FDIC-Insured – Backed by the full faith and credit of the U.S. Government
Looking for a smooth ride through loan-land? A local lender is your best bet. Our lending specialists, they’re real people, just like you. They’ll get to know you, help you pick out the best loan for your needs. And guess what? The whole process is done right here, in your hometown.
Apply for a mortgage
When you choose a home loan from Chesapeake Bank, you’re not just getting a mortgage. You’re getting our People, teams of local lenders, who are as much a part of this area as the Chesapeake Bay itself. They’re on your side, from your very first application to that satisfying final payment. And when it comes to approvals, we keep it human – no cold, unfeeling computers making decisions here. We tailor our loans to fit you, not the other way around.
How to get started?
- Head over to our mortgage center page and fill out your application.
- Our people will give you a call within 24 hours or by the next business day at the latest
- They’ll go over your application with you and talk through all your options.
If you hit a snag, don’t fret. Just give us a ring at 800-434-1181. We’re here from 9:00AM to 5:00PM, Monday through Friday, ready to help.
Home Loans
First-time Homebuyer Loans
Thinking about buying your first home but not sure where to start? We’ve got you covered. Check out our HomeOne℠ and Home Possible® mortgage options. These are fixed-rate loans that are easier to qualify for and only require a small down payment. Plus, Chesapeake Bank takes care of all the paperwork to make things simple for you. You might even qualify for grant money to help with closing costs and your down payment. It’s a great way to get started on your path to homeownership!
Fixed-Rate Mortgage
Want a steady home loan rate you can count on? With a fixed-rate mortgage from Chesapeake Bank, your rate stays the same, no surprises. It’s a great option if you’re worried about rising interest rates. You can choose from different loan terms, and the best part? We keep everything local.
Adjustable-Rate Mortgage
An adjustable-rate mortgage (ARM) is a type of home loan where the interest rate can change over time. At first, the rate stays the same for a few years. After that, it can go up or down based on the market. But don’t worry, we’ve got safety nets in place. There are these things called rate caps that limit how much the rate can change each time and over the life of the loan. These caps help keep your payments from getting too high. Trust me, it’s a lot less complicated than crabbing.
Jumbo Loans
Sometimes you just need a bit more, right? Especially if you’re buying a large home or living in an expensive area. That’s where a jumbo loan might just be your best friend. Need a loan more than $806,500? Well, our Jumbo Loans are ready to go above and beyond to make that dream home a reality.
Home Construction Loans
Thinking about building your own home? We’ve got two construction loan options that might just make those dreams come true. We got the Contractor Build loan and the Owner General Build loan. Our construction loans are tailored to give you the flexibility you need and the peace of mind you want. They’ll last you about a year, and during that time, you only pay interest on the money you use.
Home Equity Loan
Got a house? Got some equity in it? Well, a Home Equity Loan lets you borrow against that, giving you a nice lump sum in your pocket. You pay it back in regular, fixed installments – no surprises.
Home Equity Lines of Credit
A Home Equity Line of Credit, or HELOC as we call it, is your ticket to borrowing based on your needs, with a flexible interest rate that moves with the tide. Your home secures the deal, and you can use the funds for whatever, from home improvements to other personal needs. It’s borrowing, but on your terms. Just imagine it like a credit card, only better.
Affordable Home Loan Programs
USDA Loans
USDA loans are great for people buying homes in rural areas. They’re made to help folks who don’t have a lot of money saved up. The best part? No down payment needed. USDA works with local lenders like us to make home buying easier. Sometimes, there’s even grant money to help with closing costs.
VA Loans
Are you a veteran or active-duty service member? You may qualify for a VA loan to buy or refinance a home—with no down payment. All you need is your Certificate of Eligibility from the VA. These loans have low closing costs and flexible credit rules. There may even be grant money to help with costs.
FHA Advantage Loans
FHA loans are backed by the government and help make buying a home easier. Low down payments, easy credit qualifying, and even some grant funds to help out with the closing costs and down payment. They’ve been helping people buy homes since 1934. If you want something simple and reliable, an FHA loan could be a great choice.
Pathway Mortgage
Looking to buy your dream home but worried about the cost? That’s where our Pathway Mortgage steps in – a real estate loan designed with you in mind. Think lower income, less money down, and lower closing costs. Just right for helping you snatch up your primary residence.
And the best part? The interest rate is fixed for a period of time. No need to worry about private mortgage insurance. And there might even be grant funds up for grabs to cover closing costs and down payment.
Land Loans
Land Loans
Want to buy land for a home or investment? We can help with that. Our adjustable-rate mortgages are made to fit your plans. At Chesapeake Bank, we make land buying simple and easy.
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