Home Equity Loan

Cross the “to-do” list off your list.

The equity you've built up in your home could be the answer to financing your next big project.


Home Equity Loan

Need money for home renovations or to cover unexpected expenses? The answer might be closer than you think. With a home equity loan, you receive the funds in one lump sum—meaning you can pay off contractors or major expenses as they arise.

 

Features of a home equity loan:

  • Fixed payments for the life of the loan
  • Variety of loan terms available
  • For residential properties only
  • Available on owner-occupied primary residences and second homes
  • Eligible Flagstar banking customers get the added advantage of up to 0.25% rate discount1
  • Interest may be tax deductible2

Contact your local branch to apply for more information.

 

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

 

2Please consult your tax advisor for guidance.

 

Some restrictions may apply. All borrowers subject to credit approval.

 

Programs subject to change without notice. Underwriting terms and conditions apply.

 

Fair Lending Statement