U.S. Bank Mortgage Review

Rating: 5.8 / 10 (Average)
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U.S. Bank is one of the nation’s largest banks and is a leading provider of consumer banking services. This includes traditional, online and mobile banking, loans, investment and wealth products and mortgage and refinance services. Its mortgage services offers a wide variety of mortgage solutions that cater to individual homebuyer needs and requirements.

Housing Types

  • Single Home
  • Townhome
  • Condo
  • Multifamily dwelling
  • Manufactured
  • Investment properties


Types of Mortgages

  • Fixed Rate Mortgages
  • Adjustable Rate Mortgages
  • Jumbo Mortgages
  • FHA Mortgages
  • VA Mortgages
  • Construction Loans
  • Investment Property Loans



To get the best rates, a 20 percent down payment is recommended. However, the bank can still extend mortgages to those with less than ideal down payments albeit a better than credit score is required. It also offers specialized mortgage services to military personnel, FHA and VA mortgages.


This establishes your income to debt ratio.

  • Legal citizen of the United States
  • Must be 18 years or older
  • Annual household income before taxes
  • Monthly household debt


Credit Score


Down payment (ideal)


Minimum employment

24 months


Mortgage Rates



30 Year FRM

15 Year FRM

10 Year ARM

5 Year ARM

Interest rates










Monthly payments






Rates are based for a $300,000 single-family home purchase and the homebuyer has a 740+ credit score and a 20% down payment. Monthly payments for Adjustable Rate Mortgages are subject to change after a specified number of years.

Please visit this link, for US Bank’s complete list of mortgage calculators or check the latest mortgage rates.


Financial Rating




Standard and Poor’s





Mortgage Rates at U.S. Bank

U.S. Bank’s mortgage rates faired reasonable well against its competitors. To enjoy this however, homebuyers should at least have a better than average credit score. Getting approved for a mortgage with less than 20% down payment is possible but this will certainly affect interest rates so be sure to check how this could affect your interest rates. Overall, a solid buy for homebuyers with good credit ratings searching for low interest rates.

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