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Types of Loans: Chase offers a wide array of home finance solutions. For a sample of the many mortgage programs available, click here. Be sure to speak with a Chase Mortgage Specialist to find the loan that specifically meets your home finance needs.

Pre-Approval Programs
Let Chase pre-approve your loan application before you shop for a home. Our Passport-to-Purchase; program allows you to look for a home with the confidence of knowing you have already been approved for a mortgage with Chase and your offer will be more attractive to sellers. You can also lock into a mortgage rate that is in effect for up to 90 days while you shop for your dream home. A fee for pre-approval may be applied towards the appraisal fee at application. Rate lock begins at the date of pre-approval application.

First-Time Home Buyer Programs
Take advantage of the many special programs that will make getting a first mortgage easier. At Chase, we'll guide you through the mortgage process, give you a free mortgage affordability estimate so you know just how much you can afford, and then help you select the mortgage that's right for you.

Conforming Loan Amounts as well as Jumbo Mortgages up to $2 Million
Chase offers a variety of financing programs that can be tailored to meet your needs. Whether you are seeking a conforming loan or a jumbo mortgage, you can feel confident that you will receive the highest level of service and be offered the right program to meet your needs.

Construction Financing Programs
If you are building your home, our Single Close Construction-To-Permanent Loan may be all the financing you'll need. Our single application and approval process obtains both construction and permanent financing with one combined loan and one closing.

Builder Services
Chase offers a number of programs designed specifically for builders. We can help builders meet their customers' borrowing needs by protecting an interest rate for up to 12 months on a variety of mortgage programs. And, if interest rates should decline, you have the flexibility to re-lock. Enjoy the best of both worlds with this special program.

Lending to the Professionally Employed
At Chase, we understand the complex needs of the professionally employed and know that your time is valuable. We can save you time and help you find the right mortgage - on your schedule. We offer an easy application process, prompt loan decisions, personalized service, and competitive interest rates.

Lending to Self-Employed Borrowers
As a business owner, you understand that in order to build a successful business, you must provide the highest level of service to your customers. Chase understands that too. Each year we help thousands of self-employed business owners by tailoring a home loan package to fit your specific needs.

Low-to-Moderate Income Lending Programs
Chase makes home ownership a reality by offering a number of affordable financing options and flexible qualifying criteria. Our DreaMaker; programs provide lower down payment options for eligible applicants, which means lower closing costs for you. For down payments less than 20%, Mortgage Insurance (MI) is required and MI charges apply.

Lending to Borrowers with Limited Credit History
Chase is committed to offering a product set that meets the needs of today's home buyers, ranging from limited documentation features to the non-traditional borrowing needs of customers with good credit.

Home Rehabilitation Lending (203(k))
Chase has a number of loan programs that provide financing for the purchase, refinance, remodel, repair or improvement of a home.

FHA Loans
Many potential home buyers, especially first-time purchasers, can benefit from the assistance provided by the Federal Housing Administration (FHA) which insures mortgages. FHA-backed mortgages allow you to make a smaller down payment than conventional loans and allow you to finance some of the up-front fees.

VA Loans
Through the Veterans Administration (VA), many eligible veterans can afford to purchase their primary residence. By guaranteeing mortgages, the VA program provides qualified veterans with no down payment financing in certain cases.

Fixed-Rate Mortgages
These mortgages provide the security of stable interest rates and monthly payments throughout the life of the loan.

Adjustable-Rate Mortgages (ARMs)
For ARMs, the interest rate and monthly payments change at predetermined periodic intervals based on adjustments in market interest rates. ARMs are available for short-and long-term mortgage loans.

Balloon Mortgages
Fixed-rate mortgages with a variety of terms and payments that do not fully amortize the loan. The balance of the mortgage is due in a lump sum at a specified date at the end of the term.

Home Equity Services*
Chase offers a number of home equity financing options to meet your needs. Borrowers can turn the equity in their home into an ongoing, convenient source of cash that is available for a variety of purposes including home purchases, home improvements, debt consolidation, tuition financing, vacation financing, or cash for other financial needs. Put the equity in your home to work for you today and enjoy low rates, simplified processing, and potential tax deductibility. Consult your tax advisor regarding the deductibility of interest.

Rural and Economic Community Development Program
Formerly known as the Farmers Home Loan Program, this program, administered through the United States Department of Agriculture, features 100% financing for qualified moderate-income families looking to purchase single-family homes. For borrowers with little or no cash, it's ideal since you need no down payment and no funds for closing!

No Down Payment Options*
No down payment? No problem! At Chase we have programs designed to meet the needs of borrowers with good credit and limited savings for a down payment. So you can purchase a home and not worry about the down payment or closing costs. In many cases, closing costs and/or prepaids can be financed into the loan amount or can be paid from any combination of your own funds, unsecured loan, gifts, grants, employee assisted housing funds or seller contributions. For down payments less than 20%, mortgage insurance (MI) is required and MI charges apply.

Co-op and Condominium Lending
Our decades of experience with co-op lending in New York and the depth of our experience with condos, makes us sensitive to your specialized co-op/condo needs. At Chase, we are skilled in working with managing agents and other parties involved in the transaction in getting your co-op or condo loan approved. We are comfortable financing new properties such as new condominiums, smaller brownstone co-ops, and lofts.

Vacation Home Financing
When you find the vacation home of your dreams, turn to the vacation home financing experts. Chase provides exceptional service, a broad array of products, and prompt loan decisions to make your vacation home dreams a reality.

FHA and VA Mortgages
When you think of FHA and VA mortgages, think of Chase, your government lending expert. At Chase you can choose from a full range of FHA and VA mortgages. You can expect to receive a prompt loan decision and personal attention, as well as exceptional customer service.

Mortgages Up to $2 Million
Chase has a wide selection of Jumbo Mortgage programs that can be tailored to meet your needs. You can expect to receive professional, personalized attention from application through closing.

Home Financing to Union Members and Professional Associations
Through our Corporate Affinity Program, we have specialized home financing programs available to members of many organizations. Contact us for further details.

Interest Only
Interest Only mortgages provide for the payment of only interest on the loan for a set period of time ("Initial Period" or "Interest Only Period") and principal and interest (P&I) payments thereafter for the remainder of the loan term. This set period of time varies depending upon your specific loan. By paying only interest during your interest-only period you will have more cash in hand to invest as you like, prepay the loan to reduce future monthly payments, or pay for other lifestyle needs.

Stated Income/Stated Asset
Chase's Stated Income/Stated Asset program may be available to applicants who wish to submit minimal documentation. Loan approval is based on credit score, credit history, and value of the collateral. Employment information, sources and amounts of income, and assets (including down payment and reserves) will not be verified and may not be stated in the application. Ask your Chase Mortgage Specialist for details.

Rhode Island Housing

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