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Luke Molito

Luke Molito

Senior Home Lending Advisor
NMLS ID: 225482
"If you are thinking about a mortgage, let me show you the next step. I'll guide you every step of the way from application through closing."
Contact Luke
Address:
349 Fifth Avenue
New York, NY 10016
US
Phone:
Primary:
Fax:
Email:
luke.e.molito@chase.com

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About Luke
Luke proudly serves clients in the New York, NY area. Luke has 17 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, condo and co-op lending, 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, Luke is here to help you find the right mortgage to fit your needs. Starting with a review of your finances, Luke can help you get a clear picture of what might work best for you. Luke 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, Luke wants to ensure that you have a positive home lending experience.

Recent Reviews

4.7 out of 5
Rating 4.7
(Based on 15 Reviews)
  • 5 out of 5
    Rating 5.0
    Excellent and professional customer service
    Response from Luke Molito
    Thank you, Jozef, for your review. We are delighted Luke Molito provided an exceptional experience. We hope you visit us again soon.
    Sincerely, Chase
  • 1 out of 5
    Rating 1.0
    Wasn't helpful and a bit dismissive. I went with another bank for the mortgage which is disappointing because I do so much business with Chase.
    Response from Luke Molito
    We appreciate you taking the time to provide us feedback. It is important for us at Chase to be flexible, and we are sorry we were unable to accommodate to your needs. If you would like to further discuss your situation, please contact our Customer Service team at 1-800-848-9136.
    Sincerely, Chase
  • 5 out of 5
    Rating 5.0
    He did a good job answering my questions.
    Great customer service.
    Response from Luke Molito
    Thank you, Clara & Young, for taking the time to leave your positive review. We are glad Luke Molito was able to answer your questions throughout the process. It is our goal to be an advisor and guide during this exciting time. The pleasure was all ours!
    Sincerely, Chase
  • 5 out of 5
    Rating 5.0
    very competent, clear and knowledgeable, great support and customer service
    Response from Luke Molito
    It was so great to hear your positive review of Luke Molito, Maria. Here at Chase we strive for excellence, so we are pleased to hear we met your expectations! Thank you for choosing Chase.
    Sincerely, Chase
  • 5 out of 5
    Rating 5.0
    Always does a great job
    Response from Luke Molito
    John, we can't thank you enough for your positive review. We are thrilled Luke Molito was able to help you. We appreciate customers like you!
    Sincerely, Chase
  • 5 out of 5
    Rating 5.0
    Very good customer service
    Response from Luke Molito
    Jackson, thank you so much for reviewing our services. We are delighted Luke Molito provided an exceptional experience. Your review is very much appreciated.
    Sincerely, Chase
  • 5 out of 5
    Rating 5.0
    Wouldn't use anyone but Luke.
    Response from Luke Molito
    Thank you, Matthew, for your review. We are delighted Luke Molito was responsive to your needs. Your review is very much appreciated.
    Sincerely, Chase
  • 5 out of 5
    Rating 5.0
    Luke is reliable and expeditious.
    Response from Luke Molito
    Thank you, John, for reviewing Luke Molito. We strive to meet the unique needs of every customer, and we are very pleased we could accommodate you. If you need assistance in the future, we will be happy to help!
    Sincerely, Chase
  • 5 out of 5
    Rating 5.0
    Luke was terrific.
    Response from Luke Molito
    Thank you, David, for reviewing Luke Molito. Here at Chase, we work hard to meet the unique needs of our customers. Thanks again for choosing Chase!
  • 5 out of 5
    Rating 5.0
    helpful and professional
    Response from Luke Molito
    Thank you, Paolo, for your review. We are delighted Luke Molito was responsive to your needs. We appreciate this thoughtful review.
    Sincerely, Chase
  • 5 out of 5
    Rating 5.0
    Very knowledgeable, efficient, courteous and responsive. Everything you would hope to get from a lending advisor. Been a wonderful experience. Highly recommended.
    Response from Luke Molito
    Thank you, Kevin, for taking the time to write a review. We are delighted Luke Molito provided an exceptional experience. Your review made our day!
    Sincerely, Chase
  • 5 out of 5
    Rating 5.0
    Luke is my go to guy! I have been dealing with him for a long time and he is an EXCELLENT person to work with, not to mention, easy to deal with and always answers my questions! He is there all the way from the beginning to the end, very important to continuity and relationship. I highly recommend him and will always enjoy working with Luke in the future.

    Thank you Luke!

    Response from Luke Molito
    Claudio, we loved reading your review. It makes us happy to hear that Luke Molito was able to answer all your questions during this process. We appreciate customers like you!
    Sincerely, Chase
  • 5 out of 5
    Rating 5.0
    Very helpful navigating all the paperwork needed, locking in a rate; responsive
    Response from Luke Molito
    It was so nice of you to leave such positive feedback of Luke Molito, Paul. We strive to find great rates for our customers and glad we could help. If you need assistance in the future, please reach out!
    Sincerely, Chase
  • 5 out of 5
    Rating 5.0
    This was a refinance for me, and working With Luke, Alan, and Denise was such a smooth and easy experience. It was a dream come true to have a team who was so present and available during the process. Not only did they answer all my questions, but they went above and beyond in everything they did.
  • 5 out of 5
    Rating 5.0
    Our home sale happened to fall during the height of the quarantine in NY and we were limited in our ability to conduct business as usual. Luke Molito, Alan Glick and the others at Chase were extremely helpful in devising ways to work around the challenges, assisting us with advice to establish a PoA and even transfer funds long distance. We really appreciated their help.
Displaying reviews 1 - 15 out of the 15 most recent

What Chase offers

Chase customers reviewing a home loan
Home loans
Whether you want to purchase a new home, refinance or access cash using the equity in your home, we offer a variety of options and expert advice to help achieve your goals.
Customer looking at the Chase mortgage application tool
Mortgage application tool
Get convenient online access to view and e-sign forms, upload documents, track your status and communicate with your Chase home lending team.
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Chase MyHomeSM dashboard
Sign in online anytime after your closing for in-depth views of your home loan, taxes, insurance, neighborhood sales trends 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.
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!”
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
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

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 topay. 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

Chase customer shaking hands with a client

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.

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) 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. 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. The APR may increase after the loan consummation 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. All home lending products 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 offered by JPMorgan Chase Bank, N.A. The statements, views and opinions expressed about a product or service received are those of the customer. All results, outcomes, and experiences may not be the same for all customers. JPMorgan Chase Bank N.A. or any of its affiliates are not liable for decisions made or actions taken in reliance on any of the information or opinions expressed.