Chase announced in early August that it was making its jumbo loan product more simple and also lowering the requirements for FICO and downpayment. What this means in real terms today is that buyers with a FICO of 680 or above (previously a minimum of 740) seeking finance to acquire a single-family property can downpayment 15% (previously 20%). This is a big change which reflects Chase’s updated analysis of borrower risk… and one hopes it carries across to Chase personal loans products.