Chase Homebuyer Grant

What is Chase Homebuyer Grant?

Chase Homebuyer Grant is a grant for homebuyers in Delaware, administered by JPMorgan Chase Bank, N.A. (Chase Home Lending).

• The Chase Homebuyer Grant is a lender grant designed to promote homeownership in low- and moderate-income (LMI) and other selected U.S. Census tracts, including eligible tracts in Delaware. Qualifying customers receive $2,500 or $5,000 (the amount depends on the property's eligible census tract) on Chase DreaMaker, Standard Agency, FHA, and VA loans for a primary residence. The grant is first applied to lower the interest rate, then to Chase fees or other fees, with any remaining funds applied toward the down payment (down-payment use is not allowed on FHA loans). The grant does not need to be repaid.
• Up to $5,000 grant (no repayment).
• Interest-rate buydown.
• Closing-cost assistance.
• Down payment assistance (non-FHA).
• Stackable with Chase DreaMaker low-down-payment mortgage.
• Funding comes from JPMorgan Chase Bank, N.A. (lender-funded).

How much assistance does it provide?

Chase Homebuyer Grant offers between $2,500 and $5,000 in assistance.

• Award tiers: $2,500 or $5,000 depending on the eligible census tract.
• The program can be combined with Chase DreaMaker low-down-payment mortgage; may be combined with other state/local DPA subject to Chase and program rules.
• Amounts are the program's published maximums, not an offer — JPMorgan Chase Bank, N.A. (Chase Home Lending) determines any individual award.

Do you have to pay it back?

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.

Who qualifies?

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

What are the income limits?

Chase Homebuyer Grant sets its income limit as follows: No income limit is imposed by the grant itself; eligibility is based on the property being located in an eligible (LMI or other selected) U.S. Census tract. Underlying loan product (e.g., DreaMaker) may carry its own income limits.

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

Is there eligibility for specific groups?

Chase Homebuyer Grant names veterans, active-duty service members, reservists and National Guard members, and surviving spouses among the groups it serves.

• Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Where does it apply?

Chase Homebuyer Grant serves buyers purchasing anywhere in Delaware.

How do you apply?

Applications for Chase Homebuyer Grant go through JPMorgan Chase Bank, N.A. (Chase Home Lending), which publishes the current terms and the application steps on its own site.

1. 1

   Contact JPMorgan Chase Bank, N.A. (Chase Home Lending) to reserve funds

   Funds are reserved through Determined at mortgage application with a Chase Home Lending Advisor; eligibility tied to the property's census tract., and are subject to availability.

2. 2

   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.