Our home loan options

Conventional fixed-rate mortgage

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The most common home financing option.

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Monthly principal and interest payments remain the same for the life of the loan, making it an attractive choice if you plan to stay in your home for many years.

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Most conventional loans require at least 5%¹ down. Remember, when putting less than 20% down, private mortgage insurance (PMI) is usually required.

Conventional adjustable-rate mortgage (ARM)

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Features a fixed rate and payment for the first three to 10 years based on the terms of the loan.

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Then rates fluctuate either up or down based on market conditions.

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An ARM may be a good option if you know you will be living in your home for only a few years. A down payment of at least 10%¹ is typically required.

FHA loan

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Government-backed mortgages with more flexible lending requirements than conventional loans.

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Down payments as little as 3.5% down.¹

VA loan

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Backed by the U.S. Department of Veterans Affairs (VA).

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Eligible service members or veterans can purchase a home with little or no down payment.

Jumbo loan

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For loan amounts over $726,200 up to $5 million.

American Dream loan

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Provides homebuyers the assistance they need to get over the buying threshold and into their next home.

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Assistance funds up to either $5,500 or 3% of the purchase price up to $10,000 – whichever is greater.¹

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Can be combined with other down payment assistance and grant programs.¹

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Available in 25 states.

Questions?

Contact me to discuss which home loan option fits your needs.

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1. Mortgage Insurance (MI) may be required for down payments of less than 20%. Escrow for property taxes and hazard insurance may also be required and if applicable will increase your monthly payment. Discuss your options with your U.S. Bank mortgage loan officer to determine which option may suit you best.

Loan approval is 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.

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