Chase Bank Homebuyer Grant

What is Chase Bank Homebuyer Grant?

Chase Bank Homebuyer Grant is a grant for homebuyers in Statewide, California.

• Lender grant; tier varies by census tract: $2,500 standard, $5,000 DDA, $7,500 CA Black/Hispanic-majority tracts. No repayment.
• $2,500 - $7,500 grant for down payment and/or closing costs in eligible markets and majority-Black/Hispanic census tracts. No repayment required.
• Funding comes from JPMorgan Chase Bank.

Do you have to pay it back?

Chase Bank Homebuyer Grant is structured as a grant, so it is not repaid.

• Repayment is triggered by none (grant).
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Chase Bank Homebuyer Grant is open to buyers who will live in the home as their primary residence.

What are the income limits?

Chase Bank Homebuyer Grant sets its income limit as follows: Per Chase program guidelines (LMI tracts and DDA areas).

• The limit applies to total household income, not only the borrower’s.
• Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

Chase Bank Homebuyer Grant can be used for Single-family, Condo, Townhouse, 2-4 unit owner-occupied.

Where does it apply?

Chase Bank Homebuyer Grant serves buyers purchasing in Statewide, California.

• The program targets specific areas: Higher grants in DDAs and majority-Black/Hispanic census tracts.

How do you apply?

Applications for Chase Bank Homebuyer Grant go through the administering agency.

1. 1

   Take a homebuyer education course

   Required by the program, through Required - HUD-approved homebuyer counseling.

2. 2

   Contact the administering agency to reserve funds

   Funds are reserved with the provider and are subject to availability.

3. 3

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.