Home Equity Solutions

Get more out of your home.

Consolidate debt. Renovate your kitchen. Pay college expenses. Don’t imagine it; do it with the equity in your home.

Home Equity Solutions

Need money for an unexpected expense?  Whether it’s time for college or a well-earned vacation, a Home Equity Line of Credit could help you get there.

Here’s the loan to tackle those large renovation projects. You receive funds in one lump sum, and then have fixed payments until the loan is paid off.


Which is right for you?

The easiest way to decide between a home equity loan and home equity line of credit is to compare the two. Take a look.

Home Equity Line of Credit

  • Borrow as needed, similar to a credit card
  • Great for periodic expenses—like tuition or emergency funds
  • Multiple draw options (check, online, telephone banking, branch)
  • For residential properties only
  • Available on owner-occupied primary residences and second homes
  • Eligible Flagstar banking customers get the added advantage of a 0.25% rate discount1
  • Interest paid may be tax deductible2

Learn more about a Home Equity Line of Credit

Home Equity Loan

  • Take advantage of the equity in your home
  • Fixed and convenient payments for the life of the loan
  • Receive funds in one lump sum—ideal for large, one-time purchases or expenses
  • Variety of loan terms available
  • For residential properties only
  • Available on owner-occupied primary residences and second homes
  • Interest paid may be tax deductible2

Learn more about a Home Equity Loan


Disclosures

Programs available only to qualified borrowers. Rates and programs subject to change without notice. Borrower must be a minimum of 18 years of age and a US citizen or permanent resident alien. Underwriting terms and conditions apply. Annual Percentage Rates (APRs) are subject to change at any time and individual APRs may vary. A lending expert will review and provide you the terms, conditions, disclosures, and additional details on the interest rates that apply to your individual situation.

1Receive a rate reduction of 0.25% by maintaining any Flagstar personal deposit account.

 

2Please consult your tax advisor for guidance.

 

Fair Lending Statement