Chase's DreaMaker Home Loan: 3% Down Payment Explained
Chase Bank offers the DreaMaker loan, a mortgage option that allows qualified borrowers to purchase a home with a down payment as low as 3%. While other loans like VA and USDA loans offer 0% down payment options, the DreaMaker loan provides more flexibility. The loan is available for primary residences with one to four units and requires a 30-year fixed rate term. Chase also offers educational courses for first-time homebuyers and discounts for existing customers. Other low down payment options include VA loans, USDA loans, and FHA loans.