Recasting a Chase Mortgage: Complete Walkthrough
Quick answer: Chase allows mortgage recasting on conventional loans. Chase says “there is no minimum amount required” for the lump sum, and it doesn’t publish a fee (“Fees may apply”). Federal Housing Administration (FHA), Department of Veterans Affairs (VA), and U.S. Department of Agriculture (USDA) loans aren’t eligible. To start, call Chase Home Lending Customer Service at 1-800-848-9136 and ask about your loan.
Eligibility
According to Chase’s recast page:
- Conventional loans: Eligible
- FHA, VA, and USDA loans: Not eligible
- Loan status: Your loan must be in good standing
- Recasting again: You may be eligible to recast again after you reduce your principal further
Ask Chase whether your specific loan qualifies before you send any money.
Fees and minimums
| Item | What Chase says |
|---|---|
| Recast fee | Not published (“Fees may apply”) |
| Minimum lump sum | None (“there is no minimum amount required”) |
| Processing time | Not published; ask Chase |
Ask Chase for the exact fee on your loan before you request a recast.
How to request a Chase recast
Step 1: Confirm eligibility
Call 1-800-848-9136 (Chase Home Lending Customer Service) or sign in to your mortgage account at chase.com.
Ask:
- Does my loan qualify for a recast?
- What is the fee?
- How should I send the lump sum, and how do I submit the recast request?
- How long will it take?
Step 2: Send the lump sum
Use the payment method Chase tells you to use. Get wire instructions from Chase directly, never from an email or a third-party source.
Critical: Make sure the lump sum is applied to principal for the recast. Otherwise it may be applied to your next regular payment instead.
Step 3: Submit the request
Send the recast request and any fee the way Chase instructs. Keep copies of everything you send.
Step 4: Confirm receipt and check the lump sum
Call Chase or check your account to confirm Chase received your request. Then check that your principal balance dropped by the lump sum amount. If the lump sum shows up as a “future payment” or “extra payment” instead of a principal reduction, call Chase right away.
Step 5: Review the new payment notice
When the recast is done, Chase sends a new payment amount. Verify:
- New monthly principal and interest payment matches what you calculated
- New payment effective date
- Term is unchanged
- Rate is unchanged
If anything looks off, call Chase before the new payment is due.
Step 6: First reduced payment
Keep paying your old amount until the new payment takes effect. If you use autopay, ask Chase whether it adjusts automatically, and check the amount yourself.
Worked example: Chase recast math
Megan has a $375,000 Chase mortgage at 5.875%, 26 years remaining. She received a $60,000 inheritance and wants to recast.
Pre-recast:
- Balance: $375,000
- Monthly principal and interest: $2,374
- Total remaining interest if she changes nothing: $367,000
Post-recast:
- Balance: $315,000 ($375K − $60K)
- Monthly principal and interest: $1,994
- Monthly savings: $380
- Fee: Chase doesn’t publish one; even a fee of a few hundred dollars pays back in under a month here
vs. Just make the $60K extra payment without recasting:
- Balance: $315,000
- Monthly principal and interest: $2,374 (unchanged)
- Loan ends ~5 years early
- Total interest saved: $98,000 more than the recast scenario
For Megan: if she values monthly cash flow ($380/month), recast. If she values fastest payoff ($98K interest saved), just make the extra payment without recasting. Both are legitimate goals.
Common Chase recast issues
“My lump sum was applied to future payments.” This is a common problem with any servicer. Call Chase and ask for the payment to be applied to principal as part of your recast request.
“My recast was denied.” Chase requires your loan to be in good standing. Ask Chase what made your loan ineligible and whether that can change.
“My ARM rate just adjusted.” If your adjustable-rate mortgage (ARM) just adjusted to a higher rate, recasting will lock in the higher rate at the new lower balance. The mechanics still work, but make sure you’ve considered refinancing instead.
Alternatives to a Chase recast
Before paying a recast fee:
-
Run the math vs. just making the $X extra principal payment without recasting. See our recast vs. extra payment comparison.
-
Run the math vs. refinancing (if rates are below your current rate). See our recast vs. refinance guide.
-
Run the math vs. investing the lump sum. If your Chase rate is below 4.5%, the math may favor keeping the mortgage and putting the lump sum into safe yield instead.
The fee is rarely the deciding factor. But the strategic question (recast vs. alternatives) matters a lot.
Chase Home Lending contacts
- Customer Service: 1-800-848-9136
- Online: sign in to your mortgage account at chase.com
Always confirm contact information directly with Chase before sending sensitive documents or wires.
FAQ
Can I recast a Chase home equity loan or home equity line of credit (HELOC)? Ask Chase. Its published recast terms cover conventional mortgage loans.
Does Chase require an appraisal or a credit check for recasting? No. That’s one of the main differences vs. refinancing.
Can I recast online without calling Chase? Ask Chase how to submit your request for your loan.
How many times can I recast my Chase mortgage? Chase says you may be eligible to recast again after you reduce your principal further. Ask about the fee each time.
Source: Chase mortgage recast page, last verified October 2026. Verify all details with Chase directly before initiating a recast, since their terms can change. RecastCalc is not affiliated with Chase or JPMorgan Chase & Co.
About the author: Ivan Stamenov is the founder of RecastCalc and operates Marcon Groupe LLC.