Charles Schwab Bank Ssb Mortgage Rates, Fees & Info
West lake Hills, TXLEI: 549300INFJ8TYNZ1G568
Tax ID: 42-1558009
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Review & Overview
Charles Schwab Bank Ssb is a small bank specializing in Refi and 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, San Jose, New York, and San Diego among others. We have data for 222 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 a low 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 about average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 5.54% | 12/17/24 |
| 30 Year Conventional Purchase | 5.80% | 12/17/24 |
| 30 Year Conventional Refi | 5.84% | 12/17/24 |
| 30 Year Cash-out Refi | 5.86% | 12/17/24 |
| 15 Year Conventional Purchase | 5.17% | 12/17/24 |
| 15 Year Conventional Refi | 5.19% | 12/17/24 |
| 15 Year Cash-out Refi | 5.19% | 12/17/24 |
| 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
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This is not an official calculator from Charles Schwab Bank Ssb. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,752Origination Dollar Volume (All Markets)
$1,715,960,000Employee count
582Awards
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Charles Schwab Bank SSB - 2018
Charles Schwab Bank SSB is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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) | 325 | $254,845,000 | $784,138 | $3,613 | 4.01% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 279 | $217,155,000 | $778,333 | $4,321 | 4.03% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 125 | $96,545,000 | $772,360 | $3,274 | 3.96% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 118 | $78,140,000 | $662,203 | $4,643 | 4.03% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 87 | $66,275,000 | $761,782 | $4,107 | 3.98% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 112 | $59,140,000 | $528,036 | $3,315 | 4.08% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 74 | $46,660,000 | $630,541 | $2,478 | 4.06% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 75 | $43,285,000 | $577,133 | $3,318 | 4.05% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 83 | $42,115,000 | $507,410 | $3,645 | 3.94% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 60 | $41,320,000 | $688,667 | $4,164 | 3.98% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 70 | $36,720,000 | $524,571 | $3,523 | 4.03% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 43 | $36,135,000 | $840,349 | $3,734 | 3.83% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 46 | $31,230,000 | $678,913 | $4,017 | 4.01% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 51 | $26,635,000 | $522,255 | $4,858 | 3.97% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 37 | $25,515,000 | $689,595 | $5,830 | 3.93% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 44 | $25,150,000 | $571,591 | $5,329 | 3.96% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 27 | $22,295,000 | $825,741 | $3,384 | 3.84% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 40 | $20,510,000 | $512,750 | $3,065 | 4.05% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 37 | $19,935,000 | $538,784 | $4,467 | 4.00% |
| Outside of Metro Areas | 42 | $19,910,000 | $474,048 | $3,694 | 4.06% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 28 | $18,930,000 | $676,071 | $6,012 | 4.05% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 31 | $17,335,000 | $559,194 | $5,154 | 4.00% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 26 | $16,460,000 | $633,077 | $4,843 | 4.05% |
| RENO, NV (FHA|USDA|VA) | 30 | $15,490,000 | $516,333 | $2,754 | 3.99% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 29 | $14,985,000 | $516,724 | $3,581 | 3.98% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 34 | $14,370,000 | $422,647 | $3,257 | 4.09% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 19 | $13,015,000 | $685,000 | $5,650 | 3.93% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 44 | $12,590,000 | $286,136 | $2,951 | 4.14% |
| Heber, UT (FHA|USDA|VA) | 11 | $11,775,000 | $1,070,455 | $4,343 | 3.85% |
| SALINAS, CA (FHA|USDA|VA) | 13 | $11,065,000 | $851,154 | $3,859 | 4.08% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 16 | $10,500,000 | $656,250 | $3,614 | 3.96% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 18 | $10,400,000 | $577,778 | $4,031 | 4.01% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 14 | $10,210,000 | $729,286 | $2,619 | 3.93% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 20 | $10,090,000 | $504,500 | $4,457 | 3.92% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 12 | $9,130,000 | $760,833 | $5,564 | 4.02% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 15 | $8,825,000 | $588,333 | $3,090 | 3.78% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 14 | $8,730,000 | $623,571 | $3,502 | 4.19% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 16 | $8,350,000 | $521,875 | $2,748 | 3.84% |
| TUCSON, AZ (FHA|USDA|VA) | 18 | $7,270,000 | $403,889 | $4,106 | 4.20% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 11 | $7,055,000 | $641,364 | $4,414 | 3.88% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 10 | $6,860,000 | $686,000 | $5,002 | 3.97% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 11 | $6,785,000 | $616,818 | $3,772 | 4.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 11 | $6,705,000 | $609,545 | $2,241 | 4.10% |
