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 4/3/2020, range from 3.75% APR to 6.26% APR for line amounts of $50,000 to $99,999, from 3.75% APR to 5.51% APR for line amounts of $100,000 to $149,999, from 3.75% APR to 5.51% APR for line amounts of $150,000 to $249,999, and from 3.75% APR to 5.51% 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 4/3/2020. 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 4/3/2020, 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).