RecastWise

Chase Mortgage Recast: Fee, Minimum & How to Request

Last verified July 2026 · Widely reported by third parties — not officially published

Offers recastingYes, on eligible loans
Reported feeReported as $0 (Chase's page says "no fees or application needed," but disclaims fees may apply) — treat as ~$0–$150, unconfirmed.
Reported minimumNo fixed minimum stated, though a small paydown won't move the payment much; lump sums around $10,000+ are practical.

These figures are reported for planning and can change at any time. Chase's written recast agreement is what binds — confirm the current fee, minimum, seasoning, and your loan's eligibility with Chase before sending any payment.

What to know about a Chase recast

Conventional loans only; FHA, VA and USDA explicitly not eligible (stated on Chase's own page). No appraisal, credit check or income docs. Availability depends on investor guidelines and Chase can stop offering recasts at any time.

Is your loan eligible?

  • Conventional (Fannie Mae / Freddie Mac) loans are usually eligible, subject to your servicer and investor.
  • FHA, VA and USDA government loans generally cannot be recast (re-amortization only happens inside a loss-mitigation modification, which is a different process).
  • Jumbo and portfolio loans vary case by case — only the servicer/investor can confirm.
  • Interest-only loans, Option ARMs and commercial loans are typically ineligible.

How to request a recast

  1. Confirm your loan is current and past any seasoning period (often 2–6 on-time payments).
  2. Contact Chase and ask for their recast/re-amortization form — most servicers require the request before or with the lump sum, so an unsolicited principal payment won't automatically recast the loan.
  3. Make the qualifying lump-sum payment and pay any recast fee as directed.
  4. Allow roughly 30–60 days for the new, lower payment to take effect.

See your new payment

Estimate exactly how much a lump sum would lower your payment — and whether recasting, extra principal, or refinancing costs least — in the recast calculator. New to recasting? Start with what is a mortgage recast, or compare other servicers on the lender policies page.

Frequently asked questions

Does Chase offer mortgage recasting?

Yes — Chase is reported to offer recasting on eligible loans. Conventional loans only; FHA, VA and USDA explicitly not eligible (stated on Chase's own page). No appraisal, credit check or income docs. Availability depends on investor guidelines and Chase can stop offering recasts at any time.

How much does a Chase recast cost?

Reported as $0 (Chase's page says "no fees or application needed," but disclaims fees may apply) — treat as ~$0–$150, unconfirmed. (Widely reported by third parties — not officially published.) Recast fees industry-wide are commonly $150–$500, and a few large banks are reported fee-free. Confirm the current fee directly with Chase.

What is the minimum lump sum for a Chase recast?

No fixed minimum stated, though a small paydown won't move the payment much; lump sums around $10,000+ are practical. Minimums industry-wide are usually $5,000–$10,000, sometimes about 10% of the balance. Confirm with your servicer.