Chase has enhanced its Military Mortgage Program by offering $300 off closing costs to all active military members, veterans as well as their parents and children when purchasing or refinancing a home through Chase Mortgage.

Also read about the government's veteran no deposit home loan program.

The offer includes parents of servicemembers to recognize their support of their sons and daughters.

The offer expands Chase's Military Mortgage Program, which gives special attention to Guard and Reserve servicemembers at the time of loan origination, during their mobilization and for more than a year after demobilization.

Extended Repayment Agreement
One of the highlights of Chase's Military Mortgage Program for Guard and Reserve servicemembers is its extended repayment agreement, which allows qualified servicemembers to defer payments on their mortgage for a Title 10 or 32 Mobilization lasting 30 consecutive days or longer.

Other benefits of the Chase Military Mortgage Program include:
*The ability to apply for a Military Mortgage program loan after mobilization pre-alert;
*The choice to defer part or all of the mortgage payments during Title 10 or 32 mobilization lasting 30 consecutive days or longer, with
*No late payment fees
*No negative credit report sent to credit bureaus;
*Access to the full range of Chase fixed-rate and adjustable-rate mortgages;
*Toll-free telephone customer service;
*Consistency of service, with Chase's commitment to continue servicing the loans;
*Application of the program to vacation homes and investment properties as well as primary homes; and 
*The full range of other benefits of a Chase mortgage.

To take advantage of the program, borrowers must:
- Notify Chase when they receive their mobilization order;
- Be in good standing on their existing mortgage, with no payments more than 30 days late in the past 12 months (or life of loan, if less than 12 months);
- Remain current on all other loans and lines of credit; and
- Have qualified and closed on the mortgage under civilian income.

Servicemembers who receive mobilization orders before applying for a loan are not eligible for the Military Mortgage program.

When servicemembers are demobilized, the program offers many different options, including doubling up on the payment, modifying the loan to stretch out the payments, and refinancing the loan at the current market rate.

Chase originates more than $150 billion in mortgages and home equity annually, and services a portfolio of more than $500 billion in residential mortgage and home equity outstanding balances.

Calculate new purchase mortgage loan payments and interest or mortgage refinancing payments and interest.