Charles Schwab Bank Ssb Mortgage Rates, Fees & Info

West lake Hills, TX

LEI: 549300INFJ8TYNZ1G568

Tax ID: 42-1558009

5 stars - Updated: 6/9/24 - out of 5 stars, based on 52 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

Review & Overview

Charles Schwab Bank Ssb is a small bank specializing in Home Purchase loans. Charles Schwab Bank Ssb has a high proportion of conventional loans. Their top markets by origination volume include: San Francisco, Los Angeles, New York, San Jose, and Seattle among others. We have data for 243 markets. (Some data included below & more in-depth data is available with an active subscription.)

Charles Schwab Bank Ssb has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Charles Schwab Bank Ssb is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 5.54% 6/9/24
30 Year Conventional Purchase 5.80% 6/9/24
30 Year Conventional Refi 5.84% 6/9/24
30 Year Cash-out Refi 5.86% 6/9/24
15 Year Conventional Purchase 5.17% 6/9/24
15 Year Conventional Refi 5.19% 6/9/24
15 Year Cash-out Refi 5.19% 6/9/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Charles Schwab Bank Ssb Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Charles Schwab Bank Ssb. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

2,727

Origination Dollar Volume (All Markets)

$2,641,515,000
Show all (57) awards

Relative Rate

Charles Schwab Bank Ssb's average 30 year fixed mortgage rate was 5.99%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.49%.

Relative Fees (Closing Costs)

