Investment Jumbo Co-op Loans Are an Option for Urban Investors

At MortgageDepot, when we tell our clients that we specialize in creative financing solutions, we mean it! Our savvy loan officers even collaborate with lenders who combine the best features of multiple loan types to create a customized mortgage product for our valued property investors.

If you are a property investor, you need these creative solutions to get your hands on your next project and leverage your real estate portfolio. Today we’re going to discuss how jumbo and co-op loans work together to help property investors like you reach their real estate goals.

Jumbo Loans: A Quick Rundown

If you are an experienced property investor, you’re probably not a stranger to jumbo loans. Simply put, jumbo loans are a type of financing that borrowers seek when the amount of money they need exceeds the conforming loan limits set by the FHFA in their area. Due to the risk involved, borrowers typically need to meet stricter-than-average criteria to qualify for a jumbo loan.

Co-op Loans: A Special Scenario

Co-op loans are typical in urban areas, such as New York City, but they exist in other places as well. If you want to purchase a co-op as an investment property, be aware that these types of loans don’t play by the same rules as condos, apartments, or other forms of real estate.

Co-ops are an attractive choice to add to your investment portfolio because they are typically cheaper than other types of multi-family housing. If you purchase one, you’ll need to jump through the hoops of a share loan because co-ops and mortgages don’t mix.

We said that co-ops tend to be cheaper, but that doesn’t mean they’re cheap! In high-demand markets, a co-op purchase could far exceed the conforming loan limits, making a jumbo loan necessary to get the financing you need.

Introducing Investment Jumbo Co-op Loans!

If you are an urban investor looking to add a luxury, high-cost co-op to your portfolio, we have a path to success. We offer an Investment Jumbo Co-op loan to address your unique needs. Here are the highlights of this innovative program:

  • Loan amounts are available from $100,000 up to $3 million.
  • Borrowers with a credit score as low as 600 might qualify for this loan.
  • 30-year fixed-rate, 7/6 ARM, and 10/6 ARM terms are available.
  • Investment cash-out on co-op properties is permitted.
  • Primary residences, second homes, and investment properties are eligible.
  • Co-ops, condominiums, and planned unit developments (PUDs) are eligible.

Contact Us Today!

Are you a property investor who wants to see what the co-op craze is all about? Would a luxury co-op round out your investment portfolio? Contact us today to learn more about how an Investment Jumbo Co-op loan can help you reach your real estate goals!

Connect with one of our loan consultants for more information.


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