Chase Doubles Closing Guarantee To $5,000 For Homebuyers
Chase Home Lending doubles down on its commitment to helping homebuying customers close quickly and on-time
NEW YORK, April 5, 2022 — Chase has doubled its Closing Guarantee from $2,500 to $5,000. The program—initially launched in 2019—commits to on-time closing in as little as three weeks or eligible customers get $5,000.
“We’ve continued to improve our ability to close quickly through investments in our people and technology over the past five years,” said Sean Grzebin, Head of Consumer Originations for Chase Home Lending. “We’re confident that we can help homebuyers get into their new homes without delay and the doubling of our closing guarantee displays our commitment to helping customers do just that. It’s also intended to support and inspire real estate professionals as they help clients navigate the competitive market and high-pressure offers.”
Chase’s Closing Guarantee is available for customers purchasing a home with a Chase mortgage. The customer must submit necessary financial documentation and provide a fully-executed purchase contract. Then, Chase will close the loan on or before the contract closing date or pay the buyer $5,000. For more details on Chase’s Closing Guarantee, and other savings opportunities exclusive to Chase customers, click here
In conjunction, Chase Home Lending recently launched new ad spots in 20 markets highlighting the Closing Guarantee and its Chase MyHome tool. The commercial stars Melissa McCarthy as an overwhelmed buyer and the Scott Brothers as her homebuying guides.
Chase MyHome is an all-in-one tool to help customers find properties, apply for a mortgage to purchase a home and manage their mortgage all from one place. With Chase MyHome, customers can conduct property searches, initiate the application process, review loan options, explore their home’s value, mortgage details and equity, neighborhood trends, and more.
Amid the highly competitive and fluctuating housing market, Chase’s suite of homebuyer resources, including the Closing Guarantee, Chase MyHome, Homebuyer Education Center, and the Beginner To Buyer podcast, helps buyers through every step of the process. For more information about Chase Home Lending, visit www.chase.com/mortgage.
Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), a leading financial services firm based in the United States with assets of $3.7 trillion and operations worldwide. Chase serves more than 60 million American households with a broad range of financial services, including personal banking, credit cards, mortgages, auto financing, investment advice, small business loans and payment processing. Customers can choose how and where they want to bank: Nearly 4,800 branches in 48 states and the District of Columbia, 16,000 ATMs, mobile, online and by phone. For more information, go to chase.com.
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