Applying for a Smart Refinance is easy. Here’s how it works:

• Apply online, by phone or at any U.S. Bank branch.
• After we have reviewed your application, a U.S. Bank branch officer will ask you to provide income verification and proof of insurance. Depending on your situation, you may be asked to provide additional documents in order to process your application.
• After the required documentation has been received, we will order a property valuation.
• Once your application has received final approval, your U.S. Bank branch officer will call you to schedule a loan closing.
• At the closing, you’ll sign documents to get your loan. Funds will be available after a waiting period of three business days.

Yes. Smart Refinance is a full mortgage (a first lien against your home). At your loan closing, you’ll sign a Mortgage/Deed of Trust, which will be filed with the County Recorder’s Office.

Smart Refinance is a fixed rate loan with terms of up to 20 years. It is not a line of credit.

No, a Smart Refinance cannot be used to purchase your home.

Because a Smart Refinance is a mortgage, typically the interest is tax deductible. Consult your tax advisor regarding tax deductibility.

Yes. If you have the equity in your home, you can consolidate a home equity loan or line of credit into a Smart Refinance for a first lien mortgage loan.

Terms are available up to 20 years.²