You'd really have to contact a local mortgage company, without knowing the price and conditions of the loan its hard to tell what the starting price would be.
you can get the information about loan a jumbo or conforming loan in Manhattan for a co-op from nycblogestate.com/ website
Jumbo loans refer to mortgage loans on houses. Most home mortgages have a cap on how high a loan amount can be written for so that it is insured. A jumbo loan is any loan that goes over this amount.
A jumbo loan is set at a higher dollar amount than a conventional loan. The standard is set by Fannie Mae and Freddie Mac. When limits do not cover the full loan amount, it is considered a "jumbo loan". Some say to avoid them, some say to take advantage of them.
Jumbo loans are historically riskier (i.e. more likely for default) than regular loans and are therefore harder to obtain or refinance. Critical elements would be the credit worthiness of the person(s) applying, the amount of the new loan, and the price and status of the property.
A jumbo mortage loan is one that covers more than the loan limit that is convention. There is not very many advantages to getting a jumbo loan because the rates are much higher, it only allows you to take more money out than otherwise.
BlackStone mortgage offers jumbo mortage loan that offers a low closing rate. You can Get Approved Quickly at Low Rates at BlackstoneMortgage.com/Jumbo-Loans
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One such place is on the Mortgage Calculator online or at the BankRate website. These feature descriptions and online calculators for learning about and then comparing these jumbo loan rates.
In general, there are two types of mortgage loans: (1) Conventional; and (2) Jumbo. Conventional loans are for no more than a certain amount (for example, $400,000). Jumbo loans are loans in greater amounts. Check with a mortgage broker in your area to find the dividing line. Typically, a Jumbo loan will have higher interest rates, due to the bigger risk involved. In addition, people with lower credit scores may have more difficulty qualifying for a Jumbo loan. Loan amounts greater than the conforming loan amount limit of $417,000, so $417,001
Wells Fargo is a well known place for jumbo loan refinances.There will loan up to 2 million dollars.You have to have a high property value so you can handle the high monthly payments.
A jumbo mortgage loan is a residential mortgage loan which has an original principal balance which exceeds the maximum amount permitted by the agencies typical guidelines. You would need to meet your bank manager for further information.
A jumbo home mortgage loan is one that is over the standard loan limits set by government sponsored lenders such as Freddie Mac. The biggest advantage to this type of loan is the borrower is allowed to borrow more and is able to purchase a more expensive house.