Louis Vela
Senior Home Lending Advisor
NMLS ID: 228520
Connect with me:
About Louis
Louis proudly serves clients in the New Lenox, IL area. Louis has 23 years of experience as a Senior Home Lending Advisor and specializes in lending to self-employed clients, low-to-moderate income lending programs, FHA and VA mortgages, first-time homebuyer programs, and conforming loans and jumbo mortgages. Whether you're a first-time homebuyer, need to expand or downsize, or are looking for a second home, Louis is here to help you find the right mortgage to fit your needs. Starting with a review of your finances, Louis can help you get a clear picture of what might work best for you. Louis will explain your options, answer any questions you may have, keep you informed and guide you through every step of the mortgage process. Above all, Louis wants to ensure that you have a positive home lending experience.
Louis's certifications
Chase Certified in FHA Loans
Chase Certified in Chase Private Client Lending
Chase Certified in Down Payment Assistance Programs
Loans & Products
Conventional mortgage
Jumbo Mortgage1
DreaMakerSM mortgage2
FHA mortgage3
Veterans Affairs (VA) loan4
Terms and rates
My reviews
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See your loan optionsRecent Reviews
Alma L
October 5, 2023
5 out of 5
"I had the pleasure of working with Louis Vela as my mortgage advisor, and I couldn't be happier with the experience. Louis did a phenomenal job assisting me in buying my home. His expertise and dedication were truly outstanding. Louis made the complex process of securing a mortgage and navigating the home-buying journey smooth and stress-free. I felt supported every step of the way, and his guidance was invaluable. I highly recommend Louis to anyone in need of expert assistance buying a home.
Response from Chase
October 5, 2023
Thank you, Alma, for this glowing review! We are glad Louis Vela's expertise supported your recent home purchase goals. Working with you was truly our pleasure.
Sincerely, Chase
Lana L
October 2, 2023
5 out of 5
Louis Vela is an amazing guide through the maze of home ownership. His well-organized, straight-forward, informative approach left no surprises and, due to his proper planning and research, I was able to easily stay within my budget. Louis has a wonderful personality and always listened to my feedback and concerns. I never felt uncomfortable or pressured when working with Louis and he made me feel valued. I highly recommend Louis for your home lending needs and hope I get the opportunity to work with Him again in the future.
Response from Chase
October 2, 2023
Thank you, Lana, for this glowing review! We're grateful you took the time to leave Louis Vela such positive feedback. This type of experience is exactly what we strive for! Working with you was truly our pleasure.
Sincerely, Chase
Regina T
August 28, 2023
5 out of 5
I had a great experience with Louis in the home buying process. Louis has a pleasing personality and he is very patient when it comes to understanding the process. I called him several times and he responded very quickly. I will always recommend him to anyone who is in the need of a loan officer or information on home buying process.
Response from Chase
August 28, 2023
It was so great to hear your positive review of Louis Vela, Regina. Here at Chase, we work hard to meet the unique needs of our customers. We love working with customers like you and hope you'll use Chase again for any future mortgage needs.
Sincerely, Chase
Angelika G
July 27, 2023
5 out of 5
Louis was amazing. He helped me from beginning to end with everything! As a young, first time home buyer, everything was new to me. He helped me tremendously with every question I had. Couldn’t be more grateful!
Response from Chase
July 27, 2023
Angelika, we can't thank you enough for your positive review. We are thrilled Louis Vela was able to guide you through your first home purchase. If you need assistance in the future, please reach out!
Sincerely, Chase
Sue F.
July 23, 2023
5 out of 5
Lou was amazing helped me through all the technical stuff I had to download on my phone. Was always keeping me informed.
Response from Chase
July 23, 2023
Thank you, Sue, for your review. It makes us happy to hear that Louis Vela was able to answer all your questions during this process! We're glad you chose Chase and hope to work with you again in the future.
Sincerely, Chase
James S
July 23, 2023
5 out of 5
Great help with buying home, easy to talk to, and worked with me with my work hours!
