February 17, 2021, NEW YORK -- Chase Home Lending today announced the expansion of its grant program to $5,000 to help more customers cover closing costs and down payment when buying a home in 6,700 minority neighborhoods nationwide.
Qualified customers can receive an additional $500 by completing a certified education course and getting a DreaMaker mortgage through Chase.
Increasing the grant to $5,000 and expanding it geographically is another step in the firm’s $30 billion Path Forward commitment to help close the racial wealth gap. That includes helping an additional 40,000 Black or Latinx families buy a home over the next five years.
“This grant will help stabilize and revitalize communities across the country,” said Cerita Battles, head of Community and Affordable Lending at Chase. “We’ve hired more people to reach Black and Latinx communities and are redesigning our mortgages to help more families achieve homeownership.”