Chase FHA loans offer low down payment options with flexible credit score requirements. The banks down payment options are as low as 3.5%, and its credit score requirements are as low as 620 FICO. For 640 FICO and higher, Chase may require as little as a 3% down payment for a 1-unit single family residence or condominium. Customers may qualify for a $2,500 Chase Homebuyer Grant and $500 Homebuyer Education Benefit that can be used to lower closing costs and down payment. The terms range from fixed 15–, 20–, 25– or 30–year. Chase FHA loan is a great option for people interested in flexible credit score options and do not want to spend a lot of money on down payments.

Chase’s website and its various tools, including an online application, that serve as lending advisor to potential consumers. From multiple online calculators that personalize their estimates to step-by-step guides, the bank provides resources for clients to make educated decisions on their financial needs. If people prefer to conduct business on-site, there are branches in 22 states. Chase’s online application offers a tracking system for customers to know the status of their online application at all times.