Wealth Building Loan

Wealth building home loan requirements for your family

Did you know eligible homebuyers can get a mortgage with no down payment? If your mind is blown right now, you’re not alone.

Many homebuyers are discovering Waterstone Mortgage’s own Wealth Building Loan is an ideal option for their mortgage needs. With no down payment required, and the opportunity to build equity quickly, the Wealth Building Loan is a winning option for many homebuyers.

What is the Wealth Building Loan?

Designed to help savvy borrowers build equity in their home faster, the Wealth Building Loan is unique to Waterstone Mortgage, requires no down payment, and offers eligible borrowers a 7-1 Adjustable Rate Mortgage with a 20-year amortization.

Wealth Building Loan Benefits

  • Eliminates monthly mortgage insurance payments nearly four years sooner than a 30-year conventional loan with a 3% down payment
  • Helps homebuyers build equity quickly by applying more of their payment to principal and less to interest each month.

Wealth Building Loan Qualifying Factors

  • Occupancy: Primary residence, owner occupied
  • Property type: 1-unit residences, condominiums
  • Maximum loan amount: $650,000 (except in certain FHFA High Cost Areas)
  • Loan type: 7-1 Adjustable Rate Mortgage with a 20‑year amortization


All loan requests are subject to credit approval as well as specific loan program requirements and guidelines. With Adjustable Rate Mortgage loans, the rate is variable and may increase or decrease every year after the initial fixed rate period based on changes to an index. This could result in an increase in the monthly payment.