Charles Schwab Bank is offering $500 off towards the closing costs on any new purchase or refinance loan provided by Quicken Loans.
To qualify for the $500 reward, you must apply for the loan through this promotional page under the “Get Started” link or by calling Quicken Loans at 877-521-1286.
In order to participate, you must agree that Quicken Loans may share your information with Charles Schwab Bank. Offer is available for mortgages except for Home Equity Lines of Credit that close through Schwab Bank’s home lending program from Quicken Loans.
The closing cost discount will appear on your final HUD-1 statement at closing.
The offer expires Mar. 31, 2014.
There are two types of Home loans provided by Quicken Loans:
- conforming loans
- jumbo loans
Conforming mortgage loan meets Fannie Mae and Freddie Mac maximum loan limits. Jumbo mortgage loans are larger than the Fannie Mae and Freddie Mac conforming mortgage loan limits. Both loan limits are published annually by the Federal Housing Finance Agency (FHFA) and vary by county.
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