Co-op Mortgages With Flexible Documentation
No W2's or tax returns and limited income verification required.
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Simpler mortgages for Co-op properties
Conventional Loans | Lite Documentation Loans | |
|---|---|---|
 Flexible Income Documentation Required |  |  |
 100% Gift Funds Accepted For Down Payments, Closing Costs on investment property loans | | |
 Loan amounts | Up to $548,250* | Up To $3,000,000** |
 Minimum FICO score required | 620 | 640 |
 Minimum down payment required | As low as 3% | 20%*** |
Information in this chart is applicable to the purchase of a primary residence only.
*The Federal Housing Agency based on single unit as of January 1, 2023
**A loan up to $3,000,000 requires minimum 30% down payment and minimum FICO score of 740.
***20% Down payment required minimum 660 credit score and has a maximum $1.5 million loan amount.
Loans designed for co-ops
Mission driven & federally certified
Disclaimer:
All lending products are subject to approval. Rates, program terms & conditions are subject to change without notice. Not all products are available in all states or for all amounts. This does not represent an offer to enter into a loan agreement. Other requirements, restrictions & limitations apply. Information is accurate as of September 27, 2022.
