Many times this will allow a buyer to start out with a lower monthly payment. However, after an initial fixed period of 3-10 years that rate can be adjusted yearly based on the performance of an index, though rate caps will prevent the interest rate from going up or down past a certain point. An adjustable rate loan may be right for you if you need a lower monthly payment to start and don’t mind the unpredictability of a fluctuating interest rate. There is a definite potential for savings with a fixed rate loan.
Blue Water Mortgage is licensed in New Hampshire, Maine, Massachusetts, Vermont, Connecticut, Rhode Island, North Carolina, Colorado, Florida, Texas, Georgia, and South Carolina.
Reading Time: < 1 minuteWe have worked with Blue Water Mortgage group several times over the years, they helped with our …
Reading Time: < 1 minuteWe had a fantastic experience with Blue Water Mortgage. We were referred to them by two of our fr…
Reading Time: < 1 minuteWe had a very quick home search process Kristina and Paula made it happen for us! Kristina was in…
Reading Time: < 1 minuteAs a first time home buyer, I had no idea where to begin with the mortgage process. Our realtor r…
Reading Time: < 1 minuteExcellent experience. Roger and his team work unbelievably hard to get the job done. Always avail…
Reading Time: < 1 minuteIt’s hard to know who to trust in this day and age, but I would highly recommend Blue Water…
Reading Time: < 1 minuteBlue Water Mortgage has a team of people behind the scenes that most us never see. I was fortunat…
Reading Time: < 1 minuteBlue Water Mortgage is fantastic! We just recently refinanced with them again, and it was smooth …
Reading Time: < 1 minuteThey were wonderful to work with. I highly recommend them. Not only were they able to get me the …
Reading Time: < 1 minuteIt is rare to find a business that is so dedicated to its customer base. Blue Water Mortgage was …
Reading Time: < 1 minuteWorking with Blue Water Mortgage Corp was a great experience. My wife and I could not be happier …
Reading Time: < 1 minuteI highly recommend Blue Water Mortgage! I sought to work with them because they have a reputation…
Reading Time: < 1 minuteI honestly wouldn’t go elsewhere! We were looking to buy our house about 4 years ago and a …
Reading Time: < 1 minuteBlue Water made the entire process a breeze. They were extremely responsive, knowledgeable and ap…
Reading Time: < 1 minuteAs a first time home buyer my experience with Blue Water Mortgage was excellent. Jim Collins was …
We have worked with Blue Water Mortgage group several times over the years, they helped with our home purchase, sale and refinancing. Kristina Young especially made the process easy and everyone we worked with was very responsive, worked diligently and happily answer questions along the way. I would definitely use Blue Water Mortgage again in the future and would highly recommend.
We had a fantastic experience with Blue Water Mortgage. We were referred to them by two of our friends, we would definitely refer anyone looking to purchase a home to work with them. As a first time home buyer we had no idea how to start the mortgage process and what to expect. John Riley explained everything to us. Whenever we had a question, which I had many he always picked up his phone or called us right back. He always wanted to make sure we understood what he was saying. Everyone at Blue Water was great they all worked together to help us close. I would recommend anyone looking to buy a house to use Blue Water Mortgage you will have a great experience just like we did. Everyone who is a part of Blue Water is very helpful and caring. They are the best!!!
We had a very quick home search process Kristina and Paula made it happen for us! Kristina was in constant communication to keep us in the loop for what documents were needed, how to secure the financing, and actually had her team review everything thoroughly to make sure we were getting the best rate, best monthly payment, and best closing costs possible. It was nice to see that Blue Water will do anything in their power to make sure that they have happy clients who were able to obtain and secure the mortgage. I’m very thankful and would recommend them to anyone looking to either buy a home or refinance!
As a first time home buyer, I had no idea where to begin with the mortgage process. Our realtor referred us to Blue Water to get pre-approved and we were fortunate enough to work with Rick Schlager. Even before we made an offer, Rick was extremely helpful and made sure we would be able to get approved for the condo we ended up falling in love with. Once the actual closing process started we stuck with Blue Water since our experience had been so positive thus far. They also have lawyers who will look over your P&S free of charge, which is a GREAT help during the stressful process. Rick was always available to answer our never ending questions, no matter how simple or small. I would 100% recommend Blue Water to anyone, especially first time home buyers. They made the entire process seamless.
Excellent experience. Roger and his team work unbelievably hard to get the job done. Always available and happy to explain/advise. More human than any bank I’ve dealt with.
