Applications / Mortgage Analytics / Lenders / Texas / Charles Schwab Bank
Westlake, TX · State member bank · FRS · $254 billion assets · 6,065 loans in 2025
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6,065
loans originated, 2025
6,522
applications, 2025
51
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Charles Schwab Bank is a nationwide lender of very large loans, with a typical loan of $865,000, and its originations rose 46% in 2025.
Similar lenders are state member banks making between half and twice as many loans. Its typical loan was $865,000 against $217,500, the highest among them, and 47.5% of its loans were jumbo (larger than the conforming limit) against 5.1%. All its loans were conventional. California is its main state, and it ranks 11 of 459 in San Jose.
Originations rose 46% to 6,065, against 0% for similar lenders and 10% for the whole market, faster than more than nine in ten of them. That is still below 12,468 in 2021. It also bought 1,604 loans, where the typical similar lender bought 28.
LMI (low- and moderate-income) borrowers took 3.3% of its loans against 28.1%, and LMI areas 4.7% against 15.4%, both the lowest among similar lenders. Loans of this size in high-cost markets such as San Francisco and San Jose may mostly suit higher-income borrowers. Its share in majority-minority areas, 14.5% against 17.8%, was a little below the middle.
Its typical rate was 5.58% against 6.66%, the lowest among similar lenders. It turned down 4.1% of first-lien purchase applications on owner-occupied homes against 8.2%, and 5.5% of refinance applications against 19.0%.
Questions the data can answer next
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Charles Schwab Bank took 6,522 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 65.2% · Refinance 25.7% · Other 6.2% · Home improvement 2.9%
Conventional 100.0% · of 6,065 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| California | 1,748 | 28.8% |
| Florida | 485 | 8.0% |
| Texas | 359 | 5.9% |
| Colorado | 314 | 5.2% |
| Washington | 265 | 4.4% |
| Arizona | 233 | 3.8% |
| Illinois | 200 | 3.3% |
| New York | 192 | 3.2% |
| New Jersey | 178 | 2.9% |
| North Carolina | 172 | 2.8% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Los Angeles-Long Beach-Glendale | 273 |
| San Jose-Sunnyvale-Santa Clara | 231 |
| Oakland-Fremont-Berkeley | 220 |
| San Francisco-San Mateo-Redwood City | 220 |
| Phoenix-Mesa-Chandler | 177 |
| San Diego-Chula Vista-Carlsbad | 177 |
| Anaheim-Santa Ana-Irvine | 174 |
| Denver-Aurora-Centennial | 171 |
| New York-Jersey City-White Plains | 162 |
| Seattle-Bellevue-Kent | 162 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300INFJ8TYNZ1G568 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 3150447 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 124366 | 2004–2006 |
| Respondent ID (the HMDA filer code before 2018) | 418077 | 2007–2010 |
| Respondent ID (the HMDA filer code before 2018) | 93150447 | 2011–2017 |
Established 28 April 2003. Reported under HMDA 2004-2025.
Mergers, name changes, data editions and corrections: Charles Schwab Bank's data.
Charles Schwab Bank's data
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Charles Schwab Bank and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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