What loan suits your needs?

Chase offers loans that can meet almost every mortgage need. Whether you're planning to own your home for a few years or for the long term; if your credit rating is fantastic or less than perfect; no matter what your down payment — we have a solution that can help you.

A variety of our mortgage products are shown below. A Chase loan officer can analyze your needs, explain your options and answer your questions. Give us a call at 1-800-873-6577.

Fixed rate mortgages

Loan Description Benefits
10-, 15-, 20-, 25-, 30- and 40-year fixed
Interest rate is guaranteed to remain fixed for the stated period of the loan.
  • Predictable monthly payments;
  • Ability to spread payments out over a long period of time.

Jumbo mortgages — Loans for amounts greater than conventional limits

Loan Description Benefits
10-, 15-, 20-, 25-, and 30-year fixed rate jumbo
Loans for amounts greater than conventional limits. Interest rate is guaranteed to remain fixed for the stated period of the loan.
  • Predictable monthly payments;
  • Ability to spread payments out over a long period of time.
  • Loans up to $2 million

Adjustable rate mortgages 2

Loan Description Benefits
1/1, 3/1, 5/1, 7/1 and 10/1 ARMs 10-40 year terms (-note 1/1 option not available for 40 year term)
Interest rate is fixed for 1, 3, 5, 7 or 10 years (based on the chosen ARM product), and becomes variable for the remaining loan term, adjusting every year thereafter, based on the movement of the index. For example, a 5/1 ARM would have a fixed interest rate for the first five years and then convert to an adjustable rate with annual adjustments for the remaining term of the loan.
  • Lower early payments than fixed mortgages.
  • Ability to take advantage of lower rates in the future.
  • Ideal for borrower anticipating moving in fixed payment period or shorter term ownership plans.

Interest-only mortgages 1

Loan Description Benefits
Interest-only fixed (30 year)
Loan initially requires the payment of interest only for the first 10 years. The following 20 years require a fully amortizing payment (principal and interest). Interest rate remains fixed for the entire 30 year loan term.
  • Lower initial payments than traditional 30 year mortgage.
  • Improves borrower cash flow during interest only payment period.
Interest-only ARM (3/1, 5/1, 7/1, 10/1)
Loan initially requires the payment of interest only for the first 10 years. The following 20 years require a fully amortizing payment (principal and interest). The initial interest rate change will occur on the 3rd, 5th, 7th, or 10th year (based on the chosen ARM product) and will then adjust every year thereafter for the remainder of the loan, based on the movement of the index.
  • Lower initial payments than traditional ARM mortgage.
  • Improves borrower cash flow during interest only payment period.

Affordable programs that assist first-time homebuyers. 2, 3

Loan Description Benefits
DreaMaker Opportunity
Fixed & ARM loans up to 40 year terms, used to purchase a 1-4 unit primary residence. Up to 95% financing on 1-unit residences.
  • Credit flexibilities allowed, even if you don't have perfect credit. Closing cost assistance may also be available.
FHA Fixed (10, 15, 20, 25 & 30 year term) & ARMs (1/1, 3/1, 5/1 & 7/1 - 30 year term only)
Loans that are insured by the government used to purchase or refinance 1-4 unit properties.
  • Low down payment.
  • Flexibilities if you have "less than perfect" credit.

Streamlined application and approval for Chase customers. 2

Loan Description Benefits
Home Affordable Refinance Program (HARP)
A program for customers with a mortgage serviced by Chase that allows for simplified process to refinance their mortgage. Available with Fixed or ARM loans.
  • Faster approvals and less documentation for Chase customers.

1. 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, possibly substantially, because you will be required to pay down the outstanding principal. Always consider paying more than the minimum payment to pay down the principal.

2. 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.

3. For down payments less than 20% mortgage insurance (MI) is required and MI charges apply.


Homebuying?
Refinancing?

1-800-873-6577


Related links

Our most popular loan types

(as of June 2009)

  • 30-year fixed
  • 15-year fixed
  • FHA 30-year fixed

Factors that might get you a better deal