# Flagstar Bank, N.A.

> **Canonical URL:** https://saferate.com/lenders/flagstar-bank


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Flagstar Bank, N.A. is a bank, headquartered in Hicksville, NY, serving borrowers nationwide, with 23,726 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 60% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 24% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** SS1TRMSN6BRNMOREEV51
- **Headquarters:** Hicksville, NY
- **Geographic Reach:** National
- **States Served:** 51
- **State List:** AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY
- **Markets (MSAs):** 50
- **Primary Channel:** mix
- **Direct Origination:** 27.9%
- **Brokered/Wholesale:** 72.1%

## Safe Rate Ratings

### Pricing: Acceptable 🙂
- Score: 40/100
- Rating: ●●○○○ (2/5)

### Pull Through: Strong 😀
- Score: 76/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.351%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $2,572
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 23,726
- **Dollar Volume:** $7.9 billion
- **Applications Received:** 37,038
- **Market Share:** 67.00%

## Typical Borrower Profile

- **Average Loan Amount:** $332,883
- **Average Borrower Income:** $151,818
- **Average Property Value:** $445,406

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (62%)
- ⭐ **FHA Gold Superstar** (70%)
- ⭐ **VA Gold Superstar** (70%)
- ⭐ **USDA Gold Superstar** (63%)
- ⭐ **Purchase Gold Superstar** (62%)
- ⭐ **Refinance Gold Superstar** (70%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 92/100 | 14,956 | +0.387% | $2,624 | Exceptional 🤩 |
| FHA | 92/100 | 6,096 | +0.406% | $2,628 | Exceptional 🤩 |
| VA | 87/100 | 1,712 | -0.288% | $1,976 | Exceptional 🤩 |
| Jumbo | 87/100 | 547 | +0.580% | $2,300 | Exceptional 🤩 |
| USDA | 94/100 | 415 | +0.459% | $2,121 | Exceptional 🤩 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 12,441 loans, Score: 92/100 (Exceptional)
- Refinance: 2,515 loans, Score: 89/100 (Exceptional)

**FHA:**
- Purchase: 4,792 loans, Score: 92/100 (Exceptional)
- Refinance: 1,304 loans, Score: 88/100 (Exceptional)

**VA:**
- Purchase: 1,392 loans, Score: 86/100 (Exceptional)
- Refinance: 320 loans, Score: 86/100 (Exceptional)

**Jumbo:**
- Purchase: 464 loans, Score: 87/100 (Exceptional)
- Refinance: 83 loans, Score: 85/100 (Exceptional)

**USDA:**
- Purchase: 415 loans, Score: 94/100 (Exceptional)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 93/100 | 19,504 | $6.6B | +0.384% | Exceptional 🤩 |
| Refinance | 88/100 | 4,222 | $1.3B | +0.202% | Exceptional 🤩 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| MI | 2,869 | 2.53% | 88/100 |
| FL | 2,796 | 0.96% | 82/100 |
| TX | 2,694 | 0.77% | 84/100 |
| CA | 2,514 | 0.88% | 81/100 |
| GA | 1,161 | 0.84% | 80/100 |
| AZ | 823 | 0.83% | 77/100 |
| PA | 756 | 0.62% | 77/100 |
| IL | 704 | 0.56% | 76/100 |
| MO | 646 | 0.86% | 74/100 |
| OH | 642 | 0.48% | 73/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 3,521 | 85/100 |
| Houston | TX | 1,033 | 83/100 |
| Warren | MI | 926 | 84/100 |
| Detroit | MI | 621 | 85/100 |
| Riverside | CA | 491 | 76/100 |
| Phoenix | AZ | 469 | 73/100 |
| Chicago | IL | 460 | 74/100 |
| Los Angeles | CA | 435 | 75/100 |
| New York | NY-NJ | 364 | 73/100 |
| Lansing | MI | 345 | 85/100 |
| Minneapolis | MN-WI | 325 | 71/100 |
| Orlando | FL | 324 | 74/100 |
| Dallas | TX | 323 | 71/100 |
| Atlanta | GA | 319 | 71/100 |
| Miami | FL | 288 | 74/100 |

## Where This Lender Ranks

Flagstar Bank, N.A. appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Detroit for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/detroit/best-mortgage-lenders/banks/va-loans)
- 🥇 **#1** in Lansing for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/lansing/best-mortgage-lenders/banks/va-loans)
- 🥇 **#1** in Kansas City, MO for USDA Loans (Banks)
  - [View Full Rankings](https://saferate.com/kansas-city-mo/best-mortgage-lenders/banks/usda-loans)
- 🥇 **#1** in West Palm Beach for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/west-palm-beach/best-mortgage-lenders/banks/va-loans)
- 🥇 **#1** in Fort Lauderdale for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/fort-lauderdale/best-mortgage-lenders/banks/va-loans)
- 🥇 **#1** in Albany, GA for FHA Loans
  - [View Full Rankings](https://saferate.com/albany-ga/best-mortgage-lenders/fha-loans)
- 🥇 **#1** in Albany, GA for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/albany-ga/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in Albany, GA for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/albany-ga/best-mortgage-lenders/banks/va-loans)
- 🥇 **#1** in Albany, GA for USDA Loans
  - [View Full Rankings](https://saferate.com/albany-ga/best-mortgage-lenders/usda-loans)
- 🥇 **#1** in Albany, GA for USDA Loans (Banks)
  - [View Full Rankings](https://saferate.com/albany-ga/best-mortgage-lenders/banks/usda-loans)
- 🥇 **#1** in Lake Havasu City for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/lake-havasu-city/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in Lake Havasu City for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/lake-havasu-city/best-mortgage-lenders/banks/va-loans)
- 🥇 **#1** in Port St. Lucie, FL for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/port-st-lucie-fl/best-mortgage-lenders/banks/va-loans)
- 🥇 **#1** in Cape Coral for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/cape-coral/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in Cape Coral for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/cape-coral/best-mortgage-lenders/banks/va-loans)
- 🥇 **#1** in Altoona, PA for VA Loans
  - [View Full Rankings](https://saferate.com/altoona-pa/best-mortgage-lenders/va-loans)
- 🥇 **#1** in Altoona, PA for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/altoona-pa/best-mortgage-lenders/banks/va-loans)
- 🥇 **#1** in Laredo, TX for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/laredo-tx/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in Tucson, AZ for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/tucson-az/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in Ocala, FL for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/ocala-fl/best-mortgage-lenders/banks/fha-loans)

## Frequently Asked Questions

### What loan types does Flagstar Bank, N.A. offer?

Flagstar Bank, N.A. offers the following mortgage loan types: FHA, Conventional, VA, Jumbo, USDA. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Flagstar Bank, N.A. offer mortgages?

Flagstar Bank, N.A. is a national lender offering mortgages in all 50 states plus Washington D.C.

### How competitive are Flagstar Bank, N.A.'s mortgage rates?

Flagstar Bank, N.A. has a pricing score of 40/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.351% above market average.

### What type of lender is Flagstar Bank, N.A.?

Flagstar Bank, N.A. is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Hicksville, NY.

### What is Flagstar Bank, N.A.'s loan approval success rate?

Flagstar Bank, N.A. has a pull-through score of 76/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/flagstar-bank

### How to Cite

> "Flagstar Bank, N.A. Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/flagstar-bank

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