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Fixed Rate Mortgages

No surprises here, just peace of mind from consistent monthly payments that fit into your budget. Lock in your great rate today.

We’re here to help every step of the way.

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Ready to apply online?

Start your loan application here. Don't worry—if you get stuck, we're just a phone call away.  

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Speak with a loan advisor.

We'll help you find the right loan, start your application, and answer your questions.

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Find a loan advisor.

Connect with a local expert and meet remotely or at a nearby branch. We'll guide you through the entire home loan process.

It’s our most popular mortgage for a reason

With a fixed interest rate, budgeting is easy because you’ll always know what your monthly payment will be. Plus, you can choose a loan term (how long you will repay your mortgage) that you can pay off quickly or one that keeps payments low and makes homeownership more affordable.

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Fixed interest rate

Lock in a consistent rate that won't change over the life of your loan.

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Consistent monthly payments

The monthly payment for your loan's principal and interest won't change. (If your payment  includes insurance and taxes, your payments can change.)

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Loan terms that work for you

People usually choose 30 or 15 years for a fixed rate mortgage. With terms from 8–40 years, we can help you find the perfect fit for your budget.

Lock in your fixed rate with Flagstar

Let’s find a way for you to buy the home you really want. Many types of mortgages offer fixed interest rates, so you’ll have plenty of options. Depending on your goals, you can opt for a smaller down payment, lower monthly payments, or paying off your loan as fast as possible.

 

Whatever fixed rate loan you choose, you can count on predictable monthly payments from start to finish. 

  • A competitive fixed rate that won't change over the life of the loan
  • Consistent monthly payment that makes budgeting easy
  • No prepayment penalties
  • Simple ways to pay off your loan faster
  • Easy online mortgage application

Available fixed rate mortgages

Because they're so popular, you can get a fixed interest rate on most types of mortgages, including conventional, jumbo, and government-backed loans from the
 U.S. Department of Veterans Affairs (VA), Federal Housing Administration (FHA), and U.S. Department of Agriculture (USDA). That means more opportunities to find the perfect loan for you.

Lower payments

30-Year Fixed Rate1

A longer loan term means lower monthly payments that fit nicely into your budget. This classic loan is a good choice if you plan to stay in your home for many years.

  • Competitive 30-year fixed mortgage rates
  • Predictable monthly payments make budgeting easy
  • Principal and interest payments won’t change over the life of the loan
  • No prepayment penalty

Better rate

15-Year Fixed Rate2

Pay off your loan faster—and spend less on interest—with a shorter loan term. If you can afford a higher monthly payment, this loan could be a smart way to save.

  • 15-year loans often have lower rates than 30-year loans
  • Own your home faster
  • Principal and interest payments won’t change over the life of the loan
  • No prepayment penalty

LOW DOWN PAYMENT

FHA 30-Year Fixed Rate3

FHA loans can be a great fit for first-time homebuyers, buyers with limited cash for a down payment, or borrowers with less-than-perfect credit.

  • Down payment as low as 3.5% of the price of the home
  • Qualify with little to no formal credit history
  • No maximum income limit, just a steady employment history
  • No prepayment penalty
  • Easy online mortgage application

No down payment

VA 30-Year Fixed Rate4

Designed specifically for veterans and active-duty personnel, this loan offers favorable terms and flexible qualified criteria. 

  • Loan amounts up to $4 million
  • No down payment for eligible veterans with full VA entitlement
  • No mortgage insurance required
  • Greater flexibility in qualification standards
  • Refinance with no appraisal and minimal paperwork

Higher Loan Limits

Jumbo 30-Year Fixed Rate5

Whether you’re buying a primary home or vacation home, a jumbo loan is a great way to finance—or refinance—higher-priced properties. 

  • Loan amounts up to $3.5 million on primary residences, up to $3 million on second homes
  • Fixed interest rate for the entire loan term
  • No prepayment penalty
  • First-time homebuyers are welcome
  • Available for home purchase, rate/term refinance, and cash-out refinance

Let’s find the perfect mortgage for you

If you're like most people, buying a home is the largest purchase you'll ever make, but you don't have to go it alone. Talk to the friendly, competent, and trustworthy experts at Flagstar to find a home loan that's right for you. 

