Charles Schwab Bank · Pennsylvania · 2025

Charles Schwab Bank in Pennsylvania: approval rate, denial rate and rates (2025)

Charles Schwab Bank took 95 mortgage applications in Pennsylvania in 2025, ranking #381 of 1,114 lenders active in the state. It originated 96.8% of them and denied 2.1% (2.1% of the applications it decided), against a statewide denial rate of 18.3%.

95Applicationsin PA
2.1%Decision denial ratestate 22.2%
5.73%Median ratestate 6.63%
$595,000Median loanstate $155,000
$68MVolume20 counties

Charles Schwab Bank in Pennsylvania vs the state

2.1%Denial rate-16.18 pts vs state
2.1%Decision denial rate-20.10 pts vs state
96.8%Origination rate+35.88 pts vs state
5.73%Median rate-0.90 pts vs state
-0.17Rate spread (pts)-0.41 pts vs state
$364kMedian applicant income
92Loans originated
2Denied

Trend in Pennsylvania

YearApplicationsOriginatedDenial rateMedian rateRank in state
202349448.2%6.00%#482
202457525.3%6.19%#453
202595922.1%5.73%#381

What Charles Schwab Bank lends in Pennsylvania

By loan purpose

Home purchase 69 73% · 0.0% denied
Refinance 7 7% · 0.0% denied
Cash-out refinance 8 8% · 12.5% denied
Home improvement 4 4% · 25.0% denied
Other / HELOC 7 7% · 0.0% denied

By loan type

Conventional 95 100% · 2.1% denied

Why it denied Pennsylvania applicants

Other 1 50%
Employment history 1 50%

Where in Pennsylvania

Counties with the most Charles Schwab Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Montgomery County 15150 0.0%
Philadelphia County 14131 7.1%
Chester County 13130 0.0%
Bucks County 1091 10.0%
Allegheny County 880 0.0%
Delaware County 880 0.0%
Lancaster County 550 0.0%
Wayne County 330 0.0%
Monroe County 330 0.0%
York County 320 0.0%

Other large lenders in Pennsylvania

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 22,41118.6%6.75%
Citizens BankC 18,25628.1%7.65%
PNC BankD 18,03120.6%6.88%
United Shore Financial ServicesB 13,17813.4%6.47%
Crosscountry MortgageB 11,6153.3%6.63%
Members 1stB 10,86330.9%1.99%
First National Bank of PennsylvaniaB 9,54227.8%6.49%
Police & FireC 8,46034.6%6.25%
PENNSYLVANIA STATE EMPLOYEES Credit UnionC 8,30813.7%6.64%
Pennymac Loan ServicesC 7,90012.6%6.50%

Frequently asked questions

Pennsylvania: 95 applications in 2025, of which 92 were originated and 2 denied.

2.1% of all applications, or 2.1% of the applications it actually decided on. The Pennsylvania statewide average across all lenders was 18.3%.

The median rate on loans Charles Schwab Bank originated in Pennsylvania in 2025 was 5.73%, against a statewide median of 6.63%.

About this data. Figures are Charles Schwab Bank's own HMDA filing for properties located in Pennsylvania, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology