First Home Mortgage now finances co-ops!
I financed co-operatives for clients while at National City Mortgage…and am glad to now again offer them in the DC area.
First Home is a local lender who works with a roster of local appraisers. The team that backs me up has all financed co-operatives and is excited to re-enter the market.
We do not need to appear on a co-operative’s list of lenders to lend in a building, and so we look forward to any potential opportunities to lend.
Both fixed rates and adjustable rates are available, with a variety of down payment options.
Minimum 5% Down to $476k purchase price
Minimum 10% Down to $755k purchase price
We can be flexible…as the pre-approvals we work up for buyers going forward can potentially be valid for co-ops, condominiums, and houses!