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Home Equity Line of Credit

A Home Equity Line of Credit (HELOC) gives you the ability to borrow funds on an as-needed basis and lock in rates on all or part of your current balance. You’ll also enjoy competitive interest rates, no closing costs, low monthly payments and potential tax advantages.

The Smart Choice for Financing

Competitive interest rates with no closing costs
Low monthly payments and fixed rate option on balances
Potential tax advantages

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Interest Rates

Variable rates as low as 3.99% APR.¹ View Rates
Contact your banker to see if there are any special offers in your area.

Access to Funds

Funds are available on the fourth business day after your loan documents are signed.
Access available funds on an as-needed basis without having to re-apply.
Transfer funds 24/7 using Internet Banking.
Additional forms of funds transfer include check, telephone transfer, EquiLine Visa® Gold Access Card, or any U.S. Bank branch or ATM.

Terms

25 years (15-year draw period and 10-year repayment period).¹

Flexible Payment Options

Variable rate with Fixed-Rate Option.
The Fixed-Rate Option lets you lock in all or any part of your variable balance with a fixed rate at any time. You can use up to three fixed-rate options at one time.¹
Other payment options include interest-only.

Fees and Costs

No application fees to open your account.
No closing costs.

Other Ways to Borrow

Prefer the security of a fixed rate and fixed monthly payment? Consider a Home Equity Installment Loan.
If you owe less than $150,000 on your mortgage, a U.S. Bank Smart Refinance features no costs, an easy application process, flexible terms and potential tax advantages.
Tap into the equity in your home and get cash at closing with a Cash-Out Refinance.
Compare Home Equity Loans And Lines.