PITTSBURGH — Chase Home Lending, part of JPMorgan Chase & Co., expanded 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.
New York-based Chase (NYSE:JPM) is the nation’s largest bank according to assets, which were $3.4 trillion as of the end of 2020. It entered the Pittsburgh retail banking landscape in fall 2019.
Chase said effectively doubling the grant size to $5,000 and expanding it geographically is another step in its $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. Qualified customers can receive an additional $500 by completing a certified education course and getting a DreaMaker mortgage through Chase.
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