The Chase Homebuyer Grant is available on primary residence purchases only. You may be eligible for either $2,500 or $5,000 in 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 may 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. Speak with a Chase Home Lending Advisor for more information on the savings, including the location eligibility.

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 you and the IRS, for the year in which they are awarded. We encourage you to consult with a personal tax advisor for questions about the impact to personal income tax returns.