Are you looking for a home loan but don’t know where to go? You’ve come to the right place. There are so many options now, it can be very overwhelming. With this in mind, it’s important that you really look into your lender before you start to make any decisions about your mortgage. To help you out, we’ve reviewed the U.S. Bank, one of the top home loan lenders, and explained how they can assist you in getting a mortgage.
Pros
Offers conventional and government loan products.
Provides good home equity loans and lines of credit.
Allows borrowers to apply and track their loan’s progress.
Cons
No personalized mortgage rates are available.
Requires an above-average credit score.
U.S. Bank at A Glance
The U.S. Bank has been in business for over a century now. This bank provides excellent loan offerings and tech-forward convenience. U.S. Bank offers a fully digital loan application, a mobile app, and an online prequalification and preapproval.
U.S. Bank Mortgage Loan Types and Products
U.S. Bank offers government-backed FHA and VA loans, fixed and adjustable-rate mortgages, jumbo loans, home equity loans and lines of credit, and lastly mortgages for low-to-moderate-income borrowers.
Home renovation, construction, and vacant lot loans also are available in the states where the U.S. Bank has physical locations only.
U.S. Bank Online Convenience
The U.S. Bank offers an online basic mortgage pre-qualification process. With a pre-qualification, there’s no formal commitment from the bank’s side to issue a loan. During the application process, the bank may be able to electronically verify your income and assets, using info from third-party sources like tax preparers, other banks, and payroll services.