Chase mortgage review: rates, costs & calculator
The mortgage arm of the largest U.S. bank, with relationship pricing for eligible deposit and investment clients.
Chase mortgage rates: what borrowers actually paid
Chase prices each borrower individually, but federal loan-level records show what its borrowers actually got. On 20,595 conventional 30-year fixed purchase loans with at least 20% down closed in 2025, the median rate was 6.49% and the median APR was 0.15 percentage points below the typical lender's, with $4,695 in loan costs.
| 2025 home purchases | Loans | Median rate | APR vs benchmark | Loan costs | With points |
|---|---|---|---|---|---|
| Conventional · Chase | 20,595 | 6.49% | −0.13 | $4,695 | 64% |
| Conventional · all lenders | 700,082 | 6.50% | +0.02 | $5,476 | 53% |
| FHA · Chase | 1,054 | 6.25% | +0.46 | $5,944 | 79% |
| FHA · all lenders | 516,729 | 6.25% | +0.42 | $11,291 | 59% |
| VA · Chase | 978 | 6.125% | −0.52 | $3,841 | 80% |
| VA · all lenders | 291,383 | 6.125% | −0.36 | $6,554 | 59% |
| Jumbo · Chase | 1,904 | 6.49% | −0.20 | $7,743 | 47% |
| Jumbo · all lenders | 30,788 | 6.625% | +0.00 | $10,251 | 38% |
What the numbers say
- On conventional loans, Chase's median APR ran 0.15 percentage points below the typical lender's (−0.13 vs +0.02 percentage points against the benchmark) — roughly $32 a month on a $325,000 loan at today's 7.18% average rate.
- Other loan types: FHA in line with the market (1,054 loans); VA 0.15 percentage points below the market (978 loans); Jumbo 0.21 percentage points below the market (1,904 loans).
- Borrowers paid a median $4,695 in loan costs — $781 less than the $5,476 typical across all lenders.
- 64% of its loans carried discount points, versus 53% overall — ask for quotes with and without points.
How Chase compares on conventional loans
| Lender | Loans | Median rate | APR vs benchmark | Loan costs | Lender credits |
|---|---|---|---|---|---|
| Chase | 20,595 | 6.49% | −0.13 | $4,695 | 28% |
| Wells Fargo | 8,331 | 6.375% | −0.18 | $5,267 | 80% |
| Bank of America | 6,488 | 6.25% | −0.28 | $4,758 | 40% |
| U.S. Bank | 8,383 | 6.49% | −0.09 | $4,634 | 88% |
| PNC Bank | 3,542 | 6.50% | −0.09 | $4,652 | 68% |
| All lenders | 700,082 | 6.50% | +0.02 | $5,476 | 33% |
Source: 2025 HMDA loan-level records (FFIEC/CFPB), 30-year fixed home purchases compared like for like. APR vs benchmark = median APR minus the average prime offer rate the week the rate was set; loan costs are borrower-paid. How we compare lenders.
Chase mortgage calculator
Estimate a Chase payment: enter the rate from your Loan Estimate, or start from today's 7.18% average 30-year fixed rate. For reference, Chase's 2025 conventional purchase loans closed at a median 6.49%. If you keep $150,000 or more with Chase or J.P. Morgan, take the relationship discount (0.125% or 0.25%) off the quoted rate to see what it's worth per month.
Prefer a full-page version? Open the mortgage calculator.
Chase by the numbers
| Home loans originated (2025) | 94,243 |
|---|---|
| Total lending (2025) | $66.3B |
| Average loan size | $703,373 |
| Approval rate* | 85.6% |
| Volume rank (our roster) | #5 of 60 |
| Largest market | California |
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.
What Chase actually lends
97.1% of Chase's 2025 loans were conventional, averaging $703k. Chase lists FHA and VA loans, but they were under 2% of its 2025 originations — if you need one, ask how many the loan officer closes.
| Share of 2025 loans | Chase | U.S. |
|---|---|---|
| Conventional | 97.1% | 78% |
| FHA | 1.8% | 13.2% |
| VA | 1.1% | 8.2% |
| USDA | 0% | 0.6% |
| Home purchase | 60.2% | 52.5% |
| Rate-and-term refinance | 14.3% | 15.3% |
| Cash-out refinance | 14.1% | 14% |
Shares of originated loans by loan type and purpose, federal HMDA data (2025). They describe the lender's business mix, not the terms you would be offered.
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 for a primary residence in an eligible census tract, applied first to lower the rate, then to fees, with any remainder toward the 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:
| Loan program | Typical min. down |
|---|---|
| Conventional | 3% |
| FHA | 3.5% |
| VA | 0% |
| Jumbo | 10–20% |
Chase relationship pricing: how big is the discount?
Chase lowers the mortgage rate for customers who keep money with Chase or J.P. Morgan, on both purchases and refinances. Existing balances earn a fixed discount; moving new deposits or investments over earns between 0.05% and 1%, and the two can be combined up to a 1% total.
