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Home Equity Installment Loan

A U.S. Bank Home Equity Installment Loan is a great way to consolidate debt or pay for major expenses. You’ll benefit from the security of fixed-rate payments on principal and interest for the life of the loan, a steady repayment schedule, and potential tax advantages.2

Our Home Equity Loan offers

  • Competitive interest rates with no closing costs
  • Low monthly payments and a fixed-rate option on balances
  • Potential tax advantages

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Interest Rates

Access to Funds

  • Funds are disbursed in one lump sum and can be accessed from your account through usbank.com.
  • The funds will be available on the 4th business day after your loan documents are signed.

Terms

  • Flexible terms up to 360 months (30 years).1

Payment Options

  • Fixed monthly payments for the life of the loan.

Fees and Costs

  • No application fees to open your account.
  • No closing costs.

Other Ways to Borrow

Four Ways to Get Started

By Phone

866-654-6259

Online
By Request
In Person

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Four Ways to Get Started

By Phone

866-654-6259

Online
By Request
In Person
  1. Second Lien Home Equity Loan - 7.23% fixed Annual Percentage Rate is available for 30-year second position home equity installment loan with loan-to-value of 70% or less than 80% or less depending on market. Higher rates apply for higher LTV or other loan amount. Automatic payments from a U.S. Bank Package required. Loan payment example: on a $40,000 loan for 360 months at 7.23% interest rate, monthly payments would be $272.33. Payment example does not include amounts for taxes and insurance premiums. The monthly payment obligation will be greater if taxes and insurance are included and an initial customer deposit may be required if an escrow account for these items is established. APR is 7.23%. Customer pays no closing costs, except escrow related funding costs. Offer is subject to normal credit qualifications. Rates are subject to change. Property insurance is required. Consult your tax advisor regarding the deductibility of interest. Home Equity loans and lines of credit are offered through U.S. Bank National Association. ©2012 U.S. Bancorp, U.S. Bank. Member FDIC.

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  2. Consult your tax advisor regarding the deductibility of interest. Home Equity loans and lines of credit are offered through U.S. Bank National Association. ©2012 U.S. Bancorp. Member FDIC.

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