How to apply for a mortgage from Flagstar Bank? With this guide, we’ll walk through the steps involved in making that dream of homeownership come true.

Find loans for all 50 states and competitive rates. Then let’s see how the application process goes and understand the requirements and competitors. So read on!

If you choose to apply for a Flagstar Bank Mortgage online, here’s what you’ll need to do:

The first step in applying for a Flagstar Bank mortgage is gathering all the necessary documents. Thus, it includes:

Additionally, it’s important to have proof of ownership (deed or title) and property insurance documentation handy if you purchase an existing home.

Secondly, you can find the application on Flagstar Bank’s website.

Furthermore, Flagstar Bank will use your financial information to determine if they can offer you a loan and what interest rate they can give you.

After filling out your application form and gathering all the necessary documents, send everything in for review.

This process generally takes about 48 hours for approval but may take longer, depending on how complicated your loan request is.

Once your loan is approved and finalized, Flagstar Bank will issue a loan in about 35 days.

Make sure you fit the following requirements to apply for a Flagstar Bank mortgage:

The Flagstar Mobile bank app is available for customers to download on iPhones and also Androids.

However, applying for a mortgage is impossible using their app.

Still, you can register at “MyLoans” on their website and then use the app to:

Flagstar Bank Mortgage has competitive rates and offers a variety of loan solutions, while PNC Bank Mortgage also offers competitive rates and similar features.

Thus the main difference between Flagstar Bank and the other mortgage provider is the down payment, anywhere from 0%-3.5%.

However, PNC Bank offers terms of 10 to 30 years and requires a 3% down payment. So check both mortgages at a glance below!

Apply for a PNC Bank Mortgage in no time with our instructions below. Then read on to learn more!