Waterstone Mortgage Corporation Rates, Fees & Info

Pewaukee, WI

LEI: 549300GRGZDEH4ZGQS06

Tax ID: 39-2001010

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

Review & Overview

Waterstone Mortgage Corporation is a small mortgage company specializing in Home Purchase loans. Waterstone Mortgage Corporation has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Minneapolis, Orlando, Tampa, Albuquerque, and Phoenix among others. We have data for 309 markets. (Some data included below & more in-depth data is available with an active subscription.)

Waterstone Mortgage Corporation has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Waterstone Mortgage Corporation is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 7.01% 4/22/24
30 Year Conventional Refi 6.79% 4/22/24
30 Year Cash-out Refi 6.98% 4/22/24
30 Year FHA Purchase 7.56% 4/22/24
30 Year FHA Refi 7.35% 4/22/24
30 Year VA Purchase 6.43% 4/22/24
30 Year VA Refi 6.05% 4/22/24
30 Year USDA Purchase 6.85% 4/22/24
15 Year Conventional Purchase 6.39% 4/22/24
15 Year Conventional Refi 6.25% 4/22/24
15 Year Cash-out Refi 6.25% 4/22/24
15 Year VA Purchase 6.64% 4/22/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Waterstone Mortgage Corporation Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Waterstone Mortgage Corporation. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

11,427

Origination Dollar Volume (All Markets)

