Reviews, evaluations and opinions of our experts on the products and services that appear on this page are totally objective and independent. Some products may be from our partners who compensate us, which may influence where and how they are displayed. Advertising disclosure.
U.S. Bank has a wide range of mortgages loans and Home Equity Lines Of Credit and Loans that can be used for a variety of purposes, such as buying a first or second home to live in or invest in, financing the construction of a property or obtaining liquidity for any purpose.
Among the mortgages available to buy a home you can choose between fixed or adjustable interest rate loans.
With the fixed rate you won't have to worry about possible variations in the Fed's interest rates, since you will always pay the same amount each month until you finish paying back the money.
With the adjustable rate, the amount of the installments will depend on the value of a reference index, which is usually the SOFR, to which the financial entity adds a margin. With this modality you will be able to benefit from drops in the index, although you will also be harmed by rises.
U.S. Bank also markets the FHA mortgage, which benefits from Federal Housing Administration assistance, and you can obtain financing even if you have no credit rating or a low score.
Another option for financing the purchase of real estate is the Jumbo mortgage, which is used to buy homes with a high value.
In addition, U.S. Bank offers a line of credit and a home equity loan that you can use to borrow money for purposes other than buying a home.
With them you get much lower interest rates than credit cards and personal loans, making them an excellent option for debt consolidation and debt consolidation.
Español: Hipotecas y préstamos con garantía hipotecaria de U.S. Bank