“Flagstar is unique because we have both the traditional lineup of home lending solutions backed by investors such as Fannie Mae, Freddie Mac and Ginnie Mae, plus our own specialty products that we can put in portfolio on our balance sheet, given we’re also a bank,” says Lee Smith, president of mortgage for Flagstar Bank. Borrowers need a 620 credit score to qualify for a mortgage refinance, although other lending products have lower credit score requirements.
Flagstar Bank offers a low APR and low fees both online and at its branch locations in Indiana, Michigan, Ohio and Wisconsin.
