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Get Flagstar Bank Escrow Waiver

ESCR O W WAIVER REQUEST FORM Use this form to request a waiver of your escrow payment on your Flagstar Bank Mortgage. Please type or PRINT in CAPITAL LETTERS You will be notified by mail of our decision regarding your request for an escrow waiver. This process may take up to four weeks and completion of this form does not guarantee that we will allow you to waive your escrow account. This process may take up to four weeks and completion of this form does not guarantee that we will allow you to waive your escrow account. A one-time escrow waiver fee of 0. 25 of the Unpaid Principal Balance or 150 whichever is GREATER will be charged. This fee WILL NOT be charged if the property is located in California Illinois New York Minnesota Oregon or Wisconsin due to state regulations To calculate your escrow waiver fee View your Unpaid Principal Balance on your latest monthly mortgage statement Multiply this amount by 0. Please PRINT for multiple loans use separate forms Loan Number First Name Middle Name Last Name Social Security Number of Borrower Daytime Phone Number ext. Reason for requesting the Escrow Waiver. If you need more space please attach an additional piece of paper. Please type or PRINT in CAPITAL LETTERS You will be notified by mail of our decision regarding your request for an escrow waiver. This process may take up to four weeks and completion of this form does not guarantee that we will allow you to waive your escrow account. A one-time escrow waiver fee of 0. 25 of the Unpaid Principal Balance or 150 whichever is GREATER will be charged* This fee WILL NOT be charged if the property is located in California Illinois New York Minnesota Oregon or Wisconsin due to state regulations To calculate your escrow waiver fee View your Unpaid Principal Balance on your latest monthly mortgage statement Multiply this amount by 0. 25 If your Principal Balance is 100 000 then your escrow waiver fee will be 100 000 multiplied by 0. 0025. See examples below 100 000 x 0. 0025 250. 00 150 000 x 0. 0025 375. 00 Escrow accounts will not be waived if currently escrowing for flood insurance. Signature Date IMPORTANT INFORMATION Once complete and signed please mail or fax to Mail Flagstar Bank Escrow Waiver Department Mail Stop E-122-3 5151 Corporate Dr. Please PRINT for multiple loans use separate forms Loan Number First Name Middle Name Last Name Social Security Number of Borrower Daytime Phone Number ext. Reason for requesting the Escrow Waiver. If you need more space please attach an additional piece of paper. Reason for requesting the Escrow Waiver. If you need more space please attach an additional piece of paper. Please type or PRINT in CAPITAL LETTERS You will be notified by mail of our decision regarding your request for an escrow waiver. A one-time escrow waiver fee of 0. 25 of the Unpaid Principal Balance or 150 whichever is GREATER will be charged* This fee WILL NOT be charged if the property is located in California Illinois New York Minnesota Oregon or Wisconsin due to state regulations To calculate your escrow waiver fee View your Unpaid Principal Balance on your latest monthly mortgage statement Multiply this amount by 0. 25 If your Principal Balance is 100 000 then your escrow waiver fee will be 100 000 multiplied by 0. .

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