Home Loans

Lock in a low rate.

Whether you're a first-time homebuyer, or you know the ropes, Flagstar offers a wide variety of mortgage options. 

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Mortgages

Let's face it. When it comes to mortgages, there are a lot of choices. So, how do you know what's right for you? First things first, sit down with a lending expert to discuss options. Here are six of our most popular home loans to get the conversation started.

30-Year Fixed

The longest fixed term available makes this a popular choice. The interest rate set at closing remains constant.

15-Year Fixed

Great if you are comfortable with a monthly payment that’s typically higher than a longer-term, fixed-rate mortgage.

5/1 Adjustable Rate

The interest rate is fixed over the initial 5-year period, then it adjusts on an annual basis—increasing or decreasing.

FHA 30-Year Fixed

Insured by the Federal Housing Administration, this mortgage offers more flexible qualifying criteria.

VA 30-Year Fixed

Designed specifically for veterans and active-duty personnel, this loan often requires no down payment on new purchases.

Jumbo 30-Year Fixed

A non-conforming mortgage for loan balances up to $2.5 million. Available for either a new purchase or refinance.

 

Mortgage Calculators

Mortgage Information

Learn more about the home buying process. Finding the right home and the right mortgage helps set a solid foundation for successful homeownership. We have the mortgage tools, information, and expertise to help you with the decisions you need to make along the way.

Also Available

Ready for a lower rate or lower monthly payment? Interested in converting to a fixed-rate loan? Refinance today.

Take advantage of the equity in your home to help make larger, significant purchases—like renovations, paying down education expenses, even a vacation.

A mortgage expert will review and provide you the terms, conditions, disclosures, and additional details on the interest rates that apply to your individual situation.

 

1The 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 and fees of 2.5% of the loan amount with 360 monthly payments in the amount of $1,061.03. 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.

 

2The 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 and fees of 2.5% of the loan amount with 180 monthly payments in the amount of $1,614.45. 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.

 

3The APR calculation is based on a 5/1 adjustable-rate mortgage in the amount of $240,000 for the purchase of a single-family, primary residence with 80% loan-to-value or 20% down payment, minimum borrower credit score of 740, and estimated finance charges of 2 points and $1,200. The APR is subject to change at any time and individual APRs may vary for loan purchases and loan refinances due to loan programs being offered, loan volume, or other factors. A mortgage expert will provide you the terms, conditions, disclosures, and additional details on the interest rates that apply to your individual situation.

 

4The APR calculation is based on a FHA 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, and estimated points and fees of 2% of the loan amount plus 2.25% FHA funding fee with 360 payments in the amount of $1,028.10. 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. 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.

 

5APR calculation is based on a VA 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 and fees of 2.5% of the loan amount plus 2.15% VA funding fee with 360 monthly payments in the amount of $1,104.58. 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. 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.

 

6The APR calculation is based on a Jumbo 30-year fixed rate mortgage in the amount of $500,000 for the purchase of a single-family, primary residence with 80% loan-to-value or 20% down payment, minimum borrower credit score of 740, and estimated points and fees of 2.5% of the loan amount with 360 payments of $2,293.00. 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 loan-to-value 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.