The Mortgage Record
Lender report card · New Jersey

Charles Schwab Bank, Ssb

Lone Tree, CO · What the federal mortgage record shows about how Charles Schwab Bank, Ssb treated New Jersey applicants, 2018–2025 — 1,040 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
95.1%
989 approved
Denial rate
4.9%
51 denied
Decisions
1,040
2018–2025
Avg. rate spread
-0.23 pp
vs. market benchmark
95.1% approved
4.9% denied

Share of 1,040 New Jersey applications Charles Schwab Bank, Ssb approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional95.1% of 1,040 · NJ 87%

“NJ” = the statewide average approval rate for that loan type, for comparison.

Approval rate over time

84%88%92%96%100%88%98%95%97%93%97%93%96%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Charles Schwab Bank, Ssb’s rates ran -0.46 pp lower than the typical New Jersey lender (average rate spread -0.23 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Charles Schwab Bank, Ssb approves

By income
$75–100k92.9% · 28$100–150k89.1% · 92$150–250k95.2% · 210$250k+96.7% · 661
By debt-to-income
Under 36%96.0% · 47636–43%97.4% · 23343–50%98.4% · 184Over 50%84.4% · 147
By down payment (LTV)
20%+ down95.6% · 963

Why Charles Schwab Bank, Ssb denied applications

Debt-to-income ratio39% of denialsOther33% of denialsCollateral (value/type)33% of denialsUnverifiable information10% of denialsInsufficient cash to close4% of denialsIncomplete application2% of denials

Where Charles Schwab Bank, Ssb lends in NJ

CountyDecisionsApproval
Monmouth County16693.4%
Morris County12295.9%
Bergen County12195.0%
Cape May County11396.5%
Ocean County9694.8%
Essex County9496.8%
Mercer County6797.0%
Union County4695.7%

Fees & closing costs

Median total loan costs
$7,319
home purchase
As % of loan
0.75%
NJ median 1.93%
Priced originations
368
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Charles Schwab Bank, Ssb’s home-purchase originations — 1.18 points lower than the 1.93% New Jersey median. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

Compare Charles Schwab Bank, Ssb to other lenders for your profile

Enter your income, county, DTI and down payment to see who approves borrowers like you.

Open the approval tool →

Source: CFPB HMDA loan-level data, 2018–2025 · first-lien, closed-end mortgages on 1–4 family homes in New Jersey reported by Charles Schwab Bank, Ssb (LEI 549300INFJ8TYNZ1G568). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →