Special Mortgage Products to fit Your Situation and Budget

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Land Loans

Buy now, build later. Whether you purchase land to build a home or for investment, we offer adjustable rate mortgages.

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Home Construction Loans

You have a local builder. Get a local mortgage. You’ll pay interest only on costs as you incur them. And the paperwork is easy too!

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Jumbo Loans

Interested in financing more than $484,350? Contact your nearest Chesapeake Bank mortgage loan officer for details.

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Affordable Home Loans

With products like FHLMC, FHA, USDA, and VA Loans we are sure to have a product that meets your needs. Our grants funds also make home buying more possible than ever before.

Home Loans for Every Occasion

We take the home loan process personally. That’s why you’ll find a knowledgeable home loan expert ready and available to answer your questions and ease your concerns.
Our number one goal is to make sure you get the mortgage that’s best for you and makes you feel great about the loan you’re getting.  

Moving In

Buying Your First Home?

The HomeOne℠ Mortgage is a conventional fixed-rate product by Freddie Mac designed with more flexible qualifications for financing. A low down payment allows more first-time homebuyers the ability to achieve the milestone of home ownership. There are also multi-year terms available and all servicing stays within Chesapeake Bank. Grant funds may be available to assist with closing costs and down payment.

FHA Advantage Loans have been helping people become homeowners since 1934. The Federal Housing Administration (FHA) — which is part of HUD — insures the loan, so your lender can offer you a better deal. With low down payments and easy credit qualifying, an FHA loan may be right for you.


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VA Loans

Are you a veteran or on active duty military? Then, thank you for your service! With no down payment required, eligible veterans, active-duty personnel, national guard and surviving spouses can purchase or refinance a home. In addition, private mortgage insurance is not required. With a Certificate of Eligibility from the Department of Veterans Affairs, you can purchase or refinance a home with limited closing costs and flexible credit criteria.


  • Zero down payment
  • Interest Rate Reduction Loans for 'streamlined' or limited credit qualifying rate reductions
  • Cashout Refinances up to 90% of the appraised value of the home
  • Energy Efficient Improvement Mortgages to finance energy improvements for refinance or purchase transactions

Don't forget to ask our representative about Veterans purchase grants that are available to cover closing costs for qualified applicants.


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USDA Advantage Loans

In a rural area and need 100% financing? USDA loans are used to help low-income borrowers purchase homes in rural areas. No down payment is required.

Rural Development may be able to help you. USDA (Rural Development) has partnered with local lenders to help us extend 100% financing opportunities to individuals and families.


  • No down payment required - 100% financing available
  • Low monthly mortgage insurance - you may qualify for a larger loan
  • Flexible credit and qualifying guidelines
  • No maximum purchase price limit
  • Gift funds are accepted from immediate family members
  • Competitive, fixed rates


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Quote your Personal Insurance

As a benefit of being a client of Chesapeake Bank, you can receive insurance quotes from Bankers Insurance, a specialist in home, auto, and all personal insurance coverages. Quotes are always free and no-obligation. All services administered by Bankers Insurance LLC.

Looking for More Home Lending Options?

Get a Home Equity Loan or Line of Credit

Our competitive rates make it easy to write checks against the equity in your home with a home equity line of credit from Chesapeake Bank.

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Contact Us

Let's get you started on your path to a home loan.

Determining rates is a complex process. Because we do not have all of your financial information, the rate and payment results displayed may not reflect your actual situation.

Chesapeake Bank offers a wide variety of loan options, and you may still be eligible for a loan even if your situation does not match our assumptions. Rates vary according to market conditions and financial profiles.

These example rates are based on the most current APR and: Loan Amount $200,000; Credit Score over 740; Primary Home; Single Family Dwelling; with a 20% down payment or 20% equity in the property. The proposed monthly payment and rate does not include estimated tax payments or monthly premium payments for flood insurance or homeowners insurance. These amounts will be determined at a later date.

A $200k loan amount with a 3.250% interest rate has a corresponding Annual Percentage Rate (APR) of 3.307% with a 360-month term and monthly payment amount of $870.41.

A $200k loan amount with a 3.125% interest rate has a corresponding Annual Percentage Rate (APR) of 3.205% with a 240-month term and monthly payment amount of $1,121.75.

A $200k loan amount with a 2.875% interest rate has a corresponding Annual Percentage Rate (APR) of 2.976% with a 180-month term and monthly payment amount of $1,369.17.

Representative example based upon rates that were effective as of 03/01/2020. Rates and programs may change at any time.

The initial payment on a [20]-year [$200,000] 5-year Adjustable-Rate Loan with an interest rate of [4.99%] at an [80%] loan-to-value (LTV) is [$1,318.81] with 0 points due at closing. The Annual Percentage Rate (APR) is [5.035%]. After the initial 5 years, your interest rate can change [every 5 years] and is subject to an initial interest rate cap of 3.00%], and annual rate cap of [3.00%] and a lifetime cap of [6.00%]. Payment amount shown does not include taxes and insurance premiums. The actual payment amount will be greater. At the first adjustment, the interest rate cannot increase above [7.990%] or decrease below [4.990%] (the margin). If the interest rate reached the lifetime maximum cap of [10.990%], your payment would be [$2,063.02]. Actual payment amounts will vary annually after the fifth year based on changes in the PRIME index.

The interest rate is effective as of 03/01/2020. All applicants subject to credit approval. Adjustable-rate mortgage (ARM) rates and payments assume no increase in the financial index after the initial fixed period of the loan. ARM rates and monthly payments are subject to increase after the initial fixed period. Rates and pricing may vary and are subject to change at any time without notice. Loans, lines of credit and credit cards are subject to credit approval.