Charles Schwab Bank Ssb's average total fees/closing costs for a 30 year fixed rate mortgage were $5,719.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 218 $269,810,000 $1,237,661 $5,542 6.01%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 177 $215,905,000 $1,219,802 $7,084 5.95%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 111 $120,245,000 $1,083,288 $6,443 5.95%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 77 $112,585,000 $1,462,143 $3,953 5.90%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 92 $105,570,000 $1,147,500 $5,058 5.66%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 100 $96,950,000 $969,500 $3,901 5.95%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 76 $96,190,000 $1,265,658 $6,128 5.97%
Outside of Metro Areas 79 $68,985,000 $873,228 $4,469 6.13%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 82 $68,810,000 $839,146 $5,800 6.01%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 71 $65,905,000 $928,239 $7,890 6.12%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 60 $65,520,000 $1,092,000 $9,221 5.92%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 68 $48,990,000 $720,441 $6,019 6.00%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 56 $46,820,000 $836,071 $4,558 6.08%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 47 $46,305,000 $985,213 $5,479 6.05%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 46 $42,440,000 $922,609 $9,078 5.83%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 29 $33,495,000 $1,155,000 $6,239 5.76%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 51 $33,245,000 $651,863 $5,428 6.15%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 38 $32,730,000 $861,316 $7,137 5.86%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 40 $31,120,000 $778,000 $6,581 5.96%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 32 $30,730,000 $960,313 $6,828 5.62%
RENO, NV (FHA|USDA|VA) 18 $29,910,000 $1,661,667 $7,060 6.08%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 29 $29,755,000 $1,026,034 $4,816 5.73%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 39 $29,315,000 $751,667 $5,829 6.12%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 31 $28,605,000 $922,742 $7,850 5.65%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 20 $27,980,000 $1,399,000 $5,877 5.92%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 35 $26,165,000 $747,571 $5,355 6.18%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 29 $24,715,000 $852,241 $4,220 6.22%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 31 $24,585,000 $793,065 $5,045 6.09%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 27 $23,455,000 $868,704 $7,319 5.47%
KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 5 $23,135,000 $4,627,000 $14,743 5.28%
Jackson, WY-ID (FHA|USDA|VA) 9 $22,135,000 $2,459,444 $5,850 5.65%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 17 $20,585,000 $1,210,882 $3,834 6.20%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 26 $20,020,000 $770,000 $3,622 6.00%
Heber, UT (FHA|USDA|VA) 15 $18,645,000 $1,243,000 $5,565 5.78%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 11 $16,605,000 $1,509,545 $9,602 5.61%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 19 $16,275,000 $856,579 $4,414 5.97%
BOULDER, CO (FHA|USDA|VA) 15 $15,715,000 $1,047,667 $5,229 6.12%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 18 $15,450,000 $858,333 $5,790 6.22%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 20 $14,050,000 $702,500 $7,582 5.81%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 20 $13,690,000 $684,500 $6,975 5.87%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 17 $13,425,000 $789,706 $4,852 5.77%
