Apply for a Chase home equity line of credit today

Flexibility

Access your line of credit up to 10 years, followed by a 20-year repayment period

The Chase Fixed-Rate Lock Option

Switch from a variable rate to a fixed rate on all or a portion of your line of credit.

Fees

Only a $50 origination fee and a $50 annual fee — no additional application fees or closing costs in most cases.

Get more out of the equity you've put into your home

Home improvements

Pay for a new kitchen or deck

Save money

Pay off high-interest credit card balances and loans

Cover expenses

Like College or medical costs

Chase customers can get up to 0.62% off the standard variable rate.

0.25%1

with a qualified Chase checking, savings or investment  account

+
0.12%2

with automatic payments to your home equity account from your Chase checking account

+
0.25%3

when you provide contracts or bids for an upcoming $30,000 home improvement project OR  you withdraw $30,000 from your home equity line at closing

Current home equity line of credit rates

insert iframe comp for rate feed

Rates vary depending upon credit line amount, lien position, occupancy status, and collateral location; please inquire about available rates in your area, and about rates for line amounts less than 50,000

IMPORTANT PROGRAM INFORMATION

All home lending products are subject to credit and property approval. Rates, program terms and conditions are subject to change without notice. Not all products are available in all states or for all amounts. Other restrictions and limitations apply.

The Chase Home Equity Line of Credit features variable rates based on the Prime Rate (as published in The Wall Street Journal), which as of 3/05/2020, range from 4.75% APR to 7.26% APR for line amounts of $50,000 to $99,999, from 4.75% APR to 6.51% APR for line amounts of $100,000 to $149,999, from 4.75% APR to 6.51% APR for line amounts of $150,000 to $249,999, and from 4.75% APR to 6.51% APR for line amounts of $250,000 to $500,000. Rates vary depending upon credit line amount, lien position, and collateral location; please inquire about available rates in your area, and about rates for line amounts less than $50,000.

Advertised rates are tied to the Prime Rate published in The Wall Street Journal, effective as of 3/05/2020. The Prime Rate has a direct relationship to the Federal Funds Rate established by the Federal Reserve Board’s Federal Open Markets Committee. Any change in the Federal Funds Rate effective on or after 3/05/2020, will directly affect the Prime Rate published in The Wall Street Journal, as well as the rates advertised here. Therefore, depending on the date that you apply, the advertised rates can't be available.

Lifetime APR won't exceed 21%. All stated rate ranges apply to lines secured by owner-occupied, single-family residences (includes townhomes, row homes and condominiums), co-ops, 2-unit residences and group homes. Ask us about our collateral and combined loan-to-value (CLTV) ratio requirements to be eligible for these rates.

The Chase Home Equity Line of Credit can't be used to purchase the property being used as collateral.

Property insurance is required; if the collateral is determined to be in an area having special flood hazards, flood insurance will be required as well.

The product requires an origination fee of $50, which may be financed (for TX homestead properties, the origination fee can't be financed). The origination fee is waived if you are already a Chase home equity customer. The customer is responsible for a $50 annual fee after the first year, except for TX homestead properties. The annual fee is waived for customers who secure a new Chase Home Equity Line of Credit and open a new or have an existing Chase Premier, Chase Premier Plus or Chase Sapphire checking account.

If your property is located in AL, FL, GA, MD, MN, NY, OK, TN or VA, you'll pay a mortgage recording tax between 0.115% and 2.175% of your credit limit amount. This tax is due at closing but may also be financed. In the Orleans Parish of LA, you'll pay a flat fee of $325.

Chase Home Equity Lines of Credit aren't available in AK, HI, and SC.

The minimum allowable line amount is $25,000 ($10,000 in MI).

Home Equity Line of Credit Lock Feature: You can switch outstanding variable interest rate balances to a fixed rate during the draw period using the Chase Fixed Rate Lock Option. You may have up to five separate locks on a single HELOC account at one time. There is no fee to switch to a fixed rate, but there is a fee of 1% of the original lock amount if the lock is cancelled after 45 days of the lock date. Minimum lock amount is $1,000 and maximum lock amount is up to 95% of the credit limit at closing or 100% after closing. The minimum lock term is 12 months and the maximum term depends on the remaining term of your HELOC. All locks must be paid in full not later than 2 months before the final HELOC account maturity date.

Tax Deductibility: JPMorgan Chase does not offer tax advice. Please consult your tax advisor regarding the deductibility of interest for home improvements.

Debt Consolidation Information: The amount you save on debt consolidation may vary by loan. Since a home equity line may have a longer term than some of the bills you may be consolidating, you may not realize a savings over the entire term of your new line. In addition, your line may require you to incur premiums for hazard and, if applicable, flood insurance, which would affect your monthly payment reduction. Federally Guaranteed Student Loans should not be consolidated because you will lose important federal benefits.

Investment products and services are offered through J.P. Morgan Securities LLC (JPMS), a registered broker-dealer and investment advisor, member of FINRA and SIPC. Annuities are made available through Chase Insurance Agency, Inc. (CIA), a licensed insurance agency, doing business as Chase Insurance Agency Services, Inc. in Florida. JPMS, CIA and JP Morgan Chase Bank, N.A. are affiliated companies under the common control of JPMorgan Chase & Co. Products not available in all states.

Home lending and deposit products offered by JPMorgan Chase Bank, N.A. Member FDIC

INVESTMENT AND INSURANCE PRODUCTS:

• NOT A DEPOSIT • NOT FDIC INSURED • NOT INSURED BY

ANY FEDERAL GOVERNMENT AGENCY

• NO BANK GUARANTEE • MAY LOSE VALUE