If you have been looking for the right loan program to apply for to take cash out of a second home that is a coop, you may be struggling to find a solution that works well for you. While this can be a challenging loan request, rest assured that you can find the solution you seek through MortgageDepot. We are co-op specialists, and we can help you to get the cash out that you need from your co-op through our Cash Out for Second Homes for Co-ops program. Our loans are designed to have competitive loan terms, so you never have to worry about the terms being unaffordable when you apply through Mortgage Depot.
What Our Program Offers
When you need to apply for loans for a second home that is a co-op, you will find that your options are limited, and you may think that you would be forced to accept less attractive loan terms as a result. This is not the case when you apply for your loan through MortgageDepot, and this is because we strive for excellence in all that we do. We want to help our valued clients achieve their financing goals, and we offer great loan terms for the financing you need. Some of our terms include:
- Loan amounts up to $5 million
- Suitable for attached/detached single family homes, co-ops, condos and PUDs
- Up to 70 percent loan-to-value
- Minimum credit score of 720 required
- Maximum cash out $650,000
- Must be used for a second home
What to Expect From Mortgage Depot
MortgageDepot is a local leader in home and commercial financing, and we are known for providing creative financing solutions for unique situations. In addition, we are also known for:
- Friendly customer service
- Exceptional loan terms
- Fast, thorough pre-qualifications
- A focus on the customer throughout the loan process
If you are ready to learn more about our loan terms for second home co-ops, now is a wonderful time to begin learning more about our loan programs and to meet with us for a consultation. To set up an appointment with us, contact MortgageDepot today.