Chase offering $595 on the Closing of a New Home Mortgage Loan

Chase Bank logoPurchasing a home, either as a first-time homebuyer or as a seasoned pro, requires a significant amount of cash-on-hand. The combination of a down payment, closing costs, and ancillary funds for moving or renovating can add up to a pretty penny for homebuyers, but often financial institutions make available promotions to well-qualified borrowers to help ease these financial burdens. While helpful, it is necessary for homebuyers to shop around for a lender that works best for them and fully understand the terms and conditions of these offers before signing on the dotted line.

Promotional Offer Details

Currently, Chase Bank is offering up to $595 to borrowers who finance their home purchase with a Chase mortgage. The offer is available to borrowers purchasing a mortgage secured by a residential property who apply through the cash back promotion platform online. Chase Bank does not put any restrictions on the amount of the new home loan or the property location, but other qualification criteria must be met within 60 days of closing on the new mortgage loan.

Qualification Requirements

Borrowers are required to have an existing Chase personal checking account or establish an account within two months after closing to qualify for the $595 cash back offer. Additionally, automatic mortgage payments must be established from the Chase personal checking account. Paperless statements must also be selected at the time of application to qualify for the promotion. After the mortgage loan closes and the criteria for the cash back promotion are met, Chase will deposit the cash back amount into the primary borrower’s personal Chase checking account.

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All borrowers listed on a new mortgage application with Chase are evaluated based on their credit history and score, and verification of income and assets may be required as part of the underwriting process. Interest rates and mortgage loan terms will vary based on these credit factors. Closing costs and other fees may apply, depending on the loan amount, location, and term of the loan.

About Chase Bank

Founded in 1799, Chase Bank is one of the oldest, most well-established financial institutions in the country. The bank currently serves one out of every two households with one or more financial products, including deposit accounts, credit cards, and home loans.

Contact Information

Prospective homebuyers interested in the $595 cash back offer from Chase Bank may gather additional information or apply for a new mortgage by visiting a Chase branch office, by calling a mortgage specialist at 1-866-397-1848, or by visiting the bank online.

Posted on July 31, 2017 by in Mortgages,

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10/31/2017