The Co-op mortgage loan process is unique and can have its particular challenges. That’s why you should work with a company with an exceptional level of expertise to assure that the co-op mortgage process goes smoothly. We have in-depth knowledge of the co-op market and provide you with the exceptional level of service that you have come to expect from a professional mortgage company.
Our co-op loan programs offer the options that today’s borrowers are looking for:
- Conforming and High Balance Fixed, Jumbo Fixed and Jumbo ARM loan programs
- Up to 95% loan-to-value
- Primary residence, second home or as an investment
- Purchase, Rate & Term or Cash-out Refinance
- Loan amounts up to $5,000,000
- Available in select areas of New York and New Jersey.
- Non-warrantable coops – buildings that have financing issues.
- 65% down payment for investment coop financing.
- Cash-out to 75% of the value of your unit.
- Closing costs $2500 includes everything.
- Cheap appraisal fee.
We have been providing borrowers with an easier way to do business. We were built on the idea that we all achieve better results and more positive experiences, with less stress, when we work in an environment of understanding— when we find common ground. Especially in the coop market, the process is a more lengthy then a regular real estate transaction. There is board approval to be worried about. Out licensed loan originators help coop owners with the refinance board application process and the same goes for a purchase application, we HELP. Contact us for more information about Co-op financing.