Home equity line of credit (HELOC) · United States

Flagstar Home Equity Line of Credit: what $50,000 costs by the day you sell

We cannot produce a reliable comparable illustration from the published terms. A required rate or share may be missing, or published examples may conflict. We leave the number blank instead of selecting an unsupported assumption.

Published 7.49% sample APR requires a $200,000+ line, while the default model takes $50,000; no comparable $50,000 rate is published.

Everything below is what the provider does state publicly, with the parts it does not state marked as such.

What does the provider publish?

Flagstar publishes the terms below on its own pages; each line links to the page it was read from.

What Flagstar publishes, copied as stated. checked 2026-09-29
Term	As published	Where
Lowest published APR	7.49% (as low as)	source
Rate type	variable, Wall Street Journal Prime Rate-based	source
Introductory APR	4.99% for 6 months	source
Annual fee	$75	source
Closing costs	none, as published — Origination/closing fees generally range between $0 and $10,000	source
Early payoff	Early termination within 36 months: borrower repayment of closing fees required	source
Draw period	10 years	source
Repayment period	20 years	source
Full draw required	no	source
Interest-only during draw	yes	source
Minimum credit score	680	source
Maximum combined loan-to-value	80%	source
Minimum amount	$10,000	source
Maximum amount	$1,000,000	source
States	51 — offered in all 50 states and the District of Columbia	source

Notes from the page; text in quotation marks is quoted verbatim. “$75 annual fee, waived for the first year, will be charged annually thereafter. 10-year draw period (interest-only payments available), 20-year repayment period. Initial draw must be greater of 50% of line or $50,000 for lines over $50K; full amount for lines under $50K. Minimum credit score 680. Rechecked 2026-09-29: Published 7.49% sample APR requires a $200,000+ line, while the default model takes $50,000; no comparable $50,000 rate is published.” checked 2026-09-29

Origination fee: not stated in the provider's published documentation (checked 2026-09-29).

Ownership: not stated in the provider's published documentation (checked 2026-09-29).

Minimum home value: not stated in the provider's published documentation (checked 2026-09-29).

Flat fee: not stated in the provider's published documentation (checked 2026-09-29).

Who owns it?

Who owns this company is not stated on its own site, and we could not confirm it from a primary source. We have left it blank rather than repeat what other sites say.

Where this leaves you

You cannot budget from this page. Ask the provider, in writing, for the rate or the share, every fee, the term, and what you would owe if you sold in year 3, 5, and 10 on the value of your own home.
Ask whether there is a cap on what you repay, and whether the starting value is adjusted below the appraisal. Those two terms move the answer more than the fee.
Providers that do publish enough to compute are listed in the full list.

Who this page is not for

This is not a review. We have not used Flagstar, we hold no opinion on its service, and nothing here is a recommendation or advice. It answers one question: what the published terms turn into by the day you sell.

Sources

Flagstar terms page. checked 2026-09-29
data.json — the row behind this page, with the source URL and check date on every figure.

Written by Kaz (pen name). Figures are copied from providers' published pages on the dates shown. We have not used these products. Corrections: contact form.