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Which Mortgage Product Best Fits Your Needs?

U.S. Bank is a leader in the mortgage industry, and millions of our customers say they would recommend us in the future. We offer loans that meet almost every mortgage need and are ready to go to work for you.

  • We originate mortgages for one- to four-unit residential properties for new purchase or refinance mortgage financing.
  • Products for primary homes, new construction, and vacation and investment properties are available.
  • The following chart provides a general idea of the mortgage products available today. For more information, please contact a U.S. Bank Loan Officer.

Product DescriptionConsumer BenefitsProduct Highlights
Fixed-Rate Mortgages

Fixed monthly principal and interest payments.

Payments remain the same for the term of the loan.

This loan option is attractive to borrowers who may remain in their home for several years.

Multiple terms are available and the rate is fixed for the life of the loan.

Adjustable-Rate Mortgages (ARM)

The initial mortgage interest rate may be lower than current fixed-rate loans.

Choose from a number of adjustable-rate loan products.

Borrowers who intend to remain in a property for a shorter period of time may prefer this option.

The interest rate will adjust in the future.

Government Mortgages:FHA and VA Mortgages

The Federal Housing Administration (FHA) and the Department of Veterans Affairs (VA) offer mortgage programs in all states.

Product options include both fixed-rate and adjustable- rate mortgages.

Features include flexible qualification guidelines for eligible borrowers.

These mortgages are helpful for eligible borrowers with limited funds to use as a down payment.

Ask about the advantages of the U.S. Bank Firstep program.

FHA and VA mortgages give eligible borrowers the opportunity to become homeowners with low or zero down payment requirements depending on the mortgage product.

FHA-allowable loan maximums are set by county and state. FHA loans are insured by the federal government.

Many first-time homebuyers select FHA loans because of the program’s flexibility.

VA-guaranteed loan programs are available to Military Service Veterans, current active duty service men and women and their surviving spouses.

Features include:

  • No down payment
  • No mortgage insurance

An option for consumers who wish to borrow more than the conforming loan limit of $417,000.

The JUMBO mortgage products offer flexible loan terms.

Financing is available for primary residences, second homes, investment properties.

Primary and investment properties with 2 - 4 units are allowed.


More Resources for First-Time Home Buyers

Need help getting through the process?

Call 877-303-1640 today to get started, or contact a local U.S. Bank Home Mortgage Loan Officer.


Equal Housing Lender Equal Housing Lender

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.

You can always call us for further information on the mortgage application process and to find out about the wide variety of mortgage products offered by U.S. Bank Home Mortgage.

Get Started
By Phone
877-303-1637 or
Rates & Products

See today's rates. Rates and products may vary by location.

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