Breckenridge, CO (FHA|USDA|VA) 10 $12,220,000 $1,222,000 $2,850 5.49%
URBAN HONOLULU, HI (FHA|USDA|VA) 9 $11,825,000 $1,313,889 $10,102 5.89%
JACKSONVILLE, FL (FHA|USDA|VA) 16 $11,790,000 $736,875 $7,378 5.85%
SALINAS, CA (FHA|USDA|VA) 10 $11,560,000 $1,156,000 $5,922 5.33%
Hailey, ID (FHA|USDA|VA) 6 $11,190,000 $1,865,000 $9,269 5.46%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 10 $10,690,000 $1,069,000 $6,120 5.97%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 10 $10,570,000 $1,057,000 $5,627 5.67%
KANSAS CITY, MO-KS (FHA|USDA|VA) 13 $10,115,000 $778,077 $3,247 5.53%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 7 $10,025,000 $1,432,143 $3,505 6.84%
RALEIGH-CARY, NC (FHA|USDA|VA) 11 $9,065,000 $824,091 $4,256 6.13%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 11 $8,965,000 $815,000 $4,857 5.77%
Edwards, CO (FHA|USDA|VA) 6 $8,740,000 $1,456,667 $7,347 5.44%
OCEAN CITY, NJ (FHA|USDA|VA) 9 $8,735,000 $970,556 $6,455 6.49%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 12 $8,630,000 $719,167 $5,702 6.38%
SALT LAKE CITY, UT (FHA|USDA|VA) 10 $8,390,000 $839,000 $4,412 6.15%
BEND, OR (FHA|USDA|VA) 10 $8,060,000 $806,000 $6,453 5.91%
COLORADO SPRINGS, CO (FHA|USDA|VA) 9 $7,915,000 $879,444 $3,124 6.04%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 7 $7,655,000 $1,093,571 $4,703 5.86%
Hilo, HI (FHA|USDA|VA) 9 $7,635,000 $848,333 $6,976 6.16%
COLUMBUS, OH (FHA|USDA|VA) 8 $7,580,000 $947,500 $5,324 6.18%
Truckee-Grass Valley, CA (FHA|USDA|VA) 12 $7,430,000 $619,167 $3,472 6.56%
FORT COLLINS, CO (FHA|USDA|VA) 8 $7,390,000 $923,750 $3,316 5.51%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 11 $7,295,000 $663,182 $4,825 5.68%
Kalispell, MT (FHA|USDA|VA) 6 $7,060,000 $1,176,667 $6,687 5.68%
Key West, FL (FHA|USDA|VA) 3 $7,005,000 $2,335,000 $11,897 5.67%
ASHEVILLE, NC (FHA|USDA|VA) 10 $6,950,000 $695,000 $3,709 6.52%
TUCSON, AZ (FHA|USDA|VA) 12 $6,370,000 $530,833 $4,827 6.48%
SALISBURY, MD-DE (FHA|USDA|VA) 10 $6,350,000 $635,000 $4,427 5.96%
FLAGSTAFF, AZ (FHA|USDA|VA) 6 $6,270,000 $1,045,000 $3,058 6.52%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 6 $6,270,000 $1,045,000 $5,714 5.48%
BOISE CITY, ID (FHA|USDA|VA) 8 $6,270,000 $783,750 $6,803 5.31%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 5 $6,245,000 $1,249,000 $5,185 4.85%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 7 $6,065,000 $866,429 $6,500 5.92%
PORT ST. LUCIE, FL (FHA|USDA|VA) 9 $5,985,000 $665,000 $7,781 6.23%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 6 $5,720,000 $953,333 $4,323 5.95%
HUNTSVILLE, AL (FHA|USDA|VA) 5 $5,675,000 $1,135,000 $4,974 5.08%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 10 $5,500,000 $550,000 $3,327 5.76%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 9 $5,495,000 $610,556 $3,613 6.79%
KNOXVILLE, TN (FHA|USDA|VA) 7 $5,345,000 $763,571 $5,126 6.06%
ST. LOUIS, MO-IL (FHA|USDA|VA) 7 $5,305,000 $757,857 $3,572 6.03%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 5 $5,235,000 $1,047,000 $4,769 6.08%
Bozeman, MT (FHA|USDA|VA) 5 $5,175,000 $1,035,000 $12,114 5.65%
MADISON, WI (FHA|USDA|VA) 6 $5,050,000 $841,667 $3,228 6.60%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 9 $4,845,000 $538,333 $6,116 6.17%
SANTA FE, NM (FHA|USDA|VA) 6 $4,790,000 $798,333 $5,828 6.19%
Boone, NC (FHA|USDA|VA) 7 $4,745,000 $677,857 $4,689 5.90%
NAPA, CA (FHA|USDA|VA) 7 $4,495,000 $642,143 $4,925 6.42%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 7 $4,345,000 $620,714 $1,848 6.19%
BRUNSWICK, GA (FHA|USDA|VA) 4 $4,310,000 $1,077,500 $7,390 5.63%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 7 $4,265,000 $609,286 $5,158 5.71%
