Getting more out of your Co-Op As little as 10% down Refinance existing Co-Op bank mortgage with a 90% loan-to-value (LTV) ratio on rate and term and cash-out programs Funds available up to $3 million Co-Ops are a distinctive form of homeownership that is membership-based, where each member purchases a share in the cooperative and is granted the legal right to occupy one housing unit in the building. Co-Ops enable you to own real estate without making a large down payment or meeting equity requirements. One of the benefits of Co-Ops is that members pool resources to leverage their buying power, lowering the cost per members of expenses associated with homeownership. Please Note: Web site authorization by the New York State Department of Financial Services is pending. Until this site is authorized, no mortgage loan applications for properties located in New York will be accepted through this site.