Chase Mortgage: Rates, Requirements & How to Apply

Updated: October 30, 2026

Advertisement

A Chase Mortgage is a home loan from Chase Home Lending, part of JPMorgan Chase Bank, N.A., one of the largest banks in the United States. Chase offers loans to buy a home and to refinance one. Options include conventional loans with as little as 3% down, the DreaMaker℠ program, jumbo loans, and government-backed loans. This guide covers rates, requirements, fees and the steps to apply, using official Chase and U.S. government sources checked in October 2026.

If you are looking at a Chase FHA & VA loan, a conventional loan or a refinance, it helps to know a few things before you start. Your credit, your down payment and the points you pay all change your rate. You should know what the Chase Homebuyer Grant can and cannot do, and how Chase Mortgage apply online pre-approval works. We also compare Chase with Rocket Mortgage, Wells Fargo and Bank of America. All loans are subject to credit and property approval.

Quick Facts

Item	Details (as of October 2026)
Lender	JPMorgan Chase Bank, N.A. (Chase Home Lending), Member FDIC
Licensing	Chase NMLS ID 399798 (shown on chase.com); Equal Housing Opportunity lender
Loan types	Conventional (fixed and 7/6 ARM), DreaMaker, FHA, VA, jumbo, refinance (including cash-out) and HELOC
Chase sample rate	6.875% interest / 7.09% APR on a 30-year fixed conventional loan of $350,000 with 2.151 discount points, ZIP 60629 (Chicago, IL), as of October 28, 2026. Your rate will differ.
National average (Freddie Mac PMMS)	30-year fixed 7.24%, 15-year fixed 6.60% (week of October 29, 2026)
Minimum down payment	3% (conventional and DreaMaker), 3.5% (FHA), as low as 0% (VA), 15%+ (jumbo)
Maximum loan	Jumbo up to $9.5 million (per Chase)
Homebuyer help	Chase Homebuyer Grant of $2,500 or $5,000 for eligible primary homes in eligible census tracts
Apply on	chase.com/personal/mortgage (“Apply now”) or through a Chase Home Lending Advisor

Important Notice: This is an independent information guide. We are not a lender or mortgage broker, and we are not affiliated with JPMorgan Chase or any other lender named here. We do not take applications and we cannot promise approval. Rates and terms change daily, and all figures here are for information only. Always check the latest details on chase.com or with a licensed Chase Home Lending Advisor. Never pay anyone an upfront fee to “secure” a mortgage or a rate.

1. What Is a Chase Mortgage?

A Chase Mortgage is a home loan made by JPMorgan Chase Bank, N.A. Chase calls this part of the bank Chase Home Lending. You use the loan to buy a home or to replace your current mortgage with a new one (a refinance). The home secures the loan. If you stop paying, the lender can take the home through foreclosure.

JPMorgan Chase Bank, N.A. is a national bank and a Member FDIC. Its mortgage pages show the Chase NMLS ID 399798 and the “Equal Housing Opportunity” notice. The NMLS (Nationwide Multistate Licensing System) ID is how you check a mortgage company in the national registry. You can look it up yourself at nmlsconsumeraccess.org. It is a good habit with any lender.

Chase works with buyers online and through Home Lending Advisors, licensed loan officers you can meet in a branch or by phone.

2. Chase Mortgage Loan Types

Chase lists these main products. Not all are available in every state or for every amount.

Loan type	Minimum down payment (per Chase)	Key points
Conventional (conforming)	3% to 20% of the price	30-year fixed, 15-year fixed or 7/6 ARM. Follows Fannie Mae / Freddie Mac rules. PMI usually applies below 20% down.
Standard Agency	3%	Chase says it suits borrowers with higher credit scores.
DreaMaker℠	As low as 3%	30-year fixed. Income limits apply. Homebuyer education may be needed.
FHA	As low as 3.5%	Fixed terms of 15, 20, 25 or 30 years. No income limits. Mortgage insurance is required.
VA	As low as 0%	For eligible veterans, active-duty service members and National Guard / Reserve members. No monthly mortgage insurance.
Jumbo	15% or more	Up to $9.5 million. Fixed, adjustable and interest-only options. Minimum credit score and cash reserves needed.
Refinance	Not applicable	Lower your rate or payment, shorten your term, or take cash out.
HELOC	Not applicable	A line of credit against your home equity (not available in Texas).

