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Chase Homebuyer Grant of $2,500 or $5,000

Get $2,500 or $5,000 toward your new home in select areas across the country. Our Chase Homebuyer Grant can help you save money at closing.3

Low down payments

Pay as little as 3%2 or 3.5%9down - plus your down payment can come entirely from gift funds.

Guaranteed on-time closing or get $5,000

Our Chase Closing Guarantee promises a closing in as soon as three weeks or you'll get $5,000, if you qualify.

$2,000 Chase VA Purchase Closing Cost Benefit

When you buy a home using the VA loan program10 at Chase, you're eligible for a credit to use toward your closing costs.

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Frequently asked questions about homebuying in Chicago
What’s the Chase Homebuyer Grant and how can I find out if I qualify in Chicago?
How to qualify for homebuyer grants in Chicago?
How do I find a great real estate agent in Chicago?
The Chase Homebuyer Grant is available on primary residence purchases only. Customer may be eligible for the $2,500 or $5,000 savings when applying for a DreaMaker℠, Standard Agency, FHA and VA home purchase mortgage loan product and where applicable census tract requirements are met. Income limits and homebuyer education apply on a DreaMaker mortgage. The Chase Homebuyer Grant funds will be applied at purchase loan closing first to points on the loan, if any, then to Chase fees, then to non-Chase fees or down payment. Grant funds may not be used for the down payment on an FHA purchase loan. The Homebuyer Grant may be considered miscellaneous income and may be reportable on Form 1099- MISC (Miscellaneous Information) or Form 1042-S (Foreign Person's U.S. Source Income Subject to Withholding) to the customer and the IRS, for the year in which they are awarded. We encourage customers to consult with a personal tax advisor for questions about the impact to personal income tax returns.


