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These rates, APRs, monthly payments and points are current as of !currentDate and may change at any time. They assume you have a FICO® Score of 740+ and a specific down payment amount as noted below for each product. They also assume the loan is for a single-family home as your primary residence and you will purchase up to one mortgage discount point in exchange for a lower interest rate. Connect with a mortgage loan officer to learn more about mortgage points.

Compare a variety of mortgage types by selecting one or more of the following.

Conventional fixed-rate loans

Term
Rate
APR 1
Monthly payment
Points
Conventional fixed-rate loans
Term
30-year
Monthly payment
Rate
APR 1
Points
Term
20-year
Monthly payment
Rate
APR 1
Points
Term
15-year
Monthly payment
Rate
APR 1
Points
Term
10-year
Monthly payment
Rate
APR 1
Points

The rates and monthly payments shown are based on a loan amount of $464,000 and a down payment of at least 25%. Learn more about how these rates, APRs and monthly payments are calculated. Plus, see a conforming fixed-rate estimated monthly payment and APR example. Get more details.

Conforming adjustable-rate mortgage (ARM) loans

Term
Rate
APR 1
Monthly payment
Points
Conforming adjustable-rate mortgage (ARM) loans
Term
10/6 mo
Monthly payment
Rate
APR 1
Points
Term
7/6 mo
Monthly payment
Rate
APR 1
Points

The rates and monthly payments shown are based on a loan amount of $464,000 and a down payment of at least 25%. Learn more about how these rates, APRs and monthly payments are calculated. Plus, see an ARM estimated monthly payment and APR example. Get more details.

Jumbo adjustable-rate mortgage (ARM) loans

Term
Rate
APR 1
Monthly payment
Points
Jumbo adjustable-rate mortgage (ARM) loans
Term
10/1 yr
Monthly payment
Rate
APR 1
Points
Term
7/1 yr
Monthly payment
Rate
APR 1
Points
Term
5/1 yr
Monthly payment
Rate
APR 1
Points

The rates and monthly payments shown are based on a loan amount of $940,000 and a down payment of at least 25%. Learn more about how these rates, APRs and monthly payments are calculated. Plus, see an ARM estimated monthly payment and APR example. Get more details.

Federal Housing Administration (FHA) loans

Term
Rate
APR 1
Monthly payment
Points
Federal Housing Administration (FHA) loans
Term
30-year
Monthly payment
Rate
APR 1
Points

The rates and monthly payments shown are based on a loan amount of $270,019 and a down payment of at least 3.5%. Learn more about how these rates, APRs and monthly payments are calculated. Plus, see an FHA estimated monthly payment and APR example. Get more details.

Veterans Affairs (VA) loans

Term
Rate
APR 1
Monthly payment
Points
Veterans Affairs (VA) loans
Term
30-year
Monthly payment
Rate
APR 1
Points

The rates and monthly payments shown are based on a loan amount of $270,072 and no down payment. Learn more about how these rates, APRs and monthly payments are calculated. Plus, see a VA estimated monthly payment and APR example. Get more details.

Jumbo loans

Term
Rate
APR 1
Monthly payment
Points
Jumbo loans
Term
30-year
Monthly payment
Rate
APR 1
Points
Term
20-year
Monthly payment
Rate
APR 1
Points
Term
15-year
Monthly payment
Rate
APR 1
Points

The rates and monthly payments shown are based on a loan amount of $940,000 and a down payment of at least 25%. Learn more about how these rates, APRs and monthly payments are calculated. Plus, see a jumbo estimated monthly payment and APR example. Get more details.

FHA loan details and benefits

FHA loans are insured by the Federal Housing Administration. They generally have lower credit and down payment requirements for qualified homebuyers.

Low down payment

Depending on your credit score, you may only be required to put 3.5% down, which is the minimum down payment that FHA loans require. Keep in mind, putting less down could result in a higher interest rate.

Lower credit score requirement

In most cases, your FICO® Score must be at least 640. When checking on your score, keep in mind that there are several credit reporting agencies that all use a slightly different set of number ranges.

Flexible qualification guidelines

FHA loans often have more flexible lending requirements than conventional loans. For instance, homebuyers can qualify for FHA loans without having a long credit history or good credit score.

