Enjoy exclusive discounts available through Schwab Bank.
Take advantage of discounts and competitive rates through 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.
Mortgage First Preapproval
With Mortgage First3, 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 today at 877-535-4021Industry Leaders
Experience the benefits of working with Schwab Bank and Quicken Loans, America's largest mortgage lender.4
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 >Loan Types
Rates below do not include Investor Advantage Pricing discounts on your home purchase or refinancing loans.
Rates as of 8:30 AM EDT 04/14/2021
Jumbo Loans
Rates below do not include Investor Advantage Pricing discounts and are based on a $850,000 loan and 60% LTV.
IAP-eligible loan | Loan type | Rate (%) | APR (%) | Points (%) | Rate and payment details |
---|---|---|---|---|---|
5 Year ARM | 2.25 | 2.766 | 0.0 | Details | |
7 Year ARM | 2.625 | 2.852 | 0.0 | Details | |
10 Year ARM | 3.125 | 3.099 | 0.0 | Details | |
5 Year ARM Interest-only payment option |
2.5 | 2.868 | 0.0 | Details | |
7 Year ARM Interest-only payment option |
2.875 | 2.968 | 0.0 | Details | |
10 Year ARM Interest-only payment option |
3.375 | 3.235 | 0.0 | Details | |
|
15 Year Fixed | 2.875 | 2.917 | 0.0 | Details |
|
30 Year Fixed | 3.625 | 3.651 | 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.
IAP-eligible loan | Loan type | Rate (%) | APR (%) | Points (%) | Rate and payment details |
---|---|---|---|---|---|
5 Year ARM | 2.0 | 2.713 | 0.0 | Details | |
7 Year ARM | 2.375 | 2.77 | 0.0 | Details | |
10 Year ARM | 2.625 | 2.83 | 0.0 | Details | |
5 Year ARM Interest-only payment option |
2.25 | 2.82 | 0.0 | Details | |
7 Year ARM Interest-only payment option |
2.625 | 2.892 | 0.0 | Details | |
10 Year ARM Interest-only payment option |
2.875 | 2.976 | 0.0 | Details | |
10 Year Fixed |
2.75 |
2.936 |
-0.25 |
Details | |
15 Year Fixed |
2.875 |
3.004 |
-0.125 |
Details | |
20 Year Fixed |
3.125 |
3.226 |
-0.125 |
Details | |
25 Year Fixed |
3.375 |
3.484 |
0.25 |
Details | |
30 Year Fixed |
3.375 |
3.459 |
0.125 |
Details |
Get answers to common questions from homebuyers like you.
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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.
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Select 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.
Discount for ARMs applies to initial fixed-rate period only. This offer is not valid on Home Equity Lines of Credit.
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Qualifying assets are based on Schwab brokerage and Schwab Bank combined account balances, including:
a) Brokerage accounts in which the borrower(s) is an owner, trustee or custodian;
b) Traditional, Roth, and Rollover Individual Retirement accounts (IRA)* - individually owned or inherited. (Educational & Custodial IRAs are not eligible);
c) Bank accounts in which the borrower(s) is an owner or trustee: checking & savings;
d) Non-Retirement Business Corporation, LLC, Partnership and Sole Proprietorship accounts may be eligible depending on the borrower’s role. (Excluding Business Retirement accounts such as Simple IRA, SEP IRA & Pension Trust).
*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. For additional details please visit and log into www.schwaballiance.com
Schwab Bank makes its best effort to identify all qualifying assets based on your Social Security Number. If you have questions regarding your specific assets, account eligibility and IAP eligible loans, please call your Schwab Bank representative for assistance. Clients that utilize an eligible IRA account balance to qualify for certain discounts may qualify for one special IRA benefit package per loan. This includes an in-depth personal financial plan analysis to include a detailed review of your IRA 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.
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Mortgage First is a preapproval program that allows 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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You will complete the credit application and provide your income, asset, and credit documentation for review in order to get preapproved.
Don't see the answer you need?
Call Quicken Loans at877-535-4021
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)5 with Schwab Bank's home equity lending program provided by Quicken Loans.
Benefit from your home's equity with a low APR >