1. A 3% down payment on a 30-year, fixed-rate loan of $250,000 with an interest rate of 6.625% / 7.414% APR will have 360 monthly principal and interest payments of $1,798.70. Payments shown do not include taxes and insurance. Actual payments will be higher. This is assuming a New Jersey purchase transaction, 45-day lock, 97% LTV, 720 FICO, detached single family, owner-occupied, closest to zero points, rates change daily. The APR shown is based on the interest rate and points only and does not take into account other loan-specific finance charges you may be required to pay.
2. The Chase Closing Guarantee offers assurance to customers purchasing a home with a Chase home loan that the loan will close on or before the Contract Closing Date, or the customer will receive monetary compensation in the form of a check, post-closing. Eligibility: To be eligible for the Chase Closing Guarantee, the customer must: (1) Complete a home loan application online, by telephone, or face-to-face; (2) Provide all requested supporting documentation including income/asset documents needed to make a loan decision and signed disclosures; and (3) Provide a fully-executed purchase contract that must include all pages, addendums, and required signatures. (4) Closing Date: This offer is only available for new, residential first-lien home loan applications submitted directly to Chase. If the customer is obtaining a conventional home loan, the contract closing date must be at least 21 calendar days after receipt of a completed home loan application, supporting documents, and a fully-executed purchase contract, except for a cooperative project (co-op) which requires 60 calendar days. If the customer is obtaining an FHA- or VA-insured home loan, the contract closing date must be at least 30 calendar days after receipt of a completed home loan application, supporting documents, and a fully-executed purchase contract, except for a cooperative project (co-op) which requires 60 calendar days. When an FHA/VA final inspection is required for new construction or specific home repairs, Chase guarantees closing within 5 business days from receipt of a satisfactory final inspection or satisfactory proof of final repairs. (5) Conventional Final Inspection for New Construction: For any property that receives an initial appraisal subject to repairs/completion, a final inspection is required. Chase guarantees closing within 3 business days of receipt of a satisfactory final inspection. (6) For an FHA- or VA-insured home loan on a condo, the condo must be FHA or VA (as applicable) approved at the time of submission of the home loan application. Ineligibility: The Chase Closing Guarantee does not apply in any of the following circumstances: (1) Refinances; (2) Customer- or seller-initiated changes to the original closing date documented in the purchase agreement; (3) The following customer- or seller-initiated changes within 10 days of closing: loan amount, product type, contract terms, interest rate or initial rate locks; (4) Closing date extensions due to a delay in completion of new construction, improvements or repairs being made to the subject property; (5) Failure by the customer or seller to meet contract terms and requirements, including sellerrelated delays; (6) Transactions involving Consolidation, Extension and Modification Agreements (CEMAs) or loan amounts $2 million or greater; (7) Delays due to force majeure events, including weather or a natural disaster; (8) Delays caused by third parties other than Chase-required service providers; (9) Delays due to the customer's failure to respond to Chase requests within 2 business days; And (10) Delays due to non-arm's length transactions (a purchase transaction in which a direct personal, financial or business relationship exists among any of the parties to the transaction). Chase reserves the right to amend, terminate or withdraw the Chase Closing Guarantee at any time without prior notice. Credit Card Point awards, grants, cash back, closing guarantees, and other awards ("awards") transferred to you under the terms of the program will be considered by Chase a discount of underwriting fees paid at mortgage closing. Any awards transferred at or outside closing in excess of the value of the underwriting fees may be considered miscellaneous income and may be reportable on Form 1099-MISC (Miscellaneous Information) or Form 1042-S (Foreign Person's U.S. Source Income Subject to Withholding) to you and the IRS for the year in which you participate and receive the awards. You are responsible for any tax liability related to participating in the program. Please consult your personal tax advisor for questions about the impact to your personal income tax returns.
3. The Chase VA Loan Purchase Closing Cost Benefit will be applied at closing first to points on the loan, if any, then to Chase fees, then to non-Chase fees. Closing cost benefit may not be used for the down payment and any remaining funds will be applied as a principal reduction. The benefit is available only on primary residence purchase loans and is not available for any refinance loans. The Chase VA Loan Purchase Closing Cost Benefit may be considered miscellaneous income and may be reportable on Form 1099-MISC (Miscellaneous Information) or Form 1042-S (Foreign Persons U.S. Source Income Subject to Withholding) to the customer and the IRS, for the year in which they are awarded. We encourage customers to consult with a personal tax advisor for questions about the impact to personal income tax returns.
4. The annual percentage rate (APR) is the cost of credit over the term of the loan expressed as an annual rate. The APR shown here is based on the interest rate, any points, and mortgage insurance for FHA loans. It does not take into account the processing fee or any other loan-specific finance charges you may be required to pay. Rates are estimated by state and actual rates may vary. Rate, points and APR may be adjusted based on several factors, including, but not limited to, state of property location, loan amount, documentation type, loan type, occupancy type, property type, loan to value and your credit score. Your final rate and points may be higher or lower than those quoted based on information relating to these factors, which may be determined after you apply. Tools and calculators are provided as a courtesy to help you estimate your mortgage needs. Results shown are estimates only. Speak with a Chase Home Lending Advisor for more specific information. Message and data rates may apply from your service provider. FHA loans require an up-front mortgage insurance premium (UFMIP), which may be financed, or paid at closing, and monthly premiums will apply. For the Adjustable-Rate Mortgage (ARM) product, interest is fixed for a set period of time, and adjusts periodically thereafter. At the end of the fixed-rate period, the interest and payments may increase according to future index rates. The APR may increase after the loan closes.
