Charles Schwab Bank Ssb Mortgage Rates, Fees & Info
West lake Hills, TXLEI: 549300INFJ8TYNZ1G568
Tax ID: 42-1558009
5 stars
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Bank Data
Overview
Charles Schwab Bank Ssb is a large bank specializing in Refi loans. Charles Schwab Bank Ssb has a high proportion of conventional loans. Their top markets include San Francisco, Los Angeles, San Jose, San Diego, and New York among others. Charles Schwab Bank Ssb has an above average approval rate for mortages when compared nationally. They have an above average pick rate when compared to the same sample of other lendors. Charles Schwab Bank Ssb is typically an average fee lendor.Originations
12,468Origination Dollar Volume (All Markets)
$11,449,410,000Employee count
846Awards
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Charles Schwab Bank SSB - 2021
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For 2021, less than of lenders were eligible for this award.
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Relative Rate
Charles Schwab Bank Ssb's average 30 year fixed rate mortgage of loans were
2.37%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.78%.
Relative Fees
Charles Schwab Bank Ssb's average total fees for a 30 year fixed rate
mortgage are $4,072.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1,890 | $1,986,890,000 | $1,051,265 | $3,886 | 2.38% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1,381 | $1,586,515,000 | $1,148,816 | $3,801 | 2.36% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 779 | $852,395,000 | $1,094,217 | $3,404 | 2.28% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 521 | $506,885,000 | $972,908 | $3,190 | 2.36% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 517 | $496,495,000 | $960,338 | $4,998 | 2.32% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 416 | $430,490,000 | $1,034,832 | $3,914 | 2.29% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 314 | $272,600,000 | $868,153 | $4,253 | 2.38% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 336 | $259,800,000 | $773,214 | $3,700 | 2.39% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 286 | $257,460,000 | $900,210 | $6,443 | 2.41% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 331 | $237,665,000 | $718,021 | $3,338 | 2.25% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 291 | $226,415,000 | $778,058 | $3,870 | 2.45% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 243 | $213,845,000 | $880,021 | $3,998 | 2.29% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 219 | $210,495,000 | $961,164 | $4,552 | 2.31% |
| Outside of Metro Areas | 181 | $153,055,000 | $845,608 | $4,173 | 2.35% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 204 | $151,170,000 | $741,029 | $4,012 | 2.49% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 127 | $141,465,000 | $1,113,898 | $4,290 | 2.46% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 143 | $140,545,000 | $982,832 | $5,591 | 2.36% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 156 | $118,400,000 | $758,974 | $3,407 | 2.42% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 150 | $114,610,000 | $764,067 | $3,633 | 2.35% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 120 | $106,400,000 | $886,667 | $6,260 | 2.39% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 106 | $102,280,000 | $964,906 | $5,210 | 2.41% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 116 | $99,000,000 | $853,448 | $4,782 | 2.34% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 117 | $81,825,000 | $699,359 | $3,877 | 2.45% |
| Heber, UT (FHA|USDA|VA) | 57 | $81,205,000 | $1,424,649 | $5,847 | 2.24% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 107 | $79,765,000 | $745,467 | $3,468 | 2.38% |
| BOULDER, CO (FHA|USDA|VA) | 92 | $79,600,000 | $865,217 | $4,030 | 2.41% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 97 | $79,575,000 | $820,361 | $6,151 | 2.44% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 107 | $78,235,000 | $731,168 | $3,532 | 2.27% |
| RENO, NV (FHA|USDA|VA) | 89 | $76,185,000 | $856,011 | $5,008 | 2.34% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 119 | $76,085,000 | $639,370 | $6,267 | 2.33% |
| SALINAS, CA (FHA|USDA|VA) | 69 | $68,685,000 | $995,435 | $3,808 | 2.42% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 87 | $64,775,000 | $744,540 | $3,693 | 2.33% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 83 | $59,365,000 | $715,241 | $4,128 | 2.34% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 61 | $58,325,000 | $956,148 | $3,713 | 2.46% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 66 | $55,520,000 | $841,212 | $5,268 | 2.29% |
| Glenwood Springs, CO (FHA|USDA|VA) | 22 | $52,520,000 | $2,387,273 | $6,783 | 2.30% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 53 | $50,175,000 | $946,698 | $3,492 | 2.40% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 74 | $49,490,000 | $668,784 | $4,661 | 2.33% |