$2,458,445,000
Show all (9) awards

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1,102 $270,020,000 $245,027 $5,350 4.98%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 800 $189,970,000 $237,463 $5,928 5.01%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 575 $131,745,000 $229,122 $5,752 4.94%
ALBUQUERQUE, NM (FHA|USDA|VA) 766 $127,180,000 $166,031 $4,102 5.17%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 521 $127,115,000 $243,983 $6,611 5.06%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 424 $109,400,000 $258,019 $5,734 4.81%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 474 $101,670,000 $214,494 $3,628 4.98%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 301 $87,335,000 $290,150 $6,402 4.87%
MADISON, WI (FHA|USDA|VA) 384 $79,530,000 $207,109 $4,106 4.89%
SALISBURY, MD-DE (FHA|USDA|VA) 211 $68,475,000 $324,526 $5,336 4.67%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 185 $58,365,000 $315,486 $8,138 4.84%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 524 $56,790,000 $108,378 $5,158 5.12%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 187 $55,865,000 $298,743 $5,932 4.98%
Outside of Metro Areas 400 $55,200,000 $138,000 $4,495 5.08%
BOISE CITY, ID (FHA|USDA|VA) 211 $42,785,000 $202,773 $5,559 4.99%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 192 $42,590,000 $221,823 $6,490 4.84%
SANTA FE, NM (FHA|USDA|VA) 140 $40,610,000 $290,071 $4,968 4.98%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 175 $40,115,000 $229,229 $6,428 5.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 133 $35,495,000 $266,880 $6,195 4.83%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 107 $35,055,000 $327,617 $6,082 5.00%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 164 $31,300,000 $190,854 $5,474 5.09%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 148 $28,510,000 $192,635 $4,782 5.05%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 111 $27,235,000 $245,360 $6,812 5.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 87 $23,015,000 $264,540 $6,378 4.79%
APPLETON, WI (FHA|USDA|VA) 163 $22,025,000 $135,123 $3,592 5.14%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 51 $21,525,000 $422,059 $8,524 4.65%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 120 $20,750,000 $172,917 $4,118 5.01%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 104 $19,530,000 $187,788 $3,827 4.99%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 70 $18,540,000 $264,857 $6,682 5.32%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 96 $18,000,000 $187,500 $4,425 4.99%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 84 $15,010,000 $178,690 $6,099 5.09%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 80 $15,000,000 $187,500 $5,669 5.11%
SALEM, OR (FHA|USDA|VA) 61 $14,725,000 $241,393 $7,212 5.10%
OCALA, FL (FHA|USDA|VA) 105 $14,235,000 $135,571 $6,139 5.22%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 56 $13,300,000 $237,500 $5,618 4.92%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 113 $12,955,000 $114,646 $3,265 5.09%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 39 $12,865,000 $329,872 $8,427 5.00%
BEND, OR (FHA|USDA|VA) 39 $12,295,000 $315,256 $6,795 4.98%
Baraboo, WI (FHA|USDA|VA) 78 $11,880,000 $152,308 $4,078 4.97%
RICHMOND, VA (FHA|USDA|VA) 55 $11,115,000 $202,091 $4,974 4.81%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 35 $10,945,000 $312,714 $5,270 4.83%
PANAMA CITY, FL (FHA|USDA|VA) 43 $9,595,000 $223,140 $7,041 4.81%
CEDAR RAPIDS, IA (FHA|USDA|VA) 67 $9,225,000 $137,687 $4,568 5.01%
DOVER, DE (FHA|USDA|VA) 45 $9,125,000 $202,778 $5,633 4.97%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 59 $7,595,000 $128,729 $3,482 5.10%
TULSA, OK (FHA|USDA|VA) 47 $7,585,000 $161,383 $4,797 5.25%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 29 $7,585,000 $261,552 $3,878 4.87%
STAUNTON, VA (FHA|USDA|VA) 41 $7,125,000 $173,780 $5,041 5.06%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 14 $6,940,000 $495,714 $5,958 4.28%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 23 $6,375,000 $277,174 $4,867 4.85%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 22 $6,360,000 $289,091 $6,864 4.99%
WAUSAU-WESTON, WI (FHA|USDA|VA) 50 $6,190,000 $123,800 $4,354 5.03%
JACKSON, MI (FHA|USDA|VA) 37 $6,025,000 $162,838 $3,221 5.14%
