Existing balance requirements: Under the Relationship Pricing Program, participating customers with existing eligible Chase and J.P. Morgan deposit accounts and/or J.P. Morgan Wealth Management accounts can save off the standard mortgage rate. For Adjustable-Rate Mortgages the rate discount will apply during the initial rate period only. Talk with a Chase Home Lending Advisor or visit chase.com/relationshipoffers for the rate discounts currently available. Any existing funds and/or investments funds (including funds used for down payment) that exit your accounts prior to closing will be deducted from your eligible balance amount. Chase employees are not eligible for the existing balance rate discount. Talk with a Home Lending Advisor for more information.
New money requirements: Additional rate discounts are available under the Relationship Pricing Program, based on the new deposit and/or investment assets transferred to Chase and/or J.P. Morgan Wealth Management accounts and the mortgage loan amount. For Adjustable-Rate Mortgages the rate discount will apply during the initial rate period only. Existing deposit and/or investment assets held with JPMorgan Chase & Co. and any of its affiliates are not eligible. Funds previously held at JPMorgan Chase & Co. or any of its affiliates may also not be eligible. Any existing funds or new deposit and/or investment funds (including funds used for down payment) that exit your accounts prior to closing will be deducted from your eligible transfer amount (you will not be penalized for changes in market value). If the loan amount changes prior to closing, the rate discount will be adjusted accordingly. Funds that settle in a customer’s deposit and/or investment accounts 14 calendar days or more prior to completion of a mortgage application are not eligible for the new money discount. New money funds cannot be used for more than one loan.
Combined discount: You can qualify for both the existing balance discount and the new money discount. However, new money deposit and/or investment funds cannot be applied to both discounts. The rate discount for the existing balance or the employee mortgage rate discount, combined with the net new money discount is capped at a max percentage; please talk with a Home Lending Advisor for the current cap.
Loan Closing: If the funds needed to qualify for the existing balance discount and/or the new money discount are not in the customer’s account at least 10 calendar days prior to the scheduled closing date, the customer can choose to close the loan without the rate discount or extend the closing date, for which a fee may be charged. Customer may qualify for a post-close rate discount if funds are received and settled within 30 days of closing. Post-close rate discounts may not be available to all customers and may be lower than discounts available prior to closing. The customer must sign a rate change modification to receive the post-close discount and will not receive a refund of any interest paid prior to a rate change taking effect.
Account Eligibility: Qualifying personal banking and/or investment balances will be used in determining the appropriate mortgage rate discount. However, business, deferred compensation, student, custodial, 529 college savings, donor-advised funds, select retirement accounts and non-vested RSU accounts do not qualify. This is not intended as an exhaustive list of eligible or ineligible accounts, which are subject to change; please talk with a Home Lending Advisor.
J.P. Morgan Securities LLC (JPMS), a registered broker-dealer and investment adviser, member FINRA and SIPC. Insurance products are made available through Chase Insurance Agency, Inc. (CIA), a licensed insurance agency, doing business as Chase Insurance Agency Services, Inc. in Florida. Certain custody and other services are provided by JPMorgan Chase Bank, N.A. (JPMCB). JPMS, CIA and JPMCB are affiliated companies under the common control of JPMorgan Chase & Co. Products not available in all states.
