Loan Products Comparison

Looking for an "at a glance" summary of the differences between specific loan products? The table below shows some of the features of the loan products we offer and what sets those products apart.

Learn more about a specific product by clicking on the More Info button, or begin the mortgage application process by clicking Apply Now.

Mortgage Options

Advantages

Low Down Payment
Rate Security
Flexible Credit Guidelines
Special Program

Fixed Rate Mortgages

Fixed rate mortgages allow you to lock in an interest rate and payment for the entire life of your loan. Your rate and payment never increase, even if the market changes – giving you peace of mind. 
Advantages
Low Down Payment
Rate Security

Adjustable Rate Mortgages (ARM)

Adjustable rate mortgages offer lower initial interest rates and monthly payments than fixed rate mortgages in exchange for possible future rate adjustments. 
Advantages
Low Down Payment

FHA Loans

FHA loans are designed to help first-time homebuyers and seasoned homeowners by providing them with a low down payment option. Plus, it’s now easier than ever to qualify!
Advantages
Low Down Payment
Rate Security
Flexible Credit Guidelines

Home Affordable Refinancing Program (HARP)

If you're not behind on your mortgage payments but have been unable to get traditional refinancing because the value of your home has declined, you may be eligible to refinance with the Home Affordable Refinance Program (HARP).  
Advantages
Rate Security
Special Program

Jumbo Loans

Jumbo loans make it easier than ever for borrowers who dream big to own big. Let us help you achieve your dreams with reasonable terms and low rates.
Advantages
Rate Security

USDA / Rural Development Loans

USDA loans are designed to encourage rural land development and growth in rural areas. They were long thought of as “Farmers Loans”, but eligibility has recently been loosened, giving many people looking to purchase or refinance in a rural area access to their incredible benefits.
Advantages
Low Down Payment
Rate Security
Flexible Credit Guidelines

Single Loan Construction Program

Waterstone Mortgage’s Single Loan Construction program helps streamline the process of building your dream home and securing permanent financing. A single loan covers your construction costs and mortgage. One loan. One closing. One easy process.
Advantages
Rate Security
Special Program

VA Loans

Insured by the Veteran Affairs Department, VA Loans allow eligible veterans to realize their home buying dreams, and help existing VA homeowners with money-saving refinance options.
Advantages
Low Down Payment
Rate Security
Flexible Credit Guidelines

Condo Loans

A variety of financing options are available to get you into your condo quickly and without the hassle.
Advantages
Rate Security
Special Program

FHA 203(k) Streamline Loans

FHA 203(k) Streamline loans are an affordable financial tool you can use to buy AND fix up your home. With a 203(k) Streamline Loan, you may be able to purchase a property and bundle the cost of repairs, upgrades and other improvements all into one FHA loan.
Advantages
Low Down Payment
Rate Security
Special Program

FHA Streamline Refinances

FHA Streamline Refinances are designed for people who already have FHA mortgages and want to lower their monthly payments.
Advantages
Rate Security

Reverse Mortgages

Reverse Mortgages enable homeowners to convert part of the equity in their home into funds they can use. Instead of paying a lender each month, the lender will pay you.
Advantages
Rate Security
Special Program

Have a Question?

We have quick answers to your questions about purchasing or refinancing your home. Call us toll free at 800.354.1149, email us at info@waterstonemortgage.com, or visit a few other sections of our site to learn more:

  GETTING STARTED

It's easy! You can start the pre-qualification process online. When you're finished, you can also apply online for your mortgage loan. Get Started

  CALCULATORS

Easy-to-use financial tools to help you determine payment amounts, interest, savings, and more. If you have any questions or would like more information, be sure to contact us. We are happy to help you. View Calculators