Chase does not list USDA loans on the pages we checked. If you want a USDA rural home loan, you may need another lender.

3. Chase FHA & VA Loan Explained

Chase FHA loan. The Federal Housing Administration (FHA), part of HUD, insures FHA loans. Chase makes and services the loan. Chase lists a down payment as low as 3.5%, no income limits and “flexible credit guidelines.” HUD’s rule (Mortgagee Letter 10-29, confirmed again in Mortgagee Letter 2026-11 dated October 8, 2026) works like this:

Credit score of 580 or higher: eligible for maximum financing (the 3.5% down payment).
Credit score from 500 to 579: loan-to-value capped at 90%, which means at least 10% down.
Credit score below 500: not eligible for FHA-insured financing.

Lenders can set stricter limits than HUD’s. Chase does not publish its own minimum FHA score, so ask your advisor. Chase’s education page says FHA borrowers pay an upfront mortgage insurance premium at closing plus monthly mortgage insurance. That monthly cost often lasts for the life of the loan.

Chase VA loan. The U.S. Department of Veterans Affairs backs VA loans. Chase offers terms of 10, 15, 20, 25 or 30 years and down payments as low as 0%. VA.gov explains the main rules:

You need a VA Certificate of Eligibility (COE).
You must live in the home you buy.
You usually need no down payment if the price is not above the appraised value.
There is no PMI or MIP, but a one-time VA funding fee may apply.
You must still meet VA and lender credit and income standards.

4. Chase DreaMaker and the Chase Homebuyer Grant

DreaMaker℠ mortgage. DreaMaker is Chase’s lower-down-payment program. As of October 2026, Chase’s affordable lending page still lists it. It is a 30-year fixed loan with as little as 3% down, “flexible credit guidelines” and income limits. Chase does not publish the income limit figures, so your advisor will check them for your area. If every borrower who will live in the home is a first-time homebuyer, at least one of them must finish a homebuyer education course before closing.

Chase Homebuyer Grant. As of October 2026, Chase’s grant page lists a grant of $2,500 or $5,000. The main conditions are:

The home must be your primary residence.
The property must be in an eligible census tract. Chase has a Homebuyer Assistance Finder you can use to check an address.
The grant works with DreaMaker, Standard Agency, FHA and VA loans.
The money goes first toward lowering the interest rate (discount points), then to fees. Anything left can go toward the down payment where the product allows it.

The grant does not have to be repaid. It is not available everywhere, though. Do not count on it until a Chase advisor confirms that your address and loan qualify. Ask your advisor too about local and state down payment help, which Chase says may be available depending on location.

5. Chase Mortgage Rates and National Averages

Rates change daily and depend on your profile. Here is what Chase publishes, plus the national benchmark.

Source	Product	Rate	APR	Date and assumptions
Chase (sample)	30-year fixed conventional, purchase	6.875%	7.09%	As of 9:46 AM ET, October 28, 2026. $350,000 loan, ZIP 60629 (Chicago, IL), 2.151 discount points. Shown “for demonstration purposes.”
Freddie Mac PMMS	30-year fixed (national average)	7.24%	Not published	Week of October 29, 2026 (prior week 7.32%; a year ago 6.17%)
Freddie Mac PMMS	15-year fixed (national average)	6.60%	Not published	Week of October 29, 2026 (prior week 6.68%; a year ago 5.41%)

Note the 2.151 discount points in Chase’s sample. On a $350,000 loan, that is about $7,529 paid at closing to get the lower rate. This is why the APR (7.09%) is higher than the interest rate (6.875%). APR includes points and certain fees, so it is the better number for comparing lenders. Chase does not publish sample rates for FHA, VA, jumbo or ARM loans on its rate page. For those, use the Chase rate tool or ask an advisor for a Loan Estimate.

