Purchase and Refinance:
Important program information
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.
APR: APR shown is estimated as of the date you get your loan options in the calculator and may vary, as rates can change daily. APR shown includes the customer paying approximately 1 point at closing, which is generally 1% of the loan amount, and does not include other finance charges you may be required to pay. Payments shown do not include taxes, homeowners insurance, or mortgage insurance (if applicable). Your actual rate, payment and costs could be higher. Get an official Loan Estimate before choosing a loan.
Credit scores: When you pick a credit score range in “Customize your info”, we use the following score in each range to estimate your loan options: Excellent–740, Very Good–700, Good–680, Average–660, Fair–640 and Other–619. Keep in mind: A minimum credit score of 620 is needed for loan options with less than 5% down. Loan terms may vary based on your actual credit score.
Reserves: Minimum reserves of up to 30 months of principal, interest, taxes, insurance, and any additional assessments (PITIA) may be required. If required, you must have enough money set aside after closing to make up to 30 consecutive monthly mortgage payments, including PITIA.
For loans over $5,000,000 (or certain investment property transactions): You're required to have reserves of $1,000,000 or 30% of the loan amount, whichever is greater. Other restrictions and limitations may apply.
Additional Assets: Non-Agency loans available up to $9.5 million. Additional restrictions may apply. Please contact a Chase Home Lending Advisor for details.
ARM: 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
Refinance only:
Cash-out Refinance: Cash-out Refinance: The available cash-out amount provided is only an estimate. It’s based on a percentage of your estimated home value minus the amount of your first mortgage. This doesn’t include home equity lines of credit or other liens. Closing costs, unpaid taxes and escrow balances may also affect the total cash-out available at closing. The actual amount you may be able to borrow will be determined after you apply. The maximum cash out you may be eligible to receive may range from $1 million to $2.5 million, dependent on loan -to-value and credit score. That amount is based on your property’s appraisal value, the age of your existing first lien, any other liens on your property and our other credit criteria. A cash-out refinance may not be available in all instances or for all property types. Please speak to a Chase Home Lending Advisor after you apply.
Non-Cash out Refinance: The amount you save on a refinanced mortgage may vary by loan. If a refinanced mortgage term is longer than the term remaining on your current loan, you will incur additional interest charges for the extended term.
Debt consolidation information: The amount you save on debt consolidation may vary by loan. Since a loan may have a longer term than some of the bills you may be consolidating, you may not realize a savings over the entire term of your new loan. In addition, your loan may require you to incur increased premiums, as applicable, for mortgage insurance, hazard and flood insurance, which would affect your monthly payment reduction. Certain types of federal loans, including federally guaranteed student loans, come with benefits that may be impacted if you consolidate.
Important notice to servicemembers and their dependents: A refinance 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 refinancing, please discuss with your Chase Home Lending Advisor.
Tax deductibility: JPMorgan Chase doesn't offer tax advice. Please consult your tax advisor regarding the deductibility of interest for home improvements.
Veterans, Servicemembers, and members of the National Guard or Reserve may be eligible for a loan guaranteed by the U.S. Department of Veterans Affairs (VA). A Certificate of Eligibility (COE) from the VA is required to document eligibility. Restrictions and limitations 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.
Home lending products provided by JPMorgan Chase Bank, N.A. NMLS #399798.
