Unsure? Answer a few basic questions about your goals and financial situation, and we’ll help you find the home equity options that may work well for your specific needs.
Home equity loans and lines of credit can be great ways to fund major purchases. Find out what terms you may qualify for.
Loan approval is subject to credit approval and program guidelines. Not all loan programs are available in all states for all loan amounts. Interest rate and program terms are subject to change without notice. Mortgage, Home Equity and Credit products are offered through U.S. Bank National Association. Deposit products are offered through U.S. Bank National Association. Member FDIC. 
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U.S. Bank and its representatives do not provide tax or legal advice. Your tax and financial situation is unique. You should consult your tax and/or legal advisor for advice and information concerning your particular situation.
The Consumer Pricing Information brochure lists fees, terms, and conditions that apply to U.S. Bank personal checking accounts and can be obtained by visiting a branch or calling 800.872.2657.
Home Equity Line of Credit: The Annual Percentage Rate (APR) will vary with Prime Rate (the index) as published in the Wall Street Journal. As of May 18, 2019, the variable rate for Home Equity Lines of Credit ranged from 4.60% APR to 8.10% APR. Rates may vary due to a change in the Prime Rate, a credit limit below $100,000, a loan- to-value (LTV) above 70%, and/or a credit score less than 730. A U.S. Bank personal checking account is required to receive the lowest rate, but is not required for loan approval. The rate will not vary above 18% APR, or applicable state law, or below 3.25% APR. Choosing an interest-only repayment may cause your monthly payment to increase, possibly substantially, once your credit line transitions into the repayment period. Repayment options may vary based on credit qualifications. Interest-only repayment may be unavailable. Loans are subject to credit approval and program guidelines. Not all loan programs are available in all states for all loan amounts. Interest rates and program terms are subject to change without notice. Credit Line may be reduced or additional extensions of credit limited if certain circumstances occur. Property insurance is required. Other restrictions may apply. Customer pays no closing costs. Initial escrow related funding costs may apply. An annual fee of up to $90 may apply after the first year and is waived with a U.S. Bank Platinum Checking Package.
Home Equity Loan: In order to receive the lowest rate advertised, a set-up of automatic payments from a U.S. Bank personal checking account is required. Automatic payments are not required for loan approval. No closing cost option: a) is available for customers with a debt to income ratio of 43% or less; b) customer pays no closing costs. Initial escrow related funding costs may apply; c) an early closure fee of 1% of the original loan amount, maximum $500, will apply if the loan is paid off and closed within the first three years; d) customers can choose to remove the early closure fee by paying an origination fee of 1% of the loan amount, maximum $500. Customers with a debt to income ratio above 43% do not have an early closure fee. Loans are subject to credit approval and program guidelines. Not all loan programs are available in all states for all loan amounts. Interest rates and program terms are subject to change without notice. Property insurance is required.
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