You serve our communities. Let us help serve you.
As a police officer, firefighter, teacher, EMT, or paramedic, your local neighborhoods rely on you. At Waterstone Mortgage, we believe your service should be rewarded with a low down payment Community Heroes mortgage loan.
While nearly 50% of renters mistakenly believe they need to put 20% or more down on a home purchase,* this typically isn't true. Whether you're a first-time homebuyer or a repeat homebuyer, the Community Heroes loan program could be an ideal fit for you.
Eligible heroes: police officers, firefighters, teachers, EMTs, or paramedics
1% down payment required
5/1 or 7/1 adjustable rate mortgage/p>
First-time homebuyer not required
No income limits
Primary residence purchase loan
740 minimum FICO required
1-unit properties only
Maximum debt-to-income is 41%
Maximum loan limit is $453,100**