| SANTA FE, NM (FHA|USDA|VA) | 15 | $6,585,000 | $439,000 | $4,322 | 4.19% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 11 | $6,155,000 | $559,545 | $3,947 | 3.85% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 11 | $5,775,000 | $525,000 | $2,762 | 4.04% |
| Edwards, CO (FHA|USDA|VA) | 8 | $5,620,000 | $702,500 | $3,091 | 3.82% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 10 | $5,560,000 | $556,000 | $3,810 | 3.97% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 7 | $5,395,000 | $770,714 | $4,286 | 4.01% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 10 | $5,320,000 | $532,000 | $4,648 | 3.96% |
| BOULDER, CO (FHA|USDA|VA) | 9 | $5,255,000 | $583,889 | $2,999 | 4.16% |
| Hailey, ID (FHA|USDA|VA) | 7 | $4,885,000 | $697,857 | $5,013 | 3.79% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 10 | $4,880,000 | $488,000 | $3,862 | 3.97% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 6 | $4,870,000 | $811,667 | $3,360 | 3.93% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 11 | $4,705,000 | $427,727 | $2,627 | 4.25% |
| NAPA, CA (FHA|USDA|VA) | 9 | $4,285,000 | $476,111 | $2,311 | 4.25% |
| Glenwood Springs, CO (FHA|USDA|VA) | 4 | $4,210,000 | $1,052,500 | $6,097 | 3.61% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 6 | $4,130,000 | $688,333 | $6,243 | 3.89% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 8 | $3,920,000 | $490,000 | $4,326 | 3.92% |
| Ukiah, CA (FHA|USDA|VA) | 5 | $3,915,000 | $783,000 | $4,038 | 3.84% |
| Durango, CO (FHA|USDA|VA) | 5 | $3,825,000 | $765,000 | $2,535 | 3.71% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 8 | $3,810,000 | $476,250 | $2,187 | 3.97% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 9 | $3,795,000 | $421,667 | $1,789 | 4.29% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 7 | $3,545,000 | $506,429 | $2,130 | 4.32% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 7 | $3,365,000 | $480,714 | $1,658 | 4.03% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 5 | $3,295,000 | $659,000 | $6,363 | 3.51% |
| Breckenridge, CO (FHA|USDA|VA) | 4 | $3,170,000 | $792,500 | $2,551 | 4.05% |
| BEND, OR (FHA|USDA|VA) | 8 | $3,130,000 | $391,250 | $4,030 | 4.23% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 8 | $3,020,000 | $377,500 | $2,151 | 4.07% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 5 | $3,015,000 | $603,000 | $3,776 | 4.35% |
| Key West, FL (FHA|USDA|VA) | 4 | $2,750,000 | $687,500 | $3,818 | 4.17% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 5 | $2,745,000 | $549,000 | $1,971 | 4.07% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 6 | $2,720,000 | $453,333 | $7,597 | 3.84% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 4 | $2,690,000 | $672,500 | $3,651 | 3.91% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 4 | $2,530,000 | $632,500 | $2,136 | 3.83% |
| ASHEVILLE, NC (FHA|USDA|VA) | 6 | $2,500,000 | $416,667 | $3,167 | 4.28% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 5 | $2,455,000 | $491,000 | $5,735 | 4.02% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 6 | $2,430,000 | $405,000 | $2,939 | 4.23% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 4 | $2,420,000 | $605,000 | $3,801 | 4.09% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 5 | $2,335,000 | $467,000 | $3,347 | 3.88% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 4 | $2,330,000 | $582,500 | $4,427 | 4.04% |
| Jackson, WY-ID (FHA|USDA|VA) | 3 | $2,275,000 | $758,333 | $4,616 | 3.96% |
| BOISE CITY, ID (FHA|USDA|VA) | 6 | $2,260,000 | $376,667 | $4,821 | 4.11% |
| Steamboat Springs, CO (FHA|USDA|VA) | 3 | $2,255,000 | $751,667 | $3,809 | 3.75% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 7 | $2,055,000 | $293,571 | $2,543 | 4.39% |
| VALLEJO, CA (FHA|USDA|VA) | 5 | $2,035,000 | $407,000 | $3,009 | 4.36% |
| MADISON, WI (FHA|USDA|VA) | 4 | $1,990,000 | $497,500 | $2,788 | 3.81% |
| WILMINGTON, NC (FHA|USDA|VA) | 4 | $1,950,000 | $487,500 | $4,552 | 4.18% |
| Payson, AZ (FHA|USDA|VA) | 3 | $1,935,000 | $645,000 | $3,210 | 3.94% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 3 | $1,875,000 | $625,000 | $3,333 | 3.64% |
| Kapaa, HI (FHA|USDA|VA) | 4 | $1,870,000 | $467,500 | $4,395 | 4.11% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 4 | $1,820,000 | $455,000 | $5,139 | 3.95% |
| COLUMBUS, OH (FHA|USDA|VA) | 5 | $1,775,000 | $355,000 | $3,495 | 4.19% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 4 | $1,770,000 | $442,500 | $2,864 | 3.88% |
| Lebanon, NH-VT (FHA|USDA|VA) | 3 | $1,665,000 | $555,000 | $5,270 | 4.11% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 4 | $1,630,000 | $407,500 | $3,777 | 4.07% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 2 | $1,580,000 | $790,000 | $2,037 | 4.01% |
| KNOXVILLE, TN (FHA|USDA|VA) | 5 | $1,565,000 | $313,000 | $3,748 | 4.43% |
| FORT COLLINS, CO (FHA|USDA|VA) | 4 | $1,520,000 | $380,000 | $2,713 | 4.14% |
| RICHMOND, VA (FHA|USDA|VA) | 3 | $1,425,000 | $475,000 | $2,844 | 4.08% |
| FRESNO, CA (FHA|USDA|VA) | 2 | $1,420,000 | $710,000 | $17,007 | 3.24% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 4 | $1,400,000 | $350,000 | $3,113 | 4.13% |
| Bozeman, MT (FHA|USDA|VA) | 3 | $1,395,000 | $465,000 | $3,035 | 4.18% |
