Powerhouse 100

Looking for an affordable homeownership solution? Waterstone Mortgage’s Powerhouse 100 loan program offers 100% financing for eligible homebuyers — that means no down payment required.

program details

  • No down payment required
  • Loan amounts up to $766,550
  • FICO score as low as 720
  • Primary residence only
  • 5/6, 7/6, and 10/6 adjustable-rate mortgage options available
  • No income limits

  • No first-time homebuyer requirement

  • Only a 1% homebuyer contribution required which can come from a gift


With adjustable-rate mortgages (ARM), the interest rate is variable and may increase or decrease after the initial fixed rate period based on changes to an index. This could result in an increase in the monthly payment. Geographical variations may apply. Specific information about loan adjustment period available at application.