A Cooperative Mortgage. Shares Instead Of A Deed.
Loans from $150,000 to $3.5 Million on cooperative units, for a primary residence or second home.
Financing built for co-op ownership.
However the building is organized, there’s likely a path that fits.
- Loans from $150,000 to $3.5 Million
- Cooperative share financing
- Co-op buyers and shareholders
- Purchase or refinance a primary residence or second home
- Purchase, rate-and-term refinance, and cash-out available
- Fixed and adjustable rate options
- Financing to 85% of value on an eligible cooperative*
Loans from $150,000 to $3.5 Million
Cooperative share financing
Primary residence or second home
Full documentation, streamlined, or bank statement qualifying
Purchase, rate-and-term refinance, or cash-out
Fixed-rate and adjustable-rate (ARM) options
What is the Saxton Cooperative Loan?
A loan for buyers purchasing shares in a cooperative
The Saxton Cooperative Loan finances cooperative units, where you buy shares in a corporation and receive a proprietary lease rather than a deed to real property.
Loans run from $150,000 to $3.5 Million, generally starting around a 660 credit score. Documentation options include full documentation, streamlined documentation, and bank statements.
Use it to purchase a cooperative unit, refinance your current loan, or take cash out of your equity, on a primary residence or second home. Most rental income programs do not accept cooperatives, though at least one lists them among its eligible property types.
Why choose the Saxton Cooperative Loan?
Built for buyers purchasing shares in a cooperative rather than a deeded unit.
First Co-op Purchase
Buy shares in a cooperative with financing built for the structure.
City Buyers
Co-op ownership is common in dense city markets where deeded units are scarce.
Board Approved Purchases
Financing that works alongside the board approval process.
Second Home Co-ops
Finance a cooperative you use part of the year.
Equity In Your Shares
Access equity in shares you already hold.
Shares, Not Real Property
In a co-op you own shares in a corporation rather than the unit itself, and the loan is written against those shares.
Hear From Homeowners Like You
Frequently Asked Questions
Straight answers about co-operative apartment financing.
In a cooperative you purchase shares in a corporation and hold a proprietary lease on your unit, rather than taking a deed to real property as you would with a condominium.
Loans run from $150,000 to $3.5 Million on this program.
Usually not. Most rental income programs do not accept cooperatives. At least one does list them among its eligible property types, so ask before you rule it out. This program covers a primary residence or second home.
This program generally starts around a 660 credit score.
Yes. Board approval is a separate process run by the cooperative and is not something a lender controls.
Full documentation, streamlined documentation, or twelve to twenty-four months of bank statements.
Yes. Cash-out refinancing is available, with limits that vary based on the equity remaining in your shares.
Find out what you qualify for
Whether you’re buying into a co-op or refinancing shares you already hold, there’s likely a Saxton Cooperative Loan option that fits. Get a fast, no-obligation pre-qualification today.
Get Pre-Qualified*Loan amounts, rates, terms, and down payment requirements are subject to credit approval, income and asset verification, and program eligibility. Down payment and cash-out limits vary by occupancy, credit score, and documentation type. Not all applicants will qualify. Saxton Mortgage, LLC is an Equal Housing Lender.