US Bank Mortgage Review

U.S. Bank is somewhat of a paradox. It can process loans for all 50 states, offering very competitive interest rates and reasonable processing fees, but, if you want to talk to a loan officer in person, you have to cross your fingers and hope that the company is present in your area.

Pros

U.S. Bank offers fixed-rate or an adjustable-rate mortgages, as well as construction loans, making it one of the few mortgage lenders that offer this type of loans. Its fees can be steep, but its interest rates are lower than the industry average. Additionally, it does not charge application fees.
U.S. Bank members can get even lower rates with specific checking accounts. The fees charged for this service are average for the industry. They are paid during closing along with the appraisal and title fees from other institutions.

Cons

Although the company can process loans for all 50 states, it only has 28 branches nationwide. This means that there’s a big chance that you can get in touch with one of their loan officers either by phone or by submitting your email address and then waiting for them to reach out to you. Additionally, U.S. Bank does not service loans for Washington, DC.