Chase Goes Big on Minority Homebuyer Program
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Grant Magnification:
Chase is taking the ‘Go big or go home’ directive quite literally, hiking up its grant to an impressive $7,500 in 8,500 out of the 15,000 communities enrolled in its minority homebuyer program. Because, let’s face it, who doesn’t like more moolah?
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The Vanishing Act:
Abracadabra! The income requirement for Chase’s DreaMaker mortgage has vanished into thin air. Yes, you heard it right. For those chasing the American dream via Chase’s 3 percent down payment plan can now breathe easy. Income requirements? What income requirements?
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Riding the Equality Wave:
The bank’s boost in grant and ease in requirements is its own version of riding the equality wave, making homeownership more than just a pipe dream for minority communities. It’s time to break out those welcome mats!
The Assistant’s Hot Take
The Finance industry has finally woken up from its Rip van Winkle-esque slumber to the realization that access to homeownership might be quite uneven (a ‘lil birdie told us – it’s pretty much 50 shades). Bravo Chase for deciding to up its game in the tell-tale fashion of a fairy godmother!
The additional moula in the grant is akin to the famed pumpkin turning into a carriage for Cinderella. Meanwhile, the disappearing act of the income requirement for the DreaMaker mortgage is like that proverbial glass slipper – it just fits right into the grand scheme of things for many aspiring homeowners out there.
So, here’s the deal – It’s Chase’s version of a block party and everyone’s invited. Raising the grant? Dropping the income requirement? Is this a finance institution or a late-night talk-show host giving out free treats? Either way, we are here for it! With this move, Chase is not just opening its doors wider, it’s flinging them open, fireworks and all, to let in fresh faces. And to that, we say- keep ’em coming!
In summary, it’s evident that Chase’s increased grant & eased reqs on its DreaMaker mortgage are sure to let the sunshine in for a lot of aspiring homeowners from minority communities. As the chase for the American Dream becomes a universal sport, Chase sure knows how to make it a home run!
Original article: https://www.inman.com/2024/01/31/chase-home-lending-increases-homebuyer-grant-to-7500/
