We are a correspondent lender and are wholly owned by Waterstone Bank of Pewaukee, WI. Waterstone Bank was started in 1921. As a correspondent lender, we originate, process, underwrite and close our own loans. We also have the ability to broker loans. This means that our product menu is very extensive, which benefits our clients. We offer VA, FHA, USDA, Conforming and Jumbo loans and we are still able to finance most condotels, offering our clients an easy process and a quick closing! We can also do construction/perm loans for people buying a manufactured/mobile home from a dealer and putting it on a lot they either already own or are purchasing, we offer the FHA 203(k) program, and we can do construction/perm loans for site built homes with a one time close, thus saving our clients from having to pay two sets of closing costs!
My area of expertise is on 2nd homes and investment properties, condos and condotels, as well as FHA, USDA Rural Housing Loans, and VA Loans! Our Destin/Ft. Walton Beach office is also the preferred lender for several condotel projects in the Orlando/Celebration area of Florida because of the professionalism and ease of closing we offer to the clients. We underwrite in our offices to get your clients to closing FAST! I am a national trainer for Loan Officers, training them on the USDA Rural Housing program, which is a 100% program that can, in many cases, including rolling in the closing costs to the mortgage.
We are located directly behind the Emerald Coast Association of Realtors office, off of Hollywood Boulevard in Ft. Walton Beach