Flagstar Bank Mortgage Rates and Review(s)

December 5, 2012 No Comments »
Flagstar Bank Mortgage Rates and Review(s)

Flagstar Bank, based out of Michigan, has a large variety of mortgage products which are currently featuring some fairly respectable APRs for qualifying consumers.

Flagstar has a full suite of mortgage products including – adjustable rate mortgages, FHA loans, fixed rate mortgages, VHA loans, and a number of customizable mortgage refinance options.

Flagstar Bank is a community bank with a nationwide presence through their online division. Locally they have 162 banking centers in Michigan, Indiana and Georgia. They were originally chartered in 1987 as a federal savings bank and today control over $13 billion in assets.

Flagstar’s claim to fame is with their customer service. They hold a significant amount of awards in this category. According to their website, “Flagstar Bank received the highest numerical score among retail banks in the North Centeral region in the proprietary J.D. Power and Associates 2010 Retail Banking Satisfaction Study℠. Study based on 47,673 total responses measuring 19 providers in the North Central region (IN, KY, MI, OH, WV) and measures opinions of consumers with their primary banking provider. Proprietary study results are based on experiences and perceptions of consumers surveyed in January 2010.”

BBB Rating for Flagstar Bank’s Mortgage Division:

BBB processed a total of 133 complaint(s) about this business in the last 36 months. Every single complaint has been closed/resolved in the last 36 months, 58 were closed in the last 12 months.

FlagStar Bank Mortgage Rates:

Product
APR
30 year fixed 3.505%
15 year fixed 2.843%
Adjustable Rate Mortgage 3.142%
Jumbo Mortgage 4.048%
FHA Mortgage 3.260%
Refinance 3.525%

 

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