Firststep option

Some fixed-rate FHA mortgages qualify for an interest rate buydown paid by U.S. Bank for the first year. Buyers can have low down payments and don’t need to be first-time homebuyers.2

If you're an active service member, veteran or eligible surviving spouse, VA mortgage loans offer similar advantages, like lower credit score and borrower equity requirements.

Want to talk to someone about your options?

A mortgage loan officer who’s familiar with your area can offer you guidance on choosing the right loan for your specific needs.

Looking for FHA refinance rates instead?

If you’re interested in securing better loan terns, refinancing may be an option.

Requirements for FHA loans

Although FHA loans are more flexible when it comes to down payments and credit backgrounds, there are some specific requirements.

Loan limit

FHA home loans have maximum mortgage limits that vary by state and county.

Mortgage insurance

All FHA loans require mortgage insurance which protects the lender against any loss if you fail to pay your mortgage.

Property requirements

The property must be appraised by an FHA-approved appraiser. In addition, FHA loans are available only for homes that:

  • Will be the buyer’s primary residence
  • Protect the health and safety of the occupants
  • Protect the security of the property
  • Do not have physical deficiencies or conditions affecting its structural integrity

FHA loan calculator

Use our mortgage calculator to get an estimate of your monthly mortgage payment.

Learn more about mortgages and financing options.

Compare and contrast conventional and FHA loans.

Understand the key differences between these two popular home loan choices.

What are down payment assistance programs?

Find out if you might be eligible for a down payment assistance program.

Gain insights about the first-time homebuying experience.

Make use of the tools and resources in our first-time homebuyer guide.

Navigate the homebuying process, step-by-step.

Take five minutes to get an introduction on what goes into buying a home.

Check out all your mortgage options.

We offer loans that meet almost every mortgage need. Take a look!

Why choose U.S. Bank as your lender?

Our goal is to provide exceptional value and service. Discover the perks we have to offer.

Get answers to common questions.

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Disclosures

Loan approval is subject to credit approval and program guidelines. Not all loan programs are available in all states for all loan amounts. Interest rate and program terms are subject to change without notice. Mortgage, Home Equity and Credit products are offered through U.S. Bank National Association. Deposit products are offered through U.S. Bank National Association. Member FDIC.

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  1. Annual percentage rate (APR) represents the true yearly cost of your loan, including any fees or costs in addition to the actual interest you pay to the lender. The APR may be increased after the closing date for adjustable-rate mortgage (ARM) loans.

  2. Must qualify at note rate. Temporary interest rate reduction buydown feature will be reflected as a payment adjustment on the mortgage statement for the first 12 months. Temporary buydown available on 1-unit purchase transactions only. Receive an interest rate reduction for first 12 monthly principal and interest payments. Beginning with the 13th mortgage payment through the end of the loan term, the interest rate reverts to the original interest rate when the loan originally closed.

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The rates shown above are the current rates for the purchase of a single-family primary residence based on a 45-day lock period. These rates are not guaranteed and are subject to change. This is not a credit decision or a commitment to lend. Your final rate will depend on various factors including loan product, loan size, credit profile, property value, geographic location, occupancy and other factors.

To lock a rate, you must submit an application to U.S. Bank and receive confirmation from a mortgage loan officer that your rate is locked. An application can be made by calling 888-291-2334, by starting it online or by meeting with a mortgage loan officer.

Minnesota properties: To guarantee a rate, you must receive written confirmation as required by Minnesota Statute 47.206. This statement of current loan terms and conditions is not an offer to enter into an interest rate or discount point agreement. Any such offer may be made only pursuant to subdivisions 3 and 4 of Minnesota Statutes Section 47.206. 

Calculators are provided by Leadfusion. This calculator is being provided for educational purposes only. The results are estimates that are based on information you provided and may not reflect U.S. Bank product terms. The information cannot be used by U.S. Bank to determine a customer's eligibility for a specific product or service. All financial calculators are provided by the third-party Leadfusion and are not associated, controlled by or under the control of U.S. Bank, its affiliates or subsidiaries. U.S. BANK is not responsible for the content, results, or the accuracy of information.