Which type of mortgage best fits my needs?
U.S. Bank is a leader in the mortgage industry, and many of our customers have said they would recommend us in the future. We offer loans that meet almost every mortgage need, and our mortgage loan officers are ready to go to work for you.
When you set up autopay from U.S. Bank personal checking account prior to final approval, you may be eligible for a client credit1 of 0.25% of the loan amount deducted from the closing costs of your new first mortgage, up to a maximum of $750.2
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Loan type
Key benefits
- The lowest fixed rates for eligible buyers
- No interest-rate surprises
Worth considering if you...
- Plan to stay in your home for a long time
- Have an established credit history
- Can put at least 5% down on a home
Loan type
Key benefits
- The lowest short-term rates
- Initial lower monthly payments
- Initial rate periods of 5-10 years, then rates can adjust up or down
Worth considering if you...
- Know you'll be moving within the next few years
- Have an established credit history
- Can put at least 5% down on a home
Key benefits
- Low down payments
- Flexible qualification guidelines
- Fixed-rate
Worth considering if you...
- Have limited funds for a down payment
- Don't have an established credit history or have experienced credit challenges in the past
Loan type
Key benefits
- Low or no down payments
- No mortgage insurance requirement
- Flexible qualification guidelines
- Fixed-rate and ARM options
Worth considering if you...
- Are an active military member or veteran
- Are the surviving spouse of a service member who died as a result of military service
Loan type
Key benefits
- Increased purchase limits for higher-priced properties
- Competitive rates
- Fixed-rate and ARM options
Worth considering if you...
- Are buying a home that exceeds conforming loan limits ($832,750 in most areas)
- Have an established credit history
- Want low down payment options
Loan type
Key benefits
- Down payment as low as 3% of the purchase price
- Up to $10,000 in assistance funds
- Mortgage insurance paid by U.S. Bank
- A fixed interest rate for the life of the loan
Worth considering if you...
- Are a low-to-moderate income borrower
- Have limited funds for a down payment
Loan type
Key benefits
- Down payment as low as 3% of the purchase price
- Up to $12,500 in assistance funds
- Mortgage insurance paid by U.S. Bank
- A fixed interest rate for the life of the loan
- Available in select locations
Worth considering if you...
- Have limited funds for a down payment
- Currently live in a majority-minority location where the total population is greater than 50% minority
Loan type
Key benefits
- Financing for residential rental property with 1-4 units
- A variety of loan options to choose from
Worth considering if you...
- Want to become a landlord
- Are buying a second home
Loan type
Key benefits
- Convenient financing for new construction
- Construction-to-permanent loan options
Worth considering if you...
- Are building a new home to your specifications
- Are buying a lot for a future home
Key benefits
- No down payment requirement
- Competitive interest rates, often lower than fixed-rate loans
- No mortgage insurance requirement
Worth considering if you...
- Are a low-to-very-low income borrower, (moderate incomes may still be eligible)
- Have a dependable source of income
- Are a U.S. citizen or an eligible noncitizen (permanent resident)
- Are buying a home in a rural area with a population of less than 35,000
Your dream of owning a home is within reach.
We believe homeownership should be accessible to everyone. That’s why we offer affordable mortgage programs to help make your dream a reality. These options feature low down payments, assistance funds for closing costs and flexible qualification guidelines to fit your unique financial situation.
Your path to a new home starts here. Explore our programs to see how we can help you open the door to your future.
Take the next step with us
Equal Housing Lender