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Offering mortgage benefits and support to the military

Veterans, military servicemembers and members of the Guard and Reserve can save $495 on closing costs

Eligible borrowers can:

Apply for Veterans Administration (VA) loans that may offer no down payment and no monthly mortgage insurance (MI)

Take advantage of servicing benefits that go beyond SCRA protection

Chase is committed to:

Employing veterans

Helping military families and veterans own homes and providing support to help keep them in their homes

Providing training and educational resources to help veterans transition from the military and have successful careers

Offering financial solutions that meet the banking needs of military servicemembers and veterans

Chase Military Mortgage Program

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Helping buyers find a home that fits their budget

Eligibility1. Applicant is determined to be a Low-to-Moderate Income Borrower (LMIB)

Applicant(s) are determined to be LMIB when the total qualifying income is equal to or less than 80% of the Area Median Income (AMI) for the location of the property being purchased as defined by Chase

AND/OR2. The subject property is located in a Low-to-Moderate Census Tract (LMIT)

A property that is located within a “low” or “moderate” income census tract (LMIT) in an eligible CRA Assessment area as defined by Chase

Requirements Property – Owner Occupied within select JPMorgan Chase CRA markets Transaction Type – Purchase transaction ONLY Applicant Eligibility – Application must be determined LMIB

OR the property must be located within LMIT Maximum Subsidy Eligible – up to $1,500

Financial Assistance Program

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Rewarding homeowners with a mortgage that pays them back

Through the 1% Mortgage Cash Back Program, homeowners can get cash back rewards and earn up to $500 annually for the life of the program

To qualify, the buyer must have their new mortgage payment automatically deducted from their Chase personal checking account

The cash reward can then be placed in their checking account or applied to the mortgage principal*

Mortgage Cash Back Program

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Our Service Promise: A single point of contact for Realtors!

A dedicated Mortgage Banker who is accessible and responsive

Someone who understands their business and works the way they do

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Additional Benefits for our Priority Partners: Access to timely education and insights

• Monthly eNewsletters

• Real Estate Connections events and webinars

Uncover shared opportunities

• Partner links on Mortgage Banker website

• Short Sale Referral Program

• Bank branch traffic

Partnership opportunities

• Homebuyer Seminars

• Attend closings and open houses

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SHORT SALE & CHASE LIST ASSIST

Bill CarrNational Distressed Properties Manager

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Trying to Avoid Foreclosure

Chase has substantial safeguards in place designed to ensure that foreclosures are

both a last resort and instituted only in appropriate cases.

24 Months Nationally

Based on current month data, average

number of months an account is past due

when foreclosure sale occurs.

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Chase Short Sale Program

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Chase’s Proactive Short Sale Program

Short Sale Accelerator Program – offers substantial cash incentives

and deficiency waivers (portfolio specific) to list and sell property

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Chase’s Proactive Short Sale Program

Preapproved Offer Acceptance – provides a preapproved offer

amount to customers and their real estate agent that Chase agrees

to accept

Deed-in-Lieu Incentives – provided clear and marketable title

available, Chase may pay incentive and “take the property back”

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Chase’s Proactive Short Sale Program

EQUATOR ROLLS OUT OCTOBER 5, 2012 Announcement will be sent on October 1 to all real estate agents enrolled in

Equator

Full capability for customers and real estate agents to upload:

• Third party authorizations

• Listing agreements and agreements of sale

• HUD-1 settlement statements

• Financial documentation

• Obtain transaction status updates and communicate directly with negotiators through the portal, minimizing phone traffic and outside email

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Short Sale – Financing and Timing

Cash transactions close quickly

Continual issues with the buyers’ ability to secure financing

Once short sale approved, takes up to 90 days to close since most

buyers only obtain prequalification

If financing fails, the account remains in short sale inventory as

long as it is listed, awaiting next offer.

Proper prequalification of your buyer is critical!

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What Can You Do to Help With a Short Sale?

USE EQUATOR STARTING OCTOBER 5, 2012!

