Chase Homebuyer Grant

Chase Homebuyer Grant is a grant for homebuyers in New Jersey, administered by JPMorgan Chase Bank, N.A. The Chase Homebuyer Grant provides $2,500 or $5,000 (by eligible census tract) to customers buying a primary residence on DreaMaker, Standard Agency, FHA, or VA loans. Applied first to lower the rate, then fees, then down payment. No repayment; not limited to first-time buyers. Eligible NJ tracts include Newark, Camden, and Trenton areas. $2,500 or $5,000 grant, no repayment. Lowers rate, covers costs, or down payment. Not first-time-buyer only. No income limit. Funding comes from JPMorgan Chase (lender grant).

Chase Homebuyer Grant offers up to $5,000 in assistance. 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, no 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. Lender-specific (Chase). Property must be in eligible tract - NJ tracts verified via Chase finder. Cannot apply to FHA down payment. Official page (Apr 2026) states $2,500/$5,000 (not $7,500).

Chase Homebuyer Grant sets its income limit as follows: No income limit on the grant; eligibility is geography-based (eligible LMI/selected census tract). 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 anywhere in New Jersey. The program targets specific areas: Eligible LMI/selected census tracts; NJ tracts (Newark, Camden, Trenton) verified via Chase Homebuyer Assistance Finder. Grant $2,500 or $5,000 by tract.

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. 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.