Chase allows borrowing up to 80% combined loan-to-value (CLTV) for home equity products.

Calculation: (Home Value × 80%) - Current Mortgage Balance = Available Equity.

Example: $400,000 home value, $250,000 mortgage: ($400,000 × 0.80) - $250,000 = $70,000 available equity.

Product limits: Home Equity Loan (fixed rate): $25,000 - $500,000, HELOC (variable rate): $25,000 - $500,000 (some markets up to $1M).

Credit requirements: 660+ credit score minimum (720+ for best rates), 43% max debt-to-income ratio, minimum 20% equity in home.

Important: 80% CLTV is standard, but Chase may require lower ratios (70-75%) for investment properties, recent purchases (<12 months), or borrowers with lower credit scores.

Chase 2025 rates and costs: Home Equity Loan (fixed): 8.25% - 11.75% APR (rate depends on credit score, loan amount, CLTV).

HELOC (variable): Prime + 0.00% to Prime + 3.50% (currently 8.50% - 12.00% with prime at 8.50%).

Closing costs: $0 closing cost option available (slightly higher rate), or pay closing costs (~$500-$2,000) for lower rate.

Annual fees: HELOC $0 annual fee (waived), early closure fee $300-$500 if closed within 3 years.

Rate discounts: 0.25% - 0.50% discount for Chase Private Client members, automatic payment from Chase checking (0.25% discount).

Example: $50,000 HELOC at Prime + 1.00% = 9.50% current rate, $50,000 Home Equity Loan fixed at 9.75% for 15 years = $524/month payment.