Chase Bank Mortgage Review

#14 in Mortgage Rates

 

Chase is the US consumer and commercial banking arm of JPMorgan Chase & Co. It is a global financial service that operates worldwide. Chase currently serves millions of American households providing personal banking, small business lending, credit cards, auto financing, investment products and mortgage services.

 

House Types

  • Single Family Home
  • Condominium
  • Planned Unit Developments
  • Housing Cooperatives

 

Types of Mortgages

  • Fixed Rate Mortgages
  • Adjustable Rate Mortgages
  • Jumbo Mortgages
  • FHA Mortgages
  • VA Mortgages

*** DreaMaker Mortgage

 

Qualifying

Down payment options for homebuyers can go for as little as 5% with Chase DreaMaker. Although 20% remains to be the most ideal, mortgage applications below this are available albeit it requires Private Mortgage Insurance (PMI).

 

Document Requirements

  • Social Security Number
  • Paystubs for the last 2 months
  • W-2 forms for the last 2 years
  • Latest bank statements
  • One to two years of Federal tax returns
  • Signed contract of sale (for those who have chosen a home)
  • Loans (car loans, student loans, etc.)

 

Mortgage Rates

 

 

Rate

APR

Points

# of months

Rate

Amount

30 Yr. FRM

3.625%

3.727%

1.250

359

3.625%

$980.51

15 Yr. FRM

3.000%

3.180%

1.250

179

3.000%

$1,484.75

7/1 ARM

2.875%

3.088%

1.000

84

2.875%

$892.02

5/1 ARM

2.875%

3.117%

1.000

60

2.875%

$892.02

 

Rates are based on:

  • Conforming loan amounts of $200,000 to $249,999.
  • Single family residence.
  • Purchase loan.
  • Down payment of 20%.
  • Mortgage rate lock period of 60 days.
  • Customer profile with excellent credit.

Check here, for the latest mortgage rates from Chase.

*** Mortgage Cash Back- Have your new mortgage payment automatically deducted from a Chase personal checking account and get cash back—up to $500 annually for the life of the program.

Take the cash at the end of the year, or pay down your principal to save even more.

 

Mortgage Rates at Chase Mortgage

Locking in the best mortgage rates at Chase still requires a good credit score and at least 20 percent down payment. However, homebuyers who don’t possess this quality will be happy to know that the company employs programs that cater to this type of homebuyers. Solid financial ratings and a well-rounded mortgage service makes Chase one our top choices for mortgage services.

Start your review for Chase Bank Mortgage