Glenwood Springs, CO (FHA|USDA|VA) 2 $4,110,000 $2,055,000 $3,156 5.63%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 4 $4,010,000 $1,002,500 $5,409 6.37%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 7 $3,905,000 $557,857 $4,734 6.45%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 4 $3,830,000 $957,500 $7,712 5.71%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 7 $3,765,000 $537,857 $3,891 5.86%
Seneca, SC (FHA|USDA|VA) 3 $3,705,000 $1,235,000 $3,085 6.61%
TULSA, OK (FHA|USDA|VA) 6 $3,670,000 $611,667 $5,935 5.61%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 6 $3,450,000 $575,000 $4,064 6.61%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 4 $3,330,000 $832,500 $14,551 6.69%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 5 $3,215,000 $643,000 $6,909 5.44%
ALBUQUERQUE, NM (FHA|USDA|VA) 6 $3,170,000 $528,333 $6,223 6.65%
Steamboat Springs, CO (FHA|USDA|VA) 3 $3,115,000 $1,038,333 $3,150 5.68%
PROVO-OREM, UT (FHA|USDA|VA) 3 $3,105,000 $1,035,000 $3,013 6.31%
GREELEY, CO (FHA|USDA|VA) 2 $3,010,000 $1,505,000 $2,059 5.88%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 4 $2,980,000 $745,000 $3,566 5.59%
Brenham, TX (FHA|USDA|VA) 2 $2,970,000 $1,485,000 $12,889 5.81%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 4 $2,860,000 $715,000 $4,138 6.21%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 7 $2,715,000 $387,857 $4,304 6.62%
ROCHESTER, NY (FHA|USDA|VA) 2 $2,710,000 $1,355,000 $5,520 5.05%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 3 $2,685,000 $895,000 $5,340 6.50%
Morehead City, NC (FHA|USDA|VA) 2 $2,630,000 $1,315,000 $4,150 5.78%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 4 $2,590,000 $647,500 $5,830 5.88%
RICHMOND, VA (FHA|USDA|VA) 4 $2,570,000 $642,500 $2,693 6.13%
Torrington, CT (FHA|USDA|VA) 4 $2,500,000 $625,000 $5,725 6.16%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 3 $2,485,000 $828,333 $2,454 5.94%
THE VILLAGES, FL (FHA|USDA|VA) 5 $2,375,000 $475,000 $5,297 5.33%
Durango, CO (FHA|USDA|VA) 3 $2,365,000 $788,333 $3,672 6.09%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 4 $2,250,000 $562,500 $4,757 5.85%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $2,240,000 $1,120,000 $9,697 6.13%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 4 $2,190,000 $547,500 $2,306 6.09%
SAVANNAH, GA (FHA|USDA|VA) 5 $2,125,000 $425,000 $3,215 6.36%
Whitewater, WI (FHA|USDA|VA) 2 $2,100,000 $1,050,000 $4,534 5.96%
Traverse City, MI (FHA|USDA|VA) 3 $2,085,000 $695,000 $6,197 6.50%
LOUISVILLE, KY (FHA|USDA|VA) 4 $2,060,000 $515,000 $4,291 6.42%
PITTSBURGH, PA (FHA|USDA|VA) 5 $1,985,000 $397,000 $4,717 5.99%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 3 $1,955,000 $651,667 $6,135 5.29%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 4 $1,930,000 $482,500 $4,669 6.60%
JACKSON, TN (FHA|USDA|VA) 1 $1,925,000 $1,925,000 $7,763 6.10%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $1,855,000 $1,855,000 $4,325 6.05%
Gardnerville Ranchos, NV (FHA|USDA|VA) 2 $1,810,000 $905,000 $7,141 5.88%
BELLINGHAM, WA (FHA|USDA|VA) 4 $1,800,000 $450,000 $1,491 6.67%
Outside of Metro Areas 2 $1,780,000 $890,000 $5,138 6.06%
STOCKTON, CA (FHA|USDA|VA) 3 $1,745,000 $581,667 $2,517 5.81%
KINGSTON, NY (FHA|USDA|VA) 2 $1,740,000 $870,000 $5,340 6.06%
SPRINGFIELD, MA (FHA|USDA|VA) 3 $1,735,000 $578,333 $4,685 7.04%
GAINESVILLE, GA (FHA|USDA|VA) 2 $1,710,000 $855,000 $4,867 6.31%
Newport, OR (FHA|USDA|VA) 2 $1,710,000 $855,000 $0 5.30%
Oak Harbor, WA (FHA|USDA|VA) 3 $1,655,000 $551,667 $2,916 6.08%
