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Get a home equity recommendation

What do you want from a home equity loan?

How much money do you need?

Do you want to keep your current mortgage?

Hint: If you bought your home or refinanced when rates were low, you may want to stay with your current mortgage.

Will you need all the money at once?

How much money do you need?

Do you want to keep your current mortgage?

Hint: If you bought your home or refinanced when rates were low, you may want to stay with your current mortgage.

Is your goal to pay off your debt by a certain date?

Is your goal to pay off your debt by a certain date?

How much money do you need?

Do you want to keep your current mortgage?

Hint: If you bought your home or refinanced when rates were low, you may want to stay with your current mortgage.

Will you pay for your project all at once?

Hint: Many home contractors charge one-third of the estimated cost of a project before work begins, another third midway through the project, and the balance when the project is finished.

Our recommendation

Personal loan

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As low as a variable annual percentage rate of:

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1

Take control of your finances with a personal loan. U.S. Bank checking customers with credit approval may be able to borrow up to $50,0001. Those without a U.S. Bank account may be able to borrow up to $25,000.

Check your rate before completing a full application to see what you may be eligible to borrow. It won’t affect your credit score.

Consider if:

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Quick funds for all your needs

Learn more Check your rate

Personal line of credit

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As low as a variable annual percentage rate of:

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2

Looking to tackle on financial goals with a little more flexibility? If you’re a current U.S. Bank checking customer, a personal line of credit can give you instant, ongoing access to funds as you need them.

Check your rate before completing a full application to see what you may be eligible to borrow. It won’t affect your credit score.

Consider if:

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Instant, ongoing credit access

Learn more Check your rate

Home equity loan

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10-year home equity loan rate

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15-year home equity loan rate

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A home equity loan is worth considering if you have a large, one-time expense, or if you want to consolidate debt and focus on paying it off. It offers fixed rates and a steady repayment schedule for the life of the loan.

Consider if you:

check icon Will have multiple expenses over time
check icon Want ongoing access to funds

Fixed rates and payments

Learn more Apply now

Home equity line of credit (HELOC)

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Variable annual percentage rate

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Useful if you’re planning a major project with multiple purchases, a HELOC offers ongoing access to funds at rates lower than most credit cards. Plus, you have the option to lock in a fixed rate on some or all of your HELOC.

Consider if you:

check icon Will have multiple expenses over time
check icon Want ongoing access to funds

Funds as you need them

Learn more Apply now

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Our recommendation

Home equity loan

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10-year home equity loan rate

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3

15-year home equity loan rate

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3

A home equity loan is worth considering if you have a large, one-time expense, or if you want to consolidate debt and focus on paying it off. It offers fixed rates and a steady repayment schedule for the life of the loan.

Consider if you:

check icon Will have multiple expenses over time
check icon Want ongoing access to funds

Fixed rates and payments

Learn more Apply now

Home equity loan

 Toggletip Icon

10-year home equity loan rate

As of

3

15-year home equity loan rate

As of

3

A home equity loan is worth considering if you have a large, one-time expense, or if you want to consolidate debt and focus on paying it off. It offers fixed rates and a steady repayment schedule for the life of the loan.

Consider if you:

check icon Will have multiple expenses over time
check icon Want ongoing access to funds

Fixed rates and payments

Learn more Apply now

Home equity loan

 Toggletip Icon

10-year home equity loan rate

As of

3

15-year home equity loan rate

As of

3

A home equity loan is worth considering if you have a large, one-time expense, or if you want to consolidate debt and focus on paying it off. It offers fixed rates and a steady repayment schedule for the life of the loan.
 

Consider if you:

check icon Will have multiple expenses over time
check icon Want ongoing access to funds

Fixed rates and payments

Learn more Apply now

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Our recommendation

Home equity loan

 Toggletip Icon

10-year home equity loan rate

As of

3

15-year home equity loan rate

As of

3

A home equity loan is worth considering if you have a large, one-time expense, or if you want to consolidate debt and focus on paying it off. It offers fixed rates and a steady repayment schedule for the life of the loan.

Consider if you:

check icon Will have multiple expenses over time
check icon Want ongoing access to funds

Fixed rates and payments

Learn more Apply now

Our recommendation

Cash-Out Refinance

By replacing your current mortgage with a new one, you may be able to get a lower interest rate and APR, plus extra funds for your major project or purchase when you close on your new loan.

Learn more or call 855-815-8894.

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Disclosures

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. Mortgage, home equity and credit products are offered by U.S. Bank National Association. Deposit products are offered by U.S. Bank National Association. Member FDIC.

U.S. Bank and its representatives do not provide tax or legal advice. Your tax and financial situation is unique. You should consult your tax and/or legal advisor for advice and information concerning your particular situation.

The Consumer Pricing Information disclosure lists fees, terms and conditions that apply to U.S. Bank personal checking and savings accounts and can be obtained by visiting a branch or calling 800-872-2657.

Home Equity Line of Credit: Repayment options may vary based on credit qualifications. Choosing an interest-only repayment may cause your monthly payment to increase, possibly substantially, once your credit line transitions into the repayment period. Interest-only repayment may be unavailable. Loans are subject to credit approval and program guidelines. Not all loan programs are available in all states for all loan amounts. A U.S. Bank personal checking account is required to receive the lowest rate but is not required for loan approval. Customers in certain states are eligible to receive the preferred rate without having a U.S. Bank personal checking account. Interest rate and program terms are subject to change without notice. Credit line may be reduced, or additional extensions of credit limited if certain circumstances occur.

An early closure fee of 1% of the original line amount, maximum $500, will apply if the line is paid off and closed within the first 30 months. Property insurance is required. Other restrictions may apply. Customer pays no closing costs. Initial escrow related funding costs may apply. An annual fee of up to $75 may apply after the first year and is waived or discounted with an existing U.S. Bank Platinum Checking Package or with enrollment in our Smart Rewards Program. Annual fees are assessed based on the tier in our Smart Rewards Program on your HELOC anniversary date. Please refer to your Smart Rewards terms and conditions for more information on tier assignment.

Home Equity Loan: In order to receive the lowest rate advertised, a set-up of automatic payments from a U.S. Bank personal checking or savings account is required but neither are required for loan approval. Customers in certain states are eligible to receive the preferred rate without having automatic payments from a U.S. Bank personal checking or savings account. Home equity loans not available for properties held in a trust in the states of Hawaii, Louisiana, New York, Oklahoma and Rhode Island. Loans are subject to credit approval and program guidelines. Not all loan programs are available in all states for all loan amounts. Interest rates and program terms are subject to change without notice. Property insurance is required. Other restrictions may apply.