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Chase Homebuyer Grant

JPMorgan Chase Bank, N.A. · New Jersey

Last verified
See what you qualify forOfficial program site →
Assistance

$5,000

The maximum the program publishes — not an offer

Repayment

Grant

Not repaid

What is 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).

How much assistance does it provide?

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.

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, no 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.

The program requires

  • The home is occupied as a primary residence
  • DRAFT (dpa-gap-finder 2026-06-12): pending review. 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). UNCONFIRMED: min credit score, max DTI, homebuyer-education, specific NJ tracts.

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

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.

What kind of home can it be used for?

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

Where does it apply?

Chase Homebuyer Grant serves buyers 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.

How do you apply?

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.

  1. Contact JPMorgan Chase Bank, N.A. to reserve funds

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

  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.

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