Co-Op Loans

Loan Amounts up to 2 million

Second Home Co-op allowed up to loan amount of $625,000 for purchase & Rate and Term Refinance  and  cash out refinance.

New Construction and New Conversion Projects allowed, New Construction cooperatives defined as projects and units that have not been turned over to Cooperative Board or the units have never been occupied.

New Conversion cooperatives are defined as units that are being converted to a cooperative form ownership and the Cooperative Board has not been in existence for more than three years.

3-4 Unit Cooperative Projects eligible

Project must be complete and not subject to additional phasing or annexation.

Call to speak with a Co op specialist today!