Introducing Schwab Bank's lower home loan rates.

Schwab Bank's Investor Advantage (IAP) Pricing offers exclusive mortgage rate discounts for Schwab clients on eligible home loans. As a Schwab investor, you have unique financial goals. With Investor Advantage Pricing, you could save on your monthly mortgage payments, which gives you more freedom to invest. This interest rate discount cannot be combined with any other offers or rate discounts.

Purchase and refinance loans are eligible for an interest rate discount of 0.250% - 0.750% based on qualifying assets of $250,000 or greater. Discounts available for all Adjustable-Rate Mortgage (ARM) loan sizes, and the 15-Year Fixed Rate Jumbo loan.

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 margins for the life of the loan. This offer is not valid on Home Equity Lines of Credit.

Qualifying assets are 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 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.

Clients of Independent Investment Advisors: IRA account balance eligibility is not available for clients of independent investment advisors. Qualifying assets are based on Schwab and Schwab Bank combined non-retirement account balances.

Qualifying assets must be verified 15 days prior to the anticipated closing for an on-time close. If the qualifying assets are deposited with less than 15 days remaining before closing, the closing date may be delayed, and eligibility to receive the interest rate discount may be affected. Clients must apply and lock the interest rate after 08/15/2019 to qualify for the discount offer. The application date will be printed on the Loan Estimate.

Mortgage First is a preapproval program that allows you to get preapproved on your home loan before you start shopping for your new home.

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.

You will complete the credit application and provide your income, asset, and credit documentation for review in order to get preapproved.