Loans
Learn to apply easily for the Flagstar Bank Mortgage
Are you ready to apply for your mortgage through Flagstar Bank? Great! Enjoy low minimum down payments and fast process!
Advertisement
Flagstar Bank Mortgage: Quick, easy, and transparent online application
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!
Online application
If you choose to apply for a Flagstar Bank Mortgage online, here’s what you’ll need to do:
You will be redirected to another website
By submitting this form, I agree that I am 18+ years old and I agree to the Privacy Policy and Terms and Conditions. I also provide my signature giving express consent to receive marketing communications via automated emails, SMS or MMS text messages and other forms of communication regarding financial products such as credit card and loans. Message frequency varies and represents our good faith effort to reach you regarding your inquiry. Message and data rates may apply. Text HELP for help or text STOP to cancel. I understand that my consent to receive communications is not a condition of purchase and I may revoke my consent at any time.
1. Gather your documents
The first step in applying for a Flagstar Bank mortgage is gathering all the necessary documents. Thus, it includes:
- Proof of income;
- Tax returns;
- Bank statements;
- And other financial documents that will be used to verify your information.
Additionally, it’s important to have proof of ownership (deed or title) and property insurance documentation handy if you purchase an existing home.
2. Fill out the application
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.
3. Send in your application
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.
Requirements
Make sure you fit the following requirements to apply for a Flagstar Bank mortgage:
- The minimum credit score required for your mortgage;
- The down payment (which ranges from 0% to 3,5%).
Apply using the app
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:
- Make payment;
- See your mortgage status;
- View interest rates.
Flagstar Bank Mortgage vs. PNC Bank Mortgage: which one is the best?
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!
Flagstar Bank Mortgage | PNC Bank Mortgage | |
Credit Score | Conventional loans: 620; Jumbo loans: 700; FHA loans: 580; VA Loans: 660; | 620 or higher; |
Loans Offered | Refinance, Purchase, Jumbo, Home Equity, Fixed, Adjustable, USDA, VA, FHA; | Purchase, Refinance, Home Equity, Jumbo, Fixed, Adjustable, FHA, VA, USDA; |
Minimum Down Payment | 0% to 3%; | 3%; |
APR | Variable, depending on loan type; | The APR varies according to the loan amount and terms; |
Terms | 15 or 30 years. | 10 to 30 years. |
Apply for a PNC Bank Mortgage in no time with our instructions below. Then read on to learn more!
How to apply for PNC Bank Mortgage
Are you looking to apply for a PNC Bank Mortgage? Check out our easy online application process – find out how to get started here.
About the author / Suzana Brito
Trending Topics
NetCredit Personal Loan review: how does it work and is it good?
Is a loan for bad credit for anyone? That's what we'll discuss in this NetCredit Personal Loan review. Enjoy free financial education!
Keep ReadingGemini Credit Card® review: Earn crypto on your purchases
Love crypto? Get a Gemini Credit Card® review with pros and cons! Pay no annual fee and earn crypto on every purchase!
Keep ReadingCashUSA.com review: how does it work and is it good?
Read our CashUSA.com review and discover how to get the money you need fast! Connect with several lenders and borrow up to $10,000 fast!
Keep ReadingYou may also like
High-yield savings vs. money market: find the best account for you
High-yield savings or money market? Find out the pros and cons and which account is best for saving your money. Keep reading!
Keep ReadingIs The Mad Capitalist safe?
The Mad Capitalist is a content and education company that provides information about financial products and services - with safety in first!
Keep ReadingWells Fargo Autograph℠ Card application: how does it work?
Learn how to apply for the Wells Fargo Autograph℠ Card. Enjoy cash back reward and welcome bonus! Read on for more!
Keep Reading