The Chase Homebuyer Grant offers up to $5,000 towards closing costs and down payment to assist qualified homebuyers in the purchase of a primary residence.
Chase grant is used to pay mortgage discount points, which lower your interest rate, monthly payment, and the total amount of interest paid over the course of the mortgage.
Chase grant is meant for homebuyers with low to moderate incomes & homebuyers buying a primary house in an area with a high minority population are eligible for a grant.
When obtaining a home with a DreaMaker mortgage and finishing an eligible educational course, Chase grant may paired with the $500 Homebuyer Education Benefit.
You can obtain a mortgage through one of Chase's two programs, Standard Agency or DreaMaker. If you obtain a mortgage backed by the FHA or VA, you are qualified.