Charles Schwab review 2024: Low fee online banking, but limited product range

Credit score: The minimum credit score you need is 620.
Down payment: You can put down nearly any amount, although most lenders require a minimum of 3% or 5% of the cost of the property.
DTI: Ideally, you’ll want your total DTI to be 36% or less, but lenders might approve you even if your DTI is higher than this.
Mortgage insurance: Expect to pay private mortgage insurance (PMI) if you put down less than 20%.

Charles Schwab Bank offers fee-free checking and savings accounts with unique perks for travelers and investors, though its interest rates fall short of other online banks.