Flagstar Reviews

I cant show my name as I am in the middle of a new home purchase with FlagStar. My personal experience has been horrible. I might even say it's been abusive. I am a w2 employee, no special income stuff, tax returns filed and no name changes. I have treated like a criminal by this bank. I have been concerend that they dont have the means to fund my loan and my Seller, who is an elderly lady, has suffered delay after delay as I am at the mercy of FlagStar. I dont want to blast FS to badly here as I know I risk people thinking that I am part of the problem, but please beware if you choose to deal with this bank. They have caused real issues for me and my family in my transaction. BEWARE BEWARE. Good luck in your real estate endeavors.

Flagstar is solid. They have great turn around times, and competitive pricing. They don't seem to be too affected by the mortgage industry meltdown. I'd work with them again

I have been trying to get Flagstar to help with my ajustable rate mortgage that will reset early 2009. I was told they could not freeze the rate because I was not in a subprime loan. So I asked if I could do a streamline refinance, I qualified except you can not do a streamline refinance in a declining market. Where in the U.S. is the housing market not declining? Thanks for you help Flagstar, I'm sure when I have to walk away from my home it will sell for much less than the balance of my loan. If they would refi or freeze the loan, they could get much more of the balance. Soon Michigan will be nothing but empty homes owned by banks that can not sell them. And who will have any money to put into the bank. Thanks again Flagstar.