U.S. Bank HELOC Review 2027: Rates, Requirements and Limits

U.S. Bank HELOC pros and cons

U.S. Bank HELOC rates

As of September 17, 2026, U.S. Bank listed variable HELOC rates of 6.20% to 11.10% APR. The lowest rate assumes a line of $50,000 or more, a 60% loan-to-value, a FICO score of 730 or higher and autopay from a U.S. Bank checking or savings account. The APR maximum is 18% and the minimum is 3.25%.

That rate date is older than most others on our list, so ask for a current quote. Compare with HELOC rates and today's prime rate.

How U.S. Bank's HELOC works

The draw period is 10 years. During the draw, the minimum payment is 1% or 2% of the balance, or interest only if you qualify. After that you repay principal and interest until the line matures; the repayment length is not published on the pages we read.

The fixed-rate option lets you lock some or all of your balance for up to 20 years, with up to 3 fixed-rate locks active at once. On a primary residence, money is available after the 3-business-day waiting period.

U.S. Bank HELOC requirements

• Credit score: 660 minimum; the lowest rate assumes 730 or higher.
• Combined loan-to-value: not published; the lowest rate assumes 60%.
• Property: rules beyond the primary residence are not published.

U.S. Bank HELOC fees and closing costs

U.S. Bank charges no application fee, and its page says the customer pays no closing costs (initial escrow-related funding costs may apply). There is a $75 annual fee after the first year, waived with a Platinum Checking Package.

If you close the line within 30 months, the early closure fee is 1% of the original line, up to $500. Worked example (our arithmetic): closing a $30,000 line early costs $300, and any line of $50,000 or more hits the $500 cap.

Where U.S. Bank's HELOC is available

U.S. Bank does not offer home equity products in every state. Its page checks your location and shows a message if it does not lend where you are; no state list is published.

U.S. Bank home equity loan

U.S. Bank also offers a fixed-rate home equity loan. It listed 8.05% APR as of October 15, 2026, for a 10-year term on $50,000 to $99,999 with a loan-to-value of 60% or less and autopay. Loans go up to $500,000 with terms up to 30 years. A credit minimum for the loan is not published on the pages we read.

How U.S. Bank compares

The same published facts for U.S. Bank and three lenders worth comparing it with, all checked October 30, 2026.

U.S. Bank compared with similar lenders, October 30, 2026

Lender	Key figure	Min. credit	Line amounts	Review
	APR as low as6.20%	660	$25,000 to $500,000	This review
	Lines up to$1,000,000	660	$25,000 to $1,000,000	Read review of Bank of America
	Intro APR5.74%	Not published	Not published	Read review of PNC Bank
	Lowest APR shown7.30%	640	$15,000 to $400,000	Read review of Figure

• Bank of America: No closing costs and no annual fee, with lines up to $1,000,000 in all 50 states.
• PNC: A 5.74% intro rate for 6 months and fixed-rate locks of 5 to 30 years.
• Figure: A published lowest rate and funding in as few as 5 days.

• All HELOC lenders compared

U.S. Bank HELOC FAQ