Why choose U.S. Bank for your next mortgage?

We can help you choose the option that’s best for you.

If you’re an existing customer with a U.S. Bank first mortgage or U.S. Bank Personal Checking Package, you may be eligible for a customer credit on the closing costs of your next mortgage.1 Take 0.25% of your next first mortgage loan amount and deduct it from the closing costs, up to a maximum of $1,000.2 Refinancing may make it possible to reduce your loan term or qualify for a lower interest rate. There are several loan options for refinancing, both conventional loans and government-backed, such as VA Interest Rate Reduction Refinance Loan (IRRRL) or Federal Housing Administration (FHA) Streamline Refinance.

If your mortgage is with another lender, U.S. Bank offers other refinancing options to lower your interest rate and change the term of your loan.

Benefits of a Traditional Refinance

Lower your current payment

Refinancing into a lower interest rate means you could lower your monthly payment, leaving more money in your budget for other needs.

Change the term of your loan

Depending on the remaining term of your current loan, you could shorten your loan term with the goal of building equity faster or paying off your home more quickly.

Choose the option that fits

U.S. Bank offers Federal Housing Administration (FHA) Streamline Refinance and VA Interest Rate Reduction Refinance Loan (IRRRL) options.

Ready to get started? Our mortgage loan officers can answer all of your home refinance questions and help you find the mortgage that's right for you.

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  1. Customers may be eligible for this credit with an existing U.S. Bank first mortgage, a U.S. Bank Smartly Checking account or an existing Gold or Platinum Checking Package. A minimum of $25 is required to open a U.S. Bank Smartly Checking account. For a comprehensive list of account pricing, terms and policies see the Consumer Pricing Information disclosure and the Your Deposit Account Agreement. These documents can be obtained by contacting a U.S. Bank branch or calling 800-872-2657.

  2. To calculate the U.S. Bank Customer Credit, take 0.25% of your new first mortgage loan amount and deduct it from the closing costs. For purchase or refinance transactions, the maximum credit is $1,000. Certain mortgages may not be eligible for stated credits. Offer may not be combined with any other mortgage offers and can only be applied once per property within a 12-month period.

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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 by U.S. Bank National Association. Deposit products are offered by U.S. Bank National Association. Member FDIC.