Does Chase offer HELOCs?

Yes, again. Chase stopped taking HELOC applications in 2020 and brought the product back in 2025. Here's what it offers now and how to compare it.

Reviewed by Shawn Way, NMLS #1007298★ 4.9 from 111 reviewsUpdated October 28, 2026

The pause and the return

Chase was one of the first big banks to stop taking HELOC applications at the start of the pandemic, in April 2020. During the five-year gap, it offered cash-out refinances to customers who wanted to tap equity.

The return happened in stages. According to American Banker, Chase first offered HELOCs to some customers through branches in spring 2025, then formally relaunched the product in August 2025, citing customer demand for more flexible ways to borrow against home equity. Banking Dive reported the same relaunch and noted that borrowers can access equity without changing the rate on their current mortgage.

Wells Fargo, which paused at about the same time, had not restarted as of October 2026.

What Chase offers as of October 2026

Based on Chase's home equity page as of October 2026:

• How much: up to 80% of your home's value minus your mortgage balance.
• Cash at closing: you can take 85% of the line in cash, with interest-only payments during a 3-year draw period.
• Where: homes in the U.S. except Texas.
• Which homes: a primary or secondary home.
• Credit: Chase lists a credit score of 680 or higher, along with stable income, enough equity and a low debt-to-income ratio.
• Rate: variable, based on the prime rate plus a margin. Chase's sample APR disclosure says the variable APR will not exceed 18%. Chase shows rates by ZIP code through its online tools, so your quote depends on your home and profile.

Chase doesn't publish a single rate or minimum line size on that page, so we don't list one here. Ask for the full disclosure, including repayment length, fees and any fixed-rate options, before you commit.

Example: sizing a Chase-style line

Illustrative numbers only, using the 80% limit Chase describes and an assumed rate of 8%.

• Home value $500,000 × 80% = $400,000.
• Minus a $300,000 mortgage = a maximum line of $100,000.
• Taking 85% in cash at closing = $85,000.
• Interest-only payment on $85,000 at 8%: $85,000 × 8% ÷ 12 ≈ $567 a month.

The payment changes if the rate moves or you draw more. After the draw period, principal is added and the payment rises. A lender that allows a higher CLTV (many cap around 80%–85%) could offer a bigger line on the same home, while one with a lower cap would offer less. Run your own numbers with the how much can I borrow calculator.

If you have an older Chase HELOC

Lines opened before the 2020 pause kept running. As of October 2026, Chase's home equity FAQ tells existing customers:

• The draw period on an existing account can't be extended.
• When repayment begins, payments adjust automatically and can include principal and interest.
• You may be able to refinance the balance into a new home equity account or mortgage if you meet current credit criteria.
• Contact Chase before the draw period ends to review your options.

Our guide to the end of the draw period explains how the payment jump works. If you'd rather move the balance elsewhere, see how to refinance a HELOC. Another lender can pay off a Chase line with a new HELOC or a home equity loan if you qualify.

How to compare Chase with other lenders

A big-bank name is one factor. The terms matter more. Line up quotes on:

• The margin over prime (prime is 7.00% as of October 28, 2026).
• Maximum CLTV and the resulting line size.
• Draw length, repayment length and whether draw payments are interest-only.
• Closing costs, annual fees and early-closure fees.
• Fixed-rate lock options, rate caps and floors.
• Property and state limits. Chase, for example, doesn't offer its HELOC on Texas homes.

Start with our HELOC lenders compared and the lender profiles, and use how to choose a HELOC lender as a checklist. To see your own numbers, get your HELOC rate from Shawn.

Questions people ask

Is Chase offering HELOCs again?

Yes. Chase formally relaunched HELOCs in August 2025 after pausing new applications in April 2020, and it was still offering them as of October 2026.

How much can I borrow with a Chase HELOC?

As of October 2026, Chase says up to 80% of your home's value minus your mortgage balance. On a $500,000 home with a $300,000 mortgage, that's up to $100,000.

Does Chase offer HELOCs in Texas?

No, Chase doesn't offer HELOCs on Texas homes. As of October 2026, Chase's HELOC is available for homes everywhere else in the U.S.

What credit score do I need for a Chase HELOC?

Chase lists a credit score of 680 or higher as of October 2026, along with income, equity and debt-to-income requirements.

Can I get a Chase HELOC on a second home?

Yes, Chase's FAQ says owners of a primary or secondary home may qualify for a Chase HELOC. Approval depends on the property and your full application.

Your home secures a HELOC, and variable rates can change. This page is general information, not an offer to lend, and HELOCHQ is not affiliated with Chase. Lender details are as of October 2026 and can change; confirm current terms with the lender.

Sources: Chase, home equity; Chase, home equity FAQs; American Banker, August 2025; Banking Dive, August 2025.

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• HELOC vs. home equity loan
• HELOC vs. reverse mortgage
• HELOC vs. 401(k) loan
• HELOC vs. credit card
• Paying off your mortgage with a HELOC
• HELOC or home equity loan for debt consolidation?
• Paid-off home: HELOC or cash-out refinance?

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