Icon of a computer monitor and smart phone

Ready to apply online?

Start your loan application here. Don't worry—if you get stuck, we're just a phone call away.

Icon of a person with a speech bubble in front of them

Speak with a loan advisor.

We'll help you find the right loan, start your application, and answer your questions.

Icon of a person standing next to a map location symbol

Find a loan advisor.

Connect with a local expert and meet remotely or at a nearby branch. We'll guide you through the entire home loan process.

Manage your loan your way with MyLoans®

Sign in to MyLoans anytime to make payments, view your statements, sign up for paperless statements, and more. Everything you need is right at your fingertips. 

Everything you need to know about home loans

Whether you're an expert or a first-timer, find the ins and outs of mortgages here. Learn what it takes to qualify for a loan, discover the different types of mortgages, and finally understand what an escrow account is for. 

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Home loan basics

Learn how mortgages work, the differences between adjustable and fixed interest rates, and more.

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The mortgage process

Get a step-by-step breakdown, from prequalifying to inspections to closing and beyond. 

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Mortgage Loan Calculators

Calculate your house-hunting budget, monthly payments, closing costs, and more.

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Current mortgage rates

View our competitive mortgage rates for all types of home loans.

7th Largest Bank Mortgage Originator

Inside Mortgage Finance, Q3 2023

Why choose Flagstar?

We're an award-winning lender with more than 35 years of experience connecting customers to the right mortgage solution for their needs. With hundreds of conventional, jumbo, and government-backed options available, we'll find the right home loan for you, too. Whether you are buying a new home or ready to refinance, you can trust our simple application and streamlined process to get you to closing on time.

You may also be interested in:

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Adjustable rate mortgages

An adjustable-rate mortgage (ARM) could be the right solution to keep your monthly payment low initially. Find out if an ARM is right for you.

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Government home loans

VA, FHA, and USDA loans can make homeownership possible—and more affordable. Explore the different types of government-backed loans. 

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Jumbo loans

Discover how a jumbo loan can be a smart way to finance higher-priced homes. 

Programs for qualified borrowers. All borrowers are subject to credit approval, underwriting approval, and product requirements, including loan to value, credit score limits, and other lender terms and conditions. Fees and charges may vary by state and are subject to change without notice. Some restrictions may apply. Not a commitment to lend. A loan advisor will review and provide you with the terms, conditions, disclosures, and additional details on the interest rates that apply to your individual situation.

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. Please consult your tax advisor regarding the deductibility of interest. Important information will be provided to you in the disclosures you receive after we have received your application and the loan documents you are provided at loan closing.

1Rate 7.069% with an APR of 7.224% as of 2/28/2024 3:37 PM EST. 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 $1,608. 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.  

2Rate 6.412% with an APR of 6.658% as of 2/28/2024 3:37 PM EST. The APR calculation is based on a 15-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 180 monthly payments in the amount of $2,079. 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.

3Rate 5.946% with an APR of 6.829% as of 2/28/2024 3:37 PM EST. 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 96.5% loan-to-value (LTV) or 3.5% down payment, minimum borrower credit score of 740, estimated points of 1% of the loan amount, and origination fee of $1,295 plus 1.75% FHA funding fee with 360 payments in the amount of $1,456. 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, mortgage insurance premiums, and other credit factors. Program terms available may vary based on the state and county in which the financed property is located. 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, and lender terms and conditions. Terms, conditions, and rates are subject to change without notice.

4Rate 6.039% with an APR of 6.441% as of 2/28/2024 3:37 PM EST . 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 100% loan-to-value (LTV) or 0% down payment, minimum borrower credit score of 740, and estimated points of 1% of the loan amount plus 2.15% VA funding fee with 360 monthly payments in the amount of $1,493. 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. Program terms available may vary based on the state or county in which the financed property is located. 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. For eligible veterans. All borrowers are subject to qualification, underwriting approval, and lender terms and conditions. Terms, conditions, and rates are subject to change without notice.

5Rate ${product.rate}% with an APR of ${product.apr}% as of ${mortgagePricingDate}. The APR calculation is based on a 30-year fixed-rate mortgage in the amount of $600,000 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 $1,445 with 360 monthly payments in the amount of $${product.monthlyPayment}. 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.

Flagstar Bank NMLS# 417490