Informational
This type of loan uses a customer’s own deposit as collateral.
What is a CD‑secured loan?
The maximum number of U.S. Bank real estate‑secured products per property.
What is two?
These housing types are unacceptable collateral.
What are vacant lots or housing cooperatives?
The minimum FICO required for most HELOC and HELOAN products.
What is 660?
This is calculated by dividing monthly debt by this.
What is gross monthly income?
This stays the same for the life of a fixed‑rate loan
What is the monthly payment?
HELOC and HELOANS must be in one of these lien positions.
What is first or second position?
This property type is unacceptable if it is not owner‑occupied.
What is a rental property?
This type of loan uses a customer’s own deposit as collateral.
What is a CD‑secured loan?
U.S. Bank will generally not approve unsecured lending if a client has more than this many OD or NSF fees in a rolling 12 months.
What is more than 3–4 OD or NSF occurrences?
The length of time the borrower has to repay the loan.
What is the loan term?
This type of property is not allowed for HELOC or HELOAN lending.
What is an investment property?
Two‑to‑four unit homes are acceptable only when this condition is met.
What is owner occupancy?
Three‑ and four‑unit properties require a minimum FICO of this.
What is 680?
Student loans are treated this way even if deferred.
What is included in DTI?
Personal loans differ from lines of credit because funds are not this.
What is reusable/revolving.
A HELOC is not allowed on this type of residence.
What is a second home or vacation home?
What is a home equity installment loan?
Manufactured homes are limited to this type of equity product.
A strong FICO score does not override this internal risk assessment.
What is the credit grade?
NOTE: WE CAN ASK AMIT FOR REVIEW/OPINION
This unresolved issue may require exception approval or decline.
What are charge‑offs or bankruptcies?
Loan requests for purchases, first lien refinances, or vacant lots are referred here.
What is U.S. Home Mortgage?
Properties listed for sale within this timeframe are not eligible for cash‑out.
What is the last 90 days?
What is a property report?
These loans require independent verification of ownership and vesting.
This is an example of why a relook may be appropriate: strong FICO but weak internal risk indicators.
What is a low credit grade despite a high FICO?
Limited history is also known as this.
What is lack of comparable credit?