BLOOMINGTON, IN (FHA|USDA|VA) 28 $5,550,000 $198,214 $3,515 4.91%
GREEN BAY, WI (FHA|USDA|VA) 34 $5,480,000 $161,176 $3,931 4.98%
TALLAHASSEE, FL (FHA|USDA|VA) 29 $5,375,000 $185,345 $5,807 4.80%
Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 46 $5,070,000 $110,217 $4,486 5.11%
PORT ST. LUCIE, FL (FHA|USDA|VA) 20 $4,890,000 $244,500 $5,443 5.02%
RALEIGH-CARY, NC (FHA|USDA|VA) 17 $4,805,000 $282,647 $3,932 5.04%
BLOOMINGTON, IL (FHA|USDA|VA) 31 $4,765,000 $153,710 $4,251 4.94%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 24 $4,730,000 $197,083 $6,581 4.73%
Los Alamos, NM (FHA|USDA|VA) 15 $4,325,000 $288,333 $6,165 4.80%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 17 $4,295,000 $252,647 $7,189 4.92%
Enterprise, AL (FHA|USDA|VA) 24 $4,030,000 $167,917 $4,206 4.74%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 18 $3,900,000 $216,667 $4,381 4.83%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 22 $3,810,000 $173,182 $6,144 5.04%
EVANSVILLE, IN-KY (FHA|USDA|VA) 20 $3,620,000 $181,000 $4,223 4.96%
Stevens Point, WI (FHA|USDA|VA) 30 $3,510,000 $117,000 $3,327 5.07%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 12 $3,480,000 $290,000 $5,689 4.98%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 13 $3,435,000 $264,231 $5,078 4.87%
LANCASTER, PA (FHA|USDA|VA) 19 $3,425,000 $180,263 $7,878 5.01%
LAS CRUCES, NM (FHA|USDA|VA) 27 $3,235,000 $119,815 $3,707 5.40%
RACINE, WI (FHA|USDA|VA) 13 $2,875,000 $221,154 $4,277 4.83%
AKRON, OH (FHA|USDA|VA) 22 $2,670,000 $121,364 $5,161 5.15%
DAYTON-KETTERING, OH (FHA|USDA|VA) 21 $2,605,000 $124,048 $4,740 5.07%
FARMINGTON, NM (FHA|USDA|VA) 16 $2,570,000 $160,625 $4,448 5.13%
Beaver Dam, WI (FHA|USDA|VA) 16 $2,470,000 $154,375 $4,012 4.83%
VALLEJO, CA (FHA|USDA|VA) 9 $2,435,000 $270,556 $7,279 4.89%
PEORIA, IL (FHA|USDA|VA) 17 $2,285,000 $134,412 $6,106 5.07%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 16 $2,270,000 $141,875 $5,269 5.27%
Fort Dodge, IA (FHA|USDA|VA) 29 $2,265,000 $78,103 $3,450 5.00%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 7 $2,215,000 $316,429 $4,940 4.98%
JACKSONVILLE, FL (FHA|USDA|VA) 10 $2,190,000 $219,000 $5,074 5.06%
Ashtabula, OH (FHA|USDA|VA) 18 $2,190,000 $121,667 $5,583 5.04%
FOND DU LAC, WI (FHA|USDA|VA) 17 $2,165,000 $127,353 $3,558 5.04%
ALBANY-LEBANON, OR (FHA|USDA|VA) 10 $2,090,000 $209,000 $5,608 4.90%
STATE COLLEGE, PA (FHA|USDA|VA) 8 $1,990,000 $248,750 $4,810 4.89%
SALT LAKE CITY, UT (FHA|USDA|VA) 3 $1,945,000 $648,333 $4,618 5.08%
SHERMAN-DENISON, TX (FHA|USDA|VA) 7 $1,925,000 $275,000 $5,448 5.05%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 5 $1,855,000 $371,000 $5,525 5.18%
GREELEY, CO (FHA|USDA|VA) 5 $1,855,000 $371,000 $7,504 5.05%
Clewiston, FL (FHA|USDA|VA) 10 $1,800,000 $180,000 $9,326 4.95%
Concord, NH (FHA|USDA|VA) 8 $1,760,000 $220,000 $4,591 5.00%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 7 $1,715,000 $245,000 $4,804 4.93%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 6 $1,700,000 $283,333 $5,637 5.21%
ST. CLOUD, MN (FHA|USDA|VA) 10 $1,570,000 $157,000 $3,562 5.03%
COLUMBUS, OH (FHA|USDA|VA) 10 $1,560,000 $156,000 $4,958 5.23%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 13 $1,555,000 $119,615 $5,162 5.11%
Whitewater, WI (FHA|USDA|VA) 10 $1,530,000 $153,000 $3,741 5.10%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 4 $1,500,000 $375,000 $5,224 4.78%
SHEBOYGAN, WI (FHA|USDA|VA) 9 $1,485,000 $165,000 $3,188 5.15%
Las Vegas, NM (FHA|USDA|VA) 10 $1,470,000 $147,000 $5,864 5.14%
Shawano, WI (FHA|USDA|VA) 13 $1,465,000 $112,692 $3,495 5.05%
Brainerd, MN (FHA|USDA|VA) 7 $1,455,000 $207,857 $4,219 4.93%
Plymouth, IN (FHA|USDA|VA) 1 $1,435,000 $1,435,000 $5,129 4.63%
Taos, NM (FHA|USDA|VA) 6 $1,430,000 $238,333 $3,767 5.06%
Salem, OH (FHA|USDA|VA) 12 $1,420,000 $118,333 $5,981 5.06%
FLAGSTAFF, AZ (FHA|USDA|VA) 4 $1,360,000 $340,000 $6,072 4.88%
LYNCHBURG, VA (FHA|USDA|VA) 8 $1,360,000 $170,000 $7,425 5.06%
YORK-HANOVER, PA (FHA|USDA|VA) 5 $1,315,000 $263,000 $5,327 5.38%
IOWA CITY, IA (FHA|USDA|VA) 7 $1,315,000 $187,857 $4,658 4.93%
PITTSBURGH, PA (FHA|USDA|VA) 7 $1,315,000 $187,857 $7,178 5.09%
Menomonie, WI (FHA|USDA|VA) 8 $1,260,000 $157,500 $5,563 5.31%
DOTHAN, AL (FHA|USDA|VA) 7 $1,215,000 $173,571 $4,269 4.61%
KANSAS CITY, MO-KS (FHA|USDA|VA) 8 $1,200,000 $150,000 $2,866 5.27%
