Cooperative Mortgage
By jackee
@jackee (138)
United States
November 29, 2009 2:43pm CST
I'm trying to get a home mortgage for my co-op in Pennsylvania, and I am having trouble getting it. Many of the mortgage brokers tell me that it will be no problem however, when speaking to lenders about their best mortgage rates, and programs a month or two later when I think I'm going to get the mortgage, they tell me that they can't finance co-ops in Pennsylvania due to the language in the co-op documents.
They are different than condos. Has anyone ever financed, or got a co op mortgage?I'm told that the cooperative mortgage rates are really good now. I need some ideas, and any would be much appreciated.
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