Loan Rates

Rates and APRs are effective as of 12/5/2016
Advertised rates are subject to change at any time

Adjustable Rate Mortgages*
TERMANNUAL PERCENTAGE RATE (APR)INITIAL INTEREST RATEINITIAL RATE PERIODTHEREAFTER INDEX PLUS MARGINLOAN AMOUNT
3/1 ARM º
30 Years3.877%2.750%3 Years4.125%≤$1,000,000.00
3/1 ARM JUMBO ¹
30 Years3.865%2.875%3 Years4.125%>$1,000,000.00 ≤ $1,200,000.00
5/1 ARM ²
30 Years3.892%3.250%5 Years4.125%≤$1,000,000.00
5/1 ARM JUMBO ³
30 Years3.883%3.375%5 Years4.125%>$1,000,000.00 ≤ $1,200,000.00
7/1 ARM **
30 Years4.008%3.750%7 Years4.125%≤$1,000,000.00
7/1 ARM JUMBO ***
30 Years4.013%3.875%7 Years4.125%>$1,000,000.00 ≤ $1,200,000.00

Click here to see Important Disclosure Details, Assumptions and Other Related Information

*ARM products are adjustable rate products and interest rates and payments may increase after closing. After the Initial Rate Period your interest rate can increase or decrease annually according to the index. Any change in the interest rate may increase your payment significantly. APRs shown are based upon the Index Plus Margin from 12/02/2016.

Collateral must be a first lien and located in the state of Wisconsin. Property insurance, title insurance and flood insurance, if applicable, are required on all collateral. APRs shown are based on the following assumptions: 80% Loan to Value (20% down payment), satisfaction of credit qualifications, excellent credit and owner occupied property. Interest rate and APR may be adjusted based on several factors including, but not limited to, loan amount, occupancy, property type, loan to value, and your credit score. Your final rate may be higher or lower than those listed above based upon your specific factors.

ºFor example - 3/1 30 year ARM for $100,000 with an Initial Interest Rate of 2.75% (3.877% APR) your monthly payments for years 1 – 3 would be $408.25 and for years 4 -30 monthly payments would be $477.88 (based on the current Index Plus Margin). Monthly payments do not include taxes and insurance and the actual payment obligation will be greater. Your variable interest rate is subject to a floor of your Initial Interest Rate. Your variable interest rate can increase or decrease by 2 percentage points annually and can increase 6 percentage points over your Initial Interest Rate over the term of your loan. The Index for this loan program is the average of Interbank Offered Rates for One Year Denominated Deposits in the London Market (LIBOR).

¹For example - 3/1 30 year Jumbo ARM for $1,100,000 with an Initial Interest Rate of 2.875% (3.865% APR) your monthly payments for years 1 – 3 would be $4,563.82 and for years 4 -30 monthly payments would be $5,263.91 (based on the current Index Plus margin). Monthly payments do not include taxes and insurance and the actual payment obligation will be greater. Your variable interest rate is subject to a floor of your Initial Interest Rate. Your variable interest rate can increase or decrease by 2 percentage points annually and can increase 6 percentage points over your Initial Interest Rate over the term of your loan. The Index for this loan program is the average of Interbank Offered Rates for One Year Denominated Deposits in the London Market (LIBOR). Contact lender for specific rates on loan amounts greater than $1,200,000.

²For example - 5/1 30 year ARM for $100,000 with an Initial Interest Rate of 3.25% (3.892% APR) your monthly payments for years 1 – 5 would be $435.21 and for years 6 -30 monthly payments would be $477.59 (based on the current Index Plus margin). Monthly payments do not include taxes and insurance and the actual payment obligation will be greater. Your variable interest rate is subject to a floor of your Initial Interest Rate. Your variable interest rate can increase or decrease by 2 percentage points annually and can increase 6 percentage points over your Initial Interest Rate over the term of your loan. The Index for this loan program is the average of Interbank Offered Rates for One Year Denominated Deposits in the London Market (LIBOR).

