U.S. Bank Mortgage Refinance review

U.S. Bank posted the best price we found for homeowners who cannot join a military credit union. Its refinance page gave a 30-year example at 6.750% with a 6.920% APR on a $405,000 loan, with no discount points and a monthly principal and interest payment of $2,626. That APR includes borrower-paid finance charges of 0.862% of the loan amount. Checking customers can lower costs further: autopay from a U.S. Bank personal checking account earns a client credit of 0.25% of the loan amount, up to $750, deducted from closing costs. Rate tables are updated daily for conventional, adjustable-rate, FHA, VA and jumbo loans and can be filtered by state. The posted rates assume a FICO score of 740 or higher and at least 25% equity for conventional loans, so borrowers with thinner equity will see higher numbers.

Who it is for

U.S. Bank checking customers

Price

30-year example at 6.750% (6.920% APR) with no discount points; up to $750 closing cost credit with autopay.

A $405,000 loan amount with a 30-year term at an interest rate of 6.750% with borrower equity of 25% and no discount points purchased would result in an estimated monthly principal and interest payment of $2,626 over the full term of the loan with an annual percentage rate (APR) of 6.920%.
Quoted from the vendor pricing page on November 13, 2026.

Key features

• 30-year example at 6.750% with a 6.920% APR and no discount points on a $405,000 loan
• Client credit of 0.25% of the loan amount, up to $750, off closing costs with autopay from U.S. Bank checking
• Refinance rate tables updated daily for conventional, adjustable-rate, FHA, VA and jumbo loans
• Rates searchable by state
• Closing cost savings calculator for loans from $1,000 to $3,000,000

Strengths and weaknesses

• Strength: Lowest posted 30-year APR for non-members on this list at 6.920%
• Strength: Its example uses no discount points, so the rate is not bought down
• Strength: Closing cost credit worth up to $750 for checking customers
• Weakness: The $750 credit needs a U.S. Bank checking account and autopay set up before final approval
• Weakness: Rates assume a FICO score of 740 or higher and 25% equity
• Weakness: Finance charges of 0.862% of the loan are built into the APR example

Key facts

• 30-year example: 6.750% rate, 6.920% APR, 0 points
• Monthly payment: $2,626 on $405,000
• Autopay credit: 0.25% of loan, up to $750
• Rate assumptions: FICO 740+, 25% equity

Where it ranks

U.S. Bank Mortgage Refinance is No. 3 in our Best Mortgage Refinance Lenders verdict.