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Flagstar Bank

Flagstar Bank - Mortgage, Online Banking, Home Loans and Interest Rates


Flagstar Bank


About Flagstar Bank

About Flagstar Loans

Flagstar is the largest Michigan-based savings bank as well the 2nd largest Michigan-based banking institution.

The Michigan Business and Professional Association named Flagstar Bank one of the Best and Brightest Companies for five consecutive years.

Flagstar recently received an Outstanding rating - the highest possible - from the Office of Thrift Supervision, its primary banking regulator for its community reinvestment activities.

About Flagstar Bank

Flagstar Bank, headquartered in Troy, Michigan, is a growth-oriented community bank with approximately 170 banking centers in Michigan, Indiana and Georgia. Chartered in 1987 as a federal savings bank, today Flagstar has assets approaching $16 billion.

Our Business

Flagstar Bank offers a full line of banking products for consumers and businesses, as well as a variety of consumer loans ranging from automobile to boat, home equity to home improvement. Flagstar is a leader in home lending, delivering home loans through a nationwide network of retail offices and wholesale agents, as well as online through flagstar.com and via a toll-free phone number. Flagstar also is active in the commercial real estate market and currently lends in 20 states.

From its earliest days, Flagstar Bank has looked for fresh ways to put technology to work for its customers and today is recognized as a pioneer in paperless mortgage processing. In fact, for four consecutive years Mortgage Technology magazine has named Flagstar Bank one of the Top 25 Tech-Savvy Lenders.

Flagstar Bank's Commitment

Despite its rapid growth, Flagstar Bank has never lost touch with its origins as a community bank or its pledge to provide value and convenience to its customers. With its signature sit-down banking and real-people hours, Flagstar Bank personifies its tagline — convenience you can count on.

Flagstar Bank is a subsidiary of Flagstar Bancorp, which is listed on the New York Stock Exchange under the symbol FBC. The company is the largest publicly held savings bank headquartered in the Midwest.

Loan Programs

Flagstar's loan program offers a wide variety of loan programs including:

  • Fixed Rate Mortgage (ranging from 10 years to 40 years)
  • Adjustable Rate Mortgage
  • Low Down programs
  • Combo loans (first/second mortgage or HELOC combinations)
  • Low to Moderate Income programs
  • Interest Only programs
  • FHA, VA, and Rural Housing programs
  • Construction loans (programs for consumers and builders)
  • Primary, Secondary, and Investment occupancy types
  • Second Mortgage or HELOC programs
  • Programs with financed Mortgage Insurance (MI), reduced MI, or no MI.
  • Financing available in all 50 states.

Note:Programs are available only to qualified borrowers.

Languages

English

Address

5151 Corporate Dr
Troy MI 48098 US

Contact

Flagstar Bank, FSB
+1 248 312 5042, Fax: +1 248 338 6868

News

Flagstar Bank Launches Brand Advertising With 2008 Olympics

Campaign Reflects Flagstar's Progressive and Innovative Approach to Delivering Banking Services

TROY, Michigan (PRWEB) August 8, 2008 -- Flagstar Bank will begin its most significant brand advertising effort to date when a new campaign debuts Friday, August 8, during the televised opening ceremonies of the 2008 Summer Olympics. The campaign includes television, print, radio, Web and in-branch advertising and is scheduled to run in Flagstar Bank's three banking states of Michigan, Indiana and Georgia.

The concept of the TV commercial plays to the unique experience Flagstar provides its customers. The introductory 30-second commercial depicts consumers with boxes on their heads who need to "open their eyes" to the refreshing service and product offering from Flagstar.

"Our customer satisfaction ratings outpace the industry," said David Joyce, first vice president--marketing director at Flagstar. "Our brand promise centers on the idea that it's not banking as usual at Flagstar. We are essentially communicating the reality of what our customers are experiencing every day at Flagstar."

"Our new campaign theme line, 'The New Wave in Banking,' reflects our genuine understanding that people are different and want different things from their bank," Joyce said.

SMZ Advertising in Troy created the campaign. "This new branding not only positions Flagstar as innovative, but the advertising itself is innovative," said Jamie Michelson, president of SMZ. "The look, feel and tone are so original and arresting there soon won't be anyone who doesn't know of Flagstar and understand what Flagstar stands for."

The ad was directed by Michael Karbelnikoff who has also directed work for Sony PlayStation, Visa "NFL.com," Pepsi, Miller Lite and Nike. It was produced by Hello & Company.