Set reasonable expectations regarding timelines and valuations.

Know your seller. Properly prequalify your buyer!

Submit complete short sale request prior to receiving a contract or

at time of listing - do not wait for a buyer! Start the process!

Return required documents promptly (within 3 days of request).

Ensure proposed transaction is “at arm’s length” and there is no

potential conflict of interest.

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Chase Short Sale Resources

Short Sale Hotline: 866-233-5320

chase.com/foreclosure alternatives or chase.com/hafa

Chase Homeownership Centers:

● Locate Chase Homeownership Centers at chase.com/MyHome

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For real estate and lending professionals only and not for distribution to consumers. This document is not an advertisement for consumer credit as defined in 12 CFR 1026.2(a)(2).

Union Plus® is a registered trademark of Union Privilege. This program is only available to bona fide members of participating unions, their parents and children. Eligibility for mortgage assistance begins one year after closing on a Union Plus Mortgage through Chase. For information regarding mortgage assistance, visit www.unionplus.org or contact Union Privilege directly.

Borrowers must identify themselves as veterans or members of the U.S. military. Documentation of service may be required to receive Chase Military Mortgage Program benefits. Restrictions and limitations apply.

Low-to-Moderate Income (LMI) Subsidy is available on purchases only. Not available in all areas. Contact a Chase Mortgage Banker for details, and to determine eligibility.

For down payments less than 20%, on conventional loans, mortgage insurance (MI) may be required and MI charges may apply.

For the Adjustable-Rate Mortgage (ARM) product, interest is fixed for a set period of time, and adjusts periodically thereafter. At the end of the fixed-rate period, the interest and payments may increase.  The APR may increase after the loan consummation.

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Home lending and deposit products offered by JPMorgan Chase Bank, N.A. Member FDIC.©2012 JPMorgan Chase & Co.

All home lending products are subject to credit and property approval. Rates, program terms and conditions are subject to change without notice. Not all products are available in all states or for all amounts. Other restrictions and limitations apply.

1% Mortgage Cash Back: With the patent pending 1% Mortgage Cash BackSM program, customers can earn up to 1% cash back on their mortgage. This offer is only available for new, residential first mortgage purchase and refinance loans submitted directly to Chase. The 1% cash back award is calculated on customers’ scheduled monthly principal and interest payments on mortgages applied for and closed only with Chase. The award does not apply to extra principal payments or to payments for escrowed items such as taxes and insurance. Customers must enroll in the 1% Mortgage Cash Back program online at chase.com within 60 days of closing. Customers without access to chase.com should contact their Mortgage Banker within 60 days of their closing for enrollment help. Awards will be paid approximately 2 weeks after the anniversary of a customer’s closing date. Customers can choose to have the award paid by direct deposit into a Chase personal checking account or applied to their outstanding principal balance. Customers must choose how they want to receive their 1% award when they enroll. Customers can change how they want to receive their award at any time on chase.com or by calling the Customer Service Center at the number listed on their mortgage statement. To be eligible, a customer must: (1) Have a new or existing Chase personal checking account opened before their loan closing, and (2) Enroll in Chase’s automatic mortgage payment service. With this service, their mortgage payment will be automatically deducted from their Chase personal checking account. Payments must go directly from a Chase personal checking account to the Chase mortgage and not be managed by third parties. Upon the customer’s enrollment, Chase will review the account to ensure the eligibility criteria are met. If for any reason the account does not meet the above criteria, Chase will cancel the enrollment in the Mortgage Cash Back program. This offer is not transferable, is limited to one per customer at any given time, and may be discontinued at any time without notice. Geographic and other restrictions and limitations may apply. Loans where servicing is not retained by Chase are excluded. There is a $500 calendar year cap on the principal reduction or cash back amount. The 1% Mortgage Cash Back may result in taxable income to the customer. We encourage customers to consult with personal tax advisors. For full program terms and conditions, visit us at chase.com/MortgageCashBack.

Thank You!