Laconia, NH (FHA|USDA|VA) 7 $1,185,000 $169,286 $4,407 5.00%
PROVO-OREM, UT (FHA|USDA|VA) 3 $1,185,000 $395,000 $9,599 4.71%
Prineville, OR (FHA|USDA|VA) 6 $1,150,000 $191,667 $6,846 4.94%
RENO, NV (FHA|USDA|VA) 2 $1,120,000 $560,000 $7,237 5.19%
Red Wing, MN (FHA|USDA|VA) 4 $1,100,000 $275,000 $6,161 4.84%
EAU CLAIRE, WI (FHA|USDA|VA) 7 $1,075,000 $153,571 $3,817 5.27%
Danville, VA (FHA|USDA|VA) 8 $1,060,000 $132,500 $5,039 4.56%
Faribault-Northfield, MN (FHA|USDA|VA) 5 $1,035,000 $207,000 $5,908 4.90%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 4 $1,000,000 $250,000 $4,851 4.91%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $990,000 $495,000 $5,660 4.56%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 4 $980,000 $245,000 $4,600 4.94%
COLORADO SPRINGS, CO (FHA|USDA|VA) 3 $965,000 $321,667 $5,759 4.71%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 2 $960,000 $480,000 $3,414 5.06%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $960,000 $480,000 $5,909 4.31%
READING, PA (FHA|USDA|VA) 5 $955,000 $191,000 $6,511 4.85%
Bonham, TX (FHA|USDA|VA) 5 $925,000 $185,000 $5,237 4.98%
LOUISVILLE, KY (FHA|USDA|VA) 5 $925,000 $185,000 $3,046 4.60%
WILMINGTON, NC (FHA|USDA|VA) 2 $920,000 $460,000 $5,172 5.00%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 4 $920,000 $230,000 $4,213 4.91%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 3 $915,000 $305,000 $4,542 4.83%
Hutchinson, MN (FHA|USDA|VA) 7 $905,000 $129,286 $3,531 4.99%
Roswell, NM (FHA|USDA|VA) 10 $900,000 $90,000 $3,208 5.38%
CANTON-MASSILLON, OH (FHA|USDA|VA) 4 $900,000 $225,000 $8,079 4.81%
PUNTA GORDA, FL (FHA|USDA|VA) 3 $885,000 $295,000 $5,606 5.13%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 3 $885,000 $295,000 $6,505 4.88%
GAINESVILLE, FL (FHA|USDA|VA) 4 $880,000 $220,000 $6,145 4.84%
CORVALLIS, OR (FHA|USDA|VA) 3 $875,000 $291,667 $6,813 4.58%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 4 $860,000 $215,000 $3,248 5.09%
WINSTON-SALEM, NC (FHA|USDA|VA) 3 $825,000 $275,000 $2,908 4.75%
Key West, FL (FHA|USDA|VA) 2 $820,000 $410,000 $6,178 4.75%
KNOXVILLE, TN (FHA|USDA|VA) 3 $805,000 $268,333 $5,337 5.13%
BOULDER, CO (FHA|USDA|VA) 2 $780,000 $390,000 $3,376 4.88%
TYLER, TX (FHA|USDA|VA) 2 $780,000 $390,000 $10,250 4.38%
Edwards, CO (FHA|USDA|VA) 2 $780,000 $390,000 $4,439 4.88%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 4 $730,000 $182,500 $5,603 5.09%
TOLEDO, OH (FHA|USDA|VA) 5 $725,000 $145,000 $6,297 5.05%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 3 $725,000 $241,667 $7,277 4.88%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 2 $700,000 $350,000 $4,653 5.19%
Jasper, IN (FHA|USDA|VA) 2 $700,000 $350,000 $3,604 4.88%
DULUTH, MN-WI (FHA|USDA|VA) 5 $695,000 $139,000 $3,413 5.15%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 3 $695,000 $231,667 $5,167 4.75%
EspaƱola, NM (FHA|USDA|VA) 4 $660,000 $165,000 $4,335 4.88%
FORT COLLINS, CO (FHA|USDA|VA) 2 $660,000 $330,000 $8,770 5.31%
ROCHESTER, MN (FHA|USDA|VA) 2 $660,000 $330,000 $5,931 4.88%
Manitowoc, WI (FHA|USDA|VA) 3 $655,000 $218,333 $4,905 5.21%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 4 $640,000 $160,000 $3,288 4.84%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 3 $635,000 $211,667 $4,182 4.96%
FAYETTEVILLE, NC (FHA|USDA|VA) 3 $605,000 $201,667 $6,556 4.79%
THE VILLAGES, FL (FHA|USDA|VA) 3 $605,000 $201,667 $6,924 4.96%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $580,000 $290,000 $6,024 4.44%
Holland, MI (FHA|USDA|VA) 4 $570,000 $142,500 $3,984 5.16%
AMES, IA (FHA|USDA|VA) 5 $565,000 $113,000 $3,885 5.20%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $565,000 $565,000 $4,302 4.38%
Gallup, NM (FHA|USDA|VA) 4 $560,000 $140,000 $3,597 5.25%
Muskogee, OK (FHA|USDA|VA) 2 $550,000 $275,000 $3,344 5.19%
Newport, OR (FHA|USDA|VA) 2 $510,000 $255,000 $4,750 5.31%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 4 $500,000 $125,000 $6,986 5.13%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 3 $495,000 $165,000 $4,666 4.75%
STOCKTON, CA (FHA|USDA|VA) 2 $490,000 $245,000 $4,285 4.69%
Ontario, OR-ID (FHA|USDA|VA) 2 $480,000 $240,000 $5,972 4.75%
LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 4 $480,000 $120,000 $2,614 5.19%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 2 $480,000 $240,000 $4,472 4.75%
