Chase Homebuyer Grant

Chase Homebuyer Grant is a grant for homebuyers in Washington, District of Columbia, administered by JPMorgan Chase Bank, N.A. The Chase Homebuyer Grant provides $2,500 or $5,000 (the larger amount in selected high-priority tracts) to qualifying buyers purchasing a primary residence in an eligible census tract - generally low-and-moderate-income (LMI) tracts or communities identified by the U.S. Census as majority Black, Hispanic, or Latino. The grant is first applied to lower the interest rate, then to Chase fees or other closing costs, with any remainder applied to the down payment (down-payment use is not available on FHA loans). The grant does not have to be repaid. Eligibility is determined by the property's census tract; numerous DC tracts qualify. Funding comes from JPMorgan Chase (lender grant).

Chase Homebuyer Grant offers between $2,500 and $5,000 in assistance. The program can be combined with Commonly paired with the Chase DreaMaker 3%-down mortgage (income limit removed in eligible tracts). Amounts are the program's published maximums, not an offer — JPMorgan Chase Bank, N.A. determines any individual award.

Chase Homebuyer Grant is structured as a grant, so it is not repaid. Repayment is triggered by None - grant does not require repayment. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

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

Chase Homebuyer Grant sets its income limit as follows: No income limit on the grant itself; in eligible tracts, Chase also removes the income limit on its companion DreaMaker (3% down) mortgage. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Chase Homebuyer Grant can be used for Single Family, Condo, and Townhouse.

Chase Homebuyer Grant serves homebuyers purchasing in Washington, District of Columbia. The program targets specific areas: Available only for properties located in eligible census tracts (LMI tracts and majority Black/Hispanic/Latino communities); many DC tracts qualify.

Applications for Chase Homebuyer Grant go through JPMorgan Chase Bank, N.A., which publishes the current terms and the application steps on its own site. Funds are reserved through Through a Chase Home Lending Advisor; eligibility checked by property census tract via Chase Homebuyer Assistance Finder. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.