Best Of Product
US Bank Home Equity Loans
Would you recommend US Bank Home Equity Loans to your friends?
| Community Rating | Mostly recommended |
| APR (Fixed APR) |
3.8% - 18% (Verified 08/04/2023) |
| Loan Term (Years) | 10 - 15 years |
| Loan Amount | $50,000 - $100,000 |
| Maximum LTV | 90% |
| Number of Reviews | 5 |
US Bank Home Equity Loans Review
US Bank Home Equity Loans is offered by U.S. Bank (NMLS #402761), a bank founded in 1863 and based in Minneapolis, MN. US Bank Home Equity Loans are available in 50 states (and Washington, DC).
US Bank Home Equity Loans FAQ
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 $100,000. 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 3.8% up to 18%.
Generally, 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.
Is U.S. Bank a legit company?
U.S. Bank was founded in 1863, it is a well-established company with approximately 74,000 employees that has been in business for 160 years. Based on their "mostly recommended" SuperMoney community rating, they seem to be a reputable company.
Contact
- Headquarters
-
800 Nicollet Mall
Minneapolis, MN 55402 USA - (800) 872-2657
- Visit Site
- Email Support
Other Services by U.S. Bank
Availability
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- 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
- Washington, DC
- West Virginia
- Wisconsin
- Wyoming
Feature Breakdown
| Origination Fee (%) | Starting at 0% |
US Bank Home Equity Loans Community Reviews
Would you recommend US Bank Home Equity Loans to your friends?
Other Home Equity Loans
- Capital Bank Home Equity
- Educators Credit Union Home Equity Loan
- First Bank & Trust Co. Home Equity Loan
- First Bank and Trust Home Equity Loan
- L&N Federal Home Equity Loans
- Members 1st CU of Florida Home Equity Fixed
- Members 1st Community CU Home Equity Loans
- Members First Credit Union Home Equity Installment Loans
- Members First Credit Union Texas Home Equity Loans
- Regions Bank Home Equity Loans
- Spring EQ Home Equity Loans
- Verity CU Home Equity Loans