Response from Chase
July 23, 2023
Thank you, James, for reviewing our services. We are thrilled Louis Vela was able to help you. It was truly our pleasure!
Sincerely, Chase
Robin Lewis
February 16, 2023
5 out of 5
I can't enough had the pleasure of working with Louis Vela.
He was extremely helpful throughout my entire mortgage process. Was always available to me and walked me through the every step of the way made me very comfortable. If I ever purchase another home or know of someone needing assistance I would definitely send them to Louis. Again he was GREAT
Randall Zorich
January 30, 2023
5 out of 5
Lou was very informative from the start of the loan process. Helped us decide what was best for our needs. Donna kept us informed throughout the loan process. Also the appraisal was completed in a very professional manner along with the closing. Overall the hole experience was very quick and would definitely use Chase in the future for a home loan.
Thank you to everyone for all their help.
Cody Lockhart
January 19, 2023
5 out of 5
Louis Vela was great to work with. He went the extra mile to contact the sellers and explain the entire loan process which made the difference in securing an accepted offer in a competitive housing market. He kept me updated the entire time and let me know what to expect throughout the process.
Janice C
May 19, 2023
5 out of 5
Thank you Louis for your excellent service.You made it happen for me in purchasing my knew home. I will refer to you the next person that is interested in a loan officer .
Response from Chase
May 19, 2023
Thank you, Janice, for reviewing our services. We are thrilled Louis Vela was able to guide you through your first home purchase. In the future, if you or anyone you know needs our assistance, we would be happy to help.
Sincerely, Chase
JoAnn G.
May 9, 2023
5 out of 5
Louis was a great partner before, during and after our closing. I can think of no better person to work with at Chase or anyone who is has a better work ethic than Louis does! I never hesitated to ask him about anything with the process and he always got the answer and gave 100% effort on our behalf! Will be happy to use him again for the next house and you should too!!!
Response from Chase
May 9, 2023
Your review of Louis Vela made us so happy, JoAnn. Here at Chase we strive for excellence, so we are pleased to hear we met your expectations! We hope you will choose Chase for any future mortgage needs.
Sincerely, Chase
Maryellen H
April 20, 2023
5 out of 5
Thank you so much Louis. You are so kind, thorough, and patient. I had so many questions and you answered all of them. If I know of anyone looking for a mortgage I will tell them about you and Chase
Response from Chase
April 20, 2023
Thank you, Maryellen, for this glowing review. We are glad Lousi Vela was able to answer your questions throughout the process. It is our goal to be an advisor and guide during this exciting time. Reviews like yours help our business grow!
Sincerely, Chase
Erasmo C.
April 20, 2023
5 out of 5
Thank you Mr.Louis vela for your patience and your professionalism. I had so many questions through this process and you went above and beyond to make my experience with Chase Bank a great one . It's the people skills , patients and communication that made this experience a great one , thanks to you Mr. Louis vela and God bless.
Response from Chase
April 20, 2023
It means so much to us that you left such positive feedback, Erasmo. We are glad Louis Vela was able to answer your questions throughout the process. It is our goal to be an advisor and guide during this exciting time. Thank you for choosing Chase!
Sincerely, Chase
Robin L
March 2, 2023
5 out of 5
Excellent
Response from Chase
March 3, 2023
Thank you, Robin, for speaking to your positive experience. We are thrilled Louis Vela was able to help you. It was a pleasure working with you and hope you'll choose Chase again in the future.
Sincerely, Chase
Robert M
February 5, 2023
5 out of 5
If you looking for someone who is very knowledgeable and passionate on getting your deal done. This is the man for the job. Louis is very responsive, and always willing to help guide you through the process. Outstanding customer experience. Thank You and looking forward to doing business in the future.
Response from Chase
February 5, 2023
Thank you, Robert, for your rave review. We are delighted Louis Vela was responsive to your needs. We appreciate customers like you.
Sincerely, Chase
Angela H.