Ontario, OR-ID (FHA|USDA|VA) 1 $1,605,000 $1,605,000 $18,330 5.85%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 4 $1,580,000 $395,000 $5,572 6.69%
OCALA, FL (FHA|USDA|VA) 3 $1,545,000 $515,000 $3,688 6.13%
Easton, MD (FHA|USDA|VA) 2 $1,500,000 $750,000 $6,925 6.99%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 2 $1,480,000 $740,000 $3,185 6.71%
Lebanon, NH-VT (FHA|USDA|VA) 4 $1,420,000 $355,000 $4,916 6.96%
MIDLAND, TX (FHA|USDA|VA) 1 $1,365,000 $1,365,000 $16,849 4.75%
Show Low, AZ (FHA|USDA|VA) 3 $1,295,000 $431,667 $5,413 5.74%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 2 $1,290,000 $645,000 $10,958 6.09%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 2 $1,280,000 $640,000 $4,492 5.89%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 2 $1,250,000 $625,000 $3,403 5.68%
BAKERSFIELD, CA (FHA|USDA|VA) 2 $1,250,000 $625,000 $3,904 7.30%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 2 $1,210,000 $605,000 $3,729 5.79%
MODESTO, CA (FHA|USDA|VA) 2 $1,210,000 $605,000 $4,584 5.53%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 2 $1,120,000 $560,000 $4,878 6.26%
BLOOMINGTON, IN (FHA|USDA|VA) 1 $1,095,000 $1,095,000 $3,591 5.88%
WILMINGTON, NC (FHA|USDA|VA) 3 $1,095,000 $365,000 $0 6.21%
Ellensburg, WA (FHA|USDA|VA) 1 $1,085,000 $1,085,000 $1,690 6.23%
Sandpoint, ID (FHA|USDA|VA) 2 $1,040,000 $520,000 $3,807 5.88%
Kapaa, HI (FHA|USDA|VA) 1 $995,000 $995,000 $0 5.75%
Dayton, TN (FHA|USDA|VA) 1 $975,000 $975,000 $4,145 4.93%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $955,000 $955,000 $0 5.83%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 3 $915,000 $305,000 $4,045 6.37%
OKLAHOMA CITY, OK (FHA|USDA|VA) 2 $910,000 $455,000 $7,363 5.06%
COLUMBIA, SC (FHA|USDA|VA) 2 $870,000 $435,000 $4,344 6.28%
CHARLESTON, WV (FHA|USDA|VA) 1 $825,000 $825,000 $0 6.73%
Shelton, WA (FHA|USDA|VA) 1 $825,000 $825,000 $5,396 6.25%
WENATCHEE, WA (FHA|USDA|VA) 1 $825,000 $825,000 $5,273 6.05%
Corsicana, TX (FHA|USDA|VA) 1 $805,000 $805,000 $5,913 5.38%
Sevierville, TN (FHA|USDA|VA) 1 $805,000 $805,000 $5,231 4.60%
GRAND JUNCTION, CO (FHA|USDA|VA) 1 $785,000 $785,000 $2,869 5.38%
Sandusky, OH (FHA|USDA|VA) 1 $765,000 $765,000 $5,116 6.25%
ROANOKE, VA (FHA|USDA|VA) 1 $765,000 $765,000 $4,091 6.00%
Concord, NH (FHA|USDA|VA) 1 $755,000 $755,000 $3,863 6.45%
Holland, MI (FHA|USDA|VA) 1 $755,000 $755,000 $0 6.30%
CARSON CITY, NV (FHA|USDA|VA) 1 $755,000 $755,000 $5,414 6.63%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $745,000 $745,000 $3,826 5.88%
Spearfish, SD (FHA|USDA|VA) 1 $745,000 $745,000 $2,299 4.55%
Prineville, OR (FHA|USDA|VA) 1 $745,000 $745,000 $6,004 5.00%
Brainerd, MN (FHA|USDA|VA) 1 $725,000 $725,000 $4,229 5.50%
Aberdeen, WA (FHA|USDA|VA) 1 $725,000 $725,000 $0 6.18%
MEDFORD, OR (FHA|USDA|VA) 2 $710,000 $355,000 $3,732 5.96%
AMES, IA (FHA|USDA|VA) 1 $685,000 $685,000 $2,930 6.33%
PANAMA CITY, FL (FHA|USDA|VA) 2 $680,000 $340,000 $6,530 6.45%
ST. GEORGE, UT (FHA|USDA|VA) 2 $660,000 $330,000 $1,061 7.06%
Kill Devil Hills, NC (FHA|USDA|VA) 1 $655,000 $655,000 $4,614 6.75%
EAST STROUDSBURG, PA (FHA|USDA|VA) 2 $650,000 $325,000 $4,839 6.46%
Hudson, NY (FHA|USDA|VA) 1 $645,000 $645,000 $4,006 6.60%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 2 $630,000 $315,000 $3,491 6.73%
RAPID CITY, SD (FHA|USDA|VA) 1 $615,000 $615,000 $3,900 6.60%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 2 $610,000 $305,000 $3,364 6.18%
AKRON, OH (FHA|USDA|VA) 2 $610,000 $305,000 $739 6.50%
Kerrville, TX (FHA|USDA|VA) 1 $575,000 $575,000 $5,724 5.73%
SPRINGFIELD, OH (FHA|USDA|VA) 1 $565,000 $565,000 $0 9.24%
NILES, MI (FHA|USDA|VA) 1 $555,000 $555,000 $3,729 6.25%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $545,000 $545,000 $4,275 6.43%