6. Chase Mortgage Requirements: Who Can Qualify

Chase does not publish one checklist for every loan. Its pages and federal rules point to these main factors:

Credit score: Chase does not list minimum scores for purchase loans. FHA has HUD floors of 580 for 3.5% down and 500 for 10% down. Jumbo loans need a minimum score and reserves. Chase’s HELOC page lists 680 or higher. Higher scores usually get better pricing.
Debt-to-income ratio (DTI): Your total monthly debt payments divided by your gross monthly income. The CFPB notes that DTI limits differ by loan product and lender.
Down payment: 3% for conventional and DreaMaker, 3.5% for FHA, as low as 0% for VA and 15% or more for jumbo (Chase figures).
Stable income and assets: Shown through pay stubs, W-2s, tax returns and bank statements.
Property: The home must pass an appraisal and meet the loan’s property rules.
Program rules: DreaMaker income limits, VA COE, or primary-residence rules where they apply.

7. Documents You Need

Chase says it will confirm exactly what it needs after you apply. Its pre-approval pages list these common items:

Recent pay stubs (about the last two months)
W-2 forms from the last two years
Bank statements from the last two to three months
Federal tax returns from the last one to two years (self-employed borrowers usually need more)
Details of current debts such as car loans, student loans and credit cards
Proof of homeowners insurance (before closing)
Government-issued photo ID
VA loans: Certificate of Eligibility. Refinance: your current mortgage statement.

8. Closing Costs, Points, PMI and Other Charges

Chase does not publish one fee schedule. Your exact costs appear on your Loan Estimate. These are the usual charges on a U.S. mortgage:

Charge	What it is	Where to find your amount
Discount points	Optional upfront fee to lower your rate. One point = 1% of the loan (CFPB).	Loan Estimate, page 2
Lender / origination charges	Fees for processing and underwriting the loan	Loan Estimate, section A
Third-party services	Appraisal, credit report, title, settlement, survey (varies)	Loan Estimate, sections B and C
Taxes and government fees	Recording fees and transfer taxes, set by state and county	Loan Estimate, section E
Prepaids and escrow	Homeowners insurance, prepaid interest and property tax deposits	Loan Estimate, sections F and G
PMI (conventional)	Required on conventional loans with less than 20% down	Monthly payment section
FHA mortgage insurance	Upfront premium at closing plus monthly premium	Loan Estimate
VA funding fee	One-time fee, may apply depending on eligibility	Loan Estimate

Removing PMI: Under rules the CFPB explains, you can ask in writing to cancel PMI once your balance is scheduled to reach 80% of the home’s original value, if you meet the conditions. Your servicer must generally end it automatically at 78%, as long as you are current on payments.

9. How Your Monthly Payment Works (Example)

A fixed-rate mortgage has the same principal-and-interest payment every month; early payments are mostly interest. The formula is M = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is the loan amount, r is the monthly rate and n is the number of payments.

Representative example (illustrative; excludes taxes, insurance, PMI, HOA):

Scenario	Loan amount	Rate	Term	Monthly P&I	Total interest	Total paid
Freddie Mac PMMS 30-yr average (Oct 29, 2026)	$350,000	7.24%	30 years	$2,385.24	$508,687.65	$858,687.65
Freddie Mac PMMS 15-yr average (Oct 29, 2026)	$350,000	6.60%	15 years	$3,068.15	$202,266.91	$552,266.91
Chase sample rate (Oct 28, 2026; with 2.151 points, about $7,529 upfront)	$350,000	6.875%	30 years	$2,299.25	$477,730.31	$827,730.31

The 15-year loan costs about $683 more a month but saves over $300,000 in interest. Points only pay off if you keep the loan long enough for the savings to cover the upfront cost.

10. Pre-Qualification vs Pre-Approval at Chase

Pre-qualification is a quick estimate of what you may be able to borrow, based on what you tell the lender. Pre-approval goes further. The lender checks your income, assets and credit and gives you a letter you can show sellers.