5. This Homebuyer assistance finder (Tool) is provided by Workforce Resource, LLC, and is not affiliated with JPMorgan Chase, N.A. (Chase). The Tool is provided as a courtesy for the purpose of finding available grants in your area. Chase does not guarantee the search results. Program availability and eligibility criteria are subject to change without notice. Neither the accuracy of program information nor the suitability of a program for your situation are guaranteed. The search results displayed should not be considered an exhaustive list of grants that may be available for you. Speak with a Chase Home Lending Advisor for more specific information or to learn about additional programs.
6. The DreaMaker mortgage is only available for purchase and no-cash-out refinance of a primary residence 1-4 unit property for 30-year fixed-rate terms. Income limits and homebuyer education apply on a DreaMaker mortgage.
7. FHA loans require an up-front mortgage insurance premium (UFMIP), which may be financed, or paid at closing, and monthly premiums will apply. FHA requires flood insurance through the National Flood Insurance Program (NFIP) if a loan is secured by property located in a Special Flood Hazard Area (SFHA). Private flood insurance is not acceptable to FHA.
8. A 3.5% down payment on a 30-year, fixed-rate loan of $250,000 with an interest rate of 6.25% / 7.277% APR will have 360 monthly principal and interest payments of $1,715.26. Payments shown do not include taxes and insurance. Actual payments will be higher. This is assuming a New Jersey purchase transaction, 45-day lock, 96.5% LTV, 720 FICO, detached single family, owner-occupied, closest to zero points, rates change daily. The APR shown is based on the interest rate and points only and does not take into account other loan-specific finance charges you may be required to pay.
9. Veterans, Servicemembers, and members of the National Guard or Reserve may be eligible for a loan guaranteed by the U.S. Department of Veteran Affairs (VA). A Certificate of Eligibility (COE) from the VA is required to document eligibility. Restrictions and limitations apply.
10. Chase Agent Express is offered by JPMorgan Chase Bank, N.A. (Chase) and HomeStory Real Estate Services, a licensed real estate broker. HomeStory Real Estate Services is not affiliated with Chase, and Chase is not responsible for the real estate services and rewards program provided by HomeStory Real Estate Services. Obtaining a mortgage from Chase is optional and not required to participate. The borrower may arrange for financing with any lender.
11. Standard Agency mortgages require at least one customer on the loan be a first-time homebuyer to be eligible for the LTV95%. Homebuyer education requirements may apply.
All home lending products except FHA Streamline and IRRRL are subject to credit and property approval. Rates, program terms and conditions are subject to change without notice. Not all products are available }" data-sheets-userformat="{2:513,3:{1:0},12:0}">1. The Chase Homebuyer Grant is available on primary residence purchases only. Customer may be eligible for the $2,500 or $5,000 savings when applying for a DreaMaker℠, Standard Agency, FHA and VA home purchase mortgage loan product and where applicable census tract requirements are met. Income limits and homebuyer education apply on a DreaMaker mortgage. The Chase Homebuyer Grant funds will be applied at purchase loan closing first to points on the loan, if any, then to Chase fees, then to non-Chase fees or down payment. Grant funds may not be used for the down payment on an FHA purchase loan. The Homebuyer Grant may be considered miscellaneous income and may be reportable on Form 1099- MISC (Miscellaneous Information) or Form 1042-S (Foreign Person's U.S. Source Income Subject to Withholding) to the customer and the IRS, for the year in which they are awarded. We encourage customers to consult with a personal tax advisor for questions about the impact to personal income tax returns.2. A 3% down payment on a 30-year, fixed-rate loan of $250,000 with an interest rate of 6.625% / 7.414% APR will have 360 monthly principal and interest payments of $1,798.70. Payments shown do not include taxes and insurance. Actual payments will be higher. This is assuming a New Jersey purchase transaction, 45-day lock, 97% LTV, 720 FICO, detached single family, owner-occupied, closest to zero points, rates change daily. The APR shown is based on the interest rate and points only and does not take into account other loan-specific finance charges you may be required to pay.3. The Chase Closing Guarantee offers assurance to customers purchasing a home with a Chase home loan that the loan will close on or before the Contract Closing Date, or the customer will receive monetary compensation in the form of a check, post-closing. Eligibility: To be eligible for the Chase Closing Guarantee, the customer must: (1) Complete a home loan application online, by telephone, or face-to-face; (2) Provide all requested supporting documentation including income/asset documents needed to make a loan decision and signed disclosures; and (3) Provide a fully-executed purchase contract that must include all pages, addendums, and required signatures. (4) Closing Date: This offer is only available for new, residential first-lien home loan applications submitted directly to Chase. If the customer is obtaining a conventional home loan, the contract closing date must be at least 21 calendar days after receipt of a completed home loan application, supporting documents, and a fully-executed purchase contract, except for a cooperative project (co-op) which requires 60 calendar days. If the customer is obtaining an FHA- or VA-insured home loan, the contract closing date must be at least 30 calendar days after receipt of a completed home loan application, supporting documents, and a fully-executed purchase contract, except for a cooperative project (co-op) which requires 60 calendar days. When an FHA/VA final inspection is required for new construction or specific home repairs, Chase guarantees closing within 5 business days from receipt of a satisfactory final inspection or satisfactory proof of final repairs. (5) Conventional Final Inspection for New Construction: For any property that receives an initial appraisal subject to repairs/completion, a final inspection is required. Chase guarantees closing within 3 business days of receipt of a satisfactory final inspection. (6) For an FHA- or VA-insured home loan on a condo, the condo must be FHA or VA (as applicable) approved at the time of submission of the home loan application. Ineligibility: The Chase Closing Guarantee does not apply in any of the following circumstances: (1) Refinances; (2) Customer- or seller-initiated changes to the original closing date documented in the purchase agreement; (3) The following customer- or seller-initiated changes within 10 days of closing: loan amount, product