January 25, 2023
5 out of 5
Louis was invaluable during my recent purchase of a new home. He was in constant contact without me throughout the entire process and always kept me informed during each step from beginning to end. He ensured that we closed on time and it was a flawless closing. I can not speak highly enough about Louis’ performance he was awesome! I look forward to working with Louis again in the future for the purchase of my next home. Thank you Louis!
Response from Chase
January 25, 2023
Thank you, Angela, for this glowing review. We are delighted to hear that Louis Vela provided you with such a great experience. We look forward to working with you again in the future.
Sincerely, Chase
Cody, L
January 19, 2023
5 out of 5
Louis was awesome to work with! His expertise, and knowledge made the difference in landing our desired property in a competitive marketplace. He went above and beyond to contact the sellers agent to thoroughly explain the lending process to assure them of a smooth closing process. He definitely delivered on the promise. Will recommend 10/10!!
Response from Chase
January 20, 2023
Thank you, Cody, for this glowing review. We are glad to hear Louis Vela's knowledge was helpful to you. It was a pleasure working with you and hope you'll choose Chase again in the future.
Sincerely, Chase
Donald Leon Perry
September 1, 2022
5 out of 5
Loan specialist were very professional, friendly and helpful explaining everything and helpful. Great job by Louis Vela and crew!
Dean Branson
September 15, 2022
5 out of 5
My wife was a processor for many years at Bank of America. I had not purchased a home in 32 years and this experience was beyond my expectations. Louis Vela, our loan officer was absolutely fantastic. He kept us informed throughout the process
Daniel Wetherald
September 1, 2022
5 out of 5
Louis Vela was beyond helpful and by far the best broker I have ever worked with.
Andrea Davis
August 11, 2022
5 out of 5
Louis Vela and Maureen Dillon were the best loan officers I have ever had! I am thoroughly impressed and blown away with my great experience with Chase. From start to finish, Louis and Maureen handled my mortgage loan application with care and was always available, with quick responses and communication. I am very grateful to have worked with such great professionals and I will return to Chase from now on! Best experience ever!!!
Andrea D.
October 24, 2022
5 out of 5
Exceptional customer service, very responsive, attentive, friendly, and very knowledgeable! Best Experience I’ve ever had with purchasing a home.
Response from Chase
October 24, 2022
Thank you, Andrea, for your review. We are delighted to hear that Louis Vela provided you with such a great experience. If you need assistance in the future, please reach out.
Sincerely, Chase
Rob B
September 24, 2022
5 out of 5
Louis is a first class lending advisor. His attention to details and eagerness to explain options was outstanding. Very personable and easy to work with.
Response from Chase
September 25, 2022
Thank you, Rob, for your review. We are glad that Louis Vela was able to outline all options for you during this exciting time. Working with you was truly our pleasure.
Sincerely, Chase
Lacey Edward J
July 16, 2022
5 out of 5
Louis was fantastic he meet our every need & went above & beyond to make sure every step of the way was smooth
Response from Chase
July 16, 2022
Thank you, Lacey , for this glowing review! We are delighted Louis Vela provided an exceptional experience. If you need assistance in the future, please reach out!
Sincerely, Chase
Jacqueline M Brown
June 15, 2022
5 out of 5
Excellent service,I would Not exchange Mr Louis for no one else !!!
Response from Chase
June 15, 2022
Hi, Jacqueline, we wanted to reach out and say “Thanks!” for your positive feedback. We are delighted to hear that Louis Vela provided you with such a great experience. It was our pleasure to help you with your loan.
Sincerely, Chase
Bonnie G
June 10, 2022
5 out of 5
I can't say enough about the help Louis gave me. He helped online and in-person every step of the loan. I felt very safe in the whole process.
Response from Chase
June 10, 2022
It was so nice of you to leave such positive feedback of Louis Vela, Bonnie. Here at Chase we stride for excellence, so we are pleased to hear we met your expectations! We appreciate customers like you!
