Community Lending and Home Loan Programs

¹Purchase or purchase with renovation on owner occupied residences only; this includes 1–2-unit, condo, and planned unit development. Co-op properties are for purchase only in the following five boroughs of New York: Bronx, Brooklyn, Manhattan, Queens, and Staten Island. Co-op properties are not eligible with renovation products. Geographic restrictions and income limits apply. Property must be located in a low or moderate census tract in the Flagstar Bank, CRA assessment area and borrower(s) must meet low-moderate income requirements. Annual income limits and loan amount limits may vary by state and county. Homebuyer education required and Rehab education may be required.

Available for property in these counties: Arizona: Maricopa and Yavapai. California: Alameda, Contra Costa, Los Angeles, Marin, Orange, Riverside, San Bernardino, San Francisco, San Mateo, and Santa Clara. Connecticut: Fairfield. Florida: Broward, Collier, Lee, Martin, Miami-Dade, Palm Beach, and St Lucie. Indiana: Adams, Allen, DeKalb, Elkhart, Fulton, Huntington, LaPorte, LaGrange, Miami, Rush, St Joseph, Steuben, Wabash, Wells and White. Michigan: Berrien, Branch, Calhoun, Delta, Dickinson, Eaton, Genesee, Gogebic, Hillsdale, Houghton, Ingham, Iron, Jackson, Kalamazoo, Kent, Livingston, Macomb, Marquette, Menominee, Monroe, Oakland, Ottawa, Schoolcraft, St Joseph, Washtenaw and Wayne. New Jersey: Bergen, Essex, Hudson, Mercer, Middlesex, Monmouth, Morris, Ocean, Passaic, Somerset, and Union. New York: Bronx, Kings, Nassau, New York, Queens, Richmond, Rockland, Suffolk, and Westchester. North Carolina: Durham and Mecklenberg. Ohio: Cuyahoga, Geauga, Lake, Lorain, Medina, Portage, Summit, and Van Wert. Wisconsin: Brown, Kewaunee, and Oconto.

²Purchase or rate/term refinance of a primary residence only. Income limits apply. Homebuyer education may be required. A loan-to-value ratio above 80% may result in a need for mortgage insurance. If mortgage insurance is required, the amount of your payment will increase. Interest on the portion of your loan balance that is greater than the fair market value of the dwelling is not tax deductible for federal income tax purposes. Home Possible and Home Possible Advantage are trademarks of Freddie Mac.

³Freddie Mac and Fannie Mae have adopted a refinance option for loans to borrowers with incomes at or below 100% of area median income and you may be eligible to take advantage of this program. If your mortgage is owned or guaranteed by either Freddie Mac or Fannie Mae, you may be eligible to refinance under this refinance option. Primary 1-unit residences only. Programs subject to change without notice. [RefiNow™ or Refi Possible®] option may only be used one time. RefiNow℠ is a trademark of Fannie Mae (or Refi Possible® is a registered trademark with Freddie Mac). You can determine whether your mortgage is owned by either Freddie Mac or Fannie Mae by checking the following websites:

Freddie Mac - https://sf.freddiemac.com/working-with-us/affordable-lending/home-possible-eligibility-map

Fannie Mae - https://www.knowyouroptions.com/loanlookup

⁴Borrower(s) must meet the program criteria for first-time homebuyer(s). Down payment and closing cost assistance for owner-occupied, primary residence only. Minimum credit score, debt-to-income (DTI) requirements, annual income limits, and purchase price limits apply. Borrower must contribute a minimum of $1000 of their own funds towards down payment. Homeownership counseling is required. Available for properties located in limited Flagstar Bank, Community Reinvestment Act (CRA) Assessment areas. Target cities eligible for the gift program are subject to change. No repayment of gift funds is required. Gift program funds are limited and may not always be available.

Eligible County Locations: AZ - Maricopa, Yavapai. CA - Alameda, Contra Costa, Los Angeles, Marin, Orange, Riverside, Sacramento, San Bernardino, San Francisco, San Mateo, Santa Clara. CT - Fairfield FL - Broward, Collier, Lee, Martin, Miami-Dade, Palm Beach, St. Lucie . IN - Adams, Allen, DeKalb, Elkhart, Fulton, Huntington, Lagrange, Laporte, Miami, Rush, St. Joseph, Steuben, Wabash, Wells, White MI – Berrien, Branch, Calhoun, Delta, Dickinson, Eaton, Genesee, Gogebic, Hillsdale, Houghton, Ingham, Iron, Jackson, Kalamazoo, Kent, Livingston, Macomb, Marquette, Menominee, Monroe, Oakland, Ottawa, St. Joseph, Schoolcraft, Washtenaw, Wayne. New Jersey - Bergen, Essex, Hudson, Mercer, Middlesex, Monmouth, Morris, Ocean, Passaic, Somerset, Union. NY - Bronx, Kings, Nassau, New York, Queens, Richmond, Rockland, Suffolk, Westchester. NC - Mecklenburg OH - Cuyahoga, Geauga, Lake, Lorain, Medina, Portgage, Summit, VanWert. WI - Brown, Kewaunee, Oconto.

⁵Available to eligible first-time homebuyers statewide and repeat homebuyers. Household income limits apply and can vary depending on family size and property location. Zero-interest, non-amortizing second mortgage loan with no monthly payments: due only upon sale or transfer of the property or if the first mortgage is refinanced or paid in full. Homebuyer education is required. Primary residence only.

⁶Forbes named Flagstar one of its Best Mortgage Lenders for First-Time Homebuyers, 2025.

⁷NerdWallet named Flagstar Best Mortgage Lender Overall, 2024.

⁸Rate 6.375% with an APR of 6.466% as of 6/7/2026 12:20 PM UTC. The APR calculation is based on a 30-year fixed-rate mortgage in the amount of $240,000 for the purchase of a single-family, primary residence with 80% loan-to-value (LTV) or 20% down payment, minimum borrower credit score of 740, and estimated points of 1% of the loan amount, and origination fee of $1,295 with 360 monthly payments in the amount of $1,497. Payment amount does not include taxes and insurance which means your monthly obligation will be greater. Actual payment amount will vary based upon credit history, rates in effect at the time of consummation, LTV and other credit factors. A LTV ratio above 80% may result in a need for mortgage insurance. If mortgage insurance is required, the amount of your payment will increase. The APR is subject to change at any time prior to consummation, and individual APRs may vary for loan purchases and loan refinances due to loan programs being offered, loan volume, or other factors. All borrowers are subject to qualification, underwriting approval, lender terms and conditions. Terms, conditions, and rates are subject to change without notice.