U.S. Bank’s mortgage products come in many different forms, making it an excellent place to shop for a home loan. The bank offers fixed rate and adjustable rate options, as well as a full line of conventional and government loan products for a wide range of term lengths (10- and 20-year terms in addition to the typical 15- and 30-year options.) In addition to the provided list below, borrowers can also get new-construction mortgages and investment property loans, but only in the states where U.S. Bank has physical locations. Mortgage rates for many U.S. Bank loan products are shown on its website. These are national rates, based on general assumptions not on a borrower’s credit score or property details.

U.S. Bank provides an interactive, comprehensive experience for its customers seeking mortgage loans. Borrowers who have U.S. Bank Gold, Silver, or Platinum checking accounts may qualify for up to $1,000 discount on mortgage fees. The bank's website enables both an online pre-qualification and pre-approval process, as well as provides multiple tools and resources that teach on mortgage financing. There are step-by-step guides to the home buying process, a glossary of terms and an explanation of fees, along with information for every type of loan offered by the company. U.S. Bank offers mortgages in all 50 states, but not all states have a brick and mortar branch. Borrowers can use a loan officer locator on the company’s website to find their nearest representative. Additionally, U.S. Bank rated seventh in J.D. Power’s 2017 customer satisfaction survey and it has a lower ration of Consumer Financial Bureau Complaints than many of its competitors. However, a bank as large as U.S. Bank it’s not without its legal battles. In 2014, the bank had to pay $200 million to resolve alleged FHA mortgage lending violations.

Customers can complete an online pre-qualification through U.S. Bank's website to help determine how much they'll be able to spend on their future home. The application factors in the debt-to-income ratio to estimate how much the customer can borrow. Credit score minimum isn't required, but highly recommended to be at least 740. Borrowers also need to consider their down payment savings. Twenty percent of the cost of the home is the usual percentage for conventional loans.

U.S. Bank is the fifth-largest bank in the United States. The company operates 3,133 banking offices in 25 states and more than 4,000 ATMS. Additionally, the bank has a satisfactory rating from the BBB and an average rating from TrustPilot. U.S. Bank has a significant amount of online reviews from previous and current customers. Many complaints regard issues with the bank's mortgage payment process and lack of communication regarding the policy and fees with the customers. For more options, check out our review of the Top 8 Best Mortgage Rates of 2019.