Specialty Loans
Looking to finance your home, but your needs don’t seem to fit the mold of a traditional mortgage? Our wide variety of niche and specialty loan programs may be just the ticket.
specialty home loans at Waterstone Mortgage
Asset Depletion Loans:
Our asset depletion mortgage program allows qualified homebuyers to use their liquid assets—such as savings, investments, or retirement accounts—to help qualify for a home loan, even without traditional income documentation.
Loans for Condos:
Our condo loan program helps homebuyers purchase a condominium with flexible financing options. Buying a condo provides the benefits of homeownership similar to a single-family home, often with lower maintenance and shared community amenities.
Investment Property Financing:
Our investment property mortgage program helps real estate investors finance rental homes and multi-unit properties. Qualified borrowers can finance up to 85% loan-to-value (LTV) for single-family investment homes and 75% LTV for 2–4 unit investment properties.
Loans for Medical Professionals:
Our doctor loan program is designed for physicians, dentists, veterinarians, and other eligible medical professionals* who want to purchase a home with no down payment and flexible mortgage options.
Loans for Non-U.S. Citizens:
Our mortgage programs for non-U.S. citizens provide financing options for homebuyers who want to purchase a home in the United States but do not have a Social Security number (SSN).
Loans for Self-Employed Homebuyers:
Our self-employed mortgage programs help entrepreneurs, freelancers, and business owners qualify for a home loan using alternative documentation options, including our bank statement loan program.).
Manufactured Homes:
Our manufactured home loan programs offer conventional, FHA, and VA mortgage options for both single-wide and double-wide manufactured homes.
Native American Home Loan Program:
The HUD Section 184 Indian Home Loan Guarantee Program provides mortgage financing for eligible members of federally recognized Native American tribes, helping expand access to affordable homeownership.
Portfolio Loans:
Our portfolio mortgage programs offer flexible home financing options outside traditional conventional or government loan guidelines.
Powerhouse 100:
Our Powerhouse 100 mortgage program is a no-down-payment home loan option that requires only two months of reserves, which may come from a gift.
more specialty loans
We also offer great programs like the Home Possible® and HomeReady® loan programs, which provide affordable financing options for qualified homebuyers. As little as a 3% down payment is required — plus, eligible homebuyers may receive a $2,500 closing cost credit.
By offering more options, our mortgage loan professionals are able to help more homebuyers achieve their homebuying goals.
All loan requests are subject to credit approval as well as specific loan program requirements and guidelines. *Eligible professions include: Medical Doctor (MD), Doctor of Osteopathy (DO), Doctor of Dental Science or Surgery (DDS), Doctor of Dental Medicine (DMD), Doctor of Ophthalmology (MD or DO), Doctor of Psychiatry (MD or DO), Doctor of Pharmacy (PharmD), Doctor of Veterinary Medicine (DVM/VMD), Doctor of Podiatric Medicine (DPM), Certified Registered Nurse Anesthetist (CRNA), medical residents, fellows, or interns with one of the above degrees. **Actuaries with the following designations are eligible: Associate of the Casualty Actuarial Society (ACAS), Fellow of the Casualty Actuarial Society (FCAS), Associate of the Society of Actuaries (ASA), Fellow of the Society of Actuaries (FSA), Member of the American Academy of Actuaries (MAAA), Member of the Society of Pension Actuaries (MSPA), Fellow of the Society of Pension Actuaries (FSPA)
