Lender Recast Policies 2026: Chase, Wells Fargo & More

Recast policies aren’t set by some universal rule. Each loan servicer decides whether to offer recasting, what the minimum lump sum is, and what fee they charge. Before you plan a recast, you need to know your specific servicer’s rules. Here’s a guide to what major lenders typically offer in 2026, and how to confirm the details for your loan.

First, know who your servicer is

The company you send your mortgage payment to is your servicer, which may not be the bank that originated your loan. Loans are frequently sold and transferred. The recast policy that applies to you is your current servicer’s policy, so check your most recent statement for the right contact.

Typical policies at major servicers

The figures below reflect commonly reported terms. Always confirm directly, since servicers update policies and make case-by-case exceptions.

Lender / servicer	Recast offered?	Typical minimum	Typical fee
Chase	Yes (eligible loans)	~$5,000	$150–$500
Wells Fargo	Yes (eligible loans)	~$5,000+	$150–$500
Bank of America	Yes (eligible loans)	Varies	$150–$500
Rocket Mortgage	Yes (eligible loans)	Varies	$150–$500
UWM	Yes	$5,000	$150–$500

Across the industry, recast fees generally fall in the $150 to $500 range (around $250 is common), and minimum lump sums cluster around $5,000 to $10,000.

Chase mortgage recast

Chase offers recasting (which it may refer to as re-amortization) on eligible loans. As with most servicers, conventional loans qualify while government-backed loans typically don’t. Expect a minimum lump sum in the $5,000 range and a one-time fee within the usual $150–$500 band. Submit the request through Chase’s servicing channel and mark your lump sum as a principal payment.

Wells Fargo recast

Wells Fargo also supports recasting on eligible conventional mortgages. The bank re-amortizes your remaining balance after a qualifying principal reduction, keeping your rate and term. Confirm the current minimum and fee with Wells Fargo directly, as terms can vary by loan program.

What every lender has in common

Regardless of servicer, recasting works the same way under the hood:

• Your interest rate stays the same
• Your payoff date stays the same
• Only your monthly payment goes down
• There’s no credit check and no closing costs
• The process takes roughly 30–45 days

And one universal rule: FHA, VA, and USDA loans generally cannot be recast, no matter the servicer. Those are government-backed programs, and recasting isn’t part of their structure. See our FHA, VA & USDA recast guide for the alternatives.

How to confirm your servicer’s policy

Call your servicer and ask these five questions:

1. Do you allow recasting on my loan?
2. What’s the minimum lump sum required?
3. What’s the one-time fee?
4. How long does processing take?
5. How do I submit the lump sum so it’s applied correctly?

Get the answers in writing if you can. For a fuller breakdown of policies by servicer, see our dedicated lender recast policies page.

Plan the savings before you call

Once you know your minimum and fee, run the numbers in the calculator to see your new payment and total interest saved. If you’re still comparing approaches, our recast vs refinance guide helps you decide whether to recast at all in today’s rate environment.