Lender profile · HMDA 2023–2025
Charles Schwab Bank, SSB mortgage approval rates & lending data
Charles Schwab Bank, SSB decided 11,574 mortgage applications and funded 10,708 loans across the 616 counties Fat Boy Data covers, 2023–2025.
Approval by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 95% | 5,808 / 6,103 | 98% | $945K | 5,720 |
| Home improvement loans | 93% | 310 / 333 | 97% | $265K | 302 |
| Cash-out refinance | 94% | 953 / 1,019 | 98% | $405K | 932 |
| Refinance | 95% | 1,640 / 1,722 | 98% | $1.10M | 1,614 |
| Investment property purchase | 92% | 1,726 / 1,871 | 98% | $685K | 1,688 |
| Investment cash-out refinance | 90% | 87 / 97 | 98% | $535K | 85 |
| Investment refinance | 90% | 318 / 353 | 96% | $855K | 306 |
| Investment home improvement | 82% | 62 / 76 | 98% | $415K | 61 |
Charles Schwab Bank, SSB lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| California | 94% | $1.17M | 3,664 | 3,379 |
| Florida | 91% | $855K | 1,065 | 961 |
| Texas | 95% | $905K | 725 | 680 |
| Colorado | 96% | $945K | 541 | 509 |
| Washington | 97% | $1.27M | 516 | 490 |
| Arizona | 94% | $805K | 494 | 463 |
| New York | 90% | $975K | 373 | 330 |
| Illinois | 94% | $805K | 369 | 345 |
| New Jersey | 94% | $845K | 353 | 322 |
| Massachusetts | 96% | $1.12M | 332 | 315 |
| North Carolina | 97% | $905K | 276 | 263 |
| Georgia | 94% | $765K | 265 | 244 |
| Virginia | 95% | $935K | 217 | 203 |
| Nevada | 91% | $805K | 212 | 187 |
| South Carolina | 95% | $875K | 202 | 187 |
Covers the 616 counties in the Fat Boy Data footprint, which is 79.6% of the US population — not every county in each state. Methodology.