Chase Lending Ups Closing Guarantee To $20K

Chase Home Lending increased its Closing Guarantee from $5,000 to $20,000 in a bid to entice buyers impacted by the affordability crisis. The Closing Guarantee commits to an on-time closing in as soon as three weeks or eligible customers get $20,000. This limited-time offer is available for qualifying customers purchasing a home with a Chase mortgage until July 27, 2024. Funds can be used to discount underwriting fees paid at mortgage closing or pay down the interest rate and down payment. “Current market dynamics have impacted the affordability of homeownership for many Americans, and at the same time, competition has only increased,” said Sean Grzebin, head of Consumer Originations for Chase Home Lending. “We’re focused on the things we can…