| SALEM, OR (FHA|USDA|VA) | 3 | $1,365,000 | $455,000 | $3,846 | 4.41% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 3 | $1,315,000 | $438,333 | $3,892 | 3.85% |
| PITTSBURGH, PA (FHA|USDA|VA) | 4 | $1,290,000 | $322,500 | $3,055 | 4.39% |
| ANN ARBOR, MI (FHA|USDA|VA) | 3 | $1,245,000 | $415,000 | $2,505 | 4.28% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $1,205,000 | $1,205,000 | $3,143 | 4.38% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 3 | $1,195,000 | $398,333 | $3,243 | 4.06% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 3 | $1,195,000 | $398,333 | $2,888 | 4.51% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 2 | $1,170,000 | $585,000 | $2,749 | 4.16% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 5 | $1,155,000 | $231,000 | $2,888 | 4.28% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 2 | $1,140,000 | $570,000 | $2,460 | 3.53% |
| BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) | 3 | $1,055,000 | $351,667 | $2,806 | 4.61% |
| Hilo, HI (FHA|USDA|VA) | 2 | $1,010,000 | $505,000 | $3,896 | 4.25% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $4,192 | 4.05% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 3 | $995,000 | $331,667 | $2,090 | 4.16% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 2 | $990,000 | $495,000 | $0 | 4.34% |
| GAINESVILLE, GA (FHA|USDA|VA) | 2 | $990,000 | $495,000 | $3,592 | 4.26% |
| Outside of Metro Areas | 2 | $950,000 | $475,000 | $1,843 | 4.26% |
| MODESTO, CA (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $2,128 | 4.30% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 2 | $920,000 | $460,000 | $3,994 | 4.24% |
| Brevard, NC (FHA|USDA|VA) | 2 | $910,000 | $455,000 | $4,185 | 4.10% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 4 | $910,000 | $227,500 | $2,628 | 4.75% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 2 | $890,000 | $445,000 | $5,468 | 3.18% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $2,973 | 4.22% |
| TULSA, OK (FHA|USDA|VA) | 2 | $850,000 | $425,000 | $3,663 | 4.25% |
| COLUMBIA, SC (FHA|USDA|VA) | 2 | $850,000 | $425,000 | $2,532 | 4.09% |
| Ellensburg, WA (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $3,279 | 3.95% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $825,000 | $825,000 | $96 | 4.18% |
| MEDFORD, OR (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $1,703 | 4.10% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $795,000 | $795,000 | $2,843 | 3.83% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $1,530 | 4.18% |
| Warsaw, IN (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $3,282 | 3.99% |
| Taos, NM (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $3,269 | 4.26% |
| Astoria, OR (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $2,970 | 3.84% |
| ROCHESTER, NY (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $3,071 | 4.26% |
| LOUISVILLE, KY (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $1,599 | 3.78% |
| GREELEY, CO (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $3,225 | 3.96% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 1 | $715,000 | $715,000 | $2,625 | 3.80% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $3,420 | 3.88% |
| Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $4,164 | 3.93% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $695,000 | $695,000 | $5,942 | 4.00% |
| DOVER, DE (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $3,879 | 4.10% |
| Port Angeles, WA (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $3,321 | 4.18% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $2,894 | 3.98% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $4,004 | 4.50% |
| Mineral Wells, TX (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $6,767 | 3.73% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $5,532 | 3.73% |
| ANCHORAGE, AK (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $1,753 | 3.80% |
| OCALA, FL (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $2,831 | 4.25% |
| THE VILLAGES, FL (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $5,179 | 4.65% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $3,207 | 3.80% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $4,065 | 3.93% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $2,091 | 3.90% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $3,970 | 4.40% |
| The Dalles, OR (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $3,825 | 3.78% |
| TYLER, TX (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $4,265 | 4.20% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $3,050 | 3.73% |
| NILES, MI (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $7,424 | 3.65% |
| RACINE, WI (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $2,179 | 3.38% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 4.45% |
| Spirit Lake, IA (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $1,741 | 3.93% |
| Augusta-Waterville, ME (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $1,068 | 4.10% |
| Nogales, AZ (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $3,150 | 4.25% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $2,720 | 3.60% |
