![]() ![]() Initial escrow related funding costs may apply. Credit line may be reduced or additional extensions of credit limited if certain circumstances occur.Īn early closure fee of 1% of the original line amount, maximum $500, will apply if the line is paid off and closed within the first 30 months. Interest rates and program terms are subject to change without notice. ![]() Not all loan programs are available in all states for all loan amounts. Loans are subject to credit approval and program guidelines. Interest-only repayment may be unavailable. Repayment options may vary based on credit qualifications. Choosing an interest-only repayment may cause your monthly payment to increase, possibly substantially, once your credit line transitions into the repayment period. The rate will never exceed 18% APR, or applicable state law, or below 3.25% APR. Customers in certain states are eligible to receive the preferred rate without having a U.S. Bank personal checking account. A U.S. Bank personal checking account is required to receive the lowest rate, but is not required for loan approval. Rates may vary due to a change in the Prime Rate, a credit limit below $50,000, a loan-to-value (LTV) above 60% and/or a credit score less than 730. As of February 2, 2023, the variable rate for Home Equity Lines of Credit ranged from 8.80% APR to 12.55% APR. ![]() The APR will vary with Prime Rate (the index) as published in the Wall Street Journal. Home Equity Line of Credit: The Annual Percentage Rate (APR) is variable and is based upon an index plus a margin.
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