Applying for a mortgage can be tough, but Chase is a good choice. They offer various mortgage products for different needs.
The popular conventional mortgage needs a higher credit score and down payment but is flexible. FHA loans are for first-time buyers and those with lower scores, with a 3.5% down payment. VA loans are for veterans with favorable terms. Jumbo loans are for high-value properties.
Know the eligibility criteria. For conventional loans, a credit score of at least 620 is ideal. Your debt-to-income ratio is important too. A steady job and income help.
Gather needed docs like pay stubs, tax returns, and bank statements. Two years of tax returns are often needed.
Chase’s online application is simple. Start with all docs ready. A mortgage banker will review and help.
Closing costs range from 2% to 5% of the loan amount. For some loans, mortgage insurance is needed.
A well-prepared mortgage application with Chase can be smooth. Know your options and criteria. With their tools and support, homeownership is within reach. Stay informed for the best financing.