³For example - 5/1 30 year Jumbo ARM for $1,100,000 with an Initial Interest Rate of 3.375% (3.883% APR) your monthly payments for years 1 – 5 would be $4,863.06 and for years 6 -30 monthly payments would be $5,264.94 (based on the current Index Plus margin). Monthly payments do not include taxes and insurance and the actual payment obligation will be greater. Your variable interest rate is subject to a floor of your Initial Interest Rate. Your variable interest rate can increase or decrease by 2 percentage points annually and can increase 6 percentage points over your Initial Interest Rate over the term of your loan. The Index for this loan program is the average of Interbank Offered Rates for One Year Denominated Deposits in the London Market (LIBOR). Contact lender for specific rates on loan amounts greater than $1,200,000.

** For example - 7/1 30 year ARM for $100,000 with an Initial Interest Rate of 3.75% (4.008% APR) your monthly payments for years 1 – 7 would be $463.12 and for years 8 -30 monthly payments would be $480.46 (based on the current Index Plus margin). Monthly payments do not include taxes and insurance and the actual payment obligation will be greater. Your variable interest rate is subject to a floor of your Initial Interest Rate. Your variable interest rate can increase or decrease by 2 percentage points annually and can increase 6 percentage points over your Initial Interest Rate over the term of your loan. The Index for this loan program is the average of Interbank Offered Rates for One Year Denominated Deposits in the London Market (LIBOR).

*** For example - 7/1 30 year Jumbo ARM for $1,100,000 with an Initial Interest Rate of 3.875% (4.013% APR) your monthly payments for years 1 – 7 would be $5,172.61 and for years 8 -30 monthly payments would be $5,300.55 (based on the current Index Plus margin). Monthly payments do not include taxes and insurance and the actual payment obligation will be greater. Your variable interest rate is subject to a floor of your Initial Interest Rate. Your variable interest rate can increase or decrease by 2 percentage points annually and can increase 6 percentage points over your Initial Interest Rate over the term of your loan. The Index for this loan program is the average of Interbank Offered Rates for One Year Denominated Deposits in the London Market (LIBOR). Contact lender for specific rates on loan amounts greater than $1,200,000.

Advertised APRs, interest rates, and loan programs are subject to change at any time.
 


Equity Builder Adjustable Rate Mortgage Loan*
TERMANNUAL PERCENTAGE RATE (APR)INITIAL INTEREST RATEINITIAL RATE PERIODTHEREAFTER INDEX PLUS MARGINLOAN AMOUNT
7/1 ARM**
20 Years4.708%3.750%7 Years4.125%≤$425,000

Click here to see Important Disclosure Details, Assumptions and Other Related Information

*ARM products are adjustable rate products and interest rates and payments may increase after closing.  After the Initial Rate Period your interest rate can increase or decrease annually according to the index. Any change in the interest rate may increase your payment significantly.  Equity Builder product requires mortgage insurance. APRs shown are based upon the Index Plus Margin from 12/02/2016.

Collateral must be a first lien and located in the state of Wisconsin. Property insurance, title insurance and flood insurance, if applicable, are required on all collateral.  APRs shown are based on the following assumptions 100% Loan to Value (0% down payment), mortgage insurance, satisfaction of credit qualifications, excellent credit and owner occupied property. The greater of $1,000 or 1% minimum borrower contribution is required and loan product is limited to purchase transactions.  Interest rate and APR may be adjusted based on several factors including, but not limited to, loan amount, loan to value, your credit score and the amount of mortgage insurance required. Your final rate may be higher or lower than those listed above based upon your specific factors.

** For example - 7/1 20 year ARM for $100,000 with an Initial Interest Rate of 3.750% (4.708% APR) your monthly payments for years 1 – 6 would be $688.72, for years 7 – 8 would be $592.89,  and for years 9 -20 monthly payments would be $606.32 (based on the current Index Plus margin).  Monthly payments do not include taxes and property insurance such as hazard or flood and the actual payment obligation will be greater.  Your variable interest rate is subject to a floor of your Initial Interest Rate.  Your variable interest rate can increase or decrease by 2 percentage points annually and can increase 6 percentage point over your Initial Interest Rate over the term of your loan.  The Index for this loan program is the average of Interbank Offered Rates for One Year Denominated Deposits in the London Market (LIBOR). Mortgage Insurance is required and your payment amount may be greater than examples provided.


