Chase review

Reviewed by the Editorial Team · Updated July 10, 2026 · 6 min read

The mortgage arm of the largest U.S. bank, with relationship pricing for eligible deposit and investment clients.

Chase by the numbers

Source: federal HMDA data (2025), FFIEC/CFPB. *Approval rate = loans originated ÷ (originated + denied). It reflects a lender's channel and borrower mix — wholesale, online and refi-heavy lenders run lower because many applications are rate shops that never close — not how hard it is to work with. See our lending-data study.

Chase at a glance

JPMorgan Chase is the consumer and mortgage arm of the largest U.S. bank by assets, and its home lending sits inside a full-service banking relationship rather than standing alone.

In 2025 the bank reported 94,243 mortgages originated for roughly $66.3 billion, alongside 15,898 denials, for an approval rate near 85.6%.

What stands out in those figures is scale of a different kind: the average Chase loan came in around $703,000, far above most retail lenders and a direct reflection of an affluent, high-balance, jumbo-weighted borrower base.

Geographically the book tracks the country's most expensive and most populous markets. California alone accounts for more than 50,000 originations, followed by Texas, Florida, New York and Illinois; New Jersey, Ohio, Georgia and Arizona round out the heaviest volume.

Where Chase's approval rate sits

Chase's 2025 approval rate of 85.6% sits against the 76.6% national average. Read it as a signal of channel, not strictness — wholesale, online and refinance-heavy lenders run lower because so many applications are rate shops that never close.

That footprint mirrors Chase's thousands of physical branches, which give borrowers the option of applying in person, over the phone, or through the Chase mobile app and online portal.

The defining feature of a Chase mortgage is that it rewards existing customers. Depositors and investors who hold qualifying balances with the bank can receive tiered interest-rate discounts, and the same relationship can streamline document sharing and servicing.

On the entry-level side, Chase pairs a low-down-payment DreaMaker loan with its Chase Homebuyer Grant, which the bank has expanded in designated communities to help cover a rate buydown, closing costs or down payment.

Who Chase is best for

Chase fits two very different buyers well. The first is the existing Chase deposit or investment customer who can convert qualifying balances into a relationship rate discount and keep banking and mortgage in one place.

The second is the jumbo borrower purchasing in a high-cost market, where Chase's large loan limits, interest-only options and private-banking reach are genuine differentiators rather than afterthoughts.

Loan programs at Chase

Its most notable programs and specialties:

• Conventional fixed-rate and adjustable-rate mortgages for purchase and refinance
• Jumbo loans with limits reported up to $9.5 million, including a 10-year interest-only jumbo ARM
• DreaMaker low-down-payment loan (as little as 3% down) aimed at first-time and moderate-income buyers
• FHA and VA government-backed loans
• Chase Homebuyer Grant of $2,500 or $5,000 (increased to $7,500 in select designated neighborhoods) toward rate buydown, closing costs or down payment
• Relationship rate discounts for existing Chase customers based on qualifying deposit and investment balances

Typical industry minimum down payment by core loan type — Chase's own minimums or credit overlays may run higher:

Where Chase lends most

By federal HMDA records, Chase's largest 2025 markets were California, Texas, Florida, New York and Illinois. Explore local rates, home prices and down-payment assistance for each:

The verdict

Chase is a natural first stop for two groups: households that already bank with Chase and can capture a relationship rate discount, and jumbo buyers in high-cost markets who need larger loan limits and interest-only flexibility.

Its grant and DreaMaker programs also give lower-down-payment buyers a real entry point in eligible areas. Borrowers with no Chase relationship should still compare its quote against a dedicated lender before deciding.

How to compare Chase

Shopping a few lenders is the single most reliable way to save. Before you commit to Chase:

1. Get three or more Loan Estimates in a two-week window — the bureaus treat it as one inquiry.
2. Compare the APR, not just the headline rate — it folds in the fees.
3. Weigh service and loan-type fit, not price alone.
4. Verify licensing on NMLS Consumer Access (Chase's HMDA filer ID: 7H6GLXDRUGQFU57RNE97).

Benchmark whatever you're quoted against today's average mortgage rates.

This review is editorial and independent — Chase did not pay for or approve it, and all figures are from public federal data. It is general information, not a recommendation or personalized advice. Confirm all terms directly with the lender.