Durango, CO (FHA|USDA|VA) 2 $470,000 $235,000 $3,117 4.94%
TUCSON, AZ (FHA|USDA|VA) 3 $465,000 $155,000 $7,076 5.17%
MEDFORD, OR (FHA|USDA|VA) 1 $455,000 $455,000 $5,451 4.88%
Bozeman, MT (FHA|USDA|VA) 1 $455,000 $455,000 $3,382 4.63%
Mountain Home, ID (FHA|USDA|VA) 2 $450,000 $225,000 $6,657 5.19%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 2 $450,000 $225,000 $2,889 5.00%
ANN ARBOR, MI (FHA|USDA|VA) 2 $440,000 $220,000 $2,926 5.38%
Butte-Silver Bow, MT (FHA|USDA|VA) 1 $425,000 $425,000 $11,630 4.38%
Marshalltown, IA (FHA|USDA|VA) 6 $410,000 $68,333 $3,320 5.35%
Owatonna, MN (FHA|USDA|VA) 2 $400,000 $200,000 $7,022 4.94%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 2 $400,000 $200,000 $5,538 5.19%
MONTGOMERY, AL (FHA|USDA|VA) 3 $395,000 $131,667 $6,882 5.33%
IDAHO FALLS, ID (FHA|USDA|VA) 2 $390,000 $195,000 $3,708 5.00%
Burley, ID (FHA|USDA|VA) 2 $390,000 $195,000 $5,931 4.75%
Eureka-Arcata, CA (FHA|USDA|VA) 1 $365,000 $365,000 $3,709 5.00%
ROANOKE, VA (FHA|USDA|VA) 1 $365,000 $365,000 $10,158 5.00%
GREENVILLE, NC (FHA|USDA|VA) 2 $360,000 $180,000 $1,946 5.13%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $355,000 $355,000 $4,900 5.00%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $355,000 $355,000 $4,686 4.88%
Hillsdale, MI (FHA|USDA|VA) 2 $350,000 $175,000 $3,127 5.19%
Bedford, IN (FHA|USDA|VA) 3 $335,000 $111,667 $4,177 5.13%
Cordele, GA (FHA|USDA|VA) 1 $335,000 $335,000 $3,015 4.75%
Lebanon, NH-VT (FHA|USDA|VA) 1 $325,000 $325,000 $3,618 5.00%
DUBUQUE, IA (FHA|USDA|VA) 2 $320,000 $160,000 $6,331 4.81%
Marinette, WI-MI (FHA|USDA|VA) 2 $320,000 $160,000 $3,538 4.94%
Pontiac, IL (FHA|USDA|VA) 2 $320,000 $160,000 $3,191 5.31%
LONGVIEW, WA (FHA|USDA|VA) 1 $315,000 $315,000 $2,954 5.38%
WORCESTER, MA-CT (FHA|USDA|VA) 1 $315,000 $315,000 $7,444 5.13%
MUSKEGON, MI (FHA|USDA|VA) 2 $310,000 $155,000 $4,259 5.25%
Mount Airy, NC (FHA|USDA|VA) 1 $305,000 $305,000 $3,492 4.63%
Gainesville, TX (FHA|USDA|VA) 2 $300,000 $150,000 $6,298 5.31%
SPRINGFIELD, OH (FHA|USDA|VA) 3 $295,000 $98,333 $4,762 5.25%
Willmar, MN (FHA|USDA|VA) 1 $295,000 $295,000 $11,654 4.88%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $295,000 $295,000 $9,703 5.50%
MODESTO, CA (FHA|USDA|VA) 1 $295,000 $295,000 $4,319 4.88%
Stephenville, TX (FHA|USDA|VA) 1 $295,000 $295,000 $4,421 4.63%
Torrington, CT (FHA|USDA|VA) 1 $285,000 $285,000 $3,856 5.13%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $285,000 $285,000 $4,443 4.75%
Troy, AL (FHA|USDA|VA) 2 $280,000 $140,000 $3,688 4.88%
Fort Morgan, CO (FHA|USDA|VA) 1 $275,000 $275,000 $10,165 5.25%
Payson, AZ (FHA|USDA|VA) 1 $275,000 $275,000 $6,671 5.25%
Pella, IA (FHA|USDA|VA) 1 $275,000 $275,000 $5,040 4.88%
Grants, NM (FHA|USDA|VA) 2 $270,000 $135,000 $5,322 5.06%
Washington, NC (FHA|USDA|VA) 1 $265,000 $265,000 $2,753 4.95%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $265,000 $265,000 $9,273 5.50%
OKLAHOMA CITY, OK (FHA|USDA|VA) 2 $260,000 $130,000 $3,634 5.94%
Traverse City, MI (FHA|USDA|VA) 1 $255,000 $255,000 $3,136 4.88%
Burlington, IA-IL (FHA|USDA|VA) 3 $255,000 $85,000 $3,862 4.75%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $255,000 $255,000 $3,549 5.25%
LINCOLN, NE (FHA|USDA|VA) 1 $255,000 $255,000 $1,426 5.00%
Lewisburg, TN (FHA|USDA|VA) 1 $255,000 $255,000 $9,858 5.25%
FARGO, ND-MN (FHA|USDA|VA) 1 $245,000 $245,000 $8,465 4.50%
SPRINGFIELD, MA (FHA|USDA|VA) 1 $245,000 $245,000 $10,377 4.88%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 2 $240,000 $120,000 $2,662 4.69%
Hermiston-Pendleton, OR (FHA|USDA|VA) 2 $240,000 $120,000 $4,260 5.56%
Granbury, TX (FHA|USDA|VA) 1 $235,000 $235,000 $6,105 4.63%
GOLDSBORO, NC (FHA|USDA|VA) 1 $235,000 $235,000 $10,425 4.50%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $235,000 $235,000 $1,765 4.88%
BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 1 $235,000 $235,000 $3,380 5.13%
Greeneville, TN (FHA|USDA|VA) 1 $225,000 $225,000 $3,443 4.63%
ASHEVILLE, NC (FHA|USDA|VA) 1 $225,000 $225,000 $3,579 5.13%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 2 $220,000 $110,000 $5,373 4.44%
Carlsbad-Artesia, NM (FHA|USDA|VA) 1 $215,000 $215,000 $8,123 5.00%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $215,000 $215,000 $4,492 5.50%
GRAND FORKS, ND-MN (FHA|USDA|VA) 1 $215,000 $215,000 $5,220 4.88%
EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $215,000 $215,000 $0 5.50%
CHEYENNE, WY (FHA|USDA|VA) 1 $215,000 $215,000 $2,481 4.88%
New Castle, IN (FHA|USDA|VA) 2 $210,000 $105,000 $4,746 5.06%
Moses Lake, WA (FHA|USDA|VA) 1 $205,000 $205,000 $3,118 5.25%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $205,000 $205,000 $3,431 4.75%
Show Low, AZ (FHA|USDA|VA) 1 $205,000 $205,000 $4,149 5.25%
MOBILE, AL (FHA|USDA|VA) 1 $195,000 $195,000 $2,713 4.88%
BRUNSWICK, GA (FHA|USDA|VA) 1 $195,000 $195,000 $0 5.75%
DeRidder, LA (FHA|USDA|VA) 1 $195,000 $195,000 $8,132 5.25%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $195,000 $195,000 $4,569 5.13%
WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 2 $190,000 $95,000 $5,143 4.88%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $185,000 $185,000 $6,691 5.00%
HARRISONBURG, VA (FHA|USDA|VA) 1 $185,000 $185,000 $6,303 4.75%
Klamath Falls, OR (FHA|USDA|VA) 1 $185,000 $185,000 $4,635 4.88%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $185,000 $185,000 $4,259 4.88%
WACO, TX (FHA|USDA|VA) 1 $175,000 $175,000 $0 5.50%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $175,000 $175,000 $4,402 5.00%
SAN ANGELO, TX (FHA|USDA|VA) 1 $175,000 $175,000 $2,929 4.75%
NEW BERN, NC (FHA|USDA|VA) 1 $175,000 $175,000 $5,661 4.50%
Steamboat Springs, CO (FHA|USDA|VA) 1 $175,000 $175,000 $2,960 5.25%
Ada, OK (FHA|USDA|VA) 1 $175,000 $175,000 $6,577 4.88%
Wapakoneta, OH (FHA|USDA|VA) 2 $170,000 $85,000 $4,973 5.19%
Adrian, MI (FHA|USDA|VA) 1 $165,000 $165,000 $2,911 4.75%
BURLINGTON, NC (FHA|USDA|VA) 1 $165,000 $165,000 $3,931 4.88%
SPARTANBURG, SC (FHA|USDA|VA) 1 $165,000 $165,000 $2,941 5.25%
ELKHART-GOSHEN, IN (FHA|USDA|VA) 1 $155,000 $155,000 $5,576 4.88%
Fergus Falls, MN (FHA|USDA|VA) 1 $155,000 $155,000 $3,651 5.38%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $155,000 $155,000 $3,492 5.25%
Washington, IN (FHA|USDA|VA) 1 $155,000 $155,000 $5,218 4.63%
FRESNO, CA (FHA|USDA|VA) 2 $150,000 $75,000 $4,249 3.75%
MANKATO, MN (FHA|USDA|VA) 1 $145,000 $145,000 $6,449 4.63%
Norwalk, OH (FHA|USDA|VA) 1 $145,000 $145,000 $4,941 5.63%
ROCKY MOUNT, NC (FHA|USDA|VA) 1 $145,000 $145,000 $2,047 4.75%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 2 $140,000 $70,000 $2,712 5.13%
CaƱon City, CO (FHA|USDA|VA) 1 $135,000 $135,000 $1,657 4.50%
Meadville, PA (FHA|USDA|VA) 1 $135,000 $135,000 $6,840 5.63%
Winona, MN (FHA|USDA|VA) 1 $135,000 $135,000 $6,540 5.25%
Big Rapids, MI (FHA|USDA|VA) 1 $135,000 $135,000 $4,911 5.00%
Findlay, OH (FHA|USDA|VA) 1 $135,000 $135,000 $6,247 5.25%
TWIN FALLS, ID (FHA|USDA|VA) 2 $130,000 $65,000 $3,049 5.05%
Cornelia, GA (FHA|USDA|VA) 1 $125,000 $125,000 $3,375 5.13%
Elkins, WV (FHA|USDA|VA) 1 $125,000 $125,000 $8,322 5.50%
Sevierville, TN (FHA|USDA|VA) 1 $125,000 $125,000 $3,093 5.25%
Van Wert, OH (FHA|USDA|VA) 1 $125,000 $125,000 $2,148 5.00%
Muscatine, IA (FHA|USDA|VA) 1 $125,000 $125,000 $6,100 5.00%
Ashland, OH (FHA|USDA|VA) 1 $125,000 $125,000 $0 6.00%
Sidney, OH (FHA|USDA|VA) 1 $115,000 $115,000 $6,451 5.63%
JOPLIN, MO (FHA|USDA|VA) 1 $115,000 $115,000 $6,307 4.75%
Lincoln, IL (FHA|USDA|VA) 1 $115,000 $115,000 $3,792 4.88%
New Castle, PA (FHA|USDA|VA) 1 $105,000 $105,000 $4,533 5.13%
Wauchula, FL (FHA|USDA|VA) 1 $105,000 $105,000 $3,950 5.25%
FLORENCE, SC (FHA|USDA|VA) 1 $95,000 $95,000 $4,012 4.88%
Hobbs, NM (FHA|USDA|VA) 1 $95,000 $95,000 $6,185 6.00%
Ozark, AL (FHA|USDA|VA) 1 $95,000 $95,000 $4,288 5.00%
Statesboro, GA (FHA|USDA|VA) 1 $95,000 $95,000 $0 4.88%
Jackson, OH (FHA|USDA|VA) 1 $95,000 $95,000 $6,135 5.63%
PUEBLO, CO (FHA|USDA|VA) 1 $85,000 $85,000 $3,242 4.88%
Sturgis, MI (FHA|USDA|VA) 1 $85,000 $85,000 $4,775 5.63%
TOPEKA, KS (FHA|USDA|VA) 1 $85,000 $85,000 $2,709 5.38%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $85,000 $85,000 $3,341 5.25%
Defiance, OH (FHA|USDA|VA) 1 $85,000 $85,000 $4,717 4.88%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $85,000 $85,000 $4,391 4.88%
ROCKFORD, IL (FHA|USDA|VA) 1 $75,000 $75,000 $1,298 5.50%
Clovis, NM (FHA|USDA|VA) 1 $55,000 $55,000 $2,813 4.88%
Oil City, PA (FHA|USDA|VA) 1 $55,000 $55,000 $4,440 4.88%
Alamogordo, NM (FHA|USDA|VA) 1 $55,000 $55,000 $3,013 5.25%
CHICO, CA (FHA|USDA|VA) 1 $35,000 $35,000 $2,072 4.88%
Waterstone Mortgage Corporation's top markets include Minneapolis, Orlando, Tampa, Albuquerque, and Phoenix among others.