Adjustable Rate Lot Loans*
TERMAMORTIZATIONANNUAL PERCENTAGE RATE (APR)INITIAL INTEREST RATEINITIAL RATE PERIODTHEREAFTER INDEX PLUS MARGIN
3/1 ARM ¹
10 Years30 Years4.496%3.250%3 Years4.875%
5/1 ARM ²
10 Years30 Years4.450%3.750%5 Years4.875%

Click here to see Important Disclosure Details, Assumptions and Other Related Information

*ARM products are adjustable rate products and interest rates and payments may increase after closing. After the Initial Rate Period your interest rate can increase or decrease annually according to the index. Any change in the interest rate may increase your payment significantly. APRs shown are based upon the Index Plus Margin from 12/02/2016. WaterStone Bank NMLS #407327

This loan product is not a fully amortizing loan and a balloon payment will result at the end of the term. Minimum loan amount $25,001 and maximum loan amount $250,000. Collateral must be zoned for residential usage, must be intended for future construction of a residential 1-4 family property, 5 acres or less and located in the state of Wisconsin. APRs shown are based on the following assumptions 80% Loan to Value (20% down payment) on a purchase transaction and 75% Loan to Value on a refinance transaction, satisfaction of credit qualifications and excellent credit. Interest rate and APR may be adjusted based on several factors including, but not limited to, loan amount, loan to value, and your credit score. Your final rate may be higher or lower than those listed above based upon your specific factors. Advertised APRs, interest rate, and loan programs are subject to change at any time.

 ¹For example - 3/1 10 year ARM for $50,000 with an Initial Interest Rate of 3.250% (4.496% APR) your monthly payments for years 1 – 3 would be $217.61; for years 4 - 10 monthly payments would be $260.58 (based on the current Index Plus Margin) and 1 payment of $40,160.34 at maturity. Monthly payments do not include taxes and insurance and the actual payment obligation will be greater. Your variable interest rate is subject to a floor of your Initial Interest Rate. Your variable interest rate can increase or decrease by 2 percentage points annually and can increase 6 percentage points over your Initial Interest Rate over the term of your loan. The Index for this loan program is the average of Interbank Offered Rates for One Year Denominated Deposits in the London Market (LIBOR).

²For example - 5/1 10 year ARM for $50,000 with an Initial Interest Rate of 3.750% (4.450% APR) your monthly payments for years 1 – 5 would be $231.56; for years 6 - 10 monthly payments would be $260.03 (based on the current Index Plus margin) and 1 payment of $40,075.42 at maturity. Monthly payments do not include taxes and insurance and the actual payment obligation will be greater. Your variable interest rate is subject to a floor of your Initial Interest Rate. Your variable interest rate can increase or decrease by 2 percentage points annually and can increase 6 percentage points over your Initial Interest Rate over the term of your loan. The Index for this loan program is the average of Interbank Offered Rates for One Year Denominated Deposits in the London Market (LIBOR).
 


Residential Construction Loans*
TERMANNUAL PERCENTAGE RATE (APR)INTEREST RATEMonthly Payment per $1,000Loan Amount
Residential Construction Loan
12 Months2.750%2.750%$2.26 Interest only payments>$25,000≤$1,000,000¹
Residential Construction Jumbo Loan
12 Months2.875%2.875%$2.64 Interest only payments>$1,000,000≤$1,200,000²

Click here to see Important Disclosure Details, Assumptions and Other Related Information

*Advertised APR, interest rate and loan program is subject to change at any time. APR(s) listed are effective as of 12/05/2016. APR does not include fees and is subject to meeting credit qualifications. APR shown is based on the following assumptions: 80% Loan to Value, satisfaction of credit qualifications and excellent credit. Interest rate and APR may be adjusted based on several factors including, but not limited to, loan amount, loan to value, and your credit score. Your final rate may be higher or lower than those listed above based upon your specific factors. Payment per $1,000 represents the monthly interest only payment during the construction phase. Monthly payments of interest only will not reduce the principal owed and a balloon payment will be due at the end of the term. Monthly payments do not include taxes and insurance and the actual payment obligation will be greater.  Property insurance, title insurance and flood insurance, if applicable, are required on all collateral. WaterStone Bank NMLS #407327

¹ Collateral under construction must be in first lien position, owner occupied residential 1-2 family property and located in the following Wisconsin counties: Milwaukee, Waukesha, Ozaukee, Washington, Racine, Kenosha and Walworth.  One family vacation or second homes may qualify contact lender for more information.
 