type, contract terms, interest rate or initial rate locks; (4) Closing date extensions due to a delay in completion of new construction, improvements or repairs being made to the subject property; (5) Failure by the customer or seller to meet contract terms and requirements, including sellerrelated delays; (6) Transactions involving Consolidation, Extension and Modification Agreements (CEMAs) or loan amounts $2 million or greater; (7) Delays due to force majeure events, including weather or a natural disaster; (8) Delays caused by third parties other than Chase-required service providers; (9) Delays due to the customer's failure to respond to Chase requests within 2 business days; And (10) Delays due to non-arm's length transactions (a purchase transaction in which a direct personal, financial or business relationship exists among any of the parties to the transaction). Chase reserves the right to amend, terminate or withdraw the Chase Closing Guarantee at any time without prior notice.Credit Card Point awards, grants, cash back, closing guarantees, and other awards ("awards") transferred to you under the terms of the program will be considered by Chase a discount of underwriting fees paid at mortgage closing. Any awards transferred at or outside closing in excess of the value of the underwriting fees may be considered miscellaneous income and may be reportable on Form 1099-MISC (Miscellaneous Information) or Form 1042-S (Foreign Person's U.S. Source Income Subject to Withholding) to you and the IRS for the year in which you participate and receive the awards. You are responsible for any tax liability related to participating in the program. Please consult your personal tax advisor for questions about the impact to your personal income tax returns.4. The Chase VA Loan Purchase Closing Cost Benefit will be applied at closing first to points on the loan, if any, then to Chase fees, then to non-Chase fees. Closing cost benefit may not be used for the down payment and any remaining funds will be applied as a principal reduction. The benefit is available only on primary residence purchase loans and is not available for any refinance loans.The Chase VA Loan Purchase Closing Cost Benefit may be considered miscellaneous income and may be reportable on Form 1099-MISC (Miscellaneous Information) or Form 1042-S (Foreign Persons U.S. Source Income Subject to Withholding) to the customer and the IRS, for the year in which they are awarded. We encourage customers to consult with a personal tax advisor for questions about the impact to personal income tax returns.5. The annual percentage rate (APR) is the cost of credit over the term of the loan expressed as an annual rate. The APR shown here is based on the interest rate, any points, and mortgage insurance for FHA loans. It does not take into account the processing fee or any other loan-specific finance charges you may be required to pay. Rates are estimated by state and actual rates may vary. Rate, points and APR may be adjusted based on several factors, including, but not limited to, state of property location, loan amount, documentation type, loan type, occupancy type, property type, loan to value and your credit score. Your final rate and points may be higher or lower than those quoted based on information relating to these factors, which may be determined after you apply. Tools and calculators are provided as a courtesy to help you estimate your mortgage needs. Results shown are estimates only. Speak with a Chase Home Lending Advisor for more specific information. Message and data rates may apply from your service provider. FHA loans require an up-front mortgage insurance premium (UFMIP), which may be financed, or paid at closing, and monthly premiums will apply. For the Adjustable-Rate Mortgage (ARM) product, interest is fixed for a set period of time, and adjusts periodically thereafter. At the end of the fixed-rate period, the interest and payments may increase according to future index rates. The APR may increase after the loan closes.6. This Homebuyer assistance finder (Tool) is provided by Workforce Resource, LLC, and is not affiliated with JPMorgan Chase, N.A. (Chase). The Tool is provided as a courtesy for the purpose of finding available grants in your area. Chase does not guarantee the search results. Program availability and eligibility criteria are subject to change without notice. Neither the accuracy of program information nor the suitability of a program for your situation are guaranteed. The search results displayed should not be considered an exhaustive list of grants that may be available for you. Speak with a Chase Home Lending Advisor for more specific information or to learn about additional programs.7. The DreaMaker mortgage is only available for purchase and no-cash-out refinance of a primary residence 1-4 unit property for 30-year fixed-rate terms. Income limits and homebuyer education apply on a DreaMaker mortgage.8. FHA loans require an up-front mortgage insurance premium (UFMIP), which may be financed, or paid at closing, and monthly premiums will apply.FHA requires flood insurance through the National Flood Insurance Program (NFIP) if a loan is secured by property located in a Special Flood Hazard Area (SFHA). Private flood insurance is not acceptable to FHA.9. A 3.5% down payment on a 30-year, fixed-rate loan of $250,000 with an interest rate of 6.25% / 7.277% APR will have 360 monthly principal and interest payments of $1,715.26. Payments shown do not include taxes and insurance. Actual payments will be higher. This is assuming a New Jersey purchase transaction, 45-day lock, 96.5% LTV, 720 FICO, detached single family, owner-occupied, closest to zero points, rates change daily. The APR shown is based on the interest rate and points only and does not take into account other loan-specific finance charges you may be required to pay.10. Veterans, Servicemembers, and members of the National Guard or Reserve may be eligible for a loan guaranteed by the U.S. Department of Veteran Affairs (VA). A Certificate of Eligibility (COE) from the VA is required to document eligibility. Restrictions and limitations apply.11. Chase Agent Express is offered by JPMorgan Chase Bank, N.A. (Chase) and HomeStory Real Estate Services, a licensed real estate broker. HomeStory Real Estate Services is not affiliated with Chase, and Chase is not responsible for the real estate services and rewards program provided by HomeStory Real Estate Services. Obtaining a mortgage from Chase is optional and not required to participate. The borrower may arrange for financing with any lender.12. Standard Agency mortgages require at least one customer on the loan be a first-time homebuyer to be eligible for the LTV95%. Homebuyer education requirements may apply.All home lending products except FHA Streamline and IRRRL are subject to credit and property approval. Rates, program terms and conditions are subject to change without notice. Not all products are available