Clearlake, CA (FHA|USDA|VA) 2 $520,000 $260,000 $5,018 6.31%
BILLINGS, MT (FHA|USDA|VA) 1 $505,000 $505,000 $4,769 6.00%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $505,000 $505,000 $3,591 7.00%
Brevard, NC (FHA|USDA|VA) 1 $495,000 $495,000 $4,889 7.00%
LAWRENCE, KS (FHA|USDA|VA) 3 $465,000 $155,000 $1,839 7.33%
ERIE, PA (FHA|USDA|VA) 1 $465,000 $465,000 $5,810 5.88%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 2 $450,000 $225,000 $4,554 6.65%
Taos, NM (FHA|USDA|VA) 1 $445,000 $445,000 $5,920 6.85%
ANN ARBOR, MI (FHA|USDA|VA) 1 $425,000 $425,000 $136 6.50%
DALTON, GA (FHA|USDA|VA) 1 $405,000 $405,000 $0 9.75%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 3 $395,000 $131,667 $3,410 7.06%
LINCOLN, NE (FHA|USDA|VA) 1 $395,000 $395,000 $2,328 6.45%
Rockport, TX (FHA|USDA|VA) 1 $385,000 $385,000 $4,902 6.53%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $365,000 $365,000 $5,778 6.13%
APPLETON, WI (FHA|USDA|VA) 1 $355,000 $355,000 $5,155 6.25%
Payson, AZ (FHA|USDA|VA) 1 $345,000 $345,000 $4,690 7.18%
Greenwood, SC (FHA|USDA|VA) 1 $335,000 $335,000 $4,057 6.88%
FRESNO, CA (FHA|USDA|VA) 1 $325,000 $325,000 $0 7.00%
Montrose, CO (FHA|USDA|VA) 1 $295,000 $295,000 $0 6.00%
Beaver Dam, WI (FHA|USDA|VA) 1 $285,000 $285,000 $2,613 5.60%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $285,000 $285,000 $4,899 5.75%
REDDING, CA (FHA|USDA|VA) 1 $275,000 $275,000 $0 6.75%
Harrison, AR (FHA|USDA|VA) 1 $275,000 $275,000 $0 7.25%
TYLER, TX (FHA|USDA|VA) 1 $275,000 $275,000 $3,812 5.55%
Rutland, VT (FHA|USDA|VA) 1 $265,000 $265,000 $5,837 5.25%
LYNCHBURG, VA (FHA|USDA|VA) 1 $265,000 $265,000 $3,870 5.45%
TOPEKA, KS (FHA|USDA|VA) 1 $265,000 $265,000 $2,558 6.00%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $255,000 $255,000 $3,102 6.63%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $255,000 $255,000 $3,386 6.75%
TUSCALOOSA, AL (FHA|USDA|VA) 1 $255,000 $255,000 $0 7.13%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 1 $245,000 $245,000 $2,716 5.50%
SIOUX FALLS, SD (FHA|USDA|VA) 1 $235,000 $235,000 $0 6.75%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $225,000 $225,000 $3,459 6.80%
Somerset, PA (FHA|USDA|VA) 1 $205,000 $205,000 $1,836 5.75%
SHEBOYGAN, WI (FHA|USDA|VA) 1 $205,000 $205,000 $2,256 6.80%
COLUMBUS, IN (FHA|USDA|VA) 1 $205,000 $205,000 $2,810 6.05%
Marion, NC (FHA|USDA|VA) 1 $205,000 $205,000 $2,970 7.05%
EspaƱola, NM (FHA|USDA|VA) 1 $205,000 $205,000 $3,243 6.30%
Warsaw, IN (FHA|USDA|VA) 1 $205,000 $205,000 $3,369 7.05%
DOVER, DE (FHA|USDA|VA) 1 $205,000 $205,000 $3,629 7.03%
NEW BERN, NC (FHA|USDA|VA) 1 $195,000 $195,000 $3,096 6.18%
Granbury, TX (FHA|USDA|VA) 1 $195,000 $195,000 $3,623 6.10%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $155,000 $155,000 $3,266 6.73%
ROCKFORD, IL (FHA|USDA|VA) 1 $155,000 $155,000 $1,359 7.00%
IOWA CITY, IA (FHA|USDA|VA) 1 $155,000 $155,000 $2,099 6.75%
TEXARKANA, TX-AR (FHA|USDA|VA) 1 $105,000 $105,000 $0 9.24%
TOLEDO, OH (FHA|USDA|VA) 1 $75,000 $75,000 $0 9.24%
JONESBORO, AR (FHA|USDA|VA) 1 $55,000 $55,000 $0 9.24%
Charles Schwab Bank Ssb's top markets include San Francisco, Los Angeles, New York, San Jose, and Seattle among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Charles Schwab Bank SSB based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    DEL-ONE FEDERAL CREDIT UNION
    Similarity Rank: 42
    COASTHILLS
    Similarity Rank: 45
    ABNB Federal Credit Union
    Similarity Rank: 65
    Central Pacific Bank
    Similarity Rank: 72
    MISSION
    Similarity Rank: 93
    American Savings Bank, FSB
    Similarity Rank: 96