² Collateral under construction must be in first lien position, owner occupied residential one family property and located in the following Wisconsin counties: Milwaukee, Waukesha, Ozaukee, Washington, Racine, Kenosha and Walworth.  Contact lender for specific rates on loan amounts greater than $1,200,000 or one family vacation or second homes.
 



Fixed Rate Mortgages
Fixed rate mortgage financing, WHEDA funding, FHA and other government loans programs are available through our mortgage subsidiary Waterstone Mortgage Corporation.

Optionflex Total Line-of-Credit*
(Home Equity Line-of-Credit)
≤80% Loan to Value (LTV) ¹
VARIABLE INTEREST RATE6 Month Fixed Intro Rate APRVariable APR After Intro Period
Loan Amount:
≤$25,000
Prime Plus 1.00%1.95%4.50%
Loan Amount:
>$25,000 to ≤$100,000
Prime1.95%3.99%
Loan Amount:
>$100,000³
Prime Minus 0.50%1.95%3.99%
>80% but ≤100% Loan to Value (LTV) ²
VARIABLE INTEREST RATE6 Month Fixed Intro Rate APRVariable APR After Intro Period
Loan Amount:
≤$25,000
Prime Plus 2.00%2.95%5.50%
Loan Amount:
>$25,000 to ≤$100,000
Prime Plus 0.50%2.95%4.49%
Loan Amount:
>$100,000³
Prime2.95%4.49%
¹ Floor Rate of 3.99% (effective after Intro Period). APR will not exceed 18%.
² Floor Rate of 4.49% (effective after Intro Period). APR will not exceed 18%.
³ Maximum Loan amount for the OptionFlex Line of Credit is based on LTV. ≤80% LTV $500,000 Maximum Loan Amount, >80% ≤90% LTV $250,000 Maximum Loan Amount and >90% ≤100% LTV $100,000 Maximum Amount
*Current WaterStone Bank SSB HELOC and OptionFlex Line of Credit borrowers are not eligible for the 6 Month Fixed Intro Rate.  Your rate would be based on the Variable Interest Rate.

Click here to see Important Disclosure Details, Assumptions and Other Related Information

Advertised APRs, interest rate, and loan programs are subject to change at any time.  APRs listed are effective as of 12/05/2016. Intro Rate APR will be fixed for 6 months from closing date.   After the 6 month Intro Period the APR will be variable and based upon an index (Prime Rate) plus or minus a margin.  Prime Rate is the index identified as the U.S. Prime Rate as published in the Wall Street Journal Money Rates Table on the last business day of the month and is subject to change monthly. Your APR will be based upon your Loan to Value, credit limit and meeting specific credit qualifications.   Property insurance, title insurance and flood insurance, if applicable are required on all collateral. Third party closing costs can range from $123.13 to $1,039.26 per loan however you will only be charged a $100.00 processing fee, appraisal and/or title insurance policy fees, if applicable. Other closing costs will be waived. Appraisals are generally required on loan amounts equal to or greater than $250,000 and a title insurance policy is generally required on loan amounts equal to or greater than $100,000. You are eligible for a $100.00 processing fee credit if you set up Auto Pay from a WaterStone Bank SSB (WSB) checking account for your WSB OptionFlex Line-of-Credit. WSB will deposit the $100 processing fee you were charged at closing to your WSB checking account within 30 business days of Auto Pay set up. If you terminate your right to obtain advances within 36 months from loan closing an early termination fee of 2% of the amount prepaid up to a maximum of $500 will apply. WSB OptionFlex Line-of-Credit allows you to make interest only payments. Making interest only monthly payments will result in a balloon payment of the outstanding balance plus any accrued and unpaid interest and fees at the end of the term.  Annual Fee of $75 will be charged to your line each year. You are eligible for a $75.00 Annual Fee credit if you have a WSB checking account and meet one of the following requirements within thirty (30) business days of the Annual Fee being charged to your WSB OptionFlex Line-of Credit: (1) You are enrolled in the WSB Military Valor Program, (2) you have a 1st Mortgage loan with WSB that is secured by a 1-4 family owner occupied dwelling which is not considered past due or (3) you have an average outstanding balance on your WSB OptionFlex Line-of Credit of $5,000 or 10% of your Credit Limit whichever is greater. Your average outstanding balance will be calculated by averaging the monthly average balances of your WSB OptionFlex Line of Credit for the 12 months preceding your anniversary date.  The Annual Fee credit will be deposited to your WSB checking account within sixty (60) business days of the Annual Fee being charged to your WSB OptionFlex Line-of Credit.  WSB OptionFlex Line of Credit has a Minimum Loan Amount of $5,000. Owner occupied collateral only and must be located in the following Wisconsin counties: Milwaukee, Waukesha, Ozaukee, Washington, Racine, Kenosha and Walworth. Consult a tax advisor regarding tax deductibility of interest. Your WSB OptionFlex Line-of-Credit variable rate APR will depend upon your LTV, credit limit, and credit qualifications.  Refinances of any existing WSB HELOC or WSB OptionFlex Line-of Credit loan are excluded from this offer.  Please stop by a branch location for more information.