At Chase, you start pre-approval online by answering questions about yourself, your mortgage needs and your finances. Chase says starting has no impact on your credit score. A Home Lending Advisor then reviews it with you. A credit check is part of pre-approval, and Chase says its effect is “usually small and temporary.” If you are eligible, you get a digital pre-approval letter. Chase says its letters are generally valid for one to two months. A pre-approval letter is not a final loan approval. Final approval depends on underwriting, the appraisal and the property.

11. Chase Mortgage Apply Online: Step by Step

Go to the official site, chase.com/personal/mortgage. Type the address yourself rather than clicking an ad or a text message link.
Use the Chase mortgage and affordability calculators to set a comfortable budget.
Click “Apply now” and answer the pre-approval questions about income, assets, debts and the home you want.
Connect with a Home Lending Advisor. Chase links you to one after you submit, or you can use “Find your advisor” at homelendingadvisor.chase.com.
Upload the documents Chase asks for. Chase says you can manage your mortgage from application onward through Chase MyHome.
Get your pre-approval letter and make offers on homes.
Once an offer is accepted, finish the full application. Review your Loan Estimate, which is due within three business days of applying, then choose when to lock your rate.

Offline option: If you prefer to talk to someone, find a local Chase Home Lending Advisor through the advisor finder and meet at a Chase branch or by phone. The loan products are the same either way.

12. Rate Lock, Loan Status and Closing

Rate lock: A lock holds your rate and points for a set time while the loan is processed. Ask your advisor about the lock period, what it costs, and what happens if the closing date moves.

Checking your status: Track your application and upload documents through Chase MyHome when you sign in on chase.com, or ask your Home Lending Advisor. Reply quickly to requests from underwriting so the file keeps moving.

Underwriting and appraisal: Chase verifies your finances and orders an appraisal. All loans are subject to credit and property approval.

Closing Disclosure: Federal rules say you must receive it at least three business days before closing. Compare it line by line with your Loan Estimate and ask about any changes.

Closing: You sign the final papers, pay your closing costs and down payment, and get the keys. Chase also advertises an on-time closing promise on eligible purchase loans: an on-time closing “in as soon as three weeks,” or $5,000 if Chase misses it and you qualify. Ask your advisor for the full terms in writing.

13. Refinance, Cash-Out, HELOC and Paying Off Early

Refinance: Chase offers refinancing to lower your rate or payment, or shorten your term. Refinancing has closing costs, so check how long the savings take to cover them.

Cash-out refinance: Chase says you can use your equity for home upgrades, debt consolidation or large purchases. This makes your loan balance bigger and puts more of your home on the line, so borrow carefully.

Chase HELOC: Chase’s home equity page lists a sample variable rate of 8.37% as of September 18, 2026. That sample assumes a $100,000, 30-year line, up to 55% combined loan-to-value, a single-family primary home in Ohio (ZIP 43240) and excellent credit. The Prime Rate was 7% at the time. Chase says the APR will not exceed 18%. Other terms:

Borrow up to 80% of your home’s value, minus your mortgage balance.
Credit score of 680 or higher.
Not available in Texas.

Paying off early: Extra principal payments shorten your loan and cut your total interest. Before paying extra, check your note and your Closing Disclosure for any prepayment penalty, and tell your servicer to apply the extra money to principal. For servicing help after closing, call Chase Home Lending Customer Service at 1-800-848-9136.

14. Pros and Cons of a Chase Mortgage

Pros	Cons
Wide range: conventional, DreaMaker, FHA, VA, jumbo up to $9.5M, refinance and HELOC	No USDA loans listed
Publishes a dated sample rate with APR and assumptions	Sample rate includes 2.151 points; FHA/VA/jumbo samples not published
Chase Homebuyer Grant of $2,500 or $5,000 in eligible areas	Grant limited to eligible census tracts and certain loans
Online pre-approval plus local Home Lending Advisors	Minimum credit scores for purchase loans not published
On-time closing promise on eligible purchases	DreaMaker income limits not shown online
Large national bank; NMLS 399798, Member FDIC	HELOC not available in Texas

15. Chase vs Rocket Mortgage vs Wells Fargo vs Bank of America

We took the figures below from each lender’s official pages, checked October 30, 2026. The sample rates use different points and assumptions, so they cannot be compared directly. Compare Loan Estimates for the same day instead.

