How solid is this pre approval ? It seemed so much easier to get Pre Approved through them than the other 2 lenders I worked with. Anyone have any reviews on a pre approval through them?

For context, I (28M) living in SoCal. Already have a house I'm currently living in with my fiancee, which she paid for, but I'm splitting the mortgage with her. The title is under her name, which means I still qualify for FHA loan right?

I want to start investing in real estate and was hoping I could use this loan from Chase to help me get started on this side business I've been trying to do for the longest time. I have no debt, credit score of 808, about $32k in liquid cash, and $44k in investments (Roth IRA, Individual Brokerage, and 401k).

Is it a bad idea to move forward with this or should I wait?

Edit: Should probably mention that I make around $82k/year.

Looking for some insights on anyone that has had experience with Chase Home Lending. Have you had a good or bad experience?

My husband and I are looking to buy a new home, and we are not first-time homebuyers, and our current mortgage was set up by Union Bank, which now has transitioned into US Bank. We started searching for a new home last year, which we had a pre-approval letter through Bank of America. Unfortunately, we weren't able to find any good homes due to it being a VHCOL area, so we've since decided that we would be leaving the area completely. After doing some research, and visiting areas that we'd like to live in, we've finally decided on an area to move, but our pre-approval letter has now long expired, and we would have to go through the application process again.

We had thought that Chase would be more convenient for us, so we had thought that it wouldn't be necessary to go through our mortgage specialist at BofA. We've been in contact with a Lending Advisor at Chase since Dec 26, sent over all of our documents on the 27th, and both of our credit reports were pulled by them immediately on the 27th. We still haven't received a pre-approval letter from them, which I'm finding concerning, because I've waited at most 24 hours for pre-approvals in the past. I sent a follow up email on the 28th, and again today (Jan 2), and just now received a response that they would be processing our application in the next 24-48 hours.

Has anyone else also experienced very slow service through Chase? I understand that there was a major holiday, but it seemed very apparent that this Lending Advisor was "working" all of last week.

Edit to clarify: Lending Advisor is aware that we do have a property that we are in bid for and are in need of ASAP turn around. She is from our local branch, and we went to the branch in person to start the process.

I write this as I am in the process of trying to buy a house using Chase. What a mistake this is turning out to be. On my end, I have submitted all documentation that has been requested, same day. My closing day was supposed to be last week for their advertised 21 day close. Today was the 30th day, which they guarantee $5,000 for not closing before the 30th day, but I am sure they will find a way to not honor that. Anyways, I have been held up for 2 weeks now regarding a downspout extension, a leaky toilet, and one of the sinks in the basement is clogged. I can understand a leaky toilet, but that has been fixed and they will not recognize that. The sink and downspout extension on the other hand is almost as if they are abusing their power. We have provided evidence that a downspout extension, as suggested by an engineer, repair was completed. Even after explaining to them that there are other sinks in the basement and that the problematic sync will be ripped out, they do not find it acceptable. Thus, I am losing time on getting into the house and starting work. Buyer beware. Do not get a mortgage through Chase Bank.

Update 5/15: Two days ago, the customer rep I have been going through (based out of the Philippines) mentioned that I can write a letter explaining that these repairs are complete and the minor maintenance items do not pose a health risk in the house, do not effect integrity of house, and cause no damage to house. The realtor and I both did that and submitted that night (5/13). Yesterday, my realtor and I have sent multiple emails to the customer rep and a senior loan specialist and have heard nothing back so far. Will have to discuss with the realtor on how to move forward so we don't lose the deal. It's unfortunate because I start my new job in the town I'm moving to in the beginning of June and I'm getting absolutely reamed by Chase wasting my time.

Hi guys,

I’m getting pre approved for a car loan and a mortgage, they said that I could go get a car with the email that sent me but I’m not taking it however, I also got pre approved for a mortgage. How accurate is the pre approval with chase products on their app?

I am selling my old home and searching for a new one in a different city. My mortgage on my old home was through Chase. I told my realtor that I intended to get pre-approved through Chase again, and she was very insistent that she had people turned away specifically for financing through Chase. She recommended a finance co that she has worked with that is not affiliated with a major bank

Is this a thing? Are there issues with Chase specifically, and what are they?? Just trying to navigate this bs as best I can

I'm a first time home buyer and inquired with Chase (as my bank accounts & credit cards are with them) to get a preapproval letter. It was a pretty straight forward application process thankfully. We are looking for homes in Long Island NY for 1.5M max range, so the letter states at maximum 1.5M for purchase price. We told Chase we are willing to put a 20% down payment minimum, so the loan amount on the letter states 1.2M. Both me and my wife credit history is 790+ and got a rate of 6.625%. It states the points are 1.024% on the letter. My question is does this 6.625% account for the points? or can the rate be potentially 5.601%? I'm confused on this.

I went to this website in the hopes of getting a pre-approval letter: https://www.chase.com/personal/mortgage/mortgage-psbt1

Filled out the steps with mine and my spouse’s info. But when I hit “complete,” I got a confirmation (and email confirmation) saying a loan officer will be in touch and that my “home loan application was submitted.”

I didn’t mean to actually apply for a loan. I just wanted a pre approval letter.

To be fair, Chase asked for basic info (income, social security, employment last 2 years, etc) and not the whole shebang of W2 forms etc.

But I just want to make sure I didn’t actually apply for a loan. Just for someone to tell me what we qualify for / how much of a loan we’re preapproved for. (And if I actually did accidentally apply for a loan—what are the repercussions?)

Another side question—how much does credit score usually drop after these preapproval “looks” (as a ballpark). 5 points? 20?

Thanks so much for any help!!

