Get prequalified for a basic estimate of what you may be able to borrow.
These rates and APRs are current as of $date and may change at any time. They assume you have a FICO® Score of 740+ and at least 25% equity, that the loan is for a single-family home as your primary residence and that you will purchase up to one mortgage point.
Mortgage points, or discount points, are a form of prepaid interest you can choose to pay up front in exchange for a lower interest rate and monthly payment. One mortgage point is equal to about 1% of your total loan amount, so on a $250,000 loan, one point would cost you about $2,500. Connect with a mortgage loan officer to learn more about mortgage points.
Learn how these rates and APRs are calculated. Plus, see a conforming fixed-rate monthly payment and APR example. Get more details.
See if refinancing is right for you and how much you could save with our mortgage refinance calculator.
A 15-year fixed rate mortgage is a home loan with a repayment period of 15 years. It has an interest rate that does not change throughout the life of the loan.
The main advantages of a 15-year fixed mortgage are outlined below. An experienced U.S. Bank mortgage loan officer can help you learn more.
A fixed-rate mortgage gives you predictability regardless of term. Consider choosing a 15-year term over a 20- or 30-year term if:
U.S. Bank offers a variety of loan terms and options. Our mortgage loan officers are dedicated to helping you choose the option that’s best for you.
Consider refinancing to a 15-year fixed mortgage if:
A U.S. Bank mortgage loan officer can help you decide if refinancing to a 15-year fixed mortgage is a good option for you. We also offer 20- and 30-year fixed refinance options. Check out today’s rates for 20-year fixed and 30-year fixed refinance loans. If you’re curious about the costs associated with refinancing, use our mortgage refinance cost calculator to get an estimate of how much it will cost.