Mortgages

Adjustable Rate Mortgages (ARMs)

• Option of 3-year, 5-year, or 7-year ARM
• ARMs are available for purchase or refinance of owner occupied or second homes
• Owner Occupied loans up to 85% Loan to Value, with no mortgage insurance required
• Non-Owner Occupied products for an individual or entity loans - Contact a Lender for details or to apply
• ARMs are available for investment properties - Contact a Lender for details or to apply

Equity Builder Mortgage

• Low-to-no down payment options
• More money applies to your principal and less applies to interest each month, which results in building home equity very quickly
• Eliminate mortgage insurance earlier in the life of the loan

Specialized Mortgage Programs for Medical Students and Residents

• Includes qualifying income based on employment contract
• Low down payment programs
• Option of 3-year, 5-year, or 7-year ARM
• Available for purchase of an owner occupied property

Other Loan Options

Waterstone Mortgage Corporation (a subsidiary of WaterStone Bank) offers additional mortgage options with its wide range of products.