Our experts answer readers' home-buying questions and write unbiased product reviews (here's how we assess mortgages). In some cases, we receive a commission from our partners; however, our opinions are our own.
US Bank; Insider
Overall lender rating
| Feature | Insider rating (out of 5) |
| Loan types | 5 |
| Affordability | 4 |
| Customer satisfaction | 3.99 |
| Trustworthiness | 4 |
| Total | 4.25 |
Pros and cons
| Pros | Cons |
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U.S. Bank mortgage rates
Some lenders will customize your mortgage rates online by asking for your zip code, down payment amount, or credit score. U.S. Bank doesn't allow you to personalize rates, though — you'll need to apply for prequalification to get a general idea of what you'd pay.
On the bright side, U.S. Bank's online rates are comparable to the national average rates on the Federal Reserve website. So you could get a low rate with this lender.
U.S. Bank vs. Bank of America mortgages
US Bank | Bank of America |
Types of home loans Conforming, jumbo, FHA, VA, construction, HELOC, home equity loans | Types of home loans Conforming, jumbo, FHA, VA, HELOC |
Standout feature Strong VA loans | Standout feature Homebuyer assistance programs |
U.S. Bank offers more types of home loans than Bank of America. It's the clear choice if you need a construction loan or home equity loan. You'll also like U.S. Bank if you need a VA loan but your credit score is on the lower side. Bank of America requires a 620 credit score for VA loans, while U.S. Bank only requires a 600 score.
Bank of America has homebuyer assistance programs that vary by state. Depending on where you live, you may qualify for a grant or loan toward your down payment/closing costs.
U.S. Bank vs. Chase mortgages
US Bank | Chase |
Types of home loans Conforming, jumbo, FHA, VA, construction, HELOC, home equity loans | Types of home loans Conforming, jumbo, FHA, VA, HELOC, Chase DreaMaker |
Standout feature Strong VA loans | Standout feature Chase DreaMaker Mortgage |
You'll want to go with U.S. Bank for construction loans or home equity loans. But Chase has a unique mortgage called Chase DreaMaker.
Chase DreaMaker is a program for lower-income borrowers that includes up to $3,000 in grants for a down payment or closing costs. Chase recently expanded this program to offer $5,500 to people who live in eligible neighborhoods and complete an educational course. If you qualify for this mortgage, you may prefer Chase.
How U.S. Bank mortgages work
- Conforming
- Jumbo
- FHA
- VA
- Fixed-rate
- Adjustable-rate
- Construction loan
- Home equity line of credit (HELOC)
- Home equity loan
If you refinance, you can choose between a rate-and-term refinance or cash-out refinance. You may refinance your FHA loan with U.S. Bank, but to do a streamline refinance — which doesn't require a credit check or home appraisal — your original FHA loan must be with U.S. Bank.
Is U.S. Bank trustworthy?
The Better Business Bureau gives U.S. Bank an A- rating. The BBB looks at at responses to customer complaints, transparency about business practices, and honesty in advertising.
In 2023, U.S. Bank settled allegations from the Consumer Financial Protection Bureau that the bank illegally pulled customers' credit reports and opened accounts in their names without permission.
U.S. Bank ranked average in J.D. Power's 2023 Mortgage Origination Satisfaction Study. On its Zillow lender page, the bank has a 4.98 out of 5-star rating, based on over 15,000 customer reviews.
U.S. Bank mortgage FAQ
Is U.S. Bank good for a mortgage?
Yes, U.S. Bank is a good option for people who need various types of mortgages. It could be an especially strong choice if you need a VA loan, because it only requires a 600 credit score.
Is it easy to get a mortgage from U.S. Bank?
U.S. Bank requires lower credit scores than some big lenders, especially on VA mortgages, which can make it easier to get a mortgage. Some lenders accept alternative credit data with your application, like proof that you pay your bills on time. U.S. Bank doesn't accept alternative data, though — it looks strictly at your credit score.
Mortgage and refinance rates by state
Compare U.S. Bank's rates to mortgage rates in your state:
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
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Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
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Mississippi
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Nebraska
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New Mexico
New York
North Carolina
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Ohio
Oklahoma
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Pennsylvania
Rhode Island
South Carolina
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Tennessee
Texas
Utah
Vermont
Virginia
Washington
Washington, DC
West Virginia
Wisconsin
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