| Edwards, CO (FHA|USDA|VA) | 45 | $48,165,000 | $1,070,333 | $4,730 | 2.18% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 58 | $47,880,000 | $825,517 | $5,215 | 2.34% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 58 | $46,010,000 | $793,276 | $3,760 | 2.40% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 59 | $45,895,000 | $777,881 | $3,689 | 2.53% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 52 | $36,170,000 | $695,577 | $2,517 | 2.27% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 30 | $35,850,000 | $1,195,000 | $5,457 | 2.30% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 29 | $35,195,000 | $1,213,621 | $7,260 | 2.36% |
| Jackson, WY-ID (FHA|USDA|VA) | 22 | $33,040,000 | $1,501,818 | $6,049 | 2.25% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 36 | $33,000,000 | $916,667 | $4,047 | 2.32% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 45 | $31,745,000 | $705,444 | $3,712 | 2.32% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 39 | $30,715,000 | $787,564 | $3,422 | 2.47% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 30 | $30,700,000 | $1,023,333 | $4,373 | 2.37% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 43 | $28,355,000 | $659,419 | $4,060 | 2.42% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 36 | $27,050,000 | $751,389 | $3,886 | 2.34% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 39 | $27,035,000 | $693,205 | $5,083 | 2.35% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 23 | $26,815,000 | $1,165,870 | $4,006 | 2.47% |
| Breckenridge, CO (FHA|USDA|VA) | 29 | $26,205,000 | $903,621 | $4,129 | 2.15% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 39 | $25,645,000 | $657,564 | $3,092 | 2.47% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 39 | $24,485,000 | $627,821 | $3,046 | 2.43% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 27 | $23,265,000 | $861,667 | $3,966 | 2.41% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 42 | $23,070,000 | $549,286 | $3,318 | 2.37% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 31 | $22,675,000 | $731,452 | $5,202 | 2.49% |
| ASHEVILLE, NC (FHA|USDA|VA) | 33 | $22,065,000 | $668,636 | $3,246 | 2.48% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 19 | $22,015,000 | $1,158,684 | $8,213 | 2.22% |
| BEND, OR (FHA|USDA|VA) | 32 | $21,810,000 | $681,563 | $4,876 | 2.53% |
| BOISE CITY, ID (FHA|USDA|VA) | 33 | $21,525,000 | $652,273 | $3,912 | 2.40% |
| Hailey, ID (FHA|USDA|VA) | 25 | $20,955,000 | $838,200 | $4,131 | 2.52% |
| Key West, FL (FHA|USDA|VA) | 19 | $20,325,000 | $1,069,737 | $6,629 | 2.34% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 24 | $19,590,000 | $816,250 | $4,938 | 2.47% |
| SANTA FE, NM (FHA|USDA|VA) | 23 | $19,405,000 | $843,696 | $5,190 | 2.49% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 24 | $18,570,000 | $773,750 | $3,942 | 2.45% |
| COLUMBUS, OH (FHA|USDA|VA) | 31 | $18,045,000 | $582,097 | $4,035 | 2.42% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 29 | $17,855,000 | $615,690 | $2,580 | 2.37% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 29 | $17,605,000 | $607,069 | $3,673 | 2.50% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 22 | $16,820,000 | $764,545 | $4,514 | 2.68% |
| Bozeman, MT (FHA|USDA|VA) | 23 | $16,765,000 | $728,913 | $5,261 | 2.49% |
| NAPA, CA (FHA|USDA|VA) | 24 | $16,110,000 | $671,250 | $2,681 | 2.38% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 24 | $15,930,000 | $663,750 | $4,360 | 2.56% |
| TUCSON, AZ (FHA|USDA|VA) | 30 | $15,540,000 | $518,000 | $3,494 | 2.52% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 24 | $15,010,000 | $625,417 | $4,261 | 2.36% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 17 | $14,765,000 | $868,529 | $5,443 | 2.40% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 25 | $14,375,000 | $575,000 | $4,284 | 2.34% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 25 | $14,225,000 | $569,000 | $3,462 | 2.29% |
| Steamboat Springs, CO (FHA|USDA|VA) | 14 | $13,900,000 | $992,857 | $3,157 | 2.44% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 17 | $13,545,000 | $796,765 | $3,483 | 2.63% |
| Hilo, HI (FHA|USDA|VA) | 12 | $11,740,000 | $978,333 | $7,003 | 2.21% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 22 | $11,700,000 | $531,818 | $4,658 | 2.42% |
| Torrington, CT (FHA|USDA|VA) | 12 | $11,100,000 | $925,000 | $4,462 | 2.31% |
| RICHMOND, VA (FHA|USDA|VA) | 15 | $10,745,000 | $716,333 | $4,847 | 2.40% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 18 | $10,330,000 | $573,889 | $3,795 | 2.33% |
| BRUNSWICK, GA (FHA|USDA|VA) | 7 | $10,265,000 | $1,466,429 | $6,243 | 2.41% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 16 | $9,850,000 | $615,625 | $2,240 | 2.31% |
