Charles Schwab Coronavirus Mortgage Forbearance Information

Servicer Contact Options

To learn more, call Quicken Loans at 800-279-3005. Quicken Loans will be able to assist you and discuss options available to you based on your situation.

Website: schwab.com
COVID-19 FAQ: Frequently Asked Questions


From Servicer Website

Schwab Bank COVID-19 Mortgage Payment Relief

Charles Schwab Bank is offering affected mortgage clients the ability to defer mortgage payments for up to 90 days through Charles Schwab

Am I eligible for mortgage payment relief related to COVID-19?

If you are a Schwab client who currently has a mortgage or home equity line of credit (HELOC) through Charles Schwab Bank, SSB, and Quicken Loans, you may be eligible for mortgage payment relief.

How does mortgage payment relief work if I’m impacted by COVID-19?

You can request payment relief in order to suspend your monthly mortgage payments for a period of time, up to 90 days. During this time, interest will continue to accrue on your loan.

The past due amount must be paid at the end of the 90 day period, or you can contact Quicken Loans to discuss a non-credit impacting loan modification.

There is no fee to make this request and this will not impact your credit rating.

Where can I learn more and get started?

To learn more, call Quicken Loans at 800-279-3005. Quicken Loans will be able to assist you and discuss options available to you based on your situation.

If you have forbearance questions and would like to speak to a certified housing counselor, please call the Hope Hotline at 995Hope.org

CLICK HERE for 995Hope.org

Please ask questions or report your experience with this servicer below. Your feedback will help other homeowners navigate homeownership preservation options. REMEMBER: Ask for everything in writing to protect yourself against surprises.

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