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Chase Mortgage Review 2022: Great Rates and Homebuyer Grants – GOBankingRates

GOBankingRates Score

Quick Take: Cha…….

GOBankingRates Score

Quick Take: Chase home lending products include a number of options for both purchase loans and refinance loans. In addition to standard conventional mortgages and mortgages backed by Veterans Affairs and the Federal Housing Administration, Chase has several proprietary loan products with special features like first-time-homebuyer grants and on-time-closing guarantees.

  • Range of Loan Products

  • Interest Rates

  • Homebuyer Assistance Programs

  • Relationship Discounts

How did we calculate this?


  • Highly competitive mortgage rates
  • Generous homebuyer grant program
  • Robust selection of loans, including a propriety low-down-payment option
  • On-time closing guarantee


  • Relationship discount is difficult to qualify for
  • No home equity loan options
  • No USDA guaranteed loans

Chase Home Lending Program

Chase is the consumer and commercial banking arm of JPMorgan Chase, a financial institution with a 200-year history and $2.6 trillion in assets. As America’s largest bank, Chase provides a full range of consumer financial services, including mortgage loans for your home purchase or refinance.

The Chase Home Lending program is designed to help would-be homeowners purchase a home and help current homeowners refinance into a loan that works better with their budget or lets them leverage their equity to consolidate debt or cover major expenses. Here are some program features you should know about if you’re shopping for a mortgage loan.

Chase Housing Assistance Programs

All of Chase’s low-down-payment purchase loans are eligible for Chase Homebuyer Grants. The grants provide borrowers in select areas with $2,500 toward the purchase of a primary home. As part of JPMorgan Chase’s commitment to addressing racial inequities in housing, it’s doubling the grants for eligible buyers who purchase a home in one of the 6,700 neighborhoods Chase has identified as minority neighborhoods.

On-Time Closing Guarantee

Chase guarantees your loan will close by the date specified in your sales contract. If it doesn’t, the bank will give you $2,500 after the loan does close.

Relationship Discounts

Chase bank customers can qualify for special perks when they take out a Chase mortgage. For example, you might be eligible to have your $1,150 mortgage processing fee waived, or you could qualify for a rate discount of as much as 0.50% based on your current or new deposit- and investment-account balances. However, you’ll need balances totaling at least $500,000 to qualify for the smallest, 0.125% discount, and you’ll have to add significant funds to qualify for the …….


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