| PITTSBURGH, PA (FHA|USDA|VA) | 15 | $9,655,000 | $643,667 | $5,945 | 2.24% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 19 | $9,565,000 | $503,421 | $3,123 | 2.35% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 9 | $9,515,000 | $1,057,222 | $3,434 | 2.23% |
| ANN ARBOR, MI (FHA|USDA|VA) | 14 | $9,180,000 | $655,714 | $4,844 | 2.41% |
| Kalispell, MT (FHA|USDA|VA) | 8 | $8,510,000 | $1,063,750 | $5,622 | 2.53% |
| Traverse City, MI (FHA|USDA|VA) | 13 | $8,475,000 | $651,923 | $3,037 | 2.37% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 11 | $7,915,000 | $719,545 | $4,070 | 2.41% |
| VALLEJO, CA (FHA|USDA|VA) | 13 | $7,875,000 | $605,769 | $3,896 | 2.61% |
| FORT COLLINS, CO (FHA|USDA|VA) | 14 | $7,760,000 | $554,286 | $3,031 | 2.32% |
| WENATCHEE, WA (FHA|USDA|VA) | 9 | $7,625,000 | $847,222 | $3,861 | 2.27% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 15 | $7,585,000 | $505,667 | $4,014 | 2.36% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 11 | $7,355,000 | $668,636 | $2,807 | 2.75% |
| BELLINGHAM, WA (FHA|USDA|VA) | 9 | $7,215,000 | $801,667 | $3,595 | 2.62% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 11 | $7,145,000 | $649,545 | $2,907 | 2.18% |
| Kapaa, HI (FHA|USDA|VA) | 5 | $6,965,000 | $1,393,000 | $8,213 | 2.28% |
| Cullowhee, NC (FHA|USDA|VA) | 7 | $6,685,000 | $955,000 | $4,121 | 2.38% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 7 | $6,645,000 | $949,286 | $2,835 | 2.28% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 9 | $6,535,000 | $726,111 | $4,169 | 2.63% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 13 | $6,445,000 | $495,769 | $3,390 | 2.35% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 13 | $6,405,000 | $492,692 | $3,542 | 2.69% |
| WILMINGTON, NC (FHA|USDA|VA) | 10 | $6,150,000 | $615,000 | $3,204 | 2.78% |
| SAVANNAH, GA (FHA|USDA|VA) | 11 | $5,955,000 | $541,364 | $3,404 | 2.28% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 7 | $5,915,000 | $845,000 | $5,697 | 2.32% |
| Vineyard Haven, MA (FHA|USDA|VA) | 7 | $5,905,000 | $843,571 | $3,415 | 2.17% |
| MISSOULA, MT (FHA|USDA|VA) | 9 | $5,865,000 | $651,667 | $4,440 | 2.39% |
| Lebanon, NH-VT (FHA|USDA|VA) | 7 | $5,845,000 | $835,000 | $3,462 | 2.32% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 9 | $5,765,000 | $640,556 | $3,577 | 2.39% |
| Easton, MD (FHA|USDA|VA) | 7 | $5,575,000 | $796,429 | $3,248 | 2.06% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 8 | $5,550,000 | $693,750 | $4,695 | 2.36% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 6 | $5,320,000 | $886,667 | $6,214 | 2.68% |
| Whitewater, WI (FHA|USDA|VA) | 7 | $5,305,000 | $757,857 | $3,754 | 2.46% |
| Oak Harbor, WA (FHA|USDA|VA) | 8 | $5,290,000 | $661,250 | $3,340 | 2.57% |
| BATON ROUGE, LA (FHA|USDA|VA) | 7 | $5,185,000 | $740,714 | $6,265 | 2.57% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 8 | $5,060,000 | $632,500 | $4,691 | 2.28% |
| MEDFORD, OR (FHA|USDA|VA) | 8 | $5,000,000 | $625,000 | $6,144 | 2.51% |
| Outside of Metro Areas | 7 | $4,865,000 | $695,000 | $5,946 | 2.53% |
| BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) | 8 | $4,790,000 | $598,750 | $3,431 | 2.35% |
| Ellensburg, WA (FHA|USDA|VA) | 7 | $4,775,000 | $682,143 | $3,059 | 2.36% |
| PITTSFIELD, MA (FHA|USDA|VA) | 7 | $4,765,000 | $680,714 | $5,060 | 2.21% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 7 | $4,665,000 | $666,429 | $2,969 | 2.86% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 8 | $4,620,000 | $577,500 | $4,503 | 2.43% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 8 | $4,590,000 | $573,750 | $4,538 | 2.29% |
| ROANOKE, VA (FHA|USDA|VA) | 5 | $4,445,000 | $889,000 | $4,570 | 2.69% |
| Durango, CO (FHA|USDA|VA) | 7 | $4,225,000 | $603,571 | $2,899 | 2.66% |
| Boone, NC (FHA|USDA|VA) | 6 | $4,200,000 | $700,000 | $3,968 | 2.23% |
| Ukiah, CA (FHA|USDA|VA) | 3 | $4,125,000 | $1,375,000 | $4,367 | 2.24% |
| Laconia, NH (FHA|USDA|VA) | 7 | $4,035,000 | $576,429 | $2,917 | 2.49% |
| Georgetown, SC (FHA|USDA|VA) | 6 | $3,940,000 | $656,667 | $3,802 | 2.28% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 5 | $3,745,000 | $749,000 | $3,872 | 2.28% |
| GAINESVILLE, GA (FHA|USDA|VA) | 5 | $3,725,000 | $745,000 | $3,678 | 2.49% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 6 | $3,690,000 | $615,000 | $3,507 | 2.21% |
| GLENS FALLS, NY (FHA|USDA|VA) | 4 | $3,530,000 | $882,500 | $5,220 | 2.68% |
| PROVO-OREM, UT (FHA|USDA|VA) | 5 | $3,525,000 | $705,000 | $4,229 | 2.43% |
| PANAMA CITY, FL (FHA|USDA|VA) | 3 | $3,495,000 | $1,165,000 | $8,288 | 2.58% |
| LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) | 7 | $3,475,000 | $496,429 | $3,429 | 2.20% |
| FRESNO, CA (FHA|USDA|VA) | 8 | $3,420,000 | $427,500 | $2,176 | 2.32% |
