Watermark VA Loans Review

Rating: 7.3 / 10 (Very good)
Disclosure: We receive advertising revenue from this partner. 
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Watermark is a California-based company founded in 2000. They provide mortgage services in the United States, specializing in Conforming, Conforming/Jumbo, Super Jumbo, FHA, and VA financing, with a variety of different types of loans. They are a BBB-accredited business with an A+ rating.

How is Watermark rated?


Loan Options
Application Process

Overall Rating: 7.3 / 10 (Very good)

Watermark is service-oriented direct mortgage lender taking a simple approach to mortgage solutions. The company, which aims to educate and advise each client according to their particular financial needs, offers a quick approval process, no obligation quotes, free rate watch, and the ability to lock-in rates. As if that weren't enough, the company has garnered high praise from customers fully satisfied with their personalized services and professional guidance. On the whole, Watermark's competitive rates and outstanding customer service make it an excellent lender to work with.

Loan Options

Lender Type
VA Loan Types
Rate & Term Refinance
Streamline Refinance (IRRRL)
Cash-out Refinance
Cash-in Refinance
Property Types
Single Family Home
Multi-family Unit
Mobile/Manufactured Home
Term Lengths
40 Year Fixed
30 Year Fixed
25 Year Fixed
20 Year Fixed
15 Year Fixed
10 Year Fixed
8 Year Fixed
Adjustable Rate Mortgage Terms
10/1 ARM
7/1 ARM
5/1 ARM
3/1 ARM
1 Year ARM
Maximum Loan Size
Loan Size

Loan Options - 7 / 10

Watermark is an online lender offering a variety of purchase, refinance, and streamline refinance loans. With no down payments, the possibility of waiving VA funding fees, and no closing costs, Watermark allows veterans and active service members to purchase or refinance their homes even when they're upside down.

Application Process

Fee Information
VA Funding Fee
Waived Fees
Prepayment penalty, Private Mortgage Insurance

Application Process - 7 / 10

Watermark's loans are subject to standard underwriting regulations, which may entail credit history and score verification. There will be an applicable VA funding fee, yet prepayment penalties and private insurance are waived.


Memberships & Regulatory Info.

Federal Home Loan Bank
Nationwide Mortgage Licensing System ID
NMLS Collection Date

Online Reviews

BBB Rating
Number of BBB Positive Reviews
Number of BBB Neutral Reviews
Number of BBB Negative Reviews
Date Collected

Reputation - 8 / 10

WaterMark Capital Inc. is a BBB-accredited company with an A+ rating and a score of 4.91 out of 5 stars based on 13 positive and one negative customer review. Watermark is a member of the Federal Home Loan Bank and the Federal Deposit Insurance Corporation.

Contact & Additional Information

Homepage URL
Company Phone
(800) 896-9374
Headquarters Address
100 Spectrum Center Dr Ste 150, Irvine, CA, 92618
Mailing Address
100 Spectrum Center Dr Ste 150, Irvine, CA, 92618
Year Founded

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Top Rated
Our Partner
10 / 10
  • More than 150,000 loans closed for Veterans and service members nationwide
  • Specialize in VA Loans to offer a streamlined process
  • Network of 6,000 Veteran-friendly real estate agents with Veterans United Realty 
  • Advised by former senior enlisted leaders from each branch of the Armed Forces
  • Extensive resources designed to help educate homebuyers
  • Representatives available 24/7 to better serve troops overseas
  • Equal housing lender