What are the requirements for a personal loan?

To obtain a personal loan at Flagstar Bank, there are a few requirements to meet. First and foremost, an applicant should be at least 18 years old and a U.S citizen or legal resident. A stable source of income is crucial, demonstrating the ability to repay the loan. A favorable credit history is preferred, although various loan options cater to individuals with different credit profiles. Additionally, providing necessary documentation, such as proof of identification, address, and income, is necessary. The loan amount and terms may vary based on these requirements and the applicant's financial circumstances. Flagstar Bank aims to ensure a fair evaluation process, offering personalized loan options suited to each individual's needs.