| Keene, NH (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $2,844 | 4.05% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $2,612 | 3.98% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $2,489 | 4.53% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $2,775 | 4.30% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $3,370 | 4.18% |
| PITTSFIELD, MA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $9,442 | 4.00% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $3,036 | 4.51% |
| AKRON, OH (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $5,552 | 3.98% |
| DUBUQUE, IA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,180 | 4.25% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,007 | 4.35% |
| Aberdeen, WA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,737 | 3.88% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $1,886 | 4.68% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $2,447 | 4.00% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $1,606 | 4.38% |
| Greeneville, TN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,156 | 4.15% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,964 | 3.75% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,501 | 4.35% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,217 | 3.78% |
| Escanaba, MI (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $1,931 | 4.33% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,868 | 3.88% |
| APPLETON, WI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,126 | 4.13% |
| Somerset, KY (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,505 | 4.20% |
| PROVO-OREM, UT (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 4.40% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $2,840 | 4.34% |
| Sonora, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $803 | 4.50% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,638 | 3.98% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 5.49% |
| MADERA, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 4.58% |
| Torrington, CT (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,358 | 3.98% |
| Adrian, MI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,405 | 3.88% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $762 | 3.88% |
| FAIRBANKS, AK (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,034 | 3.58% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,246 | 3.88% |
| REDDING, CA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,017 | 4.23% |
| Athens, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,223 | 3.88% |
| St. Marys, GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,202 | 4.50% |
| BANGOR, ME (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,216 | 4.55% |
| ITHACA, NY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,662 | 4.50% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,093 | 4.85% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,923 | 4.23% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,426 | 4.58% |
| Coos Bay, OR (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,325 | 4.48% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,449 | 4.43% |
| ERIE, PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,915 | 3.88% |
| AMES, IA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,315 | 3.63% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,889 | 4.28% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,186 | 4.30% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,208 | 4.30% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,719 | 4.65% |
| Rutland, VT (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.75% |
| Hood River, OR (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 5.74% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,904 | 4.28% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,687 | 4.08% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,760 | 4.63% |
| ROCHESTER, MN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,347 | 4.93% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.74% |
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 2,506 | $1,653,230,000 | $659,709 | $3,823 | 3.94% |
| HELOC | 246 | $62,730,000 | $255,000 | n/a | 4.85% |
For 2018, Charles Schwab Bank Ssb's most frequently originated type of loan was Conventional, with 2,506 originations. Their 2nd most popular type was HELOC, with 246 originations.
Loan Reason
For 2018, Charles Schwab Bank Ssb's most frequently cited loan purpose was Refi, with 1,438 originations. The 2nd most popular reason was Home Purchase, with 1,146 originations.
Loan Duration/Length
For 2018, Charles Schwab Bank Ssb's most frequently cited loan duration was 30 Year, with 2,546 originations. The 2nd most popular length was 15 Year, with 183 originations.
Origination Fees/Closing Costs
Charles Schwab Bank Ssb's average total fees were $3,719, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,229 originations.
Interest Rates
During 2018, Charles Schwab Bank Ssb's average interest rate for loans was 4.03%, while their most frequently originated rate bucket for loans was 3-4%, with 1,440 originations.
Loan Sizing
2018 saw Charles Schwab Bank Ssb place emphasis on $600k-1MM loans with 969 originations, totaling $743,235,000 in origination value.
Applicant Income
Charles Schwab Bank Ssb lent most frequently to those with incomes in the $250k+ range, with 1,182 originations. The second most popular income band? $150k-250k, with 817 originations.
