# U.S. Bank National Association

> **Canonical URL:** https://saferate.com/lenders/us-bank-national-association


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


U.S. Bank National Association is a bank, headquartered in Cincinnati, OH, serving borrowers nationwide, with 37,416 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 25% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 29% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 6BYL5QZYBDK8S7L73M02
- **Headquarters:** Cincinnati, OH
- **Geographic Reach:** National
- **States Served:** 51
- **State List:** AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY
- **Markets (MSAs):** 50
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 98.6%
- **Brokered/Wholesale:** 1.4%

## Safe Rate Ratings

### Pricing: Strong 😀
- Score: 75/100
- Rating: ●●●●○ (4/5)

### Pull Through: Strong 😀
- Score: 71/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.033%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $283
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 37,416
- **Dollar Volume:** $22.1 billion
- **Applications Received:** 54,384
- **Market Share:** 105.00%

## Typical Borrower Profile

- **Average Loan Amount:** $591,319
- **Average Borrower Income:** $241,019
- **Average Property Value:** $846,708

## Safe Rate Awards 🏆

- 💎 **Jumbo Diamond Champion** (84%)
- ⭐ **Conventional Gold Superstar** (77%)
- ⭐ **FHA Gold Superstar** (70%)
- ⭐ **VA Gold Superstar** (77%)
- ⭐ **USDA Gold Superstar** (70%)
- ⭐ **Purchase Gold Superstar** (77%)
- ⭐ **Refinance Gold Superstar** (77%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 92/100 | 28,129 | +0.091% | $611 | Exceptional 🤩 |
| FHA | 85/100 | 1,624 | +0.515% | $1,447 | Exceptional 🤩 |
| VA | 85/100 | 1,102 | -0.384% | $1,222 | Exceptional 🤩 |
| Jumbo | 100/100 | 6,468 | -0.327% | $-1,850 | Exceptional 🤩 |
| USDA | 85/100 | 92 | +0.439% | $1,167 | Exceptional 🤩 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 23,107 loans, Score: 92/100 (Exceptional)
- Refinance: 5,022 loans, Score: 90/100 (Exceptional)

**FHA:**
- Purchase: 1,547 loans, Score: 85/100 (Exceptional)
- Refinance: 77 loans, Score: 75/100 (Strong)

**VA:**
- Purchase: 1,023 loans, Score: 85/100 (Exceptional)
- Refinance: 79 loans, Score: 54/100 (Sound)

**Jumbo:**
- Purchase: 4,813 loans, Score: 100/100 (Exceptional)
- Refinance: 1,655 loans, Score: 100/100 (Exceptional)

**USDA:**
- Purchase: 92 loans, Score: 85/100 (Exceptional)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 91/100 | 30,583 | $17.5B | +0.035% | Exceptional 🤩 |
| Refinance | 90/100 | 6,833 | $4.6B | +0.026% | Exceptional 🤩 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| CA | 8,858 | 3.11% | 91/100 |
| IL | 2,055 | 1.65% | 87/100 |
| WA | 1,709 | 2.01% | 89/100 |
| FL | 1,658 | 0.57% | 76/100 |
| OH | 1,603 | 1.19% | 81/100 |
| TX | 1,555 | 0.44% | 77/100 |
| MO | 1,525 | 2.04% | 82/100 |
| MN | 1,505 | 2.33% | 84/100 |
| WI | 1,404 | 2.13% | 86/100 |
| KY | 1,087 | 2.34% | 87/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 4,263 | 85/100 |
| Los Angeles | CA | 1,471 | 88/100 |
| Oakland | CA | 1,413 | 97/100 |
| San Jose | CA | 1,158 | 96/100 |
| Anaheim | CA | 1,093 | 93/100 |
| Chicago | IL | 1,013 | 81/100 |
| Minneapolis | MN-WI | 972 | 81/100 |
| San Diego | CA | 870 | 85/100 |
| New York | NY-NJ | 803 | 82/100 |
| St. Louis, MO | MO-IL | 783 | 85/100 |
| Seattle | WA | 779 | 87/100 |
| Riverside | CA | 677 | 78/100 |
| Dallas | TX | 631 | 78/100 |
| Cincinnati, OH |  | 604 | 86/100 |
| Portland | OR-WA | 587 | 81/100 |

## Where This Lender Ranks

U.S. Bank National Association appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in United States for Conventional Loans
  - [View Full Rankings](https://saferate.com/national/best-mortgage-lenders/conventional-loans)
- 🥇 **#1** in United States for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/national/best-mortgage-lenders/banks/conventional-loans)
- 🥇 **#1** in United States for Jumbo Loans
  - [View Full Rankings](https://saferate.com/national/best-mortgage-lenders/jumbo-loans)
- 🥇 **#1** in United States for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/national/best-mortgage-lenders/banks/jumbo-loans)
- 🥇 **#1** in California Banks
  - [View Full Rankings](https://saferate.com/california/best-mortgage-lenders/banks)
- 🥇 **#1** in California for Conventional Loans
  - [View Full Rankings](https://saferate.com/california/best-mortgage-lenders/conventional-loans)
- 🥇 **#1** in California for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/california/best-mortgage-lenders/banks/conventional-loans)
- 🥇 **#1** in California for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/california/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in California for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/california/best-mortgage-lenders/banks/va-loans)
- 🥇 **#1** in California for Jumbo Loans
  - [View Full Rankings](https://saferate.com/california/best-mortgage-lenders/jumbo-loans)
- 🥇 **#1** in California for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/california/best-mortgage-lenders/banks/jumbo-loans)
- 🥇 **#1** in Illinois for Jumbo Loans
  - [View Full Rankings](https://saferate.com/illinois/best-mortgage-lenders/jumbo-loans)
- 🥇 **#1** in Illinois for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/illinois/best-mortgage-lenders/banks/jumbo-loans)
- 🥇 **#1** in Washington Banks
  - [View Full Rankings](https://saferate.com/washington-state/best-mortgage-lenders/banks)
- 🥇 **#1** in Washington for Conventional Loans
  - [View Full Rankings](https://saferate.com/washington-state/best-mortgage-lenders/conventional-loans)
- 🥇 **#1** in Washington for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/washington-state/best-mortgage-lenders/banks/conventional-loans)
- 🥇 **#1** in Washington for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/washington-state/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in Washington for Jumbo Loans
  - [View Full Rankings](https://saferate.com/washington-state/best-mortgage-lenders/jumbo-loans)
- 🥇 **#1** in Washington for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/washington-state/best-mortgage-lenders/banks/jumbo-loans)
- 🥇 **#1** in Ohio for Jumbo Loans
  - [View Full Rankings](https://saferate.com/ohio/best-mortgage-lenders/jumbo-loans)

## Frequently Asked Questions

### What loan types does U.S. Bank National Association offer?

U.S. Bank National Association offers the following mortgage loan types: FHA, Conventional, VA, Jumbo, USDA. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does U.S. Bank National Association offer mortgages?

U.S. Bank National Association is a national lender offering mortgages in all 50 states plus Washington D.C.

### How competitive are U.S. Bank National Association's mortgage rates?

U.S. Bank National Association has a pricing score of 75/100 (Strong), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.033% above market average.

### What type of lender is U.S. Bank National Association?

U.S. Bank National Association is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Cincinnati, OH.

### What is U.S. Bank National Association's loan approval success rate?

U.S. Bank National Association has a pull-through score of 71/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/us-bank-national-association

### How to Cite

> "U.S. Bank National Association Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/us-bank-national-association

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