NEW YORK--(BUSINESS WIRE)--Chase today announced it is simplifying its jumbo loan product and lowering FICO and downpayment requirements for those loans. A buyer with a FICO of 680 or higher looking to purchase a single-family property can now put as little as 15 percent down. Previously, single-family homebuyers were required to have a minimum FICO of 740 with 20 percent down payment. “We want to make sure homebuyers can easily understand the benefits of financing with Chase,” said Steve Hempe