CO-OP Financing:

At Liberty Home Funding the focus of our business is to provide our customers with an efficient, low rate process for the financing for a co-op apartment.  Owning a co-op is unlike owning any other type of housing.  Instead of owning the apartment, you own shares in a corporation.  The loan process for a co-op  is also unique and therefore requires a level of expertise unlike any other type of mortgage. 

Since 1998, over 80% of our loans have provided the financing for co-op apartments. As a result, when you work with Liberty Home Funding, your loan process will be managed by someone that offers the expertise necessary to efficiently get your mortgage closed! At Liberty Home Funding, we offer a wide variety of mortgage products and we have provided mortgages for apartments with values from $100,000 to $4,000,000!  We will make every attempt to work with you to specifically tailor a mortgage to your transaction, providing you with the details about closing costs and available rates that you need to make a good decision about the financing for your co-op apartment.   Please call us at (212) 838-9115 or (877) 329-7709 and get the specific rates and terms available for your transaction!! 

  Many Products!!

As mortgage brokers, we have the ability to shop for your rate through several lenders, not just one.  And in most of our transactions, our fee was paid for by the lender NOT the consumer! Whether you are looking for a conventional mortgage or a unique loan product, we can help.  We have lenders with low rates and closing costs for the conventional easy to place co-op loans, but we also offer some other products that are not so common:

1. Super Jumbo (Mortgage amounts $1,000,000+);
2. Second  / Vacation Homes / Pied-a-Terre;
3. Co-ops for Offspring (Kiddy Co-ops);
4. 1st Time Homebuyer Loans;
5. B/C Credit Borrowers;
6. Investment Co-ops;
7. Studio / Limited Square Footage;
8. 5% Down Loans (95% Financing) for qualified 1st Time Homebuyers;
9. Underlying Mortgages for the Co-op Building;
10. "NO Income/No Asset" loans-50% Down

Worried about rate increases while your loan is in process or while you wait on the Co-Op Board?  DON'T WORRY!  ASK about our rate "FLOAT-DOWN"!  This allows you to lock-in today's rate without having to guess the direction of tomorrow's market.  Lock your rate today and if rates decrease, you may be able to relock a lower rate prior to your closing!

Call (212) 838-9115 for rate information for your transaction!

*Annual Percentage Rate (APR)s: 30 and 20 yr APR based upon a purchase price of $250,000 and a mortgage amount of $200,000 with 0 points and a credit score of 740+.  The Minimum mortgage amount for the rates reflected on this site is $200,000, but we will offer rate quotes down to $50,000.  This 1st Time buyer product has income limits and other restrictions so call for details.   Jumbo ARM rate reflects a purchase price of $973,000, a mortgage amount of $729,750 in metro NYC, 1 Yr Libor Plus 2.50%, credit score >740, 1 point.  Other jumbo rates allow financing up to $1,500,000.  For mortgage amounts greater than $1,500,000, call (212) 838-9115 for a rate quote.  Rates reflected here are samples of available rates and should not be considered an offer to lend.  ***Jumbo special for new customers with applications dated after 02/1/2010.