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Home Equity

You put a lot into your home. It’s time you got a lot out of it.

Whether you’re in the market for an equity line or loan, Chartway helps you put your home’s equity to work. With low rates and flexible terms, we help you choose the right home equity option to finance your dreams—whatever they may be.

Home Equity Line

A HELOC from Chartway works just like a credit card. With low introductory rates, this revolving line of credit lets you borrow only what you need, when you need it. Then, you only pay interest on the amount advanced from your line. We also offer fixed rates for added flexibility and predictability.

Home Equity Loan

A Chartway home equity loan, also called a second mortgage, is a one time lump-sum borrowed against your home’s equity, and used however you see fit. This installment loan comes with a low fixed rate and consistent monthly payment, to help you plan your budget accordingly.

Home Equity Loan APR as low as 5.00%
Home Equity Application ChecklistsInformation you'll need to apply
Loan ProtectionFind the best insurance options for your loan

interest only home equity loan

Interest-Only Home Equity Line

Our Interest-Only Home Equity Line of Credit (HELOC) provides you with the financing you need to achieve your goals and gain more control over your budget.

We offer low monthly payments, and the option of paying only the interest and as much principal as you want over a 15 year period.*

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How can a Home Equity Line benefit you?

Sometimes you need a little extra money to make the dream work. The earned equity on your home is there for you to use. So make the most of it, with a Chartway HELOC. Whether you’re facing college expenses, making value-enhancing home improvements or simply financing that dream vacation, we’ll help your equity turn your dreams into reality. And even better, depending on how you use your Home Equity Loan, the interest may even be tax deductible.**

Benefits include:

  • Quick, easy access to funds
  • Online money transfers
  • No annual fees

*APR = Annual Percentage Rate. This promotion is not available for properties in Texas. Rate is currently as low as 5.50% APR with loan-to-value less than or equal to 80%. Not all borrowers will qualify for the lowest rate. Rates effective 08/01/2018 and may change or end at any time. Promotional rate for new loans only. Promotional rate begins at closing and is available for six months. Terminates at the end of six months and applies to all loan balances, regardless of when the balances were added to the loan. Interest only payments for fifteen years. Minimum equity line or loan of $10,000. Equity lines are variable based on prime and are subject to change after opening. Fees, generally ranging from $300 to $850, may be incurred. Property insurance required. Maximum APR of 18%. For second mortgage requests on property/collateral outside of VA, NC, UT, and TX, the borrower will need to have membership that was established a minimum of 12 months prior to the loan request. Equal housing lender.

**Consult your tax advisor regarding the deductibility of interest. Some restrictions may apply. For complete details and full disclosures, contact us today.

Home Equity Introductory RatesAPR as low as3.74%
Variable with Fixed Rate Option APR as low as5.50%

Today’s Rates

Table data for Home Equity Rates
 Effective 07-16-2019
Term Max LTV1 APR (As Low As )2 Alert Me
Equity Loan Up to 240 mos 95% 5.00% Receive a notification when this rate changes
Variable with Fixed Rate Option3 -- 95% 5.50% Receive a notification when this rate changes
Fixed Rate Option Up to 180 mos -- 5.00% Receive a notification when this rate changes
Click here for Required Disclosures
Requests for maximum LTV will be considered on a case-by-case basis. Up to 95% LTV financing is available on single family detached residences, and is based on credit qualifications. All rates and terms quoted above apply to properties that are occupied by the borrower.

1Loan-to-value

2Annual Percentage Rate

3Annual Percentage Rate may vary. Rates subject to change after opening. Fees, generally ranging from $300 to $850, may be incurred. Maximum APR is 18%.