Home Equity Solutions
Choose a solution that's right for you - Home Equity Loan or Line of Credit
Home Equity Loan
- Receive the entire loan at once
- Fixed interest rate
- Fixed monthly payment
- No prepayment penalty
Home Equity Line of Credit
- Draw funds as needed
- Variable interest rate
- Access your HELOC by check, in person, or by phone.
Flagstar Home Equity Line of Credit (HELOC) is a variable rate, revolving line of credit secured by primary residence and second home. Offer not valid in Texas, Puerto Rico, or the U.S. Virgin Islands.
Programs for qualified borrowers. All borrowers are subject to credit approval, underwriting approval, and lender terms and conditions. Programs subject to change without notice. Some restrictions apply. Not a commitment to lend.
The Annual Percentage Rate is based on the Wall Street Journal Prime Rate (index) at the time of account opening, plus a margin determined by credit score, property location, combined loan to value, lien position and other factors. The Annual Percentage Rate, fees and charges vary by product and property state.