Flagstar Bank Loan Modification Information

Flagstar Bank offers its customers the option of a loan modification which modifies the terms of the loan, so the customers can catch up on their missed payments. This also makes it more affordable and manageable for the customer. Once the customer has successfully made payments during their trial period of three or four months, Flagstar will offer to permanently modify the terms on the mortgage loan. 

The documentation required for your Loan Modification application to Flagstar Bank includes: 

• Loss Mitigation Application Homeowner Checklist 
• Hardship letter per page 2 of the Loss Mitigation Application 
• IRS 4506-T Form 
• Income Documentation per page 3 of the Loss Mitigation Application 
• Detailed Expenses Breakdown 
• Third-Party Authorization (Included in the Loss Mitigation Application)