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  Chase Bank Home Mortgage

Chase Bank Home Mortgage

in Home Purchase Mortgages from Chase Bank · NMLS ID #399798

Claimed

Chase Bank Home Mortgage

Claimed

in Home Purchase Mortgages from Chase Bank · NMLS ID #399798

SuperMoney Net Recommendation Score +88

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +88, equating to 4.8 on a 5 point rating scale.

+88

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Strongly recommended

7 users recommend
1 user is unsure
0 users don't recommend
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Highlights
Community Rating Strongly recommended
Loan Amount $50,000 - $2,000,000
Loan Term (Years) 10 - 30 years
Credit Score Range N/A
Number of Reviews 8

Chase Bank Home Mortgage Review

Chase Bank Home Mortgage is offered by Chase Bank (NMLS #399798), a bank founded in 1877 and based in New York, NY. Chase Bank Home Mortgage is available in 50 states (and Washington, DC).

Key Takeaways
  • 4 different mortgage programs offered. Chase Bank Home Mortgage offers FHA, VA, jumbo, conforming, and conventional mortgages.
  • Specializes in single-family homes. Only offers mortgages for single-family homes, but not for multi-family properties or manufactured homes.
  • Non-standard interest rates available. Chase Bank Home Mortgage offers adjustable-rate mortgages, hybrid mortgages, and fixed-rate mortgages.
  • Primary and secondary homes considered. Investment homes, such as rental properties, do not qualify for financing. However, Chase Bank Home Mortgage does offer financing for primary and secondary homes (e.g. vacation properties).
Chase Bank Home Mortgage Pros & Cons
Pros Cons
  • $0 prepayment fee.
  • Available in all 50 states.
  • Charges an origination fee.
Chase mortgage FAQ

How much can you borrow via Chase Bank?

Chase mortgage allows borrowers to apply for loan amounts of up to $2,000,000. Note that the maximum loan amount you can borrow will also vary depending on the type of mortgage you choose, regardless of the lender you choose.

What is the maximum loan term you can get with Chase mortgage?

Chase mortgage offers mortgages with terms ranging from 10 to 30 years. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What mortgage rates does Chase Bank offer?

Mortgage rates change daily based on market conditions and vary significantly depending on the loan type and the length of the term. For instance, fixed rate mortgages will typically have a higher interest rate than mortgages with variable rates, and jumbo loans usually have higher mortgage rates than conforming conventional loans. Find the best interest rate available to you by getting quotes from three or more mortgage lenders before choosing a home loan.

Chase mortgage offers home loans with APRs starting at 2.114% .

Does Chase mortgage charge an application fee?

Do they charge mortgage origination fees?

Yes, Chase mortgage may charge a loan origination fee.

Do they charge prepayment fees?

No, there are prepayment fees. This means you will not have to pay additional fees if you decide to repay the mortgage early.

What mortgage programs are available?

Besides conventional mortgages, Chase mortgage offers the following mortgage types:

  • FHA loans: FHA loans are mortgages insured by the FHA. They offer competitive mortgage rates and have less stringent eligibility requirements. However, borrowers must pay a mortgage insurance premium. For instance, you can apply for an FHA loan with a credit score as low as 580. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
  • Jumbo loans: Any mortgage with a loan amount above the conforming loan limits set by the Federal Housing Finance Agency ($548,250 as of 2021).
  • VA loans: A zero down payment mortgage or a refinance of up to 120% of the home's value for American military members, veterans, and their spouses. VA loans offer competitive mortgage rates, and don't have a minimum credit score. However, the mortgage lenders that offer them will typically require a credit score of at least 640.

What property usage types does Chase mortgage allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Chase mortgage allows the following property usage types: 

  • Primary home

What is the customer service phone number?

The customer service number for this business card is (877) 242-7372.

What is the support contact email?

The support contact email for this business credit card is customerdepartament@chase.com.

How do people rate the customer service and user experience?

Overall, this business credit card is strongly recommended based on community reviews that rate customer service and user experience.

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Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00pm
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 5:00pm
  • Friday 9:00am - 6:00pm
  • Saturday 9:00am - 1:00pm

Other Services by Chase Bank

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

No Prepayment Fee
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
Intended Use Primary Home
Joint Loan Applications Accepted
  • Co-borrower
  • Individual Applications
Minimum Age 18
Minimum Down Payment Starting at 3%
Property Type
  • Single Family Home
  • Townhome
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
  • Recent Pay Stubs
  • Proof of Income
  • Proof of Identity
  • Government Issued Photo ID
  • Recent Bank Statements
  • Social Security Number
Primary Residence
APR Starting at 2.114%
Loan Amount $50,000 - $2,000,000
Loan Term 10 - 30 years
Interest Rate Types Offered
  • Hybrid Mortgage
  • Fixed-Rate Mortgage
  • Adjustable-Rate Mortgage (ARM)
Mortgage Programs
  • FHA
  • VA
  • Jumbo
Terms 15, 20, 30

Chase Bank Home Mortgage Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +88, equating to 4.8 on a 5 point rating scale.

+88

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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