Their top states include:
  • Florida (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Waterstone Mortgage Corporation based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Tulsa Federal Credit Union
    Similarity Rank: 42
    Prevail Bank
    Similarity Rank: 45
    RED CROWN
    Similarity Rank: 66
    DUPONT COMMUNITY
    Similarity Rank: 77
    Cloverbelt Credit Union
    Similarity Rank: 85
    AbbyBank
    Similarity Rank: 110
    MORTGAGE CLEARING CORPORATION
    Similarity Rank: 192
    Central Bank of Oklahoma
    Similarity Rank: 294

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 7,532 $1,706,440,000 $226,559 $4,273 4.99%
    FHA 2,610 $475,460,000 $182,169 $7,386 5.07%
    VA 864 $217,460,000 $251,690 $7,386 4.80%
    USDA 421 $59,085,000 $140,344 $5,229 4.98%

    For 2018, Waterstone Mortgage Corporation's most frequently originated type of loan was Conventional, with 7,532 originations. Their 2nd most popular type was FHA, with 2,610 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 10,477 $2,239,375,000 $213,742 $5,338 5.00%
    Cash Out Refi 546 $121,520,000 $222,564 $5,050 5.06%
    Refi 350 $89,250,000 $255,000 $4,468 4.80%
    Other 53 $8,255,000 $155,755 $4,345 5.00%
    Home Improvement 1 $45,000 $45,000 $0 5.88%

    For 2018, Waterstone Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 10,477 originations. The 2nd most popular reason was Cash Out Refi, with 546 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 10,854 $2,383,030,000 $219,553 $5,435 5.01%
    15 Year 253 $50,995,000 $201,561 $4,094 4.36%
    10 Year 227 $2,765,000 $12,181 $203 5.25%
    20 Year 89 $20,325,000 $228,371 $5,169 4.83%
    Other 4 $1,330,000 $332,500 $5,048 4.69%

    For 2018, Waterstone Mortgage Corporation's most frequently cited loan duration was 30 Year, with 10,854 originations. The 2nd most popular length was 15 Year, with 253 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 5,475 $1,191,315,000 $217,592
    $2k-3k 2,002 $378,390,000 $189,006
    $<1k 1,544 $269,350,000 $174,449
    $3k-4k 984 $221,170,000 $224,766
    $5k+ 485 $184,105,000 $379,598
    $4k-5k 481 $140,205,000 $291,486

    Waterstone Mortgage Corporation's average total fees were $5,435, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 5,475 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 6,724 $1,579,620,000 $234,923
    5-6% 4,368 $800,730,000 $183,317
    3-4% 227 $63,195,000 $278,392
    6-7% 99 $14,775,000 $149,242
    <2.5% 8 $120,000 $15,000
    7-8% 1 $5,000 $5,000

