwide Mortgage Licensing System #3030. Restrictions may apply. Equal Housing Lender. Lending services provided by Quicken Loans, Inc., a subsidiary of Rock Holdings, Inc.

Charles Schwab Bank and Charles Schwab & Co., Inc., are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation. Investment products are offered by Charles Schwab & Co., Inc. (Member SIPC). Deposit and lending products are offered by Charles Schwab Bank, Member FDIC and an Equal Housing Lender.