| ROCHESTER, NY (FHA|USDA|VA) | 7 | $3,345,000 | $477,857 | $4,641 | 2.31% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 6 | $3,320,000 | $553,333 | $3,373 | 2.02% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 4 | $3,260,000 | $815,000 | $10,705 | 2.15% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 4 | $3,250,000 | $812,500 | $3,650 | 2.18% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 8 | $3,180,000 | $397,500 | $3,835 | 2.34% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 7 | $2,995,000 | $427,857 | $3,744 | 2.28% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 3 | $2,965,000 | $988,333 | $5,357 | 2.56% |
| Morehead City, NC (FHA|USDA|VA) | 4 | $2,960,000 | $740,000 | $2,314 | 2.34% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 5 | $2,945,000 | $589,000 | $5,192 | 2.23% |
| Brainerd, MN (FHA|USDA|VA) | 5 | $2,875,000 | $575,000 | $3,842 | 2.00% |
| GREELEY, CO (FHA|USDA|VA) | 7 | $2,845,000 | $406,429 | $3,664 | 2.59% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 6 | $2,810,000 | $468,333 | $3,124 | 2.53% |
| MADISON, WI (FHA|USDA|VA) | 7 | $2,785,000 | $397,857 | $2,625 | 2.26% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 4 | $2,740,000 | $685,000 | $4,111 | 2.48% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 5 | $2,675,000 | $535,000 | $5,071 | 1.98% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 3 | $2,535,000 | $845,000 | $2,244 | 1.87% |
| Brevard, NC (FHA|USDA|VA) | 5 | $2,515,000 | $503,000 | $2,671 | 2.51% |
| Adrian, MI (FHA|USDA|VA) | 4 | $2,500,000 | $625,000 | $3,424 | 2.44% |
| Concord, NH (FHA|USDA|VA) | 2 | $2,350,000 | $1,175,000 | $5,259 | 2.63% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 4 | $2,300,000 | $575,000 | $6,867 | 2.81% |
| JACKSON, MS (FHA|USDA|VA) | 4 | $2,300,000 | $575,000 | $3,585 | 2.69% |
| KINGSTON, NY (FHA|USDA|VA) | 2 | $2,280,000 | $1,140,000 | $6,561 | 2.44% |
| Seneca, SC (FHA|USDA|VA) | 3 | $2,255,000 | $751,667 | $2,678 | 2.54% |
| ST. GEORGE, UT (FHA|USDA|VA) | 6 | $2,250,000 | $375,000 | $3,727 | 2.48% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 5 | $2,235,000 | $447,000 | $2,612 | 2.20% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 4 | $2,210,000 | $552,500 | $1,892 | 2.66% |
| COLUMBIA, MO (FHA|USDA|VA) | 3 | $2,185,000 | $728,333 | $2,526 | 2.22% |
| Montrose, CO (FHA|USDA|VA) | 4 | $2,080,000 | $520,000 | $3,353 | 2.37% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 6 | $2,080,000 | $346,667 | $3,596 | 2.29% |
| MONTGOMERY, AL (FHA|USDA|VA) | 3 | $2,015,000 | $671,667 | $2,814 | 2.38% |
| THE VILLAGES, FL (FHA|USDA|VA) | 4 | $1,900,000 | $475,000 | $1,842 | 2.36% |
| MODESTO, CA (FHA|USDA|VA) | 3 | $1,875,000 | $625,000 | $4,379 | 2.78% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 3 | $1,845,000 | $615,000 | $3,390 | 1.95% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 3 | $1,825,000 | $608,333 | $3,460 | 2.13% |
| Hudson, NY (FHA|USDA|VA) | 2 | $1,690,000 | $845,000 | $6,831 | 2.44% |
| TULSA, OK (FHA|USDA|VA) | 3 | $1,595,000 | $531,667 | $3,804 | 2.33% |
| MORRISTOWN, TN (FHA|USDA|VA) | 2 | $1,590,000 | $795,000 | $4,159 | 2.25% |
| STOCKTON, CA (FHA|USDA|VA) | 4 | $1,480,000 | $370,000 | $3,093 | 2.16% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 4 | $1,470,000 | $367,500 | $2,947 | 2.41% |
| Sheridan, WY (FHA|USDA|VA) | 2 | $1,450,000 | $725,000 | $8,783 | 2.13% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 2 | $1,440,000 | $720,000 | $5,992 | 2.36% |
| WICHITA, KS (FHA|USDA|VA) | 3 | $1,405,000 | $468,333 | $3,822 | 2.03% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 2 | $1,390,000 | $695,000 | $5,612 | 2.31% |
| NILES, MI (FHA|USDA|VA) | 3 | $1,385,000 | $461,667 | $3,770 | 2.49% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 2 | $1,380,000 | $690,000 | $7,218 | 2.19% |
| Taos, NM (FHA|USDA|VA) | 3 | $1,365,000 | $455,000 | $4,938 | 2.46% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 3 | $1,275,000 | $425,000 | $3,192 | 1.93% |
| GRANTS PASS, OR (FHA|USDA|VA) | 2 | $1,260,000 | $630,000 | $4,587 | 2.91% |
| Rexburg, ID (FHA|USDA|VA) | 1 | $1,235,000 | $1,235,000 | $8,647 | 2.50% |
| Paragould, AR (FHA|USDA|VA) | 1 | $1,225,000 | $1,225,000 | $3,677 | 2.23% |
| KNOXVILLE, TN (FHA|USDA|VA) | 3 | $1,225,000 | $408,333 | $3,091 | 2.33% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 3 | $1,225,000 | $408,333 | $1,970 | 2.75% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 2 | $1,220,000 | $610,000 | $1,284 | 2.43% |
| Payson, AZ (FHA|USDA|VA) | 2 | $1,210,000 | $605,000 | $4,416 | 2.19% |
| MOBILE, AL (FHA|USDA|VA) | 3 | $1,205,000 | $401,667 | $2,415 | 2.12% |
| NEW BERN, NC (FHA|USDA|VA) | 2 | $1,120,000 | $560,000 | $2,832 | 2.61% |
| Red Wing, MN (FHA|USDA|VA) | 2 | $1,100,000 | $550,000 | $4,558 | 2.35% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $1,095,000 | $1,095,000 | $3,089 | 1.75% |
| Ruidoso, NM (FHA|USDA|VA) | 2 | $1,080,000 | $540,000 | $3,200 | 2.30% |