The discount comes off the interest rate, so it is worth comparing a discounted Chase quote against another lender’s offer — and checking whether the money you would move to qualify is money you need for the down payment or reserves.
| Chase or J.P. Morgan balances | Rate discount |
|---|---|
| Existing $150,000 – $999,999 | 0.125% |
| Existing $1,000,000 or more | 0.25% |
| New money brought to Chase / J.P. Morgan | 0.05% – 1% |
| Existing + new combined (cap) | up to 1% |
Chase Homebuyer Grant and the DreaMaker loan
The Chase Homebuyer Grant is $2,500 or $5,000 for buying a primary residence in an eligible census tract, used with a DreaMaker, standard agency, FHA or VA loan. Chase applies it first to lower the interest rate, then to Chase or other fees; anything left can go toward the down payment on applicable loans. Eligibility is by address — Chase’s Homebuyer Assistance Finder or a Home Lending Advisor can check a specific property.
DreaMaker is Chase’s 30-year fixed loan with down payments as low as 3% and income requirements. Chase does not offer USDA loans.
Does Chase offer a HELOC?
Yes. Chase offers a home equity line of credit in every state except Texas, for borrowers with a credit score of 680 or higher, up to 80% of the home’s value minus what you still owe. The rate is variable, set as the prime rate plus a fixed margin.
Program terms from Chase's own pages, checked October 18, 2026: Chase — Relationship Pricing; Chase — Homebuyer Grant; Chase — mortgage options (DreaMaker); Chase — what credit score is needed to buy a house; Chase — home equity line of credit. Terms change without notice — confirm with the lender.
Strengths
- Relationship pricing lets existing Chase depositors and investors earn tiered rate discounts that scale with balances
- Strong jumbo and high-balance lending, supported by an average loan size around $703,000 and loan limits reported to $9.5 million
- Down-payment assistance through the Chase Homebuyer Grant, expanded in designated communities and pairable with the low-down-payment DreaMaker loan
- Thousands of branches nationwide plus phone and app channels give borrowers in-person and digital options
Considerations
- Chase's relationship rate discounts depend on balances: existing deposits and investments need at least $150,000, and discounts beyond 0.25% (up to 1%) require moving new money to Chase.
- DreaMaker has income limits, and the Chase Homebuyer Grant applies only to a primary residence in an eligible census tract, so not every buyer qualifies.
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:
States where Chase is a top-15 lender
Ranked by home loans originated in 2025 (HMDA). Each state page compares Chase with the other leading lenders there, including FHA and VA leaders and what their borrowers paid.
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:
- Get three or more Loan Estimates in a two-week window — the bureaus treat it as one inquiry.
- Compare the APR, not just the headline rate — it folds in the fees.
- Weigh service and loan-type fit, not price alone.
- Verify licensing: search Chase on NMLS Consumer Access and match the NMLS ID to the one on your Loan Estimate. (Its LEI in federal HMDA data, 7H6GLXDRUGQFU57RNE97, is not a license number.)
Benchmark whatever you're quoted against today's average mortgage rates.
Chase FAQ
Is Chase a good mortgage lender?
Chase is a licensed U.S. mortgage lender and one of the largest, roughly #5 of 60 in our roster by 2025 volume, best for existing bank customers.
On price, its 2025 conventional borrowers' median APR was 0.15 percentage points below the typical lender's, with $4,695 in loan costs against $5,476 market-wide.
Whether it's right for you comes down to the rate and fees it quotes — compare its Loan Estimate with two or three others.
What are Chase's mortgage rates today?
Chase sets rates daily by loan type, credit score, down payment and points, so the rate that counts is the one on your Loan Estimate.
For context, the average 30-year fixed rate was 7.18% in Freddie Mac's survey for the week of November 5, 2026; in 2025, Chase's conventional purchase loans closed at a median 6.49%, against 6.50% for all lenders.
How many mortgages does Chase originate?
In 2025, Chase originated about 94,243 home loans, roughly $66.3 billion in lending, per federal HMDA data — an average loan of about $703,373.
What loan types does Chase offer?
Chase offers Conventional, FHA, VA, Jumbo. Notable programs include 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.
What credit score do I need for a Chase mortgage?
Chase doesn’t publish one minimum for every loan. Its homebuying guide gives the usual program floors — 620 or higher for conventional loans, 580 for FHA with 3.5% down (500 with 10% down), and no program minimum for VA, where lenders set their own — and notes Chase’s own criteria may differ, so a Home Lending Advisor has the final word. Chase’s HELOC asks for 680 or higher.
Is Chase or Wells Fargo better for home loans?
On 2025 home-purchase loans (conventional 30-year fixed, 20%+ down), Wells Fargo's borrowers got the lower APRs (median APR: Chase −0.13, Wells Fargo −0.18 percentage points against the benchmark).
Median loan costs were $4,695 at Chase and $5,267 at Wells Fargo, and 64% vs 48% of loans carried discount points.
That's an average across thousands of borrowers, not your quote — get both Loan Estimates and go with the one that comes in lower for you.
Will Chase negotiate mortgage rates?
Chase’s published levers are relationship pricing (0.125%–0.25% for existing balances, up to 1% combined with new money) and, in eligible areas, the Homebuyer Grant, which is applied to the rate first.
Beyond that, the reliable way to get a better offer from any lender is a competing Loan Estimate — lenders can respond on rate, points or credits.
In 2025, 64% of Chase’s conventional loans in our sample carried discount points, so ask for the price with and without them.
How do I verify Chase is licensed?
Search the company's name on NMLS Consumer Access (nmlsconsumeraccess.org), the official registry of licensed mortgage companies and loan officers; the NMLS ID it shows is also printed on every Loan Estimate the lender issues. (The ID 7H6GLXDRUGQFU57RNE97 used on this page is the company's LEI, which identifies it in federal HMDA data — not a license number.)
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.
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