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Bring your homeownership dreams closer to reality.

The Flagstar Gift Program1 can lower the cost of a home for qualified first-time buyers.

With this exclusive Flagstar program, qualified first-time buyers can receive up to 3% or $7,500 toward a down payment or closing costs with no obligation to repay. Eligible buyers in selected counties in Arizona, California, Florida, New Jersey and New York can receive up to $15,000.2

 

Owning a home offers peace of mind and builds personal wealth that you can pass on to the next generation.

 

Talk to a loan advisor today and see if you qualify.

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Programs for qualified borrowers. All borrowers are subject to credit approval, underwriting approval, and lender terms and conditions. Programs are subject to change without notice. Some restrictions may apply. This is 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.

Homeownership education may be required for some products.

1Borrower(s) must meet the program criteria for first-time homebuyer(s). Down payment and closing cost assistance for owner-occupied, primary residence only. Minimum credit score, debt-to-income (DTI) requirements, annual income limits, and purchase price limits apply. Borrower must contribute a minimum of $1000 of their own funds towards down payment. Homeownership counseling is required. Available for properties located in limited Flagstar Bank, Community Reinvestment Act (CRA) Assessment areas. Target cities eligible for the gift program are subject to change. No repayment of gift funds is required. Gift program funds are limited and may not always be available.

Eligible County Locations: AZ - Maricopa, Yavapai. CA - Alameda, Contra Costa, Los Angeles, Marin, Orange, Riverside, Sacramento, San Bernardino, San Francisco, San Mateo, Santa Clara. CT - Fairfield FL - Broward, Collier, Lee, Martin, Miami-Dade, Palm Beach, St. Lucie . IN - Adams, Allen, DeKalb, Elkhart, Fulton, Huntington, Lagrange, Laporte, Miami, Rush, St. Joseph, Steuben, Wabash, Wells, White MI – Berrien, Branch, Calhoun, Delta, Dickinson, Eaton, Genesee, Gogebic, Hillsdale, Houghton, Ingham, Iron, Jackson, Kalamazoo, Kent, Livingston, Macomb, Marquette, Menominee, Monroe, Oakland, Ottawa, St. Joseph, Schoolcraft, Washtenaw, Wayne. NV - Washoe New Jersey - Bergen, Essex, Hudson, Mercer, Middlesex, Monmouth, Morris, Ocean, Passaic, Somerset, Union. NY - Bronx, Kings, Nassau, New York, Queens, Richmond, Rockland, Suffolk, Westchester. NC - Mecklenburg OH - Cuyahoga, Geauga, Lake, Lorain, Medina, Portgage, Summit, Van Wert. WI - Brown, Kewaunee, Oconto.

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.

Important information will be provided to you in the disclosures you receive after we have received your application and the loan documents you are provided at loan closing.

2Borrower(s) must meet the program criteria for first-time home buyer(s). Down payment and closing cost assistance for owner-occupied, primary residence only. Borrower must contribute a minimum of $1,000 of their own funds towards down payment. Homeownership counseling is required. Available for properties located in limited Flagstar Bank Community Reinvestment Act (CRA) Assessment areas. Target cities eligible for the gift program are subject to change. No repayment of gift funds is required. Gift program funds are limited and may not always be available. 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-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. Important information will be provided to you in the disclosures you receive after we have received your application and the loan documents you are provided at loan closing. Minimum credit score, debt-to-income (DTI) requirements, annual income limits, and purchase price limits apply.

Eligible County Locations: AZ - Maricopa, Yavapai. CA - Alameda, Contra Costa, Los Angeles, Marin, Orange, Riverside, Sacramento, San Bernardino, San Francisco, San Mateo, Santa Clara. CT - Fairfield FL - Broward, Collier, Lee, Martin, Miami-Dade, Palm Beach, St. Lucie . IN - Adams, Allen, DeKalb, Elkhart, Fulton, Huntington, Lagrange, Laporte, Miami, Rush, St. Joseph, Steuben, Wabash, Wells, White MI – Berrien, Branch, Calhoun, Delta, Dickinson, Eaton, Genesee, Gogebic, Hillsdale, Houghton, Ingham, Iron, Jackson, Kalamazoo, Kent, Livingston, Macomb, Marquette, Menominee, Monroe, Oakland, Ottawa, St. Joseph, Schoolcraft, Washtenaw, Wayne. NV - Washoe New Jersey - Bergen, Essex, Hudson, Mercer, Middlesex, Monmouth, Morris, Ocean, Passaic, Somerset, Union. NY - Bronx, Kings, Nassau, New York, Queens, Richmond, Rockland, Suffolk, Westchester. NC - Mecklenburg OH - Cuyahoga, Geauga, Lake, Lorain, Medina, Portgage, Summit, VanWert. WI - Brown, Kewaunee, Oconto.

CONSIDERATIONS: 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. Important information will be provided to you in the disclosures you receive after we have received your application and the loan documents you are provided at loan closing.

Flagstar Bank NMLS# 417490

Flagstar Bank, 102 Duffy Avenue Hicksville, New York 11801