| Loan Amount | $15,000 - $1,000,000 |
| APR (Fixed APR) | 4.89% - 18% |
| Loan Term (Years) | 5 - 30 years |
US Bank Home Equity Loans Review
US Bank Home Equity Loans is offered by US Bank (NMLS #402761), a bank founded in 1863 and based in Minneapolis, MN. US Bank Home Equity Loans is available in 50 states (and Washington, DC).
How much can you borrow with a US Bank Home Equity Loans home equity loan?
A home equity loan allows homeowners to borrow money using their home as collateral (similar to a mortgage). Loan amounts vary depending on the value of the home minus the balance of any mortgages or liens on the property.
US Bank Home Equity Loans allows borrowers to apply for home equity loans of up to $1,000,000. The actual maximum loan amount will vary depending on the value of the property, how much you owe on it, and your creditworthiness.
What are the home equity loan requirements of US Bank Home Equity Loans
This lender's maximum loan to value rate is 90%. That means the total debt secured by the property cannot exceed 90% of its value. Let's say you own a property with a current market value of $100k, but you still owe $20k on your mortgage. Your equity would be $80k. In this scenario, if you have good credit, you may qualify for a line of credit of up to $70k.
What home equity loan rates does US Bank Home Equity Loans offer?
US Bank Home Equity Loans offers home equity loans with a fixed APR that ranges from 4.89% up to 18%.
Remember the APRs of home equity loans do not include points and financing charges, just the interest rate.
What is the estimated funding time for a home loan via US Bank Home Equity Loans?
US Bank Home Equity Loans will typically fund home equity loans within 3 and 7 days of approval.
What fees does US Bank Home Equity Loans charge for a home equity loan?
US Bank Home Equity Loans may charge a loan origination fee
What types of property can you use as security for a home equity loan with US Bank Home Equity Loans?
Lenders often have restrictions on the type of properties they will accept as security for a home equity loan. US Bank Home Equity Loans will consider loans secured by the following property types:
- Primary home.
- Secondary homes and vacation properties.
- Investment properties and house flipping projects.
Availability
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Washington, DC
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
Feature Breakdown
| Origination Fee (%) | Starting at 0% |
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