![]() Home Equity Loan: As of April 21, 2023, the fixed Annual Percentage Rate (APR) of 7.50% is available for 10-year second position home equity installment loans $50,000 to $99,999 with loan-to-value (LTV) of 60% or less. Rates may vary based on LTV, credit scores or other loan amount. 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. An annual fee of up to $90 may apply after the first year and is waived with an existing U.S. ![]() Initial escrow related funding costs may apply. Credit line may be reduced, or additional extensions of credit limited if certain circumstances occur.Īn 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. Interest rate and program terms are subject to change without notice. Customers in certain states are eligible to receive the preferred rate without having a U.S. Bank personal checking account is required to receive the lowest rate but is not required for loan approval. Not all loan programs are available in all states for all loan amounts. Loans are subject to credit approval and program guidelines. Interest-only repayment may be unavailable. ![]() Choosing an interest-only repayment may cause your monthly payment to increase, possibly substantially, once your credit line transitions into the repayment period. Home Equity Line of Credit: Repayment options may vary based on credit qualifications.
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