What loan types does Flagstar Bank offer?

Flagstar Bank offers the following mortgage loan types: FHA, Conventional, VA, Jumbo, usda. Each product has its own pricing score and performance metrics.

Where does Flagstar Bank offer mortgages?

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

How competitive are Flagstar Bank's mortgage rates?

Flagstar Bank has an overall pricing score of 39.6/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is Flagstar Bank?

Flagstar Bank is a Bank headquartered in Hicksville, NY.

Unclaimed

Flagstar Bank

Bank•Hicksville, NYHQ•Direct & Wholesale•Reviews near you on Google

Flagstar Bank's 23.7k closed loans and 37k applications, benchmarked against peer lenders across the 5 Ps of Mortgage Shopping.

Ratings· each scored 1–5 against peer lenders

Pricing

Acceptable

2/5

vs. all lenders

Pull-through

Strong

4/5

closing strength

Product

Exceptional

5/5

FHA · Conventional · VA · Jumbo · USDA

Place

Strong

4/5

National · 49 mkts

Awards

Conventional

Superstar

FHA

Superstar

USDA

Superstar

Purchase

Superstar

Refinance

Superstar

Summary

What They Do Well

Strong pull through performance
High volume lender with significant market experience
Particularly strong in Conventional and FHA and VA and Jumbo and USDA loans
Nationwide availability with consistent service

Things to Think About

Pricing may be below industry average

Explore another lender or local market

Report Card

Flagstar Bank performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Acceptable

+35.1 bps above market avg

Pull Through

Closing strength

Strong

Top 40% of lenders

By Loan Product· Specialization by type

Conventional

Exceptional

Top 10% of lenders

FHA

Exceptional

Top 10% of lenders

Exceptional

Top 20% of lenders

Jumbo

Exceptional

Top 20% of lenders

USDA

Exceptional

Top 10% of lenders

By Loan Purpose· Transaction purpose mix

Purchase

Exceptional

Top 10% of lenders

Refinance

Exceptional

Top 20% of lenders

By Location· Geographic coverage

Geographic Reach

National · 50 markets

Strong

Top 40% of lenders

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Strong	Exceptional	Acceptable	Strong	14,956	63.0%	+0.387%Above	$2,624Fees
FHA Loans	Strong	Exceptional	Sound	Strong	6,096	25.7%	+0.406%Above	$2,628Fees
VA Loans	Strong	Exceptional	Sound	Strong	1,712	7.2%	-0.288%Below	$1,976Fees
Jumbo Loans	Sound	Exceptional	Mediocre	Sound	547	2.3%	+0.580%Above	$2,300Fees
USDA Loans	Strong	Exceptional	Sound	Sound	415	1.7%	+0.459%Above	$2,121Fees

Conventional

Overall

Strong

Product

Exceptional

Pricing

Acceptable

Pull Through

Strong

Volume14,956

Mix63.0%

Spread

+0.387%Above

Fees

$2,624Fees

FHA Loans

Overall

Strong

Product

Exceptional

Pricing

Sound

Pull Through

Strong

Volume6,096

Mix25.7%

Spread

+0.406%Above

Fees

$2,628Fees

VA Loans

Overall

Strong

Product

Exceptional

Pricing

Sound

Pull Through

Strong

Volume1,712

Mix7.2%

Spread

-0.288%Below

Fees

$1,976Fees

Jumbo Loans

Overall

Sound

Product

Exceptional

Pricing

Mediocre

Pull Through

Sound

Volume547

Mix2.3%

Spread

+0.580%Above

Fees

$2,300Fees

USDA Loans

Overall

Strong

Product

Exceptional

Pricing

Sound

Pull Through

Sound

Volume415

Mix1.7%

Spread

+0.459%Above

Fees

$2,121Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Strong	Exceptional	Acceptable	Strong	19,504	82.2%	+0.384%Above	$2,571Fees
Refinance	Strong	Exceptional	Sound	Strong	4,222	17.8%	+0.202%Above	$2,576Fees

