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The Consumer Finance Division of U.S. Bank Home Mortgage is a non-agency portfolio lender with many products that could help to fill your clients needs.
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Program Highlights
- Jumbo loan amounts up to $2,000,000*
- 45 day rate lock at time of submission
- No mortgage insurance on any loan
- Financing for SFR, 3-4 family, condos, vacation, rural and manufactured homes and investment property
- Dedicated U.S. Bank Account Executives
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If your borrowers are
ready to purchase,
we offer more products
and terms with no
mortgage insurance.
Check out our First TIme Home Buyers Program.
Learn More
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Looking for a line of credit
with a Fixed Rate Lock-in option for your borrowers?
We also offer first and
second position, cash out, purchase or refinance and
and No Lender Fee options.
Product Details
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U.S. Bank offers financing
for vacation homes, rural
property, 3-4 unit owner-occupied, condominiums,
manufactured homes and investment properties.
Learn More
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Non-agency Mortgage Products
We offer first position mortgages with 15, 20 and 30 year fixed rate terms. First position mortgages are also available in 1, 3, 5, 7 and 10 year adjustable rate terms and interest-only 3 and 5 year adjustable rate terms.*
Contact a U.S. Bank Account Executive for more details on our products.
| Product Description |
Product Highlights
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| Cash Out |
- Cash out allowed with no add to rate
- 80% LTV up to $200,000 cash in hand in addition to mortgage & non-mortgage debt consolidation*
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First Time
Home-Buyer |
- Borrow up to 85% of purchase price up to $1,000,000*
- Remaining 15% can be gift funds from family, customer reserves or borrowed against other assets
- Seller concessions up to 3% allowed
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| Investment |
- First position up to 75% CLTV*
- Purchase and rate & term refinance only
- 3-4 units allowed up to 70% LTV*
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| Jumbo |
- No rate adjustments on loan amounts to $1,000,000
- 90% LTV/CLTV refinances up to $800,000*
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| Purchase |
- 90% LTV first position up to $500,000*
- Primary home loan amounts to $2,000,000
- Vacation home loan amounts to $600,000
- Investment property loan amounts to $900,000
- 85% purchases up to $800,000*
- Gift money allowed for down payment
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| Second Position Mortgages |
- Terms available in 15 and 20 year terms
- Loan amounts up to $350,000
- Fixed rate loans and HELOCs to 85% LTV*
- Purchase, refinance or cash-out
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Specialty
Programs |
- Vacation homes to 80% LTV/CLTV in first or second position*
- Condominiums up to eight stories
- 3-4 family owner occupied to 80% LTV*
- Rural properties with no rate adjustments; acreage allowed with final value given to home and 10 acres
- Manufactured home loans to $200,000 & 80% LTV - cash out allowed - purchase or refinance with unlimited acreage*
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| Super Jumbo |
- Purchase or rate & term refinance
- $2,000,000 loan amounts to 60% LTV, 70% CLTV*
- $1,500,000 loan amounts to 70% LTV, 80% CLTV*
- Only .20% add to rate for loan amounts above $1,000,000
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* see rate sheet for state specific restrictions. Combo aggregate:
SFR $1,000,000, condominium $700,000 and vacation/second home $600,000.
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Home Equity Line of credit
Our second lien position Home Equity Lines of Credit are available as stand-alone, combo with U.S. Bank or another lender's first position mortgage. A No Lender Fee option is available on stand-alone HELOC refinances.*
- Refinances available for first and second position lines of credit with 650 mid score.
- $350,000 first position up to 75% LTV and second position up to 85% LTV*
- Cash out and debt consolidation up to $350,000
- Purchase money second position lines of credit available with 700 mid score for both applicants.
*see rate sheet for state specific restrictions.
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Line of credit with fixed rate option
A fixed rate option is available on our first and second position home equity lines of credit. Pay as much equity as desired at any time on this amortized loan.
- Combined loan to value up to 85%, 15 year draw period / ten year repay on balance
- Lock the amount of draw into a loan 24/7 with one call: 800-USBANKS
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