Chase Correspondent Lending offers you more product and program choices than ever before. Our comprehensive and competitive product portfolio now includes an enhanced LIBOR ARM Interest Only product set to help you meet the individual demands of today's borrowers simply and easily.
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New! Non-Agency Product
Now Available for Eligible Chase Correspondent Lenders
Chase now provides access to an exclusive Non-Agency product offering designed for qualified borrowers with high loan amount needs. This program is available to Chase Correspondents who meet certain eligibility criteria.
Program Highlights:
- Maximum Loan Amount: $2,000,000
- Minimum Loan Amount: Minimum loan amounts apply
- Maximum LTV/CLTV: 80/80%
- Occupancy: Primary Residence Only
- Transaction Types: Purchase, No Cash-Out Refinance, Cash-Out Refinance
- Property Types: 1-4 Unit, PUD Condo, Co-op
- 4506-T Policy: A fully executed 4506-T (with transcripts) is required for all borrowers on the loan
Eligibility Criteria:
- Must be approved by the Chase Customer Management Group prior to participation
- Approved to do business with Chase Correspondent for at least one year and minimum volume of $6MM for the previous 12 months
- Minimum audited HUD adjusted net worth of $1MM
- 12-month Conventional 90+ active ongoing delinquency <100% of channel average
- For more information, please refer to Bulletin CB09-58
or contact your Account Executive.
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Agency High Balance
Chase offers Agency High Balance programs that make it easier for you to qualify borrowers and make you more profitable at the same time. Available in Fixed or ARMs, this offering provides you the solutions necessary for those customers with higher loan amount needs.
- Available on Fixed Rate and 5/1 Amortizing and Interest Only ARMs
- Purchase, Cash-out and No Cash-Out Refinance
- Up to 90% LTV
- Property Types include 1-2 Unit/Condo/PUD and Co-op (NY only)
Visit our Online Guides to learn more.
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Amortizing and Interest Only LIBOR ARMs
Our comprehensive set of ARM products allows maximum flexibility for your customers with unique borrowing needs. Our Agency 3/1, 5/1, 7/1 and 10/1 ARM products include a 10-year Interest Only period to help your customers reduce payment shock. The Temporary Buydown feature is another solution for your borrowers to help them lock in low monthly payments for an initial period. Visit our Online Guides to learn more.
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Chase Agency 30-year Fixed with 10-year Interest Only Period
Offer your customers the best combination of the old and the new. This new product affords your customer more options than ever before. Your borrowers can lock in low monthly payments, without locking them out of the savings they want.
- Low interest only payments for 10 years
- Long term payment stability with a 30-year fixed rate product
- Reduced risk of payment shock
- Temporary rate buydown
Visit our Online Guides to learn more.
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Interest Only Feature
Rising housing costs continue to increase the interest in Interest Only Products
10-year Interest Only period available on our 30-year Fixed and LIBOR ARMs including 3/1, 5/1, 7/1 and 10/1 products.
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FHA Loans
Purchasing a new home is exciting, but for today's borrower, selecting the right loan program can be a daunting task.
Many Americans are turning toward classic loan programs, such as FHA loans, to achieve their dream of homeownership. An FHA mortgage is an attractive option to many first-time homebuyers, as down-payment requirements can be as low as 3.5%.
Program Highlights:
- Program available for FHA Direct Endorsement Lenders only (must also be approved by Chase to deliver FHA loans)
- Available FHA Products:
- 15- and 30-Year Fixed (standard conforming loan amounts)
- 1-Year CMT ARM (standard conforming loan amounts)
- 30-Year Fixed Rate High Balance
- 2-1 and 1-1 Temporary Buydowns eligible on FHA 30-Year Fixed Rate
- 1-4 Units, FHA-approved Condos
- Standard FHA Guidelines, except
Visit our Online Guides to learn more.
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