Co-Ops

Co-Op Financing Quick & Easy

Co-ops can be difficult to finance conventionally, which is why we've made this typically complicated process quick and easy. Our team of experienced mortgage professionals is here to help you meet your client’s needs and is dedicated to making the transaction a smooth and seamless buying experience.

Program Details
Lending Area	Available in all 50 states and Washington D.C.
Cash-Out	Yes All occupancy types.
Maximum Loan Size	$5MM
Unit Requirements	80% max LTV Units with less than 500 square feet considered up to 70% LTV
Document Requirements	Completed Advancial Co-op Questionnaire¹, underwriting and third-party attorney review required Call your Account Executive for details.
Leasehold	Yes. See Guidelines for details.
Work Visa / Expatriate / Immigrant Eligibility	Yes See Work Visa/Expatriate/Immigrant Loan Program sheet for details.
Gifted down payment / Gifted Reserves / Gift of Equity	Yes
Pre-qualification	Pre-qualification using an offer letter permitted First pay stub required for funding
Asset Depletion	Yes
Non-Occupant Co-Borrowers	Allowed at max 75% LTV See Guidelines for details.
Foreign National Eligibility (Non-U.S. Residents)	Yes See Foreign National Program sheet for details.
Rush Closings	> 2-week rush closings available Call your Account Executive for details.
Please note, we do not allow the following: incomplete construction of the subject phase or pending litigation that implies structural deficiencies. Litigation is considered on a case-by-case basis. ^1.Advancial questionnaires MUST be filled out completely with no question answered N/A, Unknown or left blank.