It’s hard to know who to trust in this day and age, but I would highly recommend Blue Water Mortgage to anyone! Their great service and fantastic rates have made me and my family members customers for life!
Blue Water Mortgage has a team of people behind the scenes that most us never see. I was fortunate enough to meet several of them, and all I can say is…..You are in good hands.
Blue Water Mortgage is fantastic! We just recently refinanced with them again, and it was smooth sailing. We contacted them and within days had a quote, and within two weeks closed! They are fantastic to work with, every step of the way. Answering detailed questions, available 24/7, amazing customer service. We felt like we were their only clients and taken care of every step of the way. I can’t say enough wonderful things about Roger and his team at BWM. Amazing, hard working, excellent customer service, trusting and knowledgeable! My highest recommendation for this group!!
They were wonderful to work with. I highly recommend them. Not only were they able to get me the best/lowest rate easily but they respond very quickly to emails. It made the whole process as stress free as possible.
It is rare to find a business that is so dedicated to its customer base. Blue Water Mortgage was able to close faster than much larger firms. Blue Water Mortgage maintained a constant, very professional communication throughout the mortgage process, which was very helpful since I was a first time home buyer. It was a pleasure doing business with this great company, and I would recommend them to anyone looking to purchase a home!
Working with Blue Water Mortgage Corp was a great experience. My wife and I could not be happier with the process. We felt like anytime there was a question or a concern that it was answered and addressed quickly, we had all the information we needed to know what needed to happen each step of the way. The effort was made clear on what was expected of us, what we needed to provide and when. We felt like we go personal attention, it felt like we were their only clients. From the initial interaction and Application process all the way to the closing date we felt informed and we felt like Blue Water had everything under control. The closing was able to be done a week early and it was a breeze. I highly recommend Blue Water Mortgage.
I highly recommend Blue Water Mortgage! I sought to work with them because they have a reputation of being very patient and thorough for first time home buyers. Lynette, Michelle, Ashley, Megan and their entire team looked after me and made the entire process moving perfectly. Now I live in my FIRST HOME and I love it!!
I honestly wouldn’t go elsewhere! We were looking to buy our house about 4 years ago and a friend referred us to Jason Caruso at Blue Water Mortgage. As you can imagine, it was much easier to get a mortgage then but still we (Jason) had to jump through a few hoops to get the house. It was a short sale opportunity and took months to get the approval but Jason walked us through every step and rate lock to make sure we got the best rate. I remember the moment he called to say we “were all set!”. He stuck to everytime timeline in the process. Since then, he has re-financed my father’s house twice and we just went through a re-fi ourselves. Much different than it was 4 years ago! It took much longer this time due to regulations and a VA re-fi but Jason pulled through again! Waiting for the rates to drop again so we can take advantage of the VA re-fi option. I really don’t do these testimonials often but this one is well worth it!
Blue Water made the entire process a breeze. They were extremely responsive, knowledgeable and approachable with all of our questions. We will be recommending them to our family and friends for sure!
As a first time home buyer my experience with Blue Water Mortgage was excellent. Jim Collins was recommended to me by my realtor early on in the process; I couldn’t have worked with a better individual. From the start Jim was patient and answered all of my questions. As it got closer to buying the house, Jim kept in touch constantly and provided me with all the necessary details I needed. When he came to work with me personally he took his time going over all of the paperwork and double checking that I understood the entire process. I cannot recommend Jim highly enough, he is committed, intelligent, patient and kind. Thank you Blue Water Mortgage for making purchasing my first home such a positive experience.
This ebook will help you better understand the home buying process so you can make a more informed buying decision.
Use our Down Payment Worksheet to get a idea of what you can afford to spend.
Determine just how much you’re able to afford on a monthly basis to ensure you’re not in over your head with your monthly mortgage payments.
Please be advised that your actual rate, payment, and cost could be higher. Get an official Loan Estimate before choosing a loan. This estimate is provided for informational purposes ONLY, to assist you in determining an estimate of cash that may be required to close and an estimate of your proposed monthly mortgage payment. Actual charges may be more or less, and your transaction may not involve a fee for every item listed.
Rate and APR based on the following assumptions: Purchase Price of $250,000, loan amount of $200,000, 75% loan to value, 780 credit score, single family property, primary residence, escrowing taxes and insurance, debt ratio within program guidelines.
Rates posted are effective as of 9/24/2024.