Chase Business customers can get 1% off mortgages

06 Oct 2026, 11:37 · The Fresno Bee

Chase Bank has long offered a Relationship Pricing Program to personal banking customers. Through this program, you could earn a mortgage rate discount of up to 1% when you buy a house or refinance your mortgage loan.

For a long time, this perk was only available to those with personal accounts with Chase or J.P. Morgan.

But as of October 2026, Chase is extending its Relationship Pricing mortgage rate discount to Chase Business Banking customers.

“We’re opening the Chase Home Lending Relationship Pricing Program for the first time to Business Banking customers because we see an opportunity to connect business and personal financial conversations, and deliver greater value to our shared clients,” Ryan Hayes, head of retail sales at Chase Home Lending, told TheStreet.

“That means more than 7 million small business customers could qualify for the program,” Hayes said.

How to qualify for the new 1% mortgage rate discount

Both new and existing Chase Business Banking customers are eligible for a mortgage rate discount through Relationship Pricing.

In short, existing qualifying balances can earn you an initial discount, while new money brought to Chase or J.P. Morgan can earn additional discounts, with the two combined capped at 1%.

If you’re an existing customer, you may qualify for a 0.125% rate reduction if you have between $150,000 and $999,999 in a combination of Chase deposits and J.P. Morgan investments. That discount increases to 0.25% if you have $1 million in deposits or investments.

Whether you’re an existing or new customer, you can earn a larger discount by moving new money into a Chase Business Banking account or J.P. Morgan investment account.

“New money” refers to cash that isn’t already in a Chase or J.P. Morgan account yet. So, you could transfer funds from a different institution into these new ones.

Here’s how the mortgage rate deductions break down, based on your new money or investments:

$75,000: 0.05% rate discount
$187,500: 0.125% rate discount
$375,000: 0.25% rate discount
$562,500: 0.375% rate discount
$750,000: 0.5% rate discount
$937,500: 0.625% rate discount
$1.125 million: 0.75% rate discount
$1,312,500: 0.875% rate discount
$1.5 million: 1% rate discount

Important note: You can combine your existing balance discount with the new money discount for up to 1% total off of your mortgage rate.

For example, if you already have $1 million of qualifying funds with Chase and J.P. Morgan, you may be eligible for a 0.25% rate reduction. By depositing an additional $1.125 million, you’d reach 1% total.

But if you already qualify for a 0.25% discount and deposit $1.5 million more, you wouldn’t receive a 1.25% reduction. You’d still max out at 1%.

Edward Chaidez / Getty Images

Types of mortgages that qualify for the mortgage rate discount

Chase Home Lending is expanding its Relationship Pricing program to Business Banking customers, but that doesn’t mean your mortgage needs to be related to your business to get the discount. This program is still for residential mortgage loans, not commercial ones.

The lower rate applies to conforming, conventional mortgages, which is what you may think of as a “regular mortgage.” However, a Chase representative confirmed to TheStreet that other types of home loans also qualify for the discount.

More Mortgage Rates:

Jumbo loans may also qualify. In 2026, a mortgage generally becomes a jumbo loan when it exceeds $832,750 in most U.S. counties, although the limit is $1,249,125 in certain high-cost areas, according to the Federal Housing Finance Agency.

FHA loans and VA loans can also qualify for the Relationship Pricing rate discount.

If you’re unsure whether the type of loan you want is eligible for the Chase Business Banking Relationship Pricing mortgage rate discount, speak with a Chase Home Lending Advisor.

Chase expands its efforts to make homeownership more affordable

Chase’s expansion of its mortgage rate discount couldn’t have come at a better time. Mortgage rates have spiked since late August 2026, with the average 30-year fixed rate reaching 7.28% the week of Oct. 1, according to Freddie Mac data — its highest point in almost three years.

Any reduction would help buyers, especially a 1% mortgage interest rate discount.

This deduction is just the latest move JPMorganChase has made to make homeownership more affordable for its customers, though.

I’ve been reporting on mortgage lenders for years, and I’ve seen Chase drop limited-time rate discounts on new and refinanced mortgages from time to time. These rate sales usually last for two or three weeks.

The new Relationship Pricing benefit is part of a broader push by JPMorganChase to expand its involvement in housing.

In August 2026, JPMorganChase promised to pour $750 billion into housing through 2035.

In its pledge, the firm announced it plans to finance 1 million affordable housing units, help 500,000 customers (including 200,000 first-time buyers) buy homes, and get involved in housing policy nationwide.

For homebuyers and homeowners considering a refinance, the takeaway is simple: If you already bank with Chase Business Banking — or are willing to move qualifying assets to Chase or J.P. Morgan — you may now have another way to cut your mortgage rate.

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This story was originally published October 6, 2026 at 4:37 AM.