Flagstar Bank is a subsidiary of Flagstar Bancorp (NYSE: FBC), a bank holding company headquartered in Troy, Mich., with $14.6 billion in total assets. At June 30, 2008, Flagstar operated 170 banking centers in Michigan, Indiana and Georgia, and 121 home loan centers in 26 states. Flagstar originates home loans nationwide and is one of the leading residential mortgage lenders. For more information, visit www.Flagstar.com.

Established in 1929, SMZ Advertising Inc. provides full-service advertising and integrated marketing communications for a variety of national, regional and local accounts. SMZ also offers public relations services to its clients through its public relations division, SMZ PR Partners. For more information about SMZ, visit www.smz.com.


History of Flagstar

Our origins go back to 1938. That's when Security Savings & Loan, a predecessor to Flagstar, opened for business at the corner of Francis and Otsego streets in Jackson, Mich., with $3.2 million in assets. Forty years later, in 1978, assets of Security Savings had reached $124 million.

Meanwhile, in 1968 our chairman, Thomas Hammond, founded his first mortgage company. He later went on to start other mortgage and financial service companies including Hammond Mortgage, Oak Hills Mortgage and First Security Mortgage. In 1987, Mr. Hammond acquired a thrift charter and formed First Security Bank, located in Bloomfield Hills, Mich. In its first year of operation, First Security had $3 million in assets and one branch, primarily focused on funding regional retail and wholesale mortgage operations.

In 1992, First Security expanded its home lending operations nationally, and the following year formed a holding company. In 1994, First Security acquired Security Savings of Jackson, our only acquisition to date. With this acquisition, we gained six additional branches and started expanding our banking network. In 1996, we changed our name to Flagstar to reflect our diversified businesses and national scope.

In 1997, we held our Initial Public Offering with a listing on the Nasdaq.

In 2000, we moved to our new headquarters in Troy, Mich. That same year, we entered an agreement with Wal-Mart to open in-store branches at select Wal-Mart stores, and we subsequently opened our first banking center in Indiana at a Wal-Mart in Indianapolis.

In 2001, we moved our listing to the New York Stock Exchange where we currently trade under the symbol FBC.

In 2005, we entered Georgia with the opening of a banking center in Powder Springs.

From $3 million in assets in 1987, we have grown our assets to $15.8 billion at December 31, 2007. We also greatly expanded our home lending to include 143 offices in 27 states, while growing our banking network to 164 offices — 117 in Michigan, 28 in Indiana, and 19 in Georgia at year-end 2007.

Our Business

Flagstar offers a full line of banking products for consumers and businesses, as well as a variety of consumer loans ranging from automobile to boat, home equity to home improvement. Flagstar is a leader in home lending, delivering home loans through a nationwide network of retail offices and wholesale agents, as well as online through Flagstar.com and via a toll-free phone number. Flagstar also is active in the commercial real estate market and currently lends in 20 states.

From its earliest days, Flagstar has looked for fresh ways to put technology to work for its customers and today is recognized as a pioneer in paperless mortgage processing. In fact, for four consecutive years Mortgage Technology magazine has named Flagstar one of the Top 25 Tech-Savvy Lenders.

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Influence Us

Add your constructive feedback or review for FlagStar.com

Matt Sunderlin's Comments on FlagStar.com

  • Matt Sunderlin (delighted) : It's a flag with a star on it. If that doesn't spell "credibility," then I don't know what does. FlagStar.com 11:56, 23 July 2008 (PDT)


Matthew Oztalay's Comments on FlagStar.com

  • Matthew Oztalay (delighted) : FlagStar Has been my bank and mortgage lender for YEARS and I've always been pleased with the quality of their services. 09:43, 24 July 2008 (PDT)


Freshmenz's Comments on FlagStar.com

  • Freshmenz (delighted) : I use FlagStar as my bank for my air and water purification small business and highly recommend them to anyone. The level of service is unrivaled and their products speak for themselves. It's really a simple equation where... Customer Banking Needs + Flagstar = Quality. 16:25, 28 July 2008 (PDT)


Melih Oztalay's Comments on FlagStar.com

  • Melih Oztalay (delighted) : I have been following Flagstar Bank throughout the past few months in the news and the number of creative offers this bank has come up with are quite interesting for the banking industry. For instance $100 Gas Cards, 10% 6-months CD's. Very contemporary for a bank. Visit them at www.flagstar.com. 10:05, 10 August 2008 (PDT)


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