Condo/Co-op

Condominiums and Cooperative housing are great investments for people just getting started, or for anyone looking for a low maintenance housing situation. 

Condominiums are a type of property in which people own their apartment in a building with many apartments. Shared areas such as parking lots, driveways, elevators, and recreational areas are collectively owned by all owners. They are common in major metropolitan areas and require a special type of mortgage.

Many times owners will commonly work together to form a cooperative corporation (co-op), which then has legal ownership of the building.

Approved Funding can help you get funding for your Condo or Co-op whether it is a primary residence or an investment property.  Since we make the decisions and lend the money, Approved Funding is able to analyze your property and provide you with the best loan and rates available.