Property types

Co-op

Buying shares in a housing cooperative corporation rather than real property, common in New York City.

Why it is hard

Few lenders make share loans, and the co-op board sets its own financing and debt-to-income rules on top of the lender's.

What to ask a loan officer

Do you lend on co-op shares in this building, or have you before?
How do you coordinate with the co-op board package and recognition agreement?
What maximum financing does this building allow?

Also called

co-op, coop, cooperative, housing cooperative, share loan

Find a loan officer

Ranked loan officers by state and city are coming soon. Agents can query now: /api/v1/loan-officers?specialty=co-op&state=FL or this specialty as JSON.