Sincerely, Chase
Ryan J L
May 26, 2022
5 out of 5
Louis did an amazing job getting our loan dialed in a timely fashion. He made the loan process as smooth as possible from cradle to grave. He's very thorough and he explains every step along the way. He communicates very well and he is extremely knowledgeable. He sets the right expectations and from application to closing we were done in 3 weeks. I was overwhelmed with Joy how smooth everything went. I would recommend Louis to my family and friends, he's a must if you are looking to purchase or refinance
Response from Chase
May 26, 2022
Ryan, your review made us smile! We are delighted Louis Vela provided an exceptional experience. We hope we get a chance to work with you again in the future.
Sincerely, Chase
Ryan M
May 6, 2022
5 out of 5
Louis is so beyond helpful and available when we needed him. In this stressful and fast-paced market, working with Louis was the easiest part of buying our home. I have already recommended him to everyone I know that's looking into buying a home and so should you. He was very approachable and personable when talking to him. I will hopefully be able to use him again next time I buy a home.
Response from Chase
May 9, 2022
Ryan, we can't thank you enough for your positive review. Purchasing a home can be stressful. We're glad to hear that Louis Vela made the process so smooth for you. Working with you was truly our pleasure.
Sincerely, Chase
Luis G
May 2, 2022
5 out of 5
The best home lending Advisor I’ve worked with! Explained Everything in detail and was always there answering my texts and phone calls with questions I had. I highly recommend him!!
Response from Chase
May 4, 2022
Your review of Louis Vela made us smile, Luis. Every customer has different needs and each situation is unique. It is important for us to stay as flexible as possible - glad we could do that for you. Reviews like yours help our business grow!
Sincerely, Chase
Frank F.
February 14, 2022
5 out of 5
Louis Vela is great to work with. Helps to make a great experience and is easy to work with. Thank you for all your help.
Response from Chase
February 16, 2022
It makes us so happy to hear about your positive experience, Frank. We are thrilled Lou Vela was able to help you. If you need assistance in the future, please reach out!
Sincerely, Chase
Kathy Santoianni
May 14, 2020
5 out of 5
Everyone handling my loan was so very helpful, no matter how many questions and calls I made. Thank you
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Facing the housing affordability crisis
Building on our existing investments, we are helping drive inclusive growth by committing $30 billion by the end of 2025 to advance economic growth and opportunity for Black, Hispanic and Latino communities
40K
Home loans
Originate additional home purchase loans for Black, Hispanic and Latino households.
100K
Affordable housing units
Finance the creation and preservation of affordable housing units in underserved communities.
1M
Improving access
Help people open low-cost checking or savings accounts.
Benefits of working with a Chase Home Lending Advisor
See how our Home Lending Advisors are ready to help you with everything from prequalification to finding the right loan, application guidance and more.
Frequently Asked Questions
When is it time to stop renting and buy a home?
When debating between renting vs. buying, you need to think about your lifestyle and finances. While renting can provide more flexibility, owning a home enables you to build equity in the property and may provide tax benefits.
Buying a home is a huge step, especially when you’re moving from renting to owning.
Buying a home is a huge step, especially when you’re moving from renting to owning.
How can I get information on mortgage loan options?
At Chase, you can choose from several types of mortgage loans to finance your home purchase. A Home Lending Advisor can help you understand the differences between the various loan options so you find one that best suits your financial situation.
Once you understand what you want out of a home, determining your housing budget is essential. After determining a loose housing budget, you'll need to decide how much you'll be comfortable paying each month. Your real estate agent will help you find the right home based on all of these factors. Looking for more information? Read our guide on “How to Find the Perfect Home!”
Once you understand what you want out of a home, determining your housing budget is essential. After determining a loose housing budget, you'll need to decide how much you'll be comfortable paying each month. Your real estate agent will help you find the right home based on all of these factors. Looking for more information? Read our guide on “How to Find the Perfect Home!”
What documents will I need to apply for a mortgage?
