Looking for a different lender?
F
Flagstar Bank, N.A.
Bank|Hicksville, NY|National
Loans Originated
23,726
Applications
37,038
Volume
$7 billion
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Acceptable
Overall Pull Through
Strong
Safe Rate Awards⭐FHA Superstar⭐VA Superstar⭐USDA Superstar⭐Refinance Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.351%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,572
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
64.1%
Percentage of applications that result in closed loans
Safe Rate's 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
Report Card
Flagstar Bank, N.A. performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Acceptable | Near industry average | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Exceptional | Market Leader | |
FHA | Exceptional | Market Leader | |
VA | Exceptional | Market Leader | |
Jumbo | Exceptional | Market Leader | |
USDA | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Exceptional | Market Leader | |
Refinance | Exceptional | Market Leader | |
Places Geographic coverage | Strong | National · 50 metro areas · 51 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$332,883
Average Borrower Income
$151,818
Average Property Value
$445,406
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Exceptional | Acceptable | Strong | 14,956 | 63.0% | +0.387% | $2,624 |
FHA Loans | Strong | Exceptional | Sound | Strong | 6,096 | 25.7% | +0.406% | $2,628 |
VA Loans | Strong | Exceptional | Sound | Strong | 1,712 | 7.2% | -0.288% | $1,976 |
Jumbo Loans | Acceptable | Exceptional | Mediocre | Sound | 547 | 2.3% | +0.580% | $2,300 |
USDA Loans | Strong | Exceptional | Sound | Sound | 415 | 1.7% | +0.459% | $2,121 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Exceptional | Acceptable | Strong | 19,504 | 82.2% | +0.384% | $2,571 |
Refinance | Strong | Exceptional | Sound | Strong | 4,222 | 17.8% | +0.202% | $2,576 |
Geographic Coverage
Metro Areas
49
States Served
51
Why 51? We count DC as a state
Avg Place Specialization
Strong
States with Loan Originations
AKALARAZCACOCTDCDEFLGAHIIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNMNVNYOHOKORPARISCSDTNTXUTVAVTWAWIWVWY
Top Metro Areas by Place Specialization Score
1
Albany, GA, GAMSA
Volume: 175Mix: 0.74%
Place Specialization
Exceptional
2
Altoona, PA, PAMSA
Volume: 108Mix: 0.46%
Place Specialization
Exceptional
3
Lake Havasu City, AZMSA
Volume: 173Mix: 0.73%
Place Specialization
Exceptional
4
Jackson, MI, MIMSA
Volume: 117Mix: 0.49%
Place Specialization
Exceptional
5
Lansing, MIMSA
Volume: 345Mix: 1.45%
Place Specialization
Exceptional
6
Detroit, MIMSA
Volume: 621Mix: 2.62%
Place Specialization
Exceptional
7
Warren, MIMSA
Volume: 926Mix: 3.90%
Place Specialization
Exceptional
8
Houston, TXMSA
Volume: 1,033Mix: 4.35%
Place Specialization
Exceptional
9
Riverside, CAMSA
Volume: 491Mix: 2.07%
Place Specialization
Strong
10
West Palm Beach, FLMSA
Volume: 246Mix: 1.04%
Place Specialization
Strong
Showing 10 of 49 metro areas
Top States by Place Specialization Score
1
MIState
Volume: 2,869Mix: 12.09%
Place Specialization
Exceptional
2
TXState
Volume: 2,694Mix: 11.35%
Place Specialization
Exceptional
3
FLState
Volume: 2,796Mix: 11.78%
Place Specialization
Exceptional
4
CAState
Volume: 2,514Mix: 10.60%
Place Specialization
Exceptional
5
GAState
Volume: 1,161Mix: 4.89%
Place Specialization
Exceptional
6
MSState
Volume: 495Mix: 2.09%
Place Specialization
Strong
7
AZState
Volume: 823Mix: 3.47%
Place Specialization
Strong
8
KSState
Volume: 297Mix: 1.25%
Place Specialization
Strong
9
PAState
Volume: 756Mix: 3.19%
Place Specialization
Strong
10
SCState
Volume: 476Mix: 2.01%
Place Specialization
Strong
Showing 10 of 48 states
How We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
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.
Ready to Get Started?
Compare Flagstar Bank, N.A. with other lenders or get personalized recommendations.