If you need to find a jumbo coop loan, you do not need to look beyond MortgageDepot for the financing solutions you seek. We strive to provide you with exceptional loan terms and friendly customer service, and we have the full range of lending programs that you are looking for to accomplish your unique goals. Serving the entire New York State, we understand the needs and goals of New York residents, and we want to be your go-to source for all of your financing needs.
What the Jumbo Co-Op Program Offers
The jumbo coop loan program is different from other co-op programs in a number of ways, and you may find that these differences make it ideally suited for your needs. This program includes loan terms such as:
- Minimum loan amount of $417,001
- Up to 80% loan-to-value and up to 85% combined loan-to-value
- Property must be owner-occupied
- For purchases and rate/term refinances
- Minimum 700 credit score
- Also suitable for single family homes and condos
What to Expect From MortgageDepot
If you have never worked with MortgageDepot in the past, you may wonder what you can expect from doing business with our friendly and hardworking financing team. We strive to take the hassle out of applying for a loan by completing a thorough pre-qualification for you up-front. You want to know early in the process if there will be issues with the Coop or not, and this is why we prequalify coop loan requests so stringently. We guide you through the remainder of the coop loan process as well, walking you through each step and taking time to answer your coop questions personally and honestly.
At MortgageDepot, we want to help you achieve the goals you have in mind, and we have the jumbo coop loan program that you are looking for. If you are interested in learning more about this program or our other loan programs for co-op properties or other property types, contact MortgageDepot today.