US Bank is a financial services holding company based in Minneapolis, Minnesota. It operates under the parent company US Bancorp, and is the fifth largest commercial bank in the U.S. It was founded in 1929, and currently has over 3,133 banking offices in 25 states. US Bank offers banking, trust, investment, and payment services as well as a several fixed-rate and adjustable-rate mortgage options. This article shows the most recent information regarding the US Bank mortgage rates.
US Bank Current Mortgage Rates
You can find information about US Bank’s current mortgage rates on its website.
|Type of Mortgage Rate||Interest Rate||APR (Annual Percentage Rate)||Estimated Monthly Payment|
|30-Year Fixed Rate||4.500%||4.574%||$811.20|
|20-Year Fixed Rate||4.250%||4.350%||$990.40|
|15-Year Fixed Rate||3.875%||4.002%||$1172.80|
|10-Year Fixed Rate||3.750%||3.931%||$1601.60|
|30-Year Fixed – FHA||4.250%||5.315%||$966.93|
|15-Year Fixed – FHA||4.000%||5.074%||$1453.29|
|30-Year Fixed – VA||4.250%||4.598%||$1016.00|
|15-Year Fixed – VA||4.000%||4.607%||$1528.00|
|30-Year Fixed – Jumbo||4.500%||4.522%||$2535.00|
|20-Year Fixed – Jumbo||4.250%||4.280%||$3095.00|
|15-Year Fixed – Jumbo||4.000%||4.038%||$3700.00|
*** Disclaimer: The rates, terms, and fees shown above are subject to change without notice and users should access US Bank’s site for the latest updates.
Bonus read: US Bank Mortgage Account Login
US Bank Mortgage Rates Additional Info
The estimated payments and ARM interest rates listed above are based on several assumptions: a loan amount of $200,000 and a jumbo loan rate of $625,000, a 740+ credit score, and a single family home. Rate adjustments may be possible depending on individual conditions and mortgage rate trends.
US Bank Home Mortgage Rates
First of all, US Bank offers a wide range of mortgage rates. Among these, we have standard conforming mortgages, adjustable rate mortgages (ARMs), VA mortgages, and FHA mortgages. Purchase mortgage rates and refinance mortgage rates are available for each of these options. Fixed-rate mortgages are available in 10-year, 15-year, 20-year, or 30-year terms. Adjustable rate mortgages are offered in 3, 5, or 10-year initial terms.
Secondly, the US Bank also provides jumbo loans for mortgages over $417,000. Furthermore, these mortgages are designed for home purchases that go past traditional mortgage rates.
To determine the most suitable US Bank mortgage rate, you can go to the mortgage rates calculator and rate and payment calculator or loan comparison tool on their website. There you can find details about the benefits and drawbacks of each loan type.
In conclusion, the US Bank mortgage rates include fixed and adjustable rate loans, as well as VA and FHA options. Worth mentioning, if you are in the market for a house, you can go to US Bank’s website for pre-approval for a loan. Once you successfully finish the procedure, you can finish the process by calling US Bank’s toll-free number at 1.877.303.1639. You can also go to US Bank’s customer support page to find more information about these mortgage rates.