MortgageDepot’s is pleased to announce that one of our wholesale-lending partners; a leading mortgage banker is offering real estate investors mortgage loans in the minimum amount of $200,000 to a maximum of $2 million dollars for investment co-ops. If you’re an investor with a combined FICO score of at least 660, seeking to invest in a multi-unit, cooperative property, MortgageDepot is among a group of select mortgage brokers that they partner work with exclusively to ensure the highest level of customer service is provided to all our clients.
These mortgage loans are offered for properties across the five boroughs of New York City, Long Island as well as some towns in Westchester County. Self-employed clients may find that they can qualify for financing with a “Stated Income” statement or an employment letter verification letter.
To qualify, the investor must maintain a 70% owner occupied status and have a Loan-To Value (LTV) ratio of 65%. Mortgage terms are flexible offering 15 or 30-year terms and potentially a cash-out refinance, if you’re well qualified as a borrower. Contact MortgageDepot today, find out if you pre-qualify and you could find yourself closing on a new investment co-op property in three weeks to 45 days. Take advantage of today’s historically low interest rates; let our experienced mortgage loan originators assist you to invest in real estate as an owner. Visit Mortgagedepot.com today.