Chase has increased its grant to $7,500 in 8,500 of the 15,000 communities in within its homebuyer grant program. The bank also removed the income requirement for its 3% down DreaMaker mortgage
Opendoor Home Loans is available in six markets across Texas and Arizona and is supposed to provide consumers with a simpler, faster and cheaper lending experience
Tim Foley will serve as executive vice president of operations. He will report directly to CEO Ryan Gorman
The promise comes as lenders compete for borrowers