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Boat Loans

Looking to set sail? Whether you're purchasing a new or used boat, Flagstar can help meet all of your boat financing needs.

Embark on your voyage at an amazing rate

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Competitive rates

We offer competitive, fixed rates so the boat you want can fit into your budget. 

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No prepayment penalties

You won't be charged a fee if you pay off your loan early.

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Simple application

Filling out an application with us is quick and easy.

Visit us before you set sail

Make some waves with a boat loan from Flagstar. Our bankers will work with you to help you purchase a new or used watercraft—or even refinance a current boat loan. And with quick approvals and easy boat financing, you may as well visit the branch with your boat shoes on.

  • 100% financing available for qualified customers
  • Competitive, fixed rates
  • A variety of terms available on new and used boats
  • Additional rate discounts may apply. Consult a banker for details.

Here’s what you need to apply

  • Be 18 years or older.
  • Be a U.S. citizen, permanent resident alien, or non-permanent resident alien.
  • Available for consumer borrowers only. Other restrictions and underwriting conditions may apply.
  • Vehicle must be titled in the states of AZ, CA, FL, IN, MI, NJ, NY, OH, or WI.

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Home Equity Solutions

With a home equity line or credit or loan, you can access funds to help pay for big projects or unforeseen circumstances.

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Flagstar Visa® Credit Cards

Choose a credit card with the perks you want, like cash back, rewards, bonuses, and more.

$100 origination fee.


Flagstar Boat Loan is a fixed-rate loan with varied repayment terms dependent upon loan type. Actual annual percentage rate (APR) calculation will vary based on borrower credit qualification, rates in effect at the time of consummation, loan amount, and other factors and may be higher than the lowest rate/APR available. Interest rate discount of 0.25% available with monthly automatic payment (ACH) established and elected at the time of application, to be paid from a borrower's Flagstar Bank Deposit Account. Current APR is subject to change prior to consummation. A processing fee of $100 is required and may be deducted from loan proceeds. Borrower will make monthly principal and interest payments. Not a commitment to lend. Programs available only to qualified borrowers. Subject to credit approval, underwriting approval, and lender terms and conditions. Rates and programs subject to change without notice. Some restrictions may apply.