    During 2018, Waterstone Mortgage Corporation's average interest rate for loans was 5.01%, while their most frequently originated rate bucket for loans was 4-5%, with 6,724 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 4,541 $1,228,675,000 $270,574 $6,042 4.91%
    $100k-200k 4,418 $671,630,000 $152,021 $4,873 5.03%
    $100,000 or less 1,575 $90,615,000 $57,533 $2,863 5.25%
    $400k-600k 726 $333,740,000 $459,697 $6,945 4.81%
    $600k-1MM 142 $102,570,000 $722,324 $9,943 4.75%
    $1MM+ 25 $31,215,000 $1,248,600 $11,275 4.80%

    2018 saw Waterstone Mortgage Corporation place emphasis on $200k-400k loans with 4,541 originations, totaling $1,228,675,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 3,270 $589,070,000 $180,144 $5,235 5.03%
    $50k or less 2,809 $340,755,000 $121,308 $4,502 5.09%
    $75k-100k 1,940 $434,250,000 $223,840 $5,594 4.98%
    $100k-150k 1,923 $527,285,000 $274,199 $5,683 4.93%
    $150k-250k 1,053 $364,165,000 $345,836 $5,979 4.88%
    $250k+ 430 $202,470,000 $470,860 $6,584 4.83%

    Waterstone Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 3,270 originations. The second most popular income band? $50k or less, with 2,809 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 1,899 $405,795,000 $213,689 $4,984 4.98%
    20-30% 1,626 $350,750,000 $215,713 $4,676 4.91%
    50-60% 839 $168,015,000 $200,256 $7,183 5.00%
    44% 635 $136,795,000 $215,425 $5,300 5.08%
    49% 562 $123,820,000 $220,320 $5,501 5.02%
    43% 553 $116,845,000 $211,293 $5,338 5.05%
    42% 520 $114,760,000 $220,692 $5,428 5.08%
    40% 514 $113,890,000 $221,576 $5,192 5.01%
    41% 488 $107,580,000 $220,451 $5,126 5.04%
    38% 459 $98,855,000 $215,370 $5,113 5.00%
    39% 452 $97,210,000 $215,066 $5,258 4.99%
    48% 437 $95,405,000 $218,318 $5,509 5.04%
    47% 430 $94,410,000 $219,558 $5,686 5.02%
    37% 412 $92,260,000 $223,932 $5,140 5.02%
    45% 411 $83,675,000 $203,589 $5,503 5.03%
    <20% 404 $91,210,000 $225,767 $4,525 4.80%
    46% 395 $82,845,000 $209,734 $5,315 5.05%
    36% 370 $78,940,000 $213,351 $5,163 4.98%
    >60% 19 $4,935,000 $259,737 $7,468 4.78%

    Waterstone Mortgage Corporation lent most frequently to those with DTI ratios of 30-36%, with 1,899 originations. The next most common DTI ratio? 20-30%, with 1,626 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 9,833 $2,096,995,000 $213,261 $5,180 4.99%
    Not provided 578 $136,620,000 $236,367 $5,739 4.98%
    Black 601 $128,225,000 $213,353 $6,605 5.07%
    Asian 318 $77,360,000 $243,270 $5,672 4.87%
    American Indian 64 $11,930,000 $186,406 $4,740 5.04%
    Native Hawaiian or Islander 16 $3,620,000 $226,250 $5,855 5.23%
    Asian Indian 7 $1,955,000 $279,286 $6,472 5.13%
    Other Asian 6 $980,000 $163,333 $4,549 4.94%
    Other Pacific Islander 1 $385,000 $385,000 $5,107 3.88%
    Vietnamese 2 $250,000 $125,000 $8,676 5.88%
    Chinese 1 $125,000 $125,000 $0 5.75%

    Approval Rates

    Total approvals of all applications
    93.53%

    Waterstone Mortgage Corporation has an average approval rate.

    Pick Rate

    Approvals leading to origination
    75.00%

    Waterstone Mortgage Corporation has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 11,427 $2,458,445,000 $215,144

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 49 $6,855,000 $139,898
    Single Family (1-4 Units):Site-Built 11,378 $2,451,590,000 $215,468

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 175 $26,125,000 $149,286 $3,926 4.78%
    40-60% 478 $100,470,000 $210,188 $4,267 4.77%
    60-80% 2,259 $571,685,000 $253,070 $4,696 4.96%
    80-100% 7,845 $1,690,585,000 $215,498 $5,639 5.01%
    Over 100% 256 $66,260,000 $258,828 $10,351 4.80%
    Under 20% 414 $3,320,000 $8,019 $193 5.47%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    WATERSTONE MORTGAGE CORPORATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%
    WATERSTONE MORTGAGE CORPORATION Conventional home mortgage Closing on a mortgage 1 33.3%
    WATERSTONE MORTGAGE CORPORATION FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%