Charles Schwab Bank, SSB: 2025 mortgage rates, costs & approvals
How Charles Schwab Bank, SSB priced and approved home loans in 2025, measured against every lender in the official HMDA records.
HMDA legal name: Charles Schwab Bank, SSB · LEI 549300INFJ8TYNZ1G568
In 2025, Charles Schwab Bank, SSB originated 3,978 home-purchase, refinance and cash-out loans on owner-occupied single-family homes in 51 states — 168th by volume among the 2,017 lenders profiled here.
On conventional 30-year fixed purchase loans its median rate was 5.975% (all lenders: 6.625%); its median rate spread was 38 basis points below the national median. Median conventional loan costs were $6,040, 8% higher than the national median ($5,570).
It denied 4.1% of completed home-purchase applications (all lenders: 8.5%).
How Charles Schwab Bank, SSB priced home-purchase loans
| Purchase loans, 2025 | Charles Schwab Bank, SSB | All lenders |
|---|---|---|
| 30-year fixed rate · conventional | 5.975% | 6.625% |
| 30-year fixed rate · FHA | — | 6.250% |
| 30-year fixed rate · VA | — | 6.125% |
| 15-year fixed rate · conventional | — | 5.875% |
| Rate spread vs. APOR · conventional | −0.25 pts | +0.13 pts |
| Total loan costs · conventional | $6,040 | $5,570 |
| Total loan costs · FHA | — | $11,310 |
| Total loan costs · VA | — | $6,490 |
| Origination charges (all types) | $1,200 | $1,860 |
| Borrowers paying discount points | 8.7% | 51.3% |
| Points paid, when paid (% of loan) | 0.35% | 0.87% |
| Borrowers receiving lender credits | 1.8% | 33.1% |
Medians shown with at least 20 loans. A lender's numbers reflect its borrowers (credit, down payment, loan size, location) as well as its pricing; HMDA has no credit scores. Rate spread = APR minus the average prime offer rate on the lock date, which removes most of the effect of when the rate was locked.
Loan mix and borrowers
By loan type
By purpose
Why Charles Schwab Bank, SSB denied purchase applications
First reason the lender reported for each denied home-purchase application.
Where Charles Schwab Bank, SSB lends
| State | Loans | Applications | Purchase denial rate | 30-yr rate* | Loan costs* |
|---|---|---|---|---|---|
| California | 1,190 | 1,276 | 4.3% | 5.875% | $6,800 |
| Texas | 296 | 311 | 3.6% | 5.975% | $7,390 |
| Florida | 268 | 299 | 9.6% | — | $7,370 |
| Colorado | 202 | 210 | 2.0% | — | $3,640 |
| Washington | 193 | 205 | 1.5% | — | $5,170 |
| Illinois | 159 | 169 | 3.9% | 6.000% | $6,900 |
| Arizona | 139 | 145 | 4.2% | — | $6,750 |
| New York | 133 | 145 | 8.2% | 5.950% | $5,700 |
| Massachusetts | 115 | 119 | 2.3% | — | $6,290 |
| Virginia | 104 | 109 | 1.2% | — | $5,370 |
| New Jersey | 103 | 109 | 3.6% | 5.975% | $7,340 |
| Georgia | 99 | 101 | 1.4% | — | $5,460 |
| North Carolina | 89 | 93 | 4.2% | — | $4,410 |
| Nevada | 82 | 87 | 1.5% | — | $5,390 |
| Tennessee | 70 | 77 | 3.3% | — | $4,760 |
| Maryland | 66 | 70 | 3.6% | — | $5,720 |
| Oregon | 66 | 69 | 5.7% | — | $6,090 |
| Connecticut | 65 | 68 | 0.0% | — | $7,740 |
| South Carolina | 59 | 63 | 6.3% | — | $5,300 |
| Pennsylvania | 59 | 60 | 0.0% | — | $7,990 |
| Utah | 47 | 49 | 5.1% | — | $5,010 |
| Minnesota | 37 | 37 | 0.0% | — | $4,720 |
| Ohio | 33 | 35 | 0.0% | — | $4,870 |
| Michigan | 28 | 30 | 0.0% | — | $4,040 |
| Idaho | 25 | 26 | — | — | — |
| Indiana | 25 | 25 | 0.0% | — | $3,340 |
| Missouri | 23 | 23 | — | — | — |
| District of Columbia | 22 | 23 | 5.0% | — | — |
| New Hampshire | 22 | 23 | 4.5% | — | $4,160 |
| Wisconsin | 15 | 18 | — | — | — |
| Alabama | 13 | 13 | — | — | — |
| Kentucky | 12 | 13 | — | — | — |
| Hawaii | 11 | 13 | — | — | — |
| Montana | 11 | 12 | — | — | — |
| New Mexico | 9 | 11 | — | — | — |
| Louisiana | 9 | 9 | — | — | — |
| Nebraska | 9 | 9 | — | — | — |
| Rhode Island | 9 | 9 | — | — | — |
| Arkansas | 8 | 8 | — | — | — |
| Oklahoma | 7 | 10 | — | — | — |
| Wyoming | 7 | 8 | — | — | — |
| Delaware | 7 | 7 | — | — | — |
| Maine | 6 | 8 | — | — | — |
| Kansas | 5 | 6 | — | — | — |
| Iowa | 5 | 5 | — | — | — |
| Mississippi | 5 | 5 | — | — | — |
| West Virginia | 4 | 4 | — | — | — |
| South Dakota | 3 | 3 | — | — | — |
| Vermont | 3 | 3 | — | — | — |
| North Dakota | 1 | 1 | — | — | — |
| Alaska | 0 | 1 | — | — | — |
*Conventional home-purchase loans, medians with at least 20 loans. Linked state names open Charles Schwab Bank, SSB's page for that state.
Counties where Charles Schwab Bank, SSB is a top lender
| County | Rank | Loans | Market share |
|---|---|---|---|
| Teton County, WY | 7 | 6 | 3.8% |
| Summit County, UT | 9 | 18 | 2.8% |
| San Miguel County, CO | 10 | 2 | 2.5% |
| Llano County, TX | 12 | 5 | 2.1% |
| Franklin County, FL | 11 | 2 | 1.9% |
| Marin County, CA | 14 | 43 | 1.9% |
| San Francisco County, CA | 13 | 87 | 1.7% |
| San Mateo County, CA | 16 | 82 | 1.4% |
| Sabine County, TX | 20 | 1 | 1.3% |
| Ouray County, CO | 23 | 1 | 1.2% |
| Napa County, CA | 17 | 11 | 1.2% |
| Blaine County, ID | 17 | 3 | 1.1% |
| New York County, NY | 19 | 58 | 1.1% |
| Valley County, ID | 23 | 2 | 1.1% |
| Santa Clara County, CA | 17 | 172 | 1.0% |
Check Charles Schwab Bank, SSB yourself
- FFIEC HMDA Data Browser — the official 2025 records filed under LEI 549300INFJ8TYNZ1G568.
- NMLS Consumer Access — confirm the company and loan officer are licensed in your state.
- CFPB Consumer Complaint Database — search complaints by company name.
- Compare your Loan Estimate from Charles Schwab Bank, SSB with similar 2025 loans.
This is a statistical profile, not a review or recommendation. HMDA data alone cannot show whether a lender complies with fair-lending laws, and a lender's medians depend on the borrowers it serves.
Lenders of similar size
Source: FFIEC/CFPB HMDA 2025 public LAR and filer list. Core segment: owner-occupied, single-family site-built, first-lien, closed-end purchase and refinance loans. Methodology