| Coos Bay, OR (FHA|USDA|VA) | 1 | $1,025,000 | $1,025,000 | $297 | 1.80% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 3 | $1,005,000 | $335,000 | $1,952 | 2.08% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 2 | $1,000,000 | $500,000 | $3,199 | 2.09% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $975,000 | $975,000 | $11,118 | 2.38% |
| Hood River, OR (FHA|USDA|VA) | 2 | $960,000 | $480,000 | $4,232 | 1.91% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $955,000 | $955,000 | $139 | 1.75% |
| UTICA-ROME, NY (FHA|USDA|VA) | 1 | $955,000 | $955,000 | $7,990 | 3.00% |
| OCALA, FL (FHA|USDA|VA) | 3 | $945,000 | $315,000 | $5,923 | 2.17% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $945,000 | $945,000 | $6,205 | 2.50% |
| COLUMBIA, SC (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $3,611 | 2.13% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 2 | $910,000 | $455,000 | $1,347 | 2.81% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $3,043 | 2.16% |
| SALEM, OR (FHA|USDA|VA) | 2 | $900,000 | $450,000 | $3,968 | 2.25% |
| LANCASTER, PA (FHA|USDA|VA) | 2 | $900,000 | $450,000 | $5,449 | 2.06% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $895,000 | $895,000 | $4,148 | 2.63% |
| St. Marys, GA (FHA|USDA|VA) | 1 | $885,000 | $885,000 | $5,347 | 1.88% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 1 | $815,000 | $815,000 | $2,769 | 2.25% |
| Port Angeles, WA (FHA|USDA|VA) | 1 | $815,000 | $815,000 | $2,708 | 2.25% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $2,602 | 2.36% |
| Show Low, AZ (FHA|USDA|VA) | 4 | $800,000 | $200,000 | $4,459 | 2.96% |
| CORVALLIS, OR (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $4,104 | 2.67% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $2,831 | 2.88% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $775,000 | $775,000 | $6,255 | 2.60% |
| MORGANTOWN, WV (FHA|USDA|VA) | 1 | $775,000 | $775,000 | $5,497 | 2.50% |
| Bennington, VT (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $2,197 | 3.13% |
| MIDLAND, MI (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $4,795 | 1.38% |
| Alexandria, MN (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $5,317 | 2.23% |
| Astoria, OR (FHA|USDA|VA) | 1 | $735,000 | $735,000 | $0 | 2.93% |
| JACKSON, MI (FHA|USDA|VA) | 1 | $735,000 | $735,000 | $3,799 | 2.88% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $1,646 | 2.88% |
| Granbury, TX (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $7,636 | 2.88% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $3,088 | 1.84% |
| Shelton, WA (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $2,752 | 2.09% |
| Aberdeen, WA (FHA|USDA|VA) | 1 | $715,000 | $715,000 | $5,199 | 2.13% |
| LAS CRUCES, NM (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $3,632 | 2.14% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $4,055 | 2.14% |
| Cañon City, CO (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $3,640 | 1.75% |
| Prineville, OR (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $1,482 | 2.75% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $3,791 | 3.00% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $4,366 | 2.24% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $3,835 | 2.00% |
| CHICO, CA (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $2,715 | 1.75% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $8,610 | 2.49% |
| ROCHESTER, MN (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $2,844 | 2.06% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $6,579 | 3.63% |
| Marion, NC (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $3,156 | 2.44% |
| Milledgeville, GA (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $4,036 | 2.75% |
| MADERA, CA (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $3,300 | 3.25% |
| DOVER, DE (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $14,084 | 2.25% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $4,203 | 2.43% |
| REDDING, CA (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $1,983 | 2.03% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $2,920 | 2.45% |
| FLORENCE, SC (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $24,726 | 1.50% |
| Albertville, AL (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $2,947 | 2.25% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $5,807 | 2.25% |
| ANCHORAGE, AK (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $3,191 | 2.13% |
| Athens, TX (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $2,462 | 2.13% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $2,091 | 2.21% |
| FORT WAYNE, IN (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $3,136 | 2.38% |
| CARSON CITY, NV (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $2,661 | 2.55% |
| Greenwood, SC (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $3,805 | 1.88% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $2,015 | 2.28% |
