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Relationship-based pricing is our way of thanking you for trusting Flagstar with your finances. And because your home is one of the biggest purchases you’ll ever make, we know that a discounted rate on your mortgage could save you thousands of dollars over the life of the loan.
In short: the more Flagstar deposit accounts you own, the more opportunities you’ll have to save on a Flagstar home mortgage.
Receive a reduced rate based on new money added to your account balance—as a percentage of the loan—in a qualifying Flagstar account.
Receive an additional 0.125% discount when you set up automatic ACH transfers from your Flagstar deposit account to a Flagstar loan.
A 0.875% discount on an $1,000,000 mortgage could yield significant savings over the life of the loan. Your savings will vary based on your loan size and deposit amounts.
Personal checking balance
$100,000
Business checking balance
$250,000
ACH transfer turned on
Yes
Personal checking account discount
Balance is 10% of loan amount
0.250%
Business checking account discount
Balance is 25% of loan amount
0.500%
ACH transfer turned on discount
0.125%
These Flagstar deposit accounts are eligible for relationship pricing:
The following mortgage products are available to borrowers with eligible funds on deposit with Flagstar:
| Account type | Required amount (% of mortgage/HELOC loan amount)* New Money Only |
Interest-only ARM | One-close construction ARM | Fully amortizing ARM | PCG HELOC Margin Discount |
|---|---|---|---|---|---|
| Personal Checking / Business Checking | 10% in checking | -0.250% | -0.250% | -0.125% | -0.250% |
| 15% in checking | -0.375% | -0.375% | -0.250% | -0.375% | |
| 25% in checking | -0.500% | -0.500% | -0.375% | -0.500% | |
| 35% in checking | -0.625% | -0.750% | n/a | -0.625% | |
| 100% in checking | -0.750% | -1.000% | n/a | -1.000% | |
| Money Market | 10% in money market | -0.100% | -0.100% | -0.100% | -0.100% |
| 15% in money market | -0.150% | -0.150% | -0.150% | -0.150% | |
| 20% in money market | -0.200% | -0.200% | -0.200% | -0.200% | |
| Maximum Combined Discount | -0.875% | -1.125% | -0.500% | -1.000% |
The rate discounts from checking and money market accounts can be stacked, with an additional core relationship discount of 0.125% for setting up automatic ACH transfers from your eligible Flagstar checking account to a qualifying loan product. Subject to max combined discount.
For the latest rate discounts and your specific savings, please consult with a Flagstar loan advisor.
Relationship pricing discounts are available only for the mortgage products listed above and only for new eligible funds deposited with Flagstar. In order to constitute new money and qualify for relationship pricing, new funds must be deposited in qualifying Flagstar deposit accounts no more than 30 days before the borrower’s loan application and remain in the account at the time the discount is applied. To be eligible for this product, borrowers must meet minimum depository requirements with Flagstar Bank. The minimum required relationship is 10% of the loan amount deposited in either personal, business or money market accounts. Assets may be new deposits received, or existing funds currently held in an eligible account. To qualify for Mortgage-Based Relationship Pricing, only new funds in an eligible account may be used to mee the minimum depository requirements. Minimum qualifying balances for product and pricing eligibility must be met.
Additional Terms and Conditions Relationship based pricing discounts cannot be combined with other offers and incentives. Discounts can only be applied prior to loan closing and are subject to account and balance validation by Flagstar. Discounts are subject to change without notice. Flagstar reserves the right to suspend, change and terminate the offers and promotion. This is not a commitment to lend. All loans are subject to credit and property approval. Certain restrictions may apply on all loan products and programs. Terms and conditions apply to all accounts.
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.
Not all account types are eligible for relationship pricing discounts. Consult your Flagstar loan advisor for up-to-date information on eligible accounts.
The Flagstar Home Equity Line of Credit (HELOC) is a revolving line of credit secured by a residential home or modular home. The Annual Percentage Rate is variable and will increase or decrease based on adjustments to the Wall Street Journal Prime Rate Index, which could change multiple times during the life of the loan. HELOCs are available in all 50 states and the District of Columbia. 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.
Flagstar Bank NMLS# 417490