platinum credit approval closing guarantee

The Waterstone Mortgage Platinum Credit Approval Closing Guarantee combines the strong assurance of our Platinum Credit Approval with the security of a closing guarantee — providing the peace of mind that buyers and sellers seek in an ever-changing, competitive market. 


Waterstone Mortgage proudly stands behind our Platinum Credit Approval process. With our new Platinum Credit Approval Closing Guarantee, if we are unable to close a Platinum Credit Approval loan — due to an internal error during our underwriting process — we will pay the seller(s) of the subject property $5,000.*

Benefits for Homebuyers

Submit your Platinum Credit Approval offers with more confidence than ever, knowing that we stand behind our commitment to help you achieve your homeownership goals.

Benefits for Sellers

Accept an offer from our client with a Platinum Credit Approval Closing Guarantee and rest assured knowing that the loan will close — or receive $5,000* from us!

If you’re considering purchasing a home soon, now is the time to get started with your Platinum Credit Approval process! Our Platinum Credit Approval Closing Guarantee is available only for eligible loans that are locked by June 30, 2024 (in other words, the interest rate is determined and locked in by that date).

Submit your offer with more confidence than ever before.

Find a loan originator in your area to start your Platinum Credit Approval process today!

*Customer must receive a fully approved, not conditional, underwritten Waterstone Mortgage Platinum Credit Approval (PCA) issued prior to the date of the purchase contract to qualify for the Platinum Credit Approval Closing Guarantee (PCACG) and must complete all steps required by Waterstone Mortgage as part of the loan process, including, but not limited to, all documentation, information requested, and authorization for Waterstone Mortgage to obtain a full tri-merge credit report. The PCACG shall not apply unless all terms and conditions of the PCA have been met. The PCA 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 a loan 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. The PCACG becomes void in the event of any material misrepresentation in the customer’s application, or an adverse change in the customer’s credit history, employment, income, assets, debt, or other factors affecting their financial status. Further, the PCACG is contingent upon the honest and accurate representation of all parties involved. Any act of fraud, misrepresentation, or deceit committed by either the buyer or the seller during the course of the transaction shall render the PCACG null and void. Provided the loan does not close due to a Waterstone Mortgage underwriting error and the requirements outlined herein are satisfied, Waterstone Mortgage will  pay the seller of the subject property $5,000 within ten (10) business days. Rates, program terms, and conditions are subject to change without notice. The PCACG is for conforming Conventional, FHA, VA, and USDA loan programs only. If you elect to change loan programs after the PCA approval and your eligibility for the program no longer qualifies, the PCA approval will render this offer void.