| Warrensburg, MO (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $941 | 2.25% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $4,441 | 1.48% |
| Oneonta, NY (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $5,945 | 2.13% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $4,420 | 2.60% |
| DeRidder, LA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $3,572 | 2.25% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 3.00% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $3,321 | 2.31% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $8,480 | 2.63% |
| LONGVIEW, WA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $2,729 | 2.25% |
| Cullman, AL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $2,708 | 2.25% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $3,408 | 2.38% |
| Houghton, MI (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $2,910 | 1.85% |
| Newberry, SC (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $2,651 | 2.68% |
| ROCKFORD, IL (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $2,480 | 2.43% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $2,774 | 1.75% |
| RACINE, WI (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $2,090 | 2.78% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,428 | 1.75% |
| Greeneville, TN (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,767 | 2.13% |
| Clearlake, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 2.63% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,546 | 1.75% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $606 | 2.50% |
| Barre, VT (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $868 | 3.00% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,419 | 1.98% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 2.00% |
| APPLETON, WI (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,416 | 3.13% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,726 | 2.30% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,837 | 2.80% |
| Oxford, MS (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,574 | 1.98% |
| AKRON, OH (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,665 | 2.10% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,401 | 2.75% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,558 | 2.25% |
| JOPLIN, MO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,626 | 2.13% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 2.75% |
| MUNCIE, IN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,583 | 2.43% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,677 | 1.48% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,858 | 2.23% |
| Sanford, NC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,436 | 2.10% |
Charles Schwab Bank Ssb's top markets include San Francisco, Los Angeles, San Jose, San Diego, and New York among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 12,468 | $11,449,410,000 | $918,304 | $4,114 | 2.36% |
For the 2021 period, Charles Schwab Bank Ssb's most frequently originated loan type of loans were Conventional, with 12,468 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Refi | 7,230 | $6,609,580,000 | $914,188 | $3,408 | 2.30% |
| Home Purchase | 2,233 | $2,224,475,000 | $996,182 | $6,351 | 2.40% |
| Cash Out Refi | 2,157 | $1,843,995,000 | $854,889 | $4,068 | 2.57% |
| Other | 596 | $584,880,000 | $981,342 | $4,622 | 2.27% |
| Home Improvement | 252 | $186,480,000 | $740,000 | $4,103 | 2.27% |
For the 2021, Charles Schwab Bank Ssb's most frequently cited loan purpose of loans were Refi, with 7,230 originations. The 2nd most popular reason of loans were Home Purchase, with 2,233 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 11,690 | $10,623,630,000 | $908,779 | $4,072 | 2.37% |
| 15 Year | 778 | $825,780,000 | $1,061,414 | $4,697 | 2.31% |
For the 2021, Charles Schwab Bank Ssb's most frequently cited loan length of loans were 30 Year, with 11,690 originations. The 2nd most popular length of loans were 15 Year, with 778 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 10,002 | $9,710,170,000 | $970,823 |
| $5k+ | 370 | $448,340,000 | $1,211,730 |
| $1k-2k | 308 | $184,630,000 | $599,448 |
| $3k-4k | 260 | $237,250,000 | $912,500 |
| $2k-3k | 201 | $136,125,000 | $677,239 |
$4,072 of loans were Charles Schwab Bank Ssb's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 10,002 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| <2.5% | 8,350 | $7,932,930,000 | $950,051 |
| 2.5-3% | 3,502 | $2,969,980,000 | $848,081 |
| 3-4% | 609 | $545,225,000 | $895,279 |
| 4-5% | 7 | $1,275,000 | $182,143 |
During 2021, Charles Schwab Bank Ssb's average interest rate of loans were 2.37%, while their most frequently originated rate bucket of loans were <2.5%, with 8,350 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $600k-1MM | 4,799 | $3,866,465,000 | $805,681 | $3,718 | 2.40% |