Traditional loans usually require documents that verify your employment, income and assets, and may include:
• Your Social Security number
• Pay stubs for the last two months
• W-2 forms for the past two years
• Bank statements for the past two or three months
• One to two years of federal tax returns
• A signed contract of sale (if you've already chosen your new home)
• Information on current debt, including car loans, student loans and credit cards
• Your Social Security number
• Pay stubs for the last two months
• W-2 forms for the past two years
• Bank statements for the past two or three months
• One to two years of federal tax returns
• A signed contract of sale (if you've already chosen your new home)
• Information on current debt, including car loans, student loans and credit cards
What is better: a fixed or an adjustable interest rate?
If you plan to be in your home for more than seven years, you may want to consider a fixed-rate mortgage, which offers predictable payments and long-term protection against rising mortgage interest rates. If you plan to be in your home for seven years or less, an adjustable-rate mortgage (ARM) could be attractive. Keep in mind that with an ARM, your monthly payments have the potential to go up each time your interest rate adjusts.
Current Chase mortgage rates
Purchase
Refinance
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.
Purchase Rates: Rates displayed in the table include approximately 1 point and are based on the following assumptions: conforming 30 year fixed, 15 year fixed, 7/6 ARM and 5/6 ARM based on a loan amount of $300,000 to $349,999 with a down payment of 20%. 30 year fixed FHA based on a loan amount of $200,000 to $249,999 with a down payment of 3.5%. 30 year fixed Jumbo based on a loan amount of $1,000,000 to $1,049,999 with a down payment of 30%. All loans assume a single family residence, purchase loan, mortgage rate lock period of 30 days and customer profile with excellent credit. See estimated monthly payments
Refinance Rates: Rates displayed in the table include approximately 1 point and are based on the following assumptions: conforming 30 year fixed, 15 year fixed, 7/6 ARM and 5/6 ARM based on a loan amount of $300,000 to $349,999 with a loan-to-value of 75%. 30 year Jumbo based on a loan amount of $1,000,000 to $1,049,999 with a loan-to-value of 70%. All loans assume a single family residence, refinance loan, mortgage rate lock period of 45 days in all states except NY which has a rate lock period of 60 days and customer profile with excellent credit. See estimated monthly payments
Depending upon your credit profile, interest-only loans are available and provide for the payment of interest only for a set period of time, and payments of principal and interest thereafter for the remainder of the loan term. While making interest-only payments, principal is not reduced. At the end of this period, your monthly payment will increase.
Purchase Rates: Rates displayed in the table include approximately 1 point and are based on the following assumptions: conforming 30 year fixed, 15 year fixed, 7/6 ARM and 5/6 ARM based on a loan amount of $300,000 to $349,999 with a down payment of 20%. 30 year fixed FHA based on a loan amount of $200,000 to $249,999 with a down payment of 3.5%. 30 year fixed Jumbo based on a loan amount of $1,000,000 to $1,049,999 with a down payment of 30%. All loans assume a single family residence, purchase loan, mortgage rate lock period of 30 days and customer profile with excellent credit. See estimated monthly payments
Refinance Rates: Rates displayed in the table include approximately 1 point and are based on the following assumptions: conforming 30 year fixed, 15 year fixed, 7/6 ARM and 5/6 ARM based on a loan amount of $300,000 to $349,999 with a loan-to-value of 75%. 30 year Jumbo based on a loan amount of $1,000,000 to $1,049,999 with a loan-to-value of 70%. All loans assume a single family residence, refinance loan, mortgage rate lock period of 45 days in all states except NY which has a rate lock period of 60 days and customer profile with excellent credit. See estimated monthly payments
Depending upon your credit profile, interest-only loans are available and provide for the payment of interest only for a set period of time, and payments of principal and interest thereafter for the remainder of the loan term. While making interest-only payments, principal is not reduced. At the end of this period, your monthly payment will increase.
