Like many large lenders, they provide numerous selection, as well as each other conforming and you can jumbo fund, along with several shorter conventional choices.

Aside from department stuff from Fannie and Freddie, nonetheless they bring FHA finance, Va money, USDA financing, 2nd mortgage loans, framework funds, and.

They provide the new FHA 203k mortgage, along with the Va IRRRL, down-payment guidance, and also a-one-intimate design financing

Regarding repaired-rate company, you can buy regards to 8, 10, twelve, fifteen, 20, 22, 25, 27, and you will thirty years.

To have conforming financing they’re going to wade of up to 97% LTV (105% CLTV which have a residential area Second), and up in order to 90% LTV getting jumbo funds.

For jumbo fund, they offer one another highest balance financing, men and women supported by Fannie mae and you will Freddie Mac in high pricing areas of the country, including full-blown jumbos doing $3 billion loan quantity.

They also offer one another repaired-speed and you may varying-speed next mortgages, and home guarantee loans and HELOCs, with advertising costs to the latter generally given towards first half a year. Just be cautious about brand new annual commission!

The actual only real product that seems to be lost are an appeal-merely home loan, no matter if they actually do give you the alternative into the a few of the construction funds (and you may HELOCs).

If you’re a home loan top-notch, Flagstar enjoys each other a general department which enables home loans to promote the financing products, and an effective correspondent section you to lets home loan bankers close fund having their particular fund having fun with a facility range also lengthened by the Flagstar. Continue reading →