Chase Bank offers a variety of home mortgage solutions designed to meet a wide range of borrower needs. With flexible loan types, competitive rates, and helpful incentives, Chase makes it easier to find the right fit for your homeownership journey. Here’s what you should know.
Loan Types
Chase provides several mortgage options tailored to different financial profiles:
Conventional Loans: Available with fixed rates (15 or 30 years) or adjustable rates (such as 7/6 ARM and 10/6 ARM). Offered in both conforming and non-conforming formats.
Chase DreamMaker℠: Aimed at first-time homebuyers, this program offers fixed 30-year loans with as little as 3% down. Eligibility is based on income and buyer qualifications.
FHA Loans: Backed by the federal government, these loans require a minimum 3.5% down payment and come with 15- to 30-year fixed terms.
VA Loans: Exclusively for veterans and military service members—these offer zero down, no PMI, and fixed terms from 10 to 30 years.
Jumbo Loans: Designed for larger home purchases that exceed conventional limits, with borrowing amounts up to $9.5 million. Options include fixed, adjustable, and interest-only terms.
Interest-Only & ARMs: Available for second homes and investment properties, offering flexibility in repayment terms.
Loan Limits
Chase Bank mortgages do not impose minimum loan amounts, making them accessible to a variety of borrowers. However, here are some key benchmarks to consider:
Conventional loan limits typically follow FHFA guidelines—around $766,550, though this can be higher in certain high-cost areas.
Jumbo loan limits go up to $9.5 million, available for both primary residences and second homes.
Keep in mind that loan limits may vary depending on market conditions and internal bank policies.
Benefits and Incentives
Chase mortgages come with valuable perks to make the homebuying process smoother and more affordable:
- Chase Homebuyer Grant: Offers $2,500 to $5,000 toward closing costs for eligible buyers using DreamMaker, FHA, VA, or conforming loans in qualifying areas.
- On-Time Closing Guarantee: If Chase delays closing by more than three weeks, they may pay $5,000 to the buyer.
- Relationship Pricing: Customers with existing Chase or JPMorgan accounts may qualify for interest rate discounts ranging from 0.05% to 1%, depending on deposit and investment levels.
- Mortgage Assistance Programs: Includes support through forbearance, loan modifications, and access to the federal Homeowner Assistance Fund.