About Chase Home Lending
Whether you want to purchase a new home, refinance for a lower rate or use your home's equity for updates, we're ready to help you make it happen. You get a variety of powerful online mortgage tools and resources, a dedicated Chase Home Lending Advisor with you every step of the way and access to a personal online site for regular updates about your loan, neighborhood home sales and more.
1. Loans up to 85% of a home's value are available on a purchase or refinance with no cash back, subject to property type, a required minimum credit score and a minimum amount of monthly reserves (i.e., you must set aside enough money in reserve to make a specified number of monthly mortgage payments principal, interest, taxes, insurance and assessments after the loan closes). Product restrictions apply. Jumbo loans available up to $9.5 million. For loan amounts greater than $3MM (or $2MM for investment properties), customers must meet post-closing asset requirements to qualify. Additional restrictions may apply. Please contact a Chase Home Lending Advisor for details.
2. 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.
3. FHA loans require an up-front mortgage insurance premium (UFMIP), which may be financed, or paid at closing, and monthly premiums will apply.
4. 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.
5. Property search is provided by HouseCanary, Inc. (HouseCanary), a licensed real estate brokerage. HouseCanary, powered by ComeHome, is not affiliated with JPMorgan Chase, N.A. (Chase). ComeHome is provided to you as a courtesy. Chase is not responsible for the real estate services and the search results provided by ComeHome. Restrictions and limitations apply to the access of Chase MyHome.
6. 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.
7. Important Notice to Servicemembers and Their Dependents: This refinance offer may not be advantageous to you if you are currently eligible for benefits provided by the Servicemembers Civil Relief Act (SCRA). If you are an SCRA-eligible customer and have questions about the SCRA or about this refinance offer, please discuss with your Home Lending Advisor. The amount you save on a refinanced mortgage may vary by loan. If a refinanced mortgage has a longer term than remains on your current loan, you will incur additional interest charges for the extended term.
8. 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.
9. 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.
The NMLS ID is a unique identification number that is issued by the Nationwide Mortgage Licensing System and Registry (NMLS) to each Mortgage Loan Originator (MLO)
JPMorgan Chase does not offer tax advice. Please consult your tax advisor about the deductibility of interest and other charges.
All home lending products except IRRRL are subject to credit and property approval. Rates, program terms and conditions are subject to change without notice. Not all products are available in all states or for all amounts. Other restrictions and limitations apply.
Home lending products provided by JPMorgan Chase Bank, N.A. Member FDIC
2. 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.
3. FHA loans require an up-front mortgage insurance premium (UFMIP), which may be financed, or paid at closing, and monthly premiums will apply.
4. 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.
5. Property search is provided by HouseCanary, Inc. (HouseCanary), a licensed real estate brokerage. HouseCanary, powered by ComeHome, is not affiliated with JPMorgan Chase, N.A. (Chase). ComeHome is provided to you as a courtesy. Chase is not responsible for the real estate services and the search results provided by ComeHome. Restrictions and limitations apply to the access of Chase MyHome.
6. 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.
7. Important Notice to Servicemembers and Their Dependents: This refinance offer may not be advantageous to you if you are currently eligible for benefits provided by the Servicemembers Civil Relief Act (SCRA). If you are an SCRA-eligible customer and have questions about the SCRA or about this refinance offer, please discuss with your Home Lending Advisor. The amount you save on a refinanced mortgage may vary by loan. If a refinanced mortgage has a longer term than remains on your current loan, you will incur additional interest charges for the extended term.
8. 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.
9. 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.
The NMLS ID is a unique identification number that is issued by the Nationwide Mortgage Licensing System and Registry (NMLS) to each Mortgage Loan Originator (MLO)
JPMorgan Chase does not offer tax advice. Please consult your tax advisor about the deductibility of interest and other charges.
All home lending products except IRRRL are subject to credit and property approval. Rates, program terms and conditions are subject to change without notice. Not all products are available in all states or for all amounts. Other restrictions and limitations apply.
Home lending products provided by JPMorgan Chase Bank, N.A. Member FDIC