Feature	Chase	Rocket Mortgage	Wells Fargo	Bank of America
Legal lender / NMLS ID	JPMorgan Chase Bank, N.A. / 399798	Rocket Mortgage, LLC / 3030	Wells Fargo Bank, N.A. / 399801	Bank of America, N.A. / 399802
Published 30-yr fixed sample	6.875% rate / 7.09% APR (Oct 28, 2026; $350K, 2.151 points)	7.25% rate / 7.55% APR (Oct 30, 2026; $350K, 1.875 points, 740 score, 80% LTV)	None published; personal quote tool	None loaded on rate page during our check (assumes $200K, 740+ score, 5%+ down)
Lowest conventional down payment	3%	3% (30-yr fixed)	3%	3% (Affordable Loan Solution)
FHA / VA	Yes (3.5% / 0%)	Yes (3.5% / 0%)	Yes (3.5% / up to 100% financing)	Yes (separate FHA & VA page)
Jumbo	Yes, up to $9.5M	Yes (Jumbo Smart)	Yes	Yes
USDA	Not listed	Not offered	Not confirmed	Not confirmed
Buyer help programs	Homebuyer Grant $2,500 or $5,000 (eligible areas)	ONE+ (1% down; Rocket adds 2%, up to $7,000)	Relationship closing cost credits from $250	Down Payment Grant up to 3% / $10,000; America’s Home Grant up to $7,500

Shop at least two or three lenders and compare APR, points and total closing costs on same-day Loan Estimates.

16. Tips to Get a Better Mortgage Rate

Check your credit early. Get your free reports, fix errors and pay down card balances before you apply.
Lower your DTI. Pay off small debts and avoid new car loans or credit cards before closing.
Put more down if you can. At 20% down you avoid PMI on a conventional loan.
Compare Loan Estimates on the same day. Rates move daily, so quotes from different days are not comparable.
Understand points. Ask for quotes with and without points and work out your break-even month.
Check for grants. Ask about the Chase Homebuyer Grant and local down payment programs.
Consider a shorter term. A 15-year loan usually has a lower rate (6.60% vs 7.24% on the PMMS average) but a higher monthly payment.
Lock at the right time. Know your lock period, and keep your finances stable until closing.

17. How to Spot Mortgage Scams

Watch for these warning signs, especially near closing:

Wire fraud at closing: Scammers send fake emails that look like they come from your agent, lender or title company, with “new” wiring instructions. Before you wire any money, call your title company on a number you already know, not one from the email. The CFPB advises picking two trusted contacts early and confirming instructions by phone or in person.
Upfront-fee offers: No real lender charges you a fee to promise approval or a “special” rate before you apply. Do not pay anyone for that.
Loan modification and foreclosure-rescue scams: If you are behind on payments, talk to Chase directly or a HUD-approved housing counselor. Never pay a stranger who promises to “save” your home.
Fake lenders and look-alike websites: Type chase.com yourself and check any loan officer or company on NMLS Consumer Access (nmlsconsumeraccess.org).
Pressure to sign blank or rushed papers: A real lender gives you a Loan Estimate and a Closing Disclosure and time to read them.

If something goes wrong: Call your bank right away and ask for a wire recall. Then report it at ic3.gov (FBI), reportfraud.ftc.gov (FTC) and consumerfinance.gov/complaint (CFPB).

18. Responsible Borrowing and Customer Care

Borrow what you can repay. Budget for your full monthly cost (principal, interest, taxes, insurance, mortgage insurance, HOA) plus repairs and savings. If payments get hard, contact your servicer early or a HUD-approved housing counselor.

Customer care (official channels only):

New loans: use “Apply now” or “Find your advisor” on chase.com/personal/mortgage.
Mortgages and home equity lines: Chase Home Lending Customer Service, 1-800-848-9136 (listed on chase.com).
Unresolved complaints: submit one to the CFPB at consumerfinance.gov/complaint.

