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U.S. Bank Home Equity Loan Review 2026

Item: U.S. Bank
Rating: 4.5

Last updated on May 11, 2026

Written by

Abby Badach Doyle

Lead Writer & Content Strategist

Edited by

Dawnielle Robinson-Walker

Editor & Content Strategist

Fact Checked

Co-written by

Chris Jennings

Contributing Editor

Written by

Abby Badach Doyle

Lead Writer & Content Strategist

Co-written by

Chris Jennings

Contributing Editor

Edited by

Dawnielle Robinson-Walker

Editor & Content Strategist

Fact Checked

Many or all of the products on this page are from partners who compensate us when you click to or take an action on their website, but this does not influence our evaluations or ratings. Our opinions are our own.

Why trust NerdWallet

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Governed by NerdWallet's strict guidelines for editorial integrity.

NerdWallet's mortgage content, including articles, reviews and recommendations, is produced by a team of writers and editors who specialize in home lending. Their work has appeared in The Associated Press, USA Today, The Washington Post, MarketWatch, Newsweek and many other national, regional and local publications. They have been cited in publications including The Wall Street Journal, and appeared on NerdWallet's "Smart Money" podcast as well as local TV and radio.

Our Take

4.5

Home equity loans

NerdWallet rating

The Nerdy headline:

U.S. Bank makes it easy to shop for rates and apply online for a home equity loan. No closing costs are another perk. Its maximum term length is 30 years, longer than many lenders. However, its 80% loan-to-value borrowing limit is on the low side. Home equity loans are available in most states except Delaware, South Carolina and Texas.

Jump to:Full Review

U.S. Bank: NMLS#402761

Max LTV

80%

Min. credit score

660

Loan types and products

Purchase, Refinance, Home Equity, Jumbo, Fixed, Adjustable, FHA, VA, USDA

Pros

Easy to customize a rate and apply online.
Loan terms available up to 30 years.
No closing costs.

Cons

Maximum loan amount is 80% of home equity.
Not available in Delaware, South Carolina or Texas.
Average closing time of 31 days is longer than many competitors.

Full Review

💲U.S. Bank home equity loan rates

Home equity loan rates tend to move with the federal funds rate, which is set by the Federal Reserve. In addition to market factors, your home equity loan rate offers will be determined by your financial profile, including your credit score and income.

You can customize a home equity loan rate based on your location on the U.S. Bank website.

👍 Reasons to get a U.S. Bank home equity loan

If you prefer to manage your finances online, U.S. Bank makes it convenient to shop for home equity rates and apply for a loan online. Its mobile app has strong ratings, too.

U.S. Bank offers five term lengths for home equity loans: 5, 10, 15, 20, and 30 years. That’s a wide variety of term options, and 30 years is longer than what’s available at many lenders.

» MORE: Best home equity loan lenders

🤔 Reasons why U.S. Bank’s home equity loan gives us pause

U.S. Bank sets its maximum loan amount at 80% of your home’s value, which is lower than most lenders. We’d also prefer to see a little more product information on the U.S. Bank website. Home equity loans are not available for second homes or investment properties.

The lender also takes an average of 31 days to close its home equity loans. (The average time to close a home equity loan is 20 days, according to lenders surveyed by NerdWallet.)

Home equity loans from U.S. Bank are not available for properties located in Delaware, South Carolina or Texas.

📎 Ways to apply for a U.S. Bank home equity loan

How to Apply	Availability
Online 🧑‍💻	✅
Over the phone 📞	✅
Mobile app 📶	🚫
In person 🏦	✅

You can contact U.S. Bank customer service over the phone or at a branch. You can also schedule an appointment for an in-person, phone or virtual meeting.

» MORE: What you need to apply for a mortgage

🛒 Alternatives to a U.S. Bank home equity loan

Wondering if another lender or product might be a better fit? It’s worth it to shop around to learn more about your options.

If you want a lender with a convenient digital experience, SoFi also lets you customize home equity rates by location on its website. For another lender offering long term lengths, PrimeLending offers 20- and 30-year terms.

If you want to access more than 80% of your equity, consider Better. It offers a maximum combined loan-to-value ratio (LTV) of 90%.

» MORE: Check out NerdWallet’s review of U.S. Bank mortgages

A home equity loan isn’t your only option

You can also explore products outside of home equity loans. Alternatives to home equity loans include a HELOC, which you can draw from as needed, or a cash-out refinance, which replaces your existing mortgage with a larger loan.

» MORE: HELOC, home equity loan, and cash-out refinance, compared

Borrow from your home’s equity

Find the best lender

Best mortgage lenders Best lenders for first-timers Find the best mortgage rate How much house can I afford?

Methodology

NerdWallet rates home equity loan lenders based on what matters most to borrowers: home equity loan rates and fees, how much of a lender’s business is dedicated to home equity loans, home equity loan market share, product accessibility, loan terms, borrowing limits, closing costs, customer experience and rate transparency.

We review more than 40 lenders and score home equity loan lenders using a weighted system that prioritizes affordability, flexibility and a smooth borrowing experience. Lenders earn higher scores for offering lower borrowing costs, higher combined loan-to-value (CLTV) limits, manageable closing costs, flexible repayment terms, faster closing times and clear, accessible rate information, along with strong customer support throughout the process.

We use a mix of lender-provided information, publicly available data and our own analysis to evaluate each lender. Recent regulatory actions may affect a lender’s score.

About the authors

Abby Badach Doyle

Lead Writer & Content Strategist

Abby Badach Doyle is a home and mortgages writer for NerdWallet. Her work has been featured in outlets such as The Associated Press and The Washington Post. She is passionate about making homebuying less stressful — especially for first-time buyers. Abby is based in Pittsburgh, a city known for its neighborly spirit.

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Chris Jennings

Contributing Editor

Chris Jennings is a NerdWallet editor specializing in home lending topics. He has been writing and editing about mortgages and personal finance since 2016. He enjoys simplifying complex mortgage topics for first-time homebuyers and homeowners alike. Before joining NerdWallet, he wrote and edited content for a number of respected finance brands, including Bankrate, Forbes Advisor, and GOBankingRates. Born and raised in the Chicago suburbs, Chris now calls Los Angeles home, where he lives with his wife and their dog.

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About the editor

Dawnielle Robinson-Walker

Editor & Content Strategist

Dawnielle Robinson-Walker spent 16 years as a college English instructor, teaching creative writing and African-American literature before she began writing and editing for various companies and online publications. Prior to joining NerdWallet, she was an editor at Hallmark Cards and a contributing writer at Forbes Health.

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