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finder.com’s rating: 3.4 / 5.0
★★★★★
If you’re looking for a mortgage to buy a new home, refinance or invest in property, U.S. Bank offers several options to suit the needs of different borrowers. But branches are only available in select states in the West and Midwest.
Conventional: 620
Minimum credit score
5%
Minimum down payment (Conventional)
Available in all states
State availability
Loan products offered | Conventional, Refinance, Home Equity/HELOC, Jumbo, FHA, VA |
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Minimum credit score | Conventional: 620 |
Minimum down payment (Conventional) | 5% |
State availability | Available in all states |
NMLS # | 402761 |
U.S. Bank is not currently available on Finder
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An established lender with a history going back 158 years, U.S. Bank may be a good option for borrowers who prefer a traditional, brick-and-mortar bank combined with digital convenience. U.S. Bank offers free online prequalification, a loan portal for applying, a mortgage dashboard for managing your loan and a full-featured mobile app.
But U.S. Bank’s branch locations are limited, and its rates aren’t the most competitive. Customer sentiment is also divided across the different online review sites, so there’s no saying exactly the type of experience you can expect.
Though it doesn’t list its fees online, U.S. Bank’s lender fees are comparable to the competition and even a little lower than many competitors’ fees. But we still suggest shopping around to find the best deal for your situation and budget.
To find out if you meet the requirements for a U.S. Bank home loan, call or fill out an application online. Basic eligibility for a home loan with U.S. Bank includes:
Personal and financial details required to apply for a mortgage from U.S. Bank include:
U.S. Bank doesn’t disclose its fees online. We spoke to a loan officer who stated U.S. Bank charges a total of $770 in lender fees. These include an application fee and another processing fee the loan officer called a “commitment” fee.
As far as lender fees go, U.S. Bank’s are on the lower end. While some don’t charge any lender fees at all, these lenders are few and far between. We regularly see these flat fees between $1,000 and $2,000. For those that charge lender fees as a percentage of the total mortgage amount, they can be even higher.
While these are the only fees U.S. Bank directly charges, you’ll also be responsible for paying any third-party fees and costs associated with purchasing a home. Some common fees include:
To get started:
A loan officer to reach out to you about the next steps. Alternatively, call 888-660-0219 to speak with a U.S. Bank home loan representative.
This lender offers three refinance options.
U.S. Bank also offers these specialized types of mortgages:
Like many traditional banks and mortgage lenders, U.S. Bank offers a standard range of mortgage products, including home equity loans and a HELOC with no application fees and no closing costs. But a mortgage with U.S. Bank won’t be right for everyone.
For instance, U.S. Bank branches are limited. So if you want to meet with a loan officer in person, you won’t have much luck. If face-to-face support is important to you, you might consider a lender like Guaranteed Rate. It’s got strong customer reviews, offers a variety of mortgage products and has 400 branches nationwide.
If you have good credit and are looking for a standard conventional or government-backed mortgage with a streamlined application process and zero lender fees, you may want to go with a digital lender like Beeline or Better.
Alternatively, compare top brands by home loan type, state availability and credit score. Select See rates to provide the lender with basic property and financial details for personalized rates.
Disclaimer: The partners on Finder's mortgage comparison tables are sorted in alphabetical order.
BBB rating | A+ |
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Trustpilot rating | Bad |
Customer reviews verified as of | 14 June 2022 |
U.S. Bank is the fifth-largest bank and tenth-biggest mortgage provider in the nation. U.S. Bank is a subsidiary of Minneapolis-based U.S. Bancorp, which has $564.16 billion in assets as of May 2022. The company has over 3,100 retail branches in 25 states and offers a full suite of banking, investment, mortgage, trust and payment services products.