19. Frequently Asked Questions

What is the Chase mortgage rate today?
Chase’s published sample on October 28, 2026 was 6.875% (7.09% APR) for a 30-year fixed $350,000 loan with 2.151 points in Chicago. Your rate depends on your credit, down payment, location and points, so request a personal quote.

What is Chase’s NMLS ID?
Chase’s mortgage pages show NMLS ID 399798 for JPMorgan Chase Bank, N.A. You can check it on nmlsconsumeraccess.org.

Does Chase offer FHA loans?
Yes. Chase offers FHA loans with as little as 3.5% down, fixed terms of 15 to 30 years, and no income limits. Approval depends on Chase’s own review.

What credit score do I need for a Chase FHA loan?
HUD’s floor is 580 for 3.5% down and 500 to 579 with at least 10% down. Chase does not publish its own minimum, and lenders can require more.

Does Chase offer VA loans?
Yes. Eligible veterans, active-duty service members and National Guard or Reserve members can apply. Down payments start as low as 0% and there is no monthly mortgage insurance.

Is the Chase DreaMaker mortgage still offered?
Yes. As of October 2026, Chase lists DreaMaker with as little as 3% down, income limits and possible homebuyer education.

How much is the Chase Homebuyer Grant?
$2,500 or $5,000. It is for primary homes in eligible census tracts with DreaMaker, Standard Agency, FHA or VA loans.

What is the minimum down payment at Chase?
3% for conventional and DreaMaker loans, 3.5% for FHA, as low as 0% for VA, and 15% or more for jumbo loans.

Does Chase offer USDA loans?
USDA loans do not appear on the Chase loan-option pages we checked in October 2026.

How large a jumbo loan can Chase make?
Chase lists jumbo loans of up to $9.5 million, with at least 15% down for second homes and 20% for investment properties.

Can I apply for a Chase mortgage online?
Yes. Click “Apply now” on chase.com/personal/mortgage to start pre-approval. A Home Lending Advisor then reviews it with you.

Does Chase pre-approval affect my credit score?
Chase says starting the application has no impact on your score. The credit check during pre-approval has an effect Chase calls “usually small and temporary.”

How long is a Chase pre-approval letter valid?
Chase says its letters are generally valid for one to two months.

What is the difference between rate and APR?
The rate is the interest on the loan. APR includes the rate plus points and certain fees, so APR is the better number for comparing loans.

When will I get my Loan Estimate?
Within three business days after the lender receives your application.

When will I get my Closing Disclosure?
At least three business days before closing.

When can I remove PMI?
You can ask to cancel it once your balance is scheduled to reach 80% of the original home value, if you meet the conditions. It generally ends automatically at 78%.

Do I need a Chase bank account to get a Chase mortgage?
No. Chase’s pages do not list a bank account as a requirement.

What phone number should I call about my Chase mortgage?
Chase Home Lending Customer Service is 1-800-848-9136, as listed on chase.com.

Someone emailed me new wiring instructions before closing. What should I do?
Do not wire the money. Call your title company on a number you already know to confirm. If you sent money, call your bank at once and report it at ic3.gov.

20. Official Links

21. Final Words

A Chase Mortgage offers 3% down conventional and DreaMaker loans, FHA and VA loans, jumbo loans up to $9.5 million and refinancing, plus a $2,500 or $5,000 grant in eligible areas. Its dated sample rate includes more than two points, so always ask for a full Loan Estimate.

Get pre-approved, compare Loan Estimates from at least two other lenders on the same day, and check every company on NMLS Consumer Access. Never wire money without calling your title company on a known number. All loans are subject to lender approval.

Disclaimer: This article is for general information only and is not financial, legal or tax advice. We are not affiliated with JPMorgan Chase Bank, N.A., Rocket Mortgage, Wells Fargo, Bank of America, Freddie Mac or any government agency. Rates, fees and program terms come from official sources as of October 2026 and can change at any time. Please check the latest details with the lender before you apply. All loans are subject to credit and property approval. Chase, DreaMaker and other trademarks belong to their owners. Equal Housing Opportunity.