Chase Mortgage review: learn everything you need
Get to know everything you need about Chase Mortgage. In this review, learn all the perks and information before applying.
Chase Mortgage: Get competitive interest rates and down payment flexibility
For new homebuyers looking for rates transparency and a variety of loan types, Chase Mortgage might offer just what they need! But before applying, read this Chase Mortgage review.
We’ll look closely at its mortgage options, details, and more. Once you’ve finished reading, you’ll be able to make the best decision!
|620 minimum credit score
|Conventional loans, FHA, VA, Dreamaker℠ loans, and Jumbo loans
|Minimum down payment
|There are several downpayment options
|The APR depends on the loan
|The terms depend on the loan and financial status
Chase Mortgage review: what you need to know
Chase Bank is one of the most popular lenders currently in the market. It offers great mortgage options to help people achieve their goals.
It offers conventional loans, adjustable-rate loans, FHA, VA, and Jumbo. A special offer called DreamMaker loan allows borrowers to make a down payment minimum of 3%.
However, the down payment minimums might vary. The lowest you can achieve is 0%, but only with the VA loan option.
The average down payment minimum for other mortgage types is at least 3.5%, showing flexibility for homebuyers.
The term lengths range from 10 to 30 years, and borrowers can choose between fixed-rate or adjustable-rate terms.
The interest rates are not disclosed on the Chase website. So the best way to figure out what APR you’ll be paying is to get pre-approved and see which offers might be available to you.
Chase Mortgage main features
The Chase Mortgage is a great product, especially for first-time homebuyers. But it is important to compare the advantages and disadvantages of this product. Let’s check below.
- Enjoy online support;
- Apply and submit documents online;
- Offers a variety of mortgage loans;
- Enjoy a down payment minimum of 3% with the DreamMaker loan;
- Enjoy discounts in case you’re a Chase Bank customer.
- Chase Mortgage doesn’t offer USDA or HELOCs loans;
- The application is not fully online.
Credit score required to apply
Like most mortgage loans, Chase Mortgage requires a FICO score of at least 620. So remember to check your credit score before applying. The better the score, the lower the interest rates.
Chase Mortgage application process: how does it work?
Applying for this mortgage loan is easy. Through a fast online process, you can start your application!
To learn more about how to apply for the Chase Mortgage, read the following article. We’ll teach every process you need to know.
About the author / Beatriz Vieira
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