Hi. Just starting to look at homes and was told by brokers they needed a pre approval /pre-qualification letter to even show me anything. It seems like the prequalification letter should not impact my credit score, but my chase home advisor kept telling me it might affect it but not to worry 🤨? Anyone have any experience in the matter? Should I use another bank since I've heard chase likes to do hard pulls on things other banks don't? Though i keep finding banks like ally that seem to only offer pre-approval. I've heard that working with ur own bank usually gives u a higher amount estimate (vs places like rocket mortgage)? I just don't want to affect my credit score especially since I'm not 100% committed to buying. Thanks

I primarily bank with chase, keep all my savings there but don't use their credit card because benefits have been shit. When I first started looking into buying a home like a year or two ago, I went there to get pre-approved.

They had me jump through a bunch of hoops, wouldn't give me a ballpark estimate unlike other lenders I found after, and made me run my credit only to get approved for like 300k, which will buy absolutely nothing except maybe a 1 bedroom co-op in my state

2 years, more savings, and a higher salary later, I randomly got a letter in the mail now saying that I'm approved for 600k to buy a house (which still won't get me anything in my area). They consistently give me the lowest lending power for some reason

Why did this happen? Did they run my credit again without me knowing? I did not apply for a mortgage with them again and did not sign off on it. They also pre-approved me for a chase sapphire card again without me applying.

So apparently when you submit a mortgage preapproval application to chase, youre not assigned to a rep. It seems to be more of a seagull/dorito on the beach situation.

Ive been getting phone calls from chase reps all over the country (nowhere near where i want to buy). I guess ill just pick one? Such an odd process.

Please which one is best for pre-approval?

BankofAmerica, Chase, WellsFargo, Zillow & rocket

Can anyone share their experience working with Chase home loans? I have a buyer who presented a preapproval from Chase. They were putting 50% down in cash and the rest 50% financing. Within a couple days of us going under contract, Chase sent out an appraiser without the listing agent and my knowledge (buyer’s agent). Thankfully, the appraiser couldn’t get into the property. we advised the appraiser that we would like to wait until after the inspection period before they perform the appraisal. At first, I was impressed because I figured wow Chase moves fast.

We passed the inspection period and the appraisal came back fine. To my surprise, the buyer notified me that they were denied for the mortgage loan by Chase. I understand that the preapproval isn’t really the Bible, and we won’t really know until after they perform the underwriting, but I was surprised by this. Why would Chase send out an appraiser if they weren’t sure they could approve the buyer for the loan? I’m still waiting on the denial letter to submit to the title company. I don’t understand if they deny someone for a loan, why can’t they issue the letter stating their decision immediately? Moving forward with any bank loans, I’m going to advise my clients to get a secondary approval with a direct lender to avoid this.

I’ve been working on my credit and recently paid off all my debt. I just opened up a chase checking account at a branch and while I was setting up the account they mentioned I was pre approved for most of their cards which was a surprise but I do have a high income which could be believable.

701 Fico 8 pre debt payoff - still waiting to see how that drop in utilization will increase my score.

192k yearly income

I’m just curious how accurate in branch pre approvals are from Chase. I’ve heard in app and online pre-approvals are mixed and usually sent by marketing. I was curious if in branch pre-approvals are more accurate.

I am currently a Chase Checking account holder.

My FICO score is 797.

I currently hold an AMEX Platinum, Marriott Bonvoy Brilliant, and Hilton Surpass cards, two Capital One Venture cards, a Citibank American Airlines platinum .

I am currently at 4/24 for new cards.

Approximately 17 years ago, due to a serious extended illness, I defaulted on several thousand dollars of credit card debt with Chase.

Previously, when checking the preapproval tour with Chase, I receive no offers. Now I am receiving an offer for a Southwest Airlines, Chase card and a freedom card.

I would be grateful of someone could help me understand the following:

1.) Does the fact that I am now receiving preapproved offers mean that I could indeed get a Chase card again? If I were eligible for a Sapphire card, for example, would it neccessarily show up in the preapproval tool?

2.) Does the 5/24 rule apply to a business card as well?

3.) does Chase match applicants, even if shown is preapproved, against some sort of “blacklist“ if there was a long past debt?

We literally have been back and forth with this chase banker. I swearrrr she’s pissing me off. Like someone tell me how long does it REALLY take to get a pre-approval?!? It’s been like 4 days! And we’re still waiting. We have a house in mind but mannn she’s taking FOREVER JUST TO DO THAT. Am I wrong or just impatient. This is big for me and my husband first purchase together.

I have read that if you get pre-approved multiple times within a week or two, it would only affect your credit once. If you are in a situation where you need to move quickly, would it be a smart move to get pre-approved online (since its a quick process) and then shop around at different banks for the mortgage you want? Does the thought process in this question even make sense?

Getting a conditional mortgage approval from Chase and they are saying this is the most formal commitment they can give before I make an offer on a home. Broker wants my lender to verify everything (income, assets etc) and have no diligence checks on my financial situation by the time I make an offer. Which one is market standard when I’m starting to look at homes and want to be ready to make an offer at any point?

I thought a pre-approval based on conversations with the bank was standard but I guess that has changed? Any insight into the process would be helpful.

So I've been pre-approved through chase. At a 15 year conventional its a 5.85% rate and 30 year is 6.25%.

Rocket mortgage still needs some documentation but my parents said they gave the best rate when they bought another house. They also come with a realtor and a few programs that sound to save some money in the short term. Not too sure of the rate but seems to be around the same as Chase's.

Waiting on a call back from 2 different realtors to talk about what I'm looking for but not sure which I should focus on.

If anyone with experience with these 2 could let me know which might be better over time would be great.