| $1MM+ | 3,972 | $6,229,120,000 | $1,568,258 | $5,370 | 2.33% |
| $400k-600k | 1,622 | $815,060,000 | $502,503 | $3,251 | 2.27% |
| $200k-400k | 1,615 | $474,485,000 | $293,799 | $2,869 | 2.35% |
| $100k-200k | 398 | $59,570,000 | $149,673 | $2,956 | 2.65% |
| $100,000 or less | 62 | $4,710,000 | $75,968 | $2,460 | 2.94% |
2021 saw Charles Schwab Bank Ssb place emphasis on $600k-1MM loans with 4,799 originations, totaling $3,866,465,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $250k+ | 7,433 | $8,268,575,000 | $1,112,414 | $4,517 | 2.34% |
| $150k-250k | 2,907 | $2,148,295,000 | $739,008 | $3,721 | 2.43% |
| $100k-150k | 1,175 | $592,475,000 | $504,234 | $3,354 | 2.38% |
| $75k-100k | 437 | $176,775,000 | $404,519 | $2,937 | 2.34% |
| $50k-75k | 295 | $102,185,000 | $346,390 | $2,972 | 2.34% |
| $50k or less | 220 | $159,900,000 | $726,818 | $4,101 | 2.37% |
Charles Schwab Bank Ssb lent most frequently to those with incomes in the $250k+ range, with 7,433 originations. The second most popular income band? $150k-250k, with 2,907 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 2,441 | $2,182,505,000 | $894,103 | $3,929 | 2.36% |
| 30-36% | 1,878 | $1,725,830,000 | $918,972 | $3,992 | 2.37% |
| <20% | 1,646 | $1,493,540,000 | $907,375 | $4,184 | 2.29% |
| >60% | 679 | $730,675,000 | $1,076,105 | $4,511 | 2.28% |
| 50-60% | 665 | $635,525,000 | $955,677 | $4,290 | 2.32% |
| 42% | 553 | $496,685,000 | $898,165 | $4,095 | 2.45% |
| 41% | 466 | $425,290,000 | $912,639 | $3,888 | 2.46% |
| 40% | 432 | $395,770,000 | $916,134 | $4,249 | 2.42% |
| 37% | 423 | $407,845,000 | $964,173 | $3,925 | 2.39% |
| 39% | 398 | $342,550,000 | $860,678 | $3,702 | 2.39% |
| 36% | 393 | $345,465,000 | $879,046 | $4,177 | 2.43% |
| 38% | 387 | $363,005,000 | $937,997 | $4,406 | 2.34% |
| 44% | 362 | $318,460,000 | $879,724 | $3,804 | 2.41% |
| 49% | 354 | $329,340,000 | $930,339 | $4,438 | 2.40% |
| 43% | 307 | $276,695,000 | $901,287 | $4,866 | 2.38% |
| 48% | 285 | $260,725,000 | $914,825 | $4,440 | 2.40% |
| 45% | 284 | $248,970,000 | $876,655 | $3,853 | 2.39% |
| 46% | 263 | $244,045,000 | $927,928 | $4,104 | 2.36% |
| 47% | 252 | $226,490,000 | $898,770 | $4,383 | 2.40% |
Charles Schwab Bank Ssb lent most frequently to those with DTI ratios of 20-30%, with 2,441 originations. The next most common DTI ratio? 30-36%, with 1,878 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not provided | 5,730 | $5,470,580,000 | $954,726 | $4,334 | 2.35% |
| White | 5,804 | $5,036,490,000 | $867,762 | $3,942 | 2.39% |
| Asian | 705 | $731,185,000 | $1,037,142 | $3,847 | 2.26% |
| Asian Indian | 97 | $94,365,000 | $972,835 | $3,155 | 2.33% |
| Chinese | 42 | $44,230,000 | $1,053,095 | $3,756 | 2.19% |
| Black | 43 | $30,295,000 | $704,535 | $5,324 | 2.44% |
| Other Asian | 13 | $13,905,000 | $1,069,615 | $4,234 | 2.37% |
| American Indian | 14 | $11,920,000 | $851,429 | $3,127 | 2.48% |
| Korean | 6 | $5,230,000 | $871,667 | $3,067 | 2.20% |
| Japanese | 7 | $4,695,000 | $670,714 | $2,421 | 2.44% |
| Filipino | 3 | $2,675,000 | $891,667 | $3,218 | 2.54% |
| Native Hawaiian | 3 | $2,585,000 | $861,667 | $5,449 | 2.42% |
| Other Pacific Islander | 1 | $1,255,000 | $1,255,000 | $12,959 | 3.50% |
Approval Rates
Total approvals of all applications96.96%
Charles Schwab Bank Ssb has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination98.30%
Charles Schwab Bank Ssb has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 12,468 | $11,449,410,000 | $918,304 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 12,468 | $11,449,410,000 | $918,304 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 2,912 | $2,356,790,000 | $809,337 | $3,250 | 2.28% |
| 40-60% | 4,553 | $4,573,835,000 | $1,004,576 | $4,020 | 2.30% |
| 60-80% | 3,649 | $3,717,945,000 | $1,018,894 | $4,863 | 2.45% |
| 80-100% | 396 | $371,040,000 | $936,970 | $6,016 | 2.58% |
| Under 20% | 958 | $429,800,000 | $448,643 | $3,024 | 2.51% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| CHARLES SCHWAB CORPORATION, THE | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Charles Schwab Bank, SSB | 3000 Schwab Way Westlake, TX 76262 | Full Service Cyber Office | $327,410,000 |
For 2021, Charles Schwab Bank Ssb had 1 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $4,739,000 |
| Net interest income | $4,691,000 |
| Total noninterest income | $24,000 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $0 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $24,000 |
| Pre-tax net operating income | $3,302,000 |
| Securities gains (or losses, -) | $1,000 |
| Income before extraordinary items | $2,538,000 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $2,538,000 |
| Minority interest net income | $0 |
| Net income | $2,538,000 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $2,537,210 |
Charles Schwab Bank Ssb's gross interest income from loans was $4,739,000,000.