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,579 $2,595,945,000 $1,006,570 $5,724 5.83%
    HELOC 148 $45,570,000 $307,905 n/a 8.76%

    For 2023, Charles Schwab Bank Ssb's most frequently originated type of loan was Conventional, with 2,579 originations. Their 2nd most popular type was HELOC, with 148 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,900 $1,947,090,000 $1,024,784 $6,381 5.83%
    Other 267 $285,575,000 $1,069,569 $4,347 6.03%
    Cash Out Refi 260 $161,320,000 $620,462 $3,726 7.03%
    Refi 214 $202,880,000 $948,037 $3,550 5.80%
    Home Improvement 86 $44,650,000 $519,186 $3,404 6.62%

    For 2023, Charles Schwab Bank Ssb's most frequently cited loan purpose was Home Purchase, with 1,900 originations. The 2nd most popular reason was Other, with 267 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,712 $2,625,340,000 $968,046 $5,719 5.99%
    15 Year 15 $16,175,000 $1,078,333 $6,637 5.47%

    For 2023, Charles Schwab Bank Ssb's most frequently cited loan duration was 30 Year, with 2,712 originations. The 2nd most popular length was 15 Year, with 15 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 2,066 $2,165,910,000 $1,048,359
    $1k-2k 104 $66,220,000 $636,731
    $5k+ 94 $119,530,000 $1,271,596
    $2k-3k 74 $64,670,000 $873,919
    $3k-4k 47 $48,585,000 $1,033,723
    $4k-5k 24 $24,480,000 $1,020,000

