# Waterstone Mortgage Corporation

> **Canonical URL:** https://saferate.com/lenders/waterstone-mortgage


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Waterstone Mortgage Corporation is a independent mortgage company, headquartered in Pewaukee, WI, serving borrowers nationwide, with 6,322 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 85% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 20% for loan approval success

## Overview

- **Institution Type:** Independent Mortgage Company
- **LEI (Legal Entity Identifier):** 549300GRGZDEH4ZGQS06
- **Headquarters:** Pewaukee, WI
- **Geographic Reach:** National
- **States Served:** 48
- **State List:** AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV
- **Markets (MSAs):** 50
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Mediocre 😐
- Score: 15/100
- Rating: ●○○○○ (1/5)

### Pull Through: Strong 😀
- Score: 80/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.505%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $4,303
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 6,322
- **Dollar Volume:** $2.0 billion
- **Applications Received:** 8,642
- **Market Share:** 18.00%

## Typical Borrower Profile

- **Average Loan Amount:** $321,787
- **Average Borrower Income:** $131,102
- **Average Property Value:** $403,749

## Safe Rate Awards 🏆

- ⭐ **FHA Gold Superstar** (62%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 85/100 | 3,951 | +0.440% | $4,159 | Exceptional 🤩 |
| FHA | 87/100 | 1,692 | +0.862% | $4,635 | Exceptional 🤩 |
| VA | 83/100 | 564 | -0.010% | $4,748 | Exceptional 🤩 |
| Jumbo | 71/100 | 58 | +0.404% | $3,109 | Strong 😀 |
| USDA | 81/100 | 57 | +0.454% | $3,772 | Exceptional 🤩 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 3,608 loans, Score: 86/100 (Exceptional)
- Refinance: 343 loans, Score: 71/100 (Strong)

**FHA:**
- Purchase: 1,614 loans, Score: 88/100 (Exceptional)
- Refinance: 78 loans, Score: 75/100 (Strong)

**VA:**
- Purchase: 514 loans, Score: 83/100 (Exceptional)
- Refinance: 50 loans, Score: 78/100 (Strong)

**Jumbo:**
- Purchase: 51 loans, Score: 73/100 (Strong)

**USDA:**
- Purchase: 57 loans, Score: 81/100 (Exceptional)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 87/100 | 5,844 | $1.9B | +0.514% | Exceptional 🤩 |
| Refinance | 70/100 | 478 | $167M | +0.408% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| NM | 1,432 | 6.99% | 100/100 |
| FL | 1,343 | 0.46% | 79/100 |
| TX | 495 | 0.14% | 69/100 |
| AZ | 367 | 0.37% | 72/100 |
| WI | 352 | 0.53% | 74/100 |
| OK | 336 | 0.81% | 75/100 |
| VA | 299 | 0.28% | 72/100 |
| ID | 172 | 0.64% | 66/100 |
| MO | 171 | 0.23% | 63/100 |
| MD | 133 | 0.19% | 62/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Albuquerque, NM | NM | 1,030 | 100/100 |
| Non |  | 743 | 73/100 |
| Orlando | FL | 369 | 79/100 |
| Phoenix | AZ | 339 | 72/100 |
| Deltona | FL | 301 | 87/100 |
| Tulsa, OK | OK | 265 | 77/100 |
| Kansas City, MO | MO-KS | 233 | 71/100 |
| Boise City, ID | ID | 155 | 70/100 |
| Minneapolis | MN-WI | 155 | 65/100 |
| Crestview | FL | 118 | 80/100 |
| Fort Worth | TX | 103 | 65/100 |
| Las Cruces, NM | NM | 100 | 77/100 |
| Santa Fe, NM | NM | 98 | 100/100 |
| Dallas | TX | 95 | 60/100 |
| Tampa, FL | FL | 94 | 62/100 |

