Flagstar Bank
Bank/Credit Union
Flagstar Bank is a bank headquartered in Michigan. It is the primary subsidiary of Flagstar Bancorp, Inc., a bank holding company. It is one of the largest residential mortgage services and is on the list of largest banks in the United States. Flagstar Bank’s origins date back to 1987 in Troy, Michigan when it was known as First Security Savings Bank. It was chartered as a federal savings bank in 1987 and adopted its current name in 1996. [ ... flagstar.com ]
First Mortgage Programs Offered by Flagstar Bank
Flagstar Jumbo Express Purchase Loan
Best For: Large Down Payments, Large Loan Amounts, High Credit Scores, Savvy Investors
Flexible jumbo purchase option with 10% down option, flexible qualification guidelines, and lower credit score requirements.
Min. Credit Score
660
Min. Down Payment
10%
Max. Loan Amount
$3,500,000
Flagstar Jumbo Express Rate-and-Term Refinance
Best For: Limited Equity, Large Loan Amounts, Rate Reduction
Fixed rate jumbo mortgage options for loan amounts up to $3.5 million—as little as 15% equity in the home and flexible qualification.
Min. Credit Score
660
Min. Equity
15%
Max. Loan Amount
$3,500,000
Flagstar Jumbo Express Cash-Out Refinance
Best For: Large Loan Amounts, High Credit Scores, Cash-Out
Cash-out jumbo refinance option from Flagstar Bank for loan amounts up to $2 million; max cash-out amount is $750,000.
Min. Credit Score
680
Min. Equity
20%
Max. Loan Amount
$2,000,000
Up to 80% of Value Estimated Cash-Out Opportunity
See If You Qualify for Flagstar Bank Loans
* All content sourced from flagstar.com * ReviewMyMortgage.com Inc. is in no way affiliated with or endorsed by Flagstar Bank or any of its subsidiaries. We are an educational resource website that compiles information on different financing institutions and the loan products they offer in the United States.
Are you a mortgage professional?
Learn about our unique sponsorships, including RMM PROLender, that can take your production to the next level.
Get in Touch