Car Loans & Financing
An automotive loan from Flagstar Bank can give you financial peace of mind while shopping for your next vehicle.
Get on the road for a good auto loan rate.
If you’re looking to purchase a new or used car or want to refinance your current car loan, the bankers at Flagstar Bank are ready to work with you on creating a solution that meets your needs. Our dedicated team will be with you every step of the way to ensure you’re not only getting a great auto loan rate, but also the right plan for your lifestyle.
Need more help figuring how to finance your next auto purchase? Explore our collection of Auto Finance Calculators.
AUTO LOAN FEATURES YOU'LL LOVE:
- Competitive auto loan rates
- No prepayment penalties
- Loans up to 110% of car value for qualified customers
- Simple application and quick loan decision response time
- Low fixed rates
- A variety of terms available on new and used vehicles
- 0.25% rate reduction for qualified customers1
- 0.25% rate reduction when payments are automatically made from a Flagstar bank deposit account2
We look forward to helping you finance your vehicle.
HERE'S WHAT YOU NEED TO QUALIFY FOR AN AUTOMOTIVE LOAN:
- Be 18 years or older
- Be a U.S. citizen or permanent resident alien
- Available for individual borrowers only. Other restrictions and underwriting conditions may apply
- Open to residents in California, Indiana, Michigan, Ohio and Wisconsin only
Auto Loan FAQs
There are two convenient ways to apply:
- Call or visit any Flagstar branch
- Call 866–970-1691 toll free
Please see NADA Auto Pricing.
Yes. Take advantage of Flagstar's competitive rates and save.
Loans are available for new or used cars, light trucks, SUVs and mini-vans. Used vehicles must be seven model years old or newer. We do not offer auto loans for classic vehicles or tractor-trailers.
- ID Verification
- Income verification
- Signed purchase agreement (if applicable)
- Copy of title (if private seller)
- Proof of insurance
At a local branch. We make it easy to find a branch near you and to schedule an appointment with a Flagstar representative.
The funds will be available at the time of closing.
Please see Privacy Notice.
Ride off into the sunset with your dream car.
You deserve a car loan that makes you want to roll down the windows and sing out loud. The team at Flagstar wants to take you there. Our auto loan application process is simple and easy, and quick approvals will have you hitting the road in no time. Come in and visit us today to see what goes into an expertly designed auto loan.
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$100 origination fee.
Programs subject to change without notice. Underwriting terms and conditions apply.
1Requires a Flagstar checking, savings, CD, or money market account. Must be established and selected before loan approval.
2Subject to loan approval. Automatic payments must be established and elected at the time of application; subject to change at any time.