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 Home > Personal Center > Personal Lending > Residential Lending
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Let us show you what WaterStone Bank Residential Lending has to offer.
We offer you exceptional customer service, flexibility, personalization, and a strong
desire to do what’s right for you. We ask questions to better understand your situation,
so we can tailor our products to best meet your needs. We have lent over one billion
dollars to homeowners and our lending staff averages more than 18 years of experience.
Convenience and flexibility.
We are not looking for just customers but for relationships, so we’ll do it right
the first time! Even though we offer the stability and reputation of a well established
Bank, our Loan Officers will meet you at a time and place that works best for you.
So you can choose a meeting that accommodates your schedule, not ours.
A full range of products and services to fit your needs.
Whether you are a first-time home buyer, current homeowner looking to buy your dream
home, looking to take advantage of today’s lower interest rates, or a customer who
owns multiple investment properties, we will work with you to help find you the
product that fits your needs.
We offer a wide range of Mortgage Loans:
Fixed Rate Mortgages
- Terms that fit your needs.
- FHA Loans – Low minimum downpayment required.
- First-time Home Buyers Programs – Expanded qualification guidelines.
- Non-Owner Occupied Products – Investment properties.
- Mortgages not requiring Mortgage Insurance – Mortgages greater than 80% loan-to-value
with the insurance built into the interest rate.
Adjustable Rate Mortgages
- Reduced Document Programs* - Allows you to obtain a Mortgage with no verification
of income.
- Non-Owner Occupied Products – Can be in an individual or entity name.
- Serviced by the bank for exceptional customer service.
We also offer Lot Purchases and Construction Loans that will be serviced by the
bank.
Fixed Rate Mortgages vs. Adjustable Rate Mortgages (ARMs)
When looking for a mortgage it is often difficult to determine what is right for
you. At WaterStone Bank, we offer a variety of Fixed and Adjustable Rate Mortgages
that can meet your needs. Here are some advantages of each to help you make the
decision of which product is best for you.
Fixed Rate Mortgages
With Fixed Rate Mortgages the rates, principal, and interest payments remain
constant, so there won’t be any surprises, even with inflation. Having a Fixed Rate
Mortgage allows you to budget your finances easier by offering stability in rate
and payments. This will help you manage your money with more certainty.
Adjustable Rate Mortgages
Adjustable Rate Mortgages (ARMs) often feature lower rates and payments early in
the mortgage term. This may allow you to afford a larger home than you could otherwise
afford. With an ARM you can take advantage of falling interest rates (after the
initial three to five year lock period) without refinancing, which can save you
time and money by avoiding closing costs. Another advantage is that WaterStone services
their ARM mortgages, which means you will receive the personal customer service
you have come to expect from us for the entire life of your mortgage.
Contact Us
Click here to Contact a Loan Officer by E-mail.
*“Reduced document programs” usually have higher interest rates or other costs compared
to “full documentation” programs that require you to verify your income.
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