Chase Bank mortgage review
Chase Bank mortgage review

While Chase is best known for its popular travel rewards credit cards — like the Chase Sapphire Reserve® and Chase Sapphire Preferred® — this popular lender also offers mortgage options that help buyers get closer to their goal of owning their own home .

Choose to review Chase’s mortgage options, taking a closer look at factors such as interest rates, minimum down payments, terms, and other benefits. Read more about our approach below.


The best way to determine what APR or APRs Chase may offer you is to prequalify and submit your home loan application.

While mortgage rates can fluctuate frequently, the rate you get will depend heavily on your location, credit history, and credit report. Check out each lender’s website to get a better idea of ​​the types of rates they charge, but keep in mind that they vary by location and credit rating. In any case, it is important to provide the information needed to verify your Personalized Rate Plan.


Loan offerings

Chase Bank offers regular loans as well as adjustable rate mortgages, FHA loans, VA loans, and jumbo loans, but not USDA loans.

The lender also offers a special home loan called DreaMaker loan that allows homebuyers to put down a 3 percent down payment — compared to FHA loans, which require borrowers to put down at least 3.5 percent.

While this particular option is great for those with only a small down payment, it also has stricter income requirements than some other loans — according to the Chase team, annual income for eligible customers must not exceed 80% exceed the regional median income.


If you meet the income requirements for a DreaMaker loan, this can be a very attractive option, especially for those looking to put down the lowest possible down payment and spend more of their money on other home purchases.

Term lengths

Chase offers flexible repayment terms ranging from 10 to 30 years. You can also choose between fixed-rate and variable-rate mortgages.

Customer support

Home buyers can be matched with a Chase Home Loan Advisor near them by entering their address to find a Chase Home Loan Advisor near them. A home loan advisor will make sure you complete your application correctly, provide adequate documentation, and can even review a quote with you.

Minimum deposit

The minimum down payment you can make at Chase is 0% – please note that this option is only available to those who qualify for a VA loan.


Anyone who doesn’t qualify for a Chase VA home loan can still make a down payment as low as 3% by choosing the DreaMaker loan, which offers the lender’s second-lowest minimum down payment.

Continuing with an FHA loan requires you to put down at least 3.5%, while traditional loans require you to put down at least 5% of the home’s value.

For those planning to go ahead with a huge loan, keep in mind that the typical down payment for this type of loan is usually 10% of all lenders. At Chase, the minimum down payment is at least 20% of the home value.


The lender offers discounts to existing customers, but it’s demanding. To get a $500 mortgage fee rebate, you must have between $150,000 and $499,999 between your Chase deposit account and your Chase investment account, and accounts with $500,000 or more in these accounts can get up to $1,150 in processing fee rebate.

Bottom line

Thanks to the DreaMaker loan option, Chase is a reliable mortgage lender for those who want a small down payment but are not eligible for a VA loan. Keep in mind that this particular option has stricter income requirements.

While Chase offers a variety of popular home loans—VA loans, traditional loans, FHA loans, and jumbo loans—the lender doesn’t offer USDA loans. If you’re interested in USDA loans, it’s worth working with other lenders like PNC Bank that offer USDA loans.

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