Why a Platinum Credit Approval Makes Sense

February 05, 2018
A Platinum Credit Approval allows you to present the next-best-thing to a cash offer.

When it comes to making an offer on your dream home, you want to be as confident as possible.

Imagine this… you are house-hunting when you find an absolutely perfect home. With no time to waste, you move ahead with making a full-price offer. You get the disappointing phone call from your Realtor the next day; the seller has decided to accept another full-price offer from a buyer who was pre-approved for a mortgage. In your excitement to buy a home, you neglected to take that step.


The real estate market is a competitive place – not to mention, buying a home is an impactful, meaningful, and often emotional decision. If you could rest assured that you’re presenting your best offer on a property, wouldn’t you want to seize that opportunity? Well, opportunity is officially knocking!

A Platinum Credit Approval (PCA) from Waterstone Mortgage is the strongest home loan pre-approval you can receive, and will help you present a compelling offer on a home.

This program is perfect for individuals who are actively searching for a home, want to present a strong offer (the next best thing to a cash offer), and who would like to ensure a speedy closing process.

Waterstone Platinum Credit Approval

So, what does a PCA involve? A Waterstone Mortgage underwriter will review your credit, income, and other documentation to determine the mortgage loan amount you are financially capable of repaying. Then, your loan will be fully credit underwritten before you begin making offers on homes. Finally, all that’s needed from here is proof of property value (e.g. appraisal) and adequate insurance (e.g. insurance binder).

It’s true that a PCA takes a little bit of time and effort up front. But, for many homebuyers, the benefits are entirely worth it.


With a PCA, you can:

  • Shop confidently. Knowing “how much” house you can afford before making offers will make your home search process easier.
  • Stand out from other buyers. In a competitive market, a PCA makes your offer more impactful than other buyers who haven’t been preapproved for a mortgage yet; in fact, it’s nearly as strong as an all-cash offer.
  • Close faster. Because your loan will be fully credit underwritten prior to your accepted offer, the loan process will proceed quickly, and you can get into your new home sooner.

Don’t lose a perfect home to another buyer. Begin the Platinum Credit Approval process, so you can shop confidently. Contact a local mortgage expert in your area to get started today. 

A Platinum Credit Approval is a pre-approval program offered by Waterstone Mortgage. In accordance with federal regulations, consumers are not required to provide verifying documents until they have submitted an application, received a Loan Estimate Disclosure, and stated their intent to proceed with the loan transaction. A pre-approval is not an offer to enter into an agreement, which must be made separately and in writing, and should not be construed as a commitment to lend. Waterstone Mortgage is not obligated to close and fund this loan unless all terms and conditions of the pre-approval have been met. Once a property is selected, Waterstone Mortgage must order and receive a satisfactory flood zone determination, property appraisal, and a satisfactory private mortgage insurance certification, if required. Waterstone Mortgage reserves the right to cancel this pre-approval in the event of any material misrepresentation in the customer’s application, in the event of an adverse change in the customer’s credit history, employment, income, assets, debt, or other factors affecting their financial status, or if the above requirements are not satisfied.