WaterStone Bank SSB NMLS # 407327.




New Autos
10% Down Payment
TERMANNUAL PERCENTAGE RATE (APR)PAYMENT PER $1,000 BORROWED
60 Months5.85%$19.26
0% Down Payment
TERMANNUAL PERCENTAGE RATE (APR)PAYMENT PER $1,000 BORROWED
60 Months6.10%$19.38

Used Autos
Vehicle Year: 2015
TERMANNUAL PERCENTAGE RATE (APR)PAYMENT PER $1,000 BORROWED
24 Months5.09%$43.91
36 Months5.60%$30.24
48 Months6.10%$23.53
60 Months6.60%$19.61
Vehicle Year: 2014
TERMANNUAL PERCENTAGE RATE (APR)PAYMENT PER $1,000 BORROWED
24 Months6.09%$44.36
36 Months6.60%$30.69
48 Months7.10%$23.99
Vehicle Year: 2013
TERMANNUAL PERCENTAGE RATE (APR)PAYMENT PER $1,000 BORROWED
24 Months7.09%$44.81
36 Months7.59%$31.15

Click here to see Important Disclosure Details, Assumptions and Other Related Information

Minimum loan amount $5,000 and maximum loan amount $50,000. Other terms are available up to 60 months on new auto loans. To calculate the estimated monthly payment, multiply the payment per $1,000 borrowed by the loan amount in thousands. For example, a 60 month new auto loan for $10,000 would be: 10 X $19.26 = $192.60 per month. APRs do not include fees and are subject to meeting credit qualifications. Borrower(s) must be resident of the state of Wisconsin. Used cars are subject to maximum mileage limits please ask your lender for more details. Advertised APRs, and loan programs are subject to change at any time. APRs listed are effective as of 12/05/2016. The term listed is the maximum term. You may choose a term on used auto loans up to the maximum. WaterStone Bank NMLS #407327



NEW: Boat -- Motorcycle -- RV
10% Down Payment
TERMANNUAL PERCENTAGE RATE (APR)PAYMENT PER $1,000 BORROWED
60 Months7.85%$20.20
0% Down Payment
TERMANNUAL PERCENTAGE RATE (APR)PAYMENT PER $1,000 BORROWED
60 Months8.10%$20.32

USED: Boat -- Motorcycle -- RV
Vehicle Year: 2015
TERMANNUAL PERCENTAGE RATE (APR)PAYMENT PER $1,000 BORROWED
24 Months7.09%$44.81
36 Months7.59%$31.15
48 Months8.10%$24.46
Vehicle Year: 2014
TERMANNUAL PERCENTAGE RATE (APR)PAYMENT PER $1,000 BORROWED
24 Months8.08%$45.27
36 Months8.59%$31.61
Vehicle Year: 2013
TERMANNUAL PERCENTAGE RATE (APR)PAYMENT PER $1,000 BORROWED
24 Months9.08%$45.72

Click here to see Important Disclosure Details, Assumptions and Other Related Information

Minimum loan amount $5,000 and maximum loan amount $50,000.  Other terms are available up to 60 months on new boat, motorcycle or RV loans. To calculate the estimated monthly payment, multiply the payment per $1,000 borrowed by the loan amount in thousands.  For example, a 60 month loan for $10,000 would be: 10 X $20.20 = $202.00 per month.  APRs do not include fees and are subject to meeting credit qualifications.  Borrower(s) must be a resident of the state of Wisconsin. Advertised APRs and loan programs are subject to change at any time.  APRs listed are effective as of 12/05/2016. The term listed is the maximum term. You may choose a term on used Boat, Motorcycle and RV loans up to the maximum. WaterStone Bank NMLS #407327