Charles Schwab Bank Ssb's net interest income from loans was $4,691,000,000.
Charles Schwab Bank Ssb's fee based income from loans was $0.
Charles Schwab Bank Ssb's net income from loans was $2,538,000,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $48,000 |
| Provision for credit losses | $-13,000 |
| Total noninterest expense | $1,426,000 |
| Salaries and employee benefits | $130,000 |
| Premises and equipment expense | $10,000 |
| Additional noninterest expense | $1,286,000 |
| Applicable income taxes | $765,000 |
| Net charge-offs | $0 |
| Cash dividends | $0 |
Charles Schwab Bank Ssb's interest expense for loans was $48,000,000.
Charles Schwab Bank Ssb's payroll and benefits expense were $130,000,000.
Charles Schwab Bank Ssb's property, plant and equipment expenses $10,000,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 0.0% |
| Real Estate loans | 0.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 0.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 0.0% |
| HELOC loans | 0.0% |
| All other family | 0.0% |
| Commercial & industrial loans | 0.0% |
| Personal loans | 0.0% |
| Credit card loans | 0.0% |
| Other individual loans | 0.0% |
| Auto loans | 0.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $392,695,000 |
| Deposits held in domestic offices | $392,695,000 |
| Deposits by Individuals, partnerships, and corporations | $392,687,000 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $0 |
| Deposits by Commercial banks and other depository institutions in U.S. | $8,000 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $58,367,000 |
| Demand deposits | $35,306,000 |
| Nontransaction accounts | $334,328,000 |
| Money market deposit accounts (MMDAs) | $334,328,000 |
| Other savings deposits (excluding MMDAs) | $0 |
| Total time deposits | $0 |
| Total time and savings deposits | $357,389,000 |
| Noninterest-bearing deposits | $127,000 |
| Interest-bearing deposits | $392,568,000 |
| Retail deposits | $385,911,000 |
| IRAs and Keogh plan accounts | $107,660,000 |
| Brokered deposits | $14,621,000 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $420,502,000 |
| Cash & Balances due from depository institutions | $45,172,000 |
| Interest-bearing balances | $45,116,000 |
| Total securities | $335,954,000 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $36,707,000 |
| Loan and leases loss allowance | $18,000 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $0 |
| Other real estate owned | $1,000 |
| Goodwill and other intangibles | $17,000 |
| All other assets | $2,651,000 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $420,502,000 |
| Total Liabilities | $393,467,000 |
| Total deposits | $392,695,000 |
| Interest-bearing deposits | $392,568,000 |
| Deposits held in domestic offices | $392,695,000 |
| % insured (estimated) | $66 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $772,000 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $36,707,000 |
| Loan and leases loss allowance | $18,000 |
| Total loans and leases (domestic) | $36,725,000 |
| All real estate loans | $21,739,000 |
| Real estate loans in domestic offices | $21,739,000 |
| Construction and development loans | $0 |
| Residential 1-4 family construction | $0 |
| Other construction, all land development and other land | $0 |
| Loans secured by nonfarm nonresidential properties | $0 |
| Nonfarm nonresidential secured by owner-occupied properties | $0 |
| Commercial real estate & other non-farm, non-residential | $0 |
| Multifamily residential real estate | $0 |
| 1-4 family residential loans | $21,739,000 |
| Farmland loans | $0 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $2,130,000 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $8,793,000 |
| Credit card loans | $0 |
| Related Plans | $8,793,000 |
| Consumer Auto Loans | $0 |
| Other loans to individuals | $0 |
| All other loans & leases | $4,063,000 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $4,063,000 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $2,587,000 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $0 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
Charles Schwab Bank SSB had $36,707,000,000 of loans outstanding in 2021. $21,739,000,000 of loans were in real estate loans. $0 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $21,739,000,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 of loans were in the auto loan category.
Small Business Loans
| Categorization | # of Loans in Category | $ amount of loans (in 000's) | Average $/loan |
|---|---|---|---|
| Commercial & Industrial, US addressed loans - <$1MM | 1,165 | $377,000 | $323,605 |
| Commercial & Industrial, US addressed loans - <$100k | 277 | $15,000 | $54,152 |
| Commercial & Industrial, US addressed loans - $100-250k | 297 | $50,000 | $168,350 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 591 | $312,000 | $527,919 |
