Auto Loans
Get on the road for a good rate.
If you’re looking to purchase a new or used car or want to refinance your current loan, the financial craftsmen at Flagstar Bank are ready to work with you. And with quick approvals, you’ll be hitting the road in no time.
FEATURES YOU'LL LOVE:
- Competitive interest rates
- No prepayment penalties
- Loans up to 110% of car value for qualified customers
- Simple loan application
- Low fixed rates
- A variety of terms available on new and used vehicles
- Up to 0.50% rate reduction for qualified customers1
We look forward to helping you finance your vehicle. Here's what you need to qualify:
- Be 18 years or older
- Be a U.S. citizen or permanent resident alien
- Open to Michigan residents only
- Non-individual borrowers are not eligible. Other underwriting conditions may apply.
FAQs
There are two convenient ways to apply:
- Call or visit any Michigan Flagstar branch
- Call (888) 248-6423 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.
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$100 origination fee.
Programs subject to change without notice. Underwriting terms and conditions apply.
1Flagstar deposit account required with recurring ACH loan payment.