Purchase

Overall

Strong

Product

Exceptional

Pricing

Acceptable

Pull Through

Strong

Volume19,504

Mix82.2%

Spread

+0.384%Above

Fees

$2,571Fees

Refinance

Overall

Strong

Product

Exceptional

Pricing

Sound

Pull Through

Strong

Volume4,222

Mix17.8%

Spread

+0.202%Above

Fees

$2,576Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

23,726

Applications

37,038

Volume

$7 billion

Pricing & Closing

Avg Rate Spread

+0.351%

vs. market APOR

Avg Net Fees

$2,572

Origination − Credits

Pullthrough Rate

64.1%

Applications → Closed

Typical Borrower

Avg Loan Amount

$332,883

Avg Borrower Income

$151,818

Avg Property Value

$445,406

Geographic Coverage

Geographic Performance

Metro Areas

markets with activity

States Served

Includes Washington, DC

Avg Place Specialization

Strong

4/5

States with Loan Originations

51Nationwide · all 50 states and DC

Northeast9

CTMEMANHNJNYPARIVT

Midwest12

IAILINKSMIMNMONDNEOHSDWI

South17

ALARDCDEFLGAKYLAMDMSNCOKSCTNTXVAWV

West13

AKAZCACOHIIDMTNMNVORUTWAWY

Top Metro Areas by Place Specialization Score

1© Khtexg98537 at English Wikipedia · CC BY-SA 3.0

Albany, GAMetro

Volume 175Mix 0.74% of portfolio

100/100

Exceptional

2© Csoldner187 · CC BY-SA 3.0

Altoona, PAMetro

Volume 108Mix 0.46% of portfolio

100/100

Exceptional

3© Milonica · CC BY-SA 3.0

Lake Havasu City, AZMetro

Volume 173Mix 0.73% of portfolio

87/100

Exceptional

Jackson, MIMetro

Volume 117Mix 0.49% of portfolio

86/100

Exceptional

Lansing, MIMetro

Volume 345Mix 1.45% of portfolio

85/100

Exceptional

Detroit, MIMetro

Volume 621Mix 2.62% of portfolio

85/100

Exceptional

Warren, MIMetro

Volume 926Mix 3.90% of portfolio

84/100

Exceptional

Houston, TXMetro

Volume 1,033Mix 4.35% of portfolio

83/100

Exceptional

Riverside, CAMetro

Volume 491Mix 2.07% of portfolio

76/100

Strong

West Palm Beach, FLMetro

Volume 246Mix 1.04% of portfolio

75/100

Strong

Showing 10 of 49 metro areas

Top States by Place Specialization Score

MichiganState

Volume 2,869Mix 12.09% of portfolio

88/100

Exceptional

TexasState

Volume 2,694Mix 11.35% of portfolio

84/100

Exceptional

FloridaState

Volume 2,796Mix 11.78% of portfolio

82/100

Exceptional

CaliforniaState

Volume 2,514Mix 10.60% of portfolio

81/100

Exceptional

GeorgiaState

Volume 1,161Mix 4.89% of portfolio

80/100

Exceptional

MississippiState

Volume 495Mix 2.09% of portfolio

79/100

Strong

ArizonaState

Volume 823Mix 3.47% of portfolio

77/100

Strong

KansasState

Volume 297Mix 1.25% of portfolio

77/100

Strong

PennsylvaniaState

Volume 756Mix 3.19% of portfolio

77/100

Strong

South CarolinaState

Volume 476Mix 2.01% of portfolio

76/100

Strong

Showing 10 of 48 states

How We Rank Lenders

Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.

Our Point System (Max 30 Points)

10/ 30 pts

Pricing

Rate and fee competitiveness (33%)

10/ 30 pts

Pull Through

Reliability in closing loans (33%)

10/ 30 pts

Product

Specialization in the loan type (33%)

💎

Champion(80%+ = 24-30 points)

⭐

Superstar(60-79% = 18-23 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.

No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

HMDA 2024Built using publicly available originated loan data from the federal government.

Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.