Get Product Variety With Waterstone Mortgage

More is better – especially when it comes to the variety of loan products you can offer your borrowers and Realtors.

Waterstone Mortgage sells loans directly to Fannie Mae, Freddie Mac, and Ginnie Mae. Our variety of speciality and traditional products will help you reach a broader audience of homebuyers and their Realtors. When you are able to offer a loan product lineup that fits the needs of most buyers and circumstances, you will be able to increase your business rapidly.

Because Waterstone Mortgage is owned by a bank, we are able to offer a variety of outside-the-box portfolio loans, which ensures that virtually every potential homebuyer can pursue their dream of homeownership. Here are some of the unique loan programs that Waterstone Mortgage offers:

Select Smart - The Select Smart loan program allows homebuyers to purchase a home with a down payment as low as 3% and does not require mortgage insurance (MI). 

Wealth Building Loan - Designed to help savvy borrowers build equity in their home faster, the Wealth Building Loan is unique to Waterstone Mortgage, allows 100% LTV up to $650k, and offers eligible borrowers a 7-1 Adjustable Rate Mortgage with a 20-year amortization.

Community Heroes - To reward our heroes, Waterstone Mortgage offers a 99% LTV conventional program for police offices, firefighters, teachers, paramedics, and emergency medical professionals. 

Community Experts - Waterstone Mortgage offers a 100% LTV convention program for CPAs, CFA, Ph D.s, architects, CMBs, and actuaries.

Single Loan Close Construction Program - Clients are able to finance the purchase of the lot, construction financing, and permanent financing all in one transaction — all for just 5% down. One loan. One closing. One easy process.

Medical Professional Program - Our doctor loans make it easier for medical professionals (doctors, dentists, and veterinarians) to achieve their homeownership dreams. In some states, 100% LTV is available. 

Low FICO -  Waterstone Mortgage offers FHA loans down to 585 FICO, as well as USDA and VA as low as 600. 

Offering a variety of products is important, but Waterstone Mortgage also values the effective and intricately-planned rollout process of new products. When a new product is introduced, our leadership team, operations team, sales team, and other support staff are all on the same page – as far as how the product can be best used to serve our borrowers. We value the superior quality of each of our products, and ensure that our staff has the appropriate training and knowledge to use these programs effectively. 

 

“Our product lineup is as diverse as it can possibly be. We have portfolio products through our bank, which is another big benefit of being bank-owned, and we're always looking to expand that box."

– Chris Fleming, Waterstone Mortgage Vice President - National Sales Manager

 

Fill out the brief form to learn more about our variety of mortgage loan products and how Waterstone Mortgage can help you grow your loan origination business.

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