Yes, Chase offers a HELOC again. It stopped taking new home equity lines in 2020, and its HELOC page now has an online application. You’ll need a credit score of 680 or higher, you can borrow up to 80% of your home’s value minus what you owe, and the rate is variable with an APR cap of 18%. It isn’t available in Texas.
That’s a solid option if you already bank with Chase. But it’s not the only one, and it’s not the fastest. Here’s what to check before you apply, and the lenders worth a quote at the same time.
Short version: check your equity, your score and the fees, then get a second quote.
| Chase HELOC at a glance | What Chase lists |
|---|---|
| Credit score | 680 or higher |
| How much | Up to 80% of your home’s value, minus your mortgage balance |
| Rate | Variable: Prime Rate plus a margin, APR capped at 18% |
| Sample rate | 8.37% APR (Chase’s example, Oct. 23) |
| Cash during the draw | Up to 85% of the line during a 3-year draw period |
| Where | Every state except Texas |
What to check before you apply for a Chase HELOC
1. Your equity. Take 80% of what your home is worth and subtract your mortgage balance. On a $400,000 home with $250,000 left on the mortgage, that’s $320,000 minus $250,000, so a line of about $70,000 at most. If the number is small, the paperwork may not be worth it.
2. Your credit score. Chase wants 680 or higher. Under that, skip ahead to the lenders below, since two of them start at 600.
3. The variable rate. Your payment moves with the Prime Rate. Run the numbers at a rate one or two points higher than today’s and make sure the payment still fits your budget.
4. Fees and closing costs. Chase’s HELOC page doesn’t list them. Ask for the full fee list in writing before you sign, then compare it with the origination fees below.
5. What the money is for. A HELOC works best for a big, one-time cost like a renovation or paying off high-APR cards. It’s a bad fit for everyday spending, because your home secures the line.
Run through all five before you fill out a single form.
Chase HELOC vs. the lenders worth comparing
Get at least two quotes before you pick. Checking your rate with these lenders doesn’t cost anything, and the gap in fees alone can be thousands of dollars.
| Lender | Credit line | APR | Min. credit | Check your rate |
|---|---|---|---|---|
 Figure | $15K to $750K | 7.15% to 14.85% | 600 in most states | Fastest funding |
 Upstart Home Lending | $26,000 to $250,000 | 6.52% to 18.00%1 | Starting at 600 | Credit under 680 |
 Chase | Not listed | Variable, capped at 18% | 680 | Existing Chase customers |
Figure: the fastest HELOC to compare with Chase
Funds in as few as 5 daysFigure is the one to quote alongside Chase if speed matters. The application is online, funding can happen in as few as 5 days, and there’s no appraisal for lines under $400,000.
Lines run from $15,000 to $750,000 with APRs from 7.15% to 14.85%, and you get the full line up front. Most states accept a 600 credit score.
- No appraisal under $400,000
- 600 credit in most states
- Lines up to $750,000
The catch: the origination fee can run up to 4.99%, so compare the fee and the APR together, not the APR alone.
Upstart Home Lending: if your credit is under Chase’s 680
Credit scores starting at 600Upstart Home Lending HELOCs are available for credit scores starting at 600, which makes it the one to try if Chase’s 680 cutoff rules you out. The application is 100% online, with no office visits.
APRs run from 6.52% to 18.00%1, lines from $26,000 to $250,000, and terms are 10 and 15 years. You get a fixed rate2 on each draw, and you could have cash sent in as fast as 7 days3.
- Credit scores starting at 600
- 100% online application
- Fixed rate2 on each draw
The catch: the origination fee is between 0% and 4.99% of the approved credit limit1, and the lowest APR needs credit union membership, a 780 FICO, CLTV under 70% and DTI under 45%1.
Point: the HELOC alternative with no monthly payments
No monthly paymentsPoint isn’t a HELOC. It’s a home equity investment, so there are no monthly payments: you access your equity to use your way and settle up later, often when you sell or refinance.
It offers up to $500k from existing equity, with no income requirements and no need for perfect credit. That makes it worth a look if Chase’s 680 cutoff or a monthly payment is what’s stopping you.
- No monthly payments
- No income requirements
- No need for perfect credit
The catch: Point is only available in certain states, and you share part of your home’s future value instead of paying interest, so read the full offer before you sign.
Who the Chase HELOC fits, and who should skip it
The Chase HELOC makes the most sense if you already bank with Chase, your score is 680 or better, and you’d rather work with a big bank than an online lender.
Get a quote from Figure at the same time anyway. Speed and the full line up front are where it usually wins.
Skip Chase if your home is in Texas, your score is under 680, or you need the money in days. Under 680, start with Upstart Home Lending or Figure. Want to compare more lenders? Our list of the best HELOC lenders covers six of them side by side.
Bottom line: Chase is back and worth a quote, but don’t take its offer without comparing at least one online lender. A few minutes of rate checks could save you thousands in fees.
Chase HELOC FAQ
Does Chase offer HELOCs again?
Yes. Chase paused new HELOCs in 2020 and now has an online application on its HELOC page. It’s available in every state except Texas.
What credit score do you need for a Chase HELOC?
Chase lists 680 or higher. If you’re below that, Upstart Home Lending and Figure accept credit scores starting at 600.
How much can you borrow with a Chase HELOC?
Up to 80% of your home’s value minus your mortgage balance. Chase’s HELOC page doesn’t list a minimum or maximum line amount, so ask when you apply.
Is the Chase HELOC rate fixed or variable?
Variable. It’s based on the Prime Rate plus a margin, and Chase says the APR won’t go above 18%.
Is a Chase home equity loan the same as a HELOC?
No. A HELOC is a line of credit you draw from as you need it, usually at a variable rate. A home equity loan is a single lump sum with a fixed payment. Chase’s home equity page features the HELOC.
Upstart Mortgage, LLC dba Upstart Home Lending. NMLS #2443873. Equal Housing Opportunity.
1Terms shown here are subject to change without notice. APRs for initial advances range from 6.52% to 18.00% based on rates offered as of June 2026. The lowest rate is only available to consumers willing to become a member of a credit union and to those who meet a minimum FICO score of 780, CLTV under 70%, and DTI under 45%. Your actual rate will depend on many factors such as your credit history, combined loan-to-value ratio (CLTV), line amount, loan term, lien position, and property state. Origination fee to open an account is between 0% and 4.99% of the approved credit limit. The Annual Percentage Rate (“APR”) is variable and based on the Prime Rate as published in the Wall Street Journal “Money Rates” table plus or minus a margin. Your APR will never be less than 3.99% or greater than 18.00%. Property insurance is required.
2A Home Equity Line of Credit has a variable rate. The APR may change, but the APR that will apply to each draw will be fixed on the date the draw is made. Your APR will be the Prime Rate at the time of draw plus a margin fixed for the life of the HELOC.
3In Q2 2026, 15% of funded HELOCs achieved a closing timeline of 2 days or less and a funding timeline of 7 days or less. This timeline assumes consumers close with our remote online notary, provide supporting documentation promptly, and ensure the information provided is accurate and consistent with our verification process. Delays, discrepancies, and other unforeseen factors may impact the closing timeline.