## Where This Lender Ranks

Waterstone Mortgage Corporation appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥈 **#2** in Weirton for USDA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/weirton/best-mortgage-lenders/mortgage-companies/usda-loans)
- 🥉 **#3** in Weirton for USDA Loans
  - [View Full Rankings](https://saferate.com/weirton/best-mortgage-lenders/usda-loans)
- 🏆 **#5** in New Mexico for Jumbo Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/new-mexico/best-mortgage-lenders/mortgage-companies/jumbo-loans)
- 🏆 **#5** in Santa Fe, NM for VA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/santa-fe-nm/best-mortgage-lenders/mortgage-companies/va-loans)
- 🏆 **#5** in Weirton for FHA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/weirton/best-mortgage-lenders/mortgage-companies/fha-loans)
- 🏆 **#6** in Santa Fe, NM for FHA Loans
  - [View Full Rankings](https://saferate.com/santa-fe-nm/best-mortgage-lenders/fha-loans)
- 🏆 **#6** in Santa Fe, NM for FHA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/santa-fe-nm/best-mortgage-lenders/mortgage-companies/fha-loans)
- 🏆 **#6** in Farmington, NM for Conventional Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/farmington-nm/best-mortgage-lenders/mortgage-companies/conventional-loans)
- 🏆 **#7** in Tulsa, OK for USDA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/tulsa-ok/best-mortgage-lenders/mortgage-companies/usda-loans)
- 🏆 **#7** in Santa Fe, NM for VA Loans
  - [View Full Rankings](https://saferate.com/santa-fe-nm/best-mortgage-lenders/va-loans)
- 🏆 **#7** in Farmington, NM Mortgage Companies
  - [View Full Rankings](https://saferate.com/farmington-nm/best-mortgage-lenders/mortgage-companies)
- 🏆 **#8** in Santa Fe, NM Mortgage Companies
  - [View Full Rankings](https://saferate.com/santa-fe-nm/best-mortgage-lenders/mortgage-companies)
- 🏆 **#8** in Appleton, WI for VA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/appleton-wi/best-mortgage-lenders/mortgage-companies/va-loans)
- 🏆 **#8** in Blacksburg for VA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/blacksburg/best-mortgage-lenders/mortgage-companies/va-loans)
- 🏆 **#8** in Farmington, NM
  - [View Full Rankings](https://saferate.com/farmington-nm/best-mortgage-lenders)
- 🏆 **#8** in Farmington, NM for Conventional Loans
  - [View Full Rankings](https://saferate.com/farmington-nm/best-mortgage-lenders/conventional-loans)
- 🏆 **#8** in Farmington, NM for FHA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/farmington-nm/best-mortgage-lenders/mortgage-companies/fha-loans)
- 🏆 **#8** in Weirton for FHA Loans
  - [View Full Rankings](https://saferate.com/weirton/best-mortgage-lenders/fha-loans)
- 🏆 **#9** in Blacksburg for VA Loans
  - [View Full Rankings](https://saferate.com/blacksburg/best-mortgage-lenders/va-loans)
- 🏆 **#9** in Oshkosh for FHA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/oshkosh/best-mortgage-lenders/mortgage-companies/fha-loans)

## Frequently Asked Questions

### What loan types does Waterstone Mortgage Corporation offer?

Waterstone Mortgage Corporation offers the following mortgage loan types: FHA, Conventional, VA, Jumbo, USDA. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Waterstone Mortgage Corporation offer mortgages?

Waterstone Mortgage Corporation is a national lender offering mortgages in all 50 states plus Washington D.C.

### How competitive are Waterstone Mortgage Corporation's mortgage rates?

Waterstone Mortgage Corporation has a pricing score of 15/100 (Mediocre), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.505% above market average.

### What type of lender is Waterstone Mortgage Corporation?

Waterstone Mortgage Corporation is a non-depository lender that specializes in mortgage origination, headquartered in Pewaukee, WI.

### What is Waterstone Mortgage Corporation's loan approval success rate?

Waterstone Mortgage Corporation has a pull-through score of 80/100 (Exceptional). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/waterstone-mortgage

### How to Cite

> "Waterstone Mortgage Corporation Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/waterstone-mortgage

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