What’s Flagstar Bank?

Flagstar Bank try a financial institution that have a life threatening impact when you look at the the new banking and you may financial groups. Created in 1987, this has evolved into an effective $twenty-seven million deals and you can loan holding organization, positions just like the 6th largest mortgage creator across the country. Flagstar provides a diverse range of functions, plus personal, providers, and you can industrial financial.

Flagstar Bank’s started to expands past their 158 twigs from inside the Michigan, Indiana, California, Wisconsin, and Ohio, getting mortgage properties round the all the 50 cash advance near me states. That it across the country visibility enjoys increased the profile while the a professional selection getting lenders, as well as specialized items like a doctor Real estate loan.

Flagstar Lender Doctor Mortgage Features

Flagstar Bank’s Medical practitioner Mortgage, also known as the brand new elite group financing,’ was accessible to many doctors, besides doctors. That it inclusivity sets it except that a number of other doctor fund in industry.

• Designations: MD, DDS, DMD, OD, MD, DPM, Carry out, NP, RPH, PharmD, DVM, PA, CRNA
• Primary quarters
• Pick otherwise re-finance
• 100% investment to $650k to own customers when you look at the education
• 100% resource up to $1MM
• 95% financing up to $step one.5MM
• Adjustable-rate mortgage loans (ARMs) just
• For sale in every fifty says

This type of past one or two mortgage choices are to attend to physicians just with one 12 months practicing. When you is a citizen and want a loan to own over $650k, you would have to generate a downpayment. Continue reading →