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Borrowing on co-op housing is a bit more difficult because many lending institutions do not loan on this type of housing. You should contact your local bank, and if unsuccessful, contact a bank near where the housing is located. Adding: All above is correct. Co-Op lending are different in many ways than mortgages on "fee simple" real estate. Lending on Co Ops is normally done through local and specialized institutions. It is a very good idea to ask the Co Op manager which lenders in the area have been doing so - if it is a new conversion, the developer/conversion brokers will have made arrangements with someone.

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โˆ™ 2006-04-02 00:58:58
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Q: How can you get a first time loan for a co-op house?
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