Waterstone Mortgage - Fort Walton Beach, FL

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.

Program Details

Eligible heroes: police officers and law enforcement employees, military service members, firefighters, teachers and school employees, EMTs, paramedics, nurses, or CNAs
1% down payment required
5/1 or 7/1 adjustable rate mortgage/p>
First-time homebuyer not required
Primary residence purchase loan
740 minimum FICO required
1-unit properties only
Maximum loan limit is $484,350**

Next, you may want to compare home loan options and find the perfect one for your needs, or find a loan originator co can assist.

_{Geographic restrictions apply.

*Source:
Ellie Mae

**Loan limits may be higher in some locations. Contact your loan originator to learn more.

All loan requests are subject to credit approval as well as specific loan program requirements and guidelines. With Adjustable Rate Mortgage loans, the rate is variable and may increase or decrease every year after the initial
fixed rate period based on changes to an index. This could result in an increase in the monthly payment.}