Both the bond market and mortgage rates remain stable today (12/11/13). The Adjustable Rate Mortgages (ARMs) remain particularly low, and are gaining in popularity. For example, our ZERO point, 7/1 ARM is currently 3.375% (3.11% A.P.R.*) for mortgage amounts to $2,000,000! Call us today at (212) 838-9115 to discuss your transaction with a co-op specialist.
We are co-op financing specialists and would argue that you can get personal service, a great rate, and low closing costs, all at the same place. At Liberty Home Funding the focus of our business is to provide our customers with low rate financing for a co-op apartment. Owning a co-op is unlike owning any other type of housing. Unlike a condo where you own the individual apartment, with a co-op apartment you will own shares in a corporation (the co-op). The loan process for financing a co-op is therefore unique and 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 tailor a mortgage specific to your transaction, and provide you with the details about closing costs and available rates that you need to make a good decision about financing your co-op apartment. Call us at (212) 838-9115 or (877) 329-7709 and get the specific rates and terms available for your transaction!!
At Liberty Home Funding, we offer the best rates and products forco-op transactionsand wehave been providing the financing for co-opssince 1998. If you would like to speak directly with one of our co-op specialists, please call us at (212) 838-9115, or fill out our online application and we will call you. We look forward to the opportunity to work with you.
Liberty Home Funding, Inc. is a NYS Mortgage Broker, licensed through NYS Dept. of Financial Services (NMLS#132997, Branch#1016596). Liberty Home Funding of NJ is a licensed mortgage broker in NJ (NMLS#300461). All loans are funded through 3rd party lenders. NYC office is located at 149 Madison Ave., Ste. 1119, NY, NY 10016. Corp. Headquarters are located at 4 S. Main St., Ste. 2, Pittsford, NY 14534. NJ office is located at 198 Boulevard, Hasbrouck Heights, NJ 07604.
*A.P.R. reflected is based upon 1) a purchase transaction of $300,000 with 2) 25% down payment for a mortgage amount of $225,000 and 3) a credit score of 740+. A.P.R. reflects a rate quote with 0 points, 5/2/5 caps,1 yr LIBOR, Margin of 2.25%. Applicants may choose to lock at the time of application. Liberty Home Funding does not charge a fee to lock the rate. The rates quoted on this site do not represent an offer to lend. Rates posted are based upon current pricing at the time that they are entered. Rates are subject to change without notice.
Liberty Home Funding, Inc
149 Madison Avenue, Ste 1119
New York, New York 10006
Broker License #: 132997, 1016596
Lending States: NY, FL