Property security loan are a phrase loan protected because of the value of your property Flagstar Household Guarantee Fund Choices Flagstar also offers domestic collateral finance and you can house collateral credit lines, that can be used getting major costs such as for example family home improvements, university fees money, medical debts or debt consolidation reduction. Home equity financing With this specific loan sort of, you can get a complete worth of the borrowed funds initial for the a great solitary lump sum. Costs start a month after you receive the mortgage. Flagstar also offers mortgage amounts off $ten,000 to $1 million for example- so you can cuatro-unit residential land and you may modular belongings.