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TODAY’S MORTGAGE RATES

Get exclusive mortgage rate discounts as a Schwab client.

Equal Housing Lender Home Loans – Provided by Quicken Loans®

Save 0.250% on new eligible home loans with Investor Advantage Pricing.1

Investor Advantage Pricing

As a Schwab client, you have unique financial goals. With Investor Advantage Pricing, you may save more on your monthly payments, which could give you more freedom to invest.

All Adjustable-Rate Mortgages and the 15-Year Fixed-Rate Jumbo Loan are eligible for Investor Advantage Pricing.

Today’s featured mortgage rates

The rates shown below do not include Investor Advantage Pricing discounts and are based on a $750,000 loan and 60% LTV.2

5/1 Jumbo ARM

3.75%

4.729% APR

15-year Jumbo Fixed

4.0%

4.055% APR

Rates as of: 12:59 PM EST  01/18/2019
See All Rates for More Loan Options and Details >

Mortgage First Preapproval

With Mortgage First3, you may receive closing cost discounts up to $750. This preapproval program could also give you an edge in getting the home you really want over other homebuyers who aren’t preapproved.

Get Started Online or Call 877-535-4021

Industry Leaders

Experience the benefits of working with Schwab Bank and Quicken Loans, the nation’s #1 online mortgage provider.4

“Overwhelmingly pleasant experience working with Schwab Bank and Quicken Loans”
—Chaz 3/2/20175

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 >

Insights

Fixed vs. Adjustable-Rate Mortgages > The Rise of Jumbo Loans > Fixed-Rate Mortgage vs. ARM: How Do They Compare? > Can You Use IRA Assets to Purchase a Retirement Home? Should You? > Homeownership: 4 Things to Know About Renting vs. Buying >

Loan Types

Rates below do not include Investor Advantage Pricing discounts on your home purchase or refinancing loans.

Rates as of 12:59 PM EST  01/18/2019

Jumbo Loans

Rates below do not include Investor Advantage Pricing discounts and are based on a $750,000 loan and 60% LTV. The interest rate discount for the 15-Year Fixed-Rate Jumbo Loan is reflected in the rates below.

Jumbo Loans
IAP-eligible loan Loan type Rate (%) APR (%) Points (%) Rate and payment details
Checked 5/1 ARM 3.75 4.729 0.0 Details
Checked 7/1 ARM 3.8 4.583 0.0 Details
Checked 10/1 ARM 4.15 4.592 0.0 Details
Checked 5/1 ARM
 Interest-only payment option		 4.0 4.857 0.0 Details
Checked 7/1 ARM
 Interest-only payment option		 4.05 4.741 0.0 Details
 Checked 15-Yr. Fixed 4.0 4.055 0.0  Details

Conforming Loans

Rates below do not include Investor Advantage Pricing discounts and are based on a $250,000 loan and 60% LTV.

Conforming Loans
IAP-eligible loan Loan type Rate (%) APR (%) Points (%) Rate and payment details
Checked 5/1 ARM 4.0 4.855 0.0 Details
Checked 7/1 ARM 4.05 4.736 0.0 Details
Checked 10/1 ARM 4.3 4.719 0.0 Details
Checked 5/1 ARM
Interest-only payment option		 4.25 4.971 0.0 Details
Checked 7/1 ARM
Interest-only payment option		 4.3 4.881 0.0 Details
  10-Yr. Fixed

 4.75

 4.957

 -0.125

  Details
  15-Yr. Fixed

 4.625

 4.768

 0.0

  <Details
  20-Yr. Fixed

 4.75

 4.863

 0.0

  Details
  25-Yr. Fixed

 4.99

 5.087

 -0.125

  Details
  30-Yr. Fixed

 4.99

 5.075

   0.0

  Details

Get answers to common questions from homebuyers like you.

Investor Advantage Pricing

  • Investor Advantage (IAP) Pricing offers exclusive mortgage rate discounts for Schwab clients on eligible home loans. The IAP program is offered on all Adjustable-Rate Mortgage products and the 15-Year Fixed-Rate Jumbo Loan. As a Schwab investor, you have unique financial goals. With Investor Advantage Pricing, you could save on your monthly payments, which gives you more freedom to invest.

  • Please click the following link to see the available discounts. For clients of independent investment advisors click here.

  • Non-retirement accounts along with the following IRA accounts - Traditional, Roth, Rollover, and Inherited IRAs. IRA account balance eligibility 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.

Mortgage First

  • 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.

For further details, please download the Mortgage First FAQs sheet.

Don’t see the answer you need?

877-535-4021

Looking to buy a home?

Receive Investor Advantage Pricing discounted interest rates from Quicken Loans on your home loan.1

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)6 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?
Get Started
Call 877-535-4021

Mon.-Fri., 8 a.m. – 9 p.m. ET;
Sat. 8 a.m. – 4 p.m. ET

In order to participate, the borrower must agree that the lender, Quicken Loans, may share their information with Charles Schwab Bank.

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. Program terms and conditions are subject to change.

1. For Schwab Bank Investor Advantage Pricing: Only one Investor Advantage Pricing 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.

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.

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

2. The rates and APR shown are based on a purchase loan of an owner occupied, single family residence, for our best-qualified customers. Your individual rate may vary.

Interest Rates, APRs, and Monthly Payment calculations are based on the following loan amounts and Loan-to-Value (LTV):
Conforming: $250,000, 60% LTV
Jumbo: $750,000, 60% LTV
Rates may be higher or lower for different loan amounts, loan products, property type, credit score, occupancy, Loan-to-Value, and loan purposes.

Current Rates: Due to market fluctuations, interest rates are subject to change at any time and without notice and are subject to credit and property approval based on underwriting guidelines. The rate and APR shown is based on a purchase loan of an owner occupied, single family residence. Your individual rate may vary.

3. The Quicken Loans Mortgage First documentation reviewed in evaluating the mortgage 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 the approval is subject to the results of such updates. The approval shall be void if, in the opinion of Quicken Loans, Inc., there is or has been a material change in the applicant's financial situation, employment status, credit status, property, or any other information reviewed by Quicken Loans in connection with the mortgage loan application, including but not limited to an increase in the qualifying monthly payment. The 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.

The borrower will receive a $500 promotional closing cost credit on Conforming, High Balance Mortgages or a $750 promotional closing cost credit on Jumbo Mortgages upon closing a Mortgage First purchase loan. Closing cost credits are limited to one per loan, depending on loan type. This promotional closing cost credit offer is only available to Mortgage First preapproval program participants who close on a Mortgage First purchase loan offered by Schwab Bank's home lending provider Quicken Loans. The application date must be between April 4th, 2018 and December 31st, 2019 in order to qualify to qualify to receive a closing-cost credit. The application date will be printed on the Loan Estimate. This offer is not valid on home equity lines of credit. The closing-cost credit will appear on the borrower's final Closing Disclosure and is nonrefundable in cash to the borrower.

4. 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.

5. This testimonial excerpt is illustrative in nature and may not be representative of the experiences of clients or services. It does not indicate future performance. The individual submitting this testimonial was not paid nor rewarded in any way. For more information regarding this testimonial please (provide contact method).

6. 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.

HELOC Terms: As of the annual percentage rate (APR) for a primary residence is . Rates vary for second homes or vacation homes. 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. 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 Fees: The estimated range of fees you may pay is from $0 ‐ $29.00 for every $1,000 of your line amount, 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.

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.