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Products & Services > Loans & Credit Lines > Home Equity Lines and Loans  

Home Equity Lines and Loans

Competitive interest rates, no closing costs, low monthly payments and tax deductibility make U.S. Bank Home Equity products the smart choice for financing:

  • Home improvements
  • Debt consolidation
  • Vehicle purchases
  • Education expenses
  • Unexpected expenses
U.S. Bank now offers more convenient ways to close your new Home Equity line or loan. Apply online and close at one of over 2,500 branches or at a location of your choice, such as your personal residence or your local coffee shop.

Home Equity Line of Credit

  • Combines the flexibility of a line of credit with various monthly payment options. And with our Fixed Rate Option get a fixed interest rate and monthly payment on all or a part of your balance.
  • Provides the ability to lock in a fixed rate 1 on all of or any part of your variable balance at any time
  • Offers flexible repayment options, including interest-only
  • Gives you ongoing access to your funds through checks, a no-charge Visa® access card, online and phone banking, and over 2,500 branches and 10,000 ATMs
    Apply Now

Home Equity Installment Loan

  • Provides the security of a fixed rate with fixed monthly payments for the life of the loan
  • Offers terms up to 30 years 2
  • Disperses your funds to you at closing
    Apply Now

Additional Resources for Home Equity Loans
Line vs. Loan Comparison Chart
Home Equity FAQs

Application Information for Home Equity
About the Application and Closing Process
View Application Status

Calculators for Home Equity
How much equity do I have available?
Should I consolidate my debt with a home equity loan?
What is the tax benefit of my home equity loan?
Should I use a home equity or auto loan to purchase a vehicle?

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Five Star Banking Packages
Sign up for a banking package and receive preferred rates on new loans and Home Equity Lines of Credit. Plus, get other valuable benefits on our products and services. Learn more about Banking Packages.

  1. The Annual Percentage Rate (APR) will vary at Prime Rate as published in the Wall Street Journal. As of December 17, 2008, the variable rate for lines of credit is Prime + 0.74% to Prime + 5.74% (3.99% APR to 8.99% APR). Rates vary by loan to value and credit limit. The rate will not exceed 25% APR. The floor rate is 3.99% APR. An annual fee of up to $90 may apply after the first year. The first Fixed Rate Option is free; each additional one is $50. Offer is subject to normal credit approval. Property insurance is required. Interest on amounts exceeding 100% of the available equity is not tax deductible. Consult your tax advisor regarding the deductibility of interest. Rates are subject to change. Some restrictions may apply. Home Equity loans and lines of credit are offered through U.S. Bank National Association ND. Member FDIC.
     
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  2. Installment loan payment example: On a $30,000 20-year loan (240 payments) at 7.99% APR, monthly payments would be $250.75 if the Loan-to-Value ratio is less than or equal to 80%. Higher rates apply for higher Loan-to-Value. Offer is subject to higher credit qualifications. Property insurance is required. Some additional restrictions apply.
     
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