    Charles Schwab Bank Ssb's average total fees were $5,719, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,066 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 1,032 $1,083,280,000 $1,049,690
    6-7% 969 $790,975,000 $816,280
    4-5% 460 $630,860,000 $1,371,435
    7-8% 139 $67,305,000 $484,209
    Over 8% 113 $34,665,000 $306,770
    3-4% 14 $34,430,000 $2,459,286

    During 2023, Charles Schwab Bank Ssb's average interest rate for loans was 5.99%, while their most frequently originated rate bucket for loans was 5-6%, with 1,032 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 1,070 $1,723,500,000 $1,610,748 $7,228 5.61%
    $600k-1MM 790 $636,230,000 $805,354 $5,320 5.77%
    $200k-400k 407 $115,585,000 $283,993 $3,653 6.56%
    $400k-600k 303 $146,455,000 $483,350 $4,110 6.39%
    $100k-200k 122 $17,330,000 $142,049 $2,990 7.29%
    $100,000 or less 35 $2,415,000 $69,000 $2,853 8.05%

    2023 saw Charles Schwab Bank Ssb place emphasis on $1MM+ loans with 1,070 originations, totaling $1,723,500,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 1,947 $2,262,135,000 $1,161,857 $6,231 5.82%
    $150k-250k 457 $254,105,000 $556,028 $4,498 6.28%
    $100k-150k 184 $62,300,000 $338,587 $4,005 6.53%
    $75k-100k 65 $17,745,000 $273,000 $3,953 6.64%
    $50k-75k 43 $10,825,000 $251,744 $3,697 6.71%
    $50k or less 31 $34,405,000 $1,109,839 $6,182 6.55%

    Charles Schwab Bank Ssb lent most frequently to those with incomes in the $250k+ range, with 1,947 originations. The second most popular income band? $150k-250k, with 457 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 486 $401,860,000 $826,872 $5,159 6.06%
    30-36% 364 $352,540,000 $968,516 $5,592 5.99%
    50-60% 259 $282,745,000 $1,091,680 $6,252 5.86%
    <20% 249 $244,195,000 $980,703 $5,470 5.78%
    >60% 183 $212,695,000 $1,162,268 $6,584 5.66%
    42% 139 $139,805,000 $1,005,791 $5,842 6.05%
    40% 99 $113,295,000 $1,144,394 $5,249 5.97%
    44% 98 $92,760,000 $946,531 $5,555 6.10%
    49% 93 $85,805,000 $922,634 $6,110 6.35%
    48% 86 $80,050,000 $930,814 $5,950 6.21%
    41% 84 $78,910,000 $939,405 $6,052 5.93%
    38% 81 $78,075,000 $963,889 $5,252 6.01%
    43% 78 $75,650,000 $969,872 $5,582 6.05%
    39% 77 $65,635,000 $852,403 $5,245 5.99%
    37% 75 $77,475,000 $1,033,000 $6,595 6.39%
    36% 72 $69,670,000 $967,639 $6,105 5.94%
    46% 72 $73,550,000 $1,021,528 $5,728 6.15%
    45% 70 $61,540,000 $879,143 $5,106 5.94%
    47% 62 $55,260,000 $891,290 $6,900 6.15%

    Charles Schwab Bank Ssb lent most frequently to those with DTI ratios of 20-30%, with 486 originations. The next most common DTI ratio? 30-36%, with 364 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,651 $1,489,995,000 $902,480 $5,474 6.06%
    Not provided 841 $886,825,000 $1,054,489 $6,153 5.82%
    Asian 211 $238,595,000 $1,130,782 $5,576 6.02%
    Black 17 $15,965,000 $939,118 $9,625 6.62%
    American Indian 4 $7,700,000 $1,925,000 $14,933 7.18%
    Native Hawaiian or Islander 2 $1,460,000 $730,000 $4,376 6.19%
    Asian Indian 1 $975,000 $975,000 $35 5.25%

    Approval Rates

    Total approvals of all applications
    94.95%

    Charles Schwab Bank Ssb has an average approval rate.

    Pick Rate

    Approvals leading to origination
    97.98%

    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 2,727 $2,641,515,000 $968,652

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,727 $2,641,515,000 $968,652

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 396 $268,650,000 $678,409 $4,178 6.17%
    40-60% 632 $678,090,000 $1,072,927 $5,855 5.79%
    60-80% 1,252 $1,366,270,000 $1,091,270 $6,075 5.85%
    80-100% 257 $265,845,000 $1,034,416 $6,880 5.82%
    Under 20% 190 $62,660,000 $329,789 $2,946 7.41%