Applicant Debt to Income Ratio
Charles Schwab Bank Ssb lent most frequently to those with DTI ratios of 20-30%, with 419 originations. The next most common DTI ratio? 30-36%, with 370 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.58%
Charles Schwab Bank Ssb has an average approval rate.
Pick Rate
Approvals leading to origination98.47%
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 | 2,752 | $1,715,960,000 | $623,532 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 2,752 | $1,715,960,000 | $623,532 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| CHARLES SCHWAB CORPORATION, THE | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 100.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Charles Schwab Bank | 2360 Corporate Circle Suite 400 Henderson, NV 89074 | Full Service B&M | $190,937,000 |
For 2018, Charles Schwab Bank Ssb had 1 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $5,194,000 |
| Net interest income | $4,619,000 |
| Total noninterest income | $124,000 |
| Gross Fiduciary activities income | $101,000 |
| Service charges on deposit accounts | $5,000 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $18,000 |
| Pre-tax net operating income | $4,178,000 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $3,198,000 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $3,198,000 |
| Minority interest net income | $0 |
| Net income | $3,198,000 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $3,198,000 |
Charles Schwab Bank Ssb's gross interest income from loans was $5,194,000,000.
Charles Schwab Bank Ssb's net interest income from loans was $4,619,000,000.
Charles Schwab Bank Ssb's fee based income from loans was $5,000,000.
Charles Schwab Bank Ssb's net income from loans was $3,198,000,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $575,000 |
| Provision for credit losses | $-6,000 |
| Total noninterest expense | $571,000 |
| Salaries and employee benefits | $103,000 |
| Premises and equipment expense | $7,000 |
| Additional noninterest expense | $461,000 |
| Applicable income taxes | $980,000 |
| Net charge-offs | $-1,000 |
| Cash dividends | $750,000 |
Charles Schwab Bank Ssb's interest expense for loans was $575,000,000.
Charles Schwab Bank Ssb's payroll and benefits expense were $103,000,000.
Charles Schwab Bank Ssb's property, plant and equipment expenses $7,000,000.
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 | $217,843,000 |
| Deposits held in domestic offices | $217,843,000 |
| Deposits by Individuals, partnerships, and corporations | $217,840,000 |
| Deposits by U.S. Government | $2,000 |
| Deposits by States and political subdivisions in the U.S. | $1,000 |
| Deposits by Commercial banks and other depository institutions in U.S. | $0 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $20,975,000 |
| Demand deposits | $7,850,000 |
| Nontransaction accounts | $196,868,000 |
| Money market deposit accounts (MMDAs) | $193,012,000 |
| Other savings deposits (excluding MMDAs) | $3,856,000 |
| Total time deposits | $0 |
| Total time and savings deposits | $209,993,000 |
| Noninterest-bearing deposits | $776,000 |
| Interest-bearing deposits | $217,067,000 |
| Retail deposits | $208,797,000 |
| IRAs and Keogh plan accounts | $71,122,000 |
| Brokered deposits | $12,950,000 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $234,032,000 |
| Cash & Balances due from depository institutions | $21,162,000 |
| Interest-bearing balances | $21,091,000 |
| Total securities | $194,919,000 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $16,754,000 |
| Loan and leases loss allowance | $21,000 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $0 |
| Other real estate owned | $3,000 |
| Goodwill and other intangibles | $17,000 |
| All other assets | $1,177,000 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $234,032,000 |
| Total Liabilities | $218,417,000 |
| Total deposits | $217,843,000 |
| Interest-bearing deposits | $217,067,000 |
| Deposits held in domestic offices | $217,843,000 |
| % insured (estimated) | $79 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $574,000 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $16,754,000 |
| Loan and leases loss allowance | $21,000 |
| Total loans and leases (domestic) | $16,775,000 |
| All real estate loans | $11,889,000 |
| Real estate loans in domestic offices | $11,889,000 |
| 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 | $11,889,000 |
| Farmland loans | $0 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $1,161,000 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $2,980,000 |
| Credit card loans | $0 |
| Related Plans | $2,980,000 |
| Consumer Auto Loans | $0 |
| Other loans to individuals | $0 |
| All other loans & leases | $745,000 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $745,000 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $1,014,000 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $4,000 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
Charles Schwab Bank SSB had $16,754,000,000 of loans outstanding in 2018. $11,889,000,000 of loans were in real estate loans. $0 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $11,889,000,000 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 | 789 | $246,000 | $311,787 |
| Commercial & Industrial, US addressed loans - <$100k | 196 | $8,000 | $40,816 |
| Commercial & Industrial, US addressed loans - $100-250k | 217 | $38,000 | $175,115 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 376 | $200,000 | $531,915 |