New York, New York's 469 square miles of land is crammed with a massive population of nearly 8,364,000 people of all different beliefs, ethnicity and cultures. Despite the region being primarily located on Manhattan Island, the area is the most populated city in the country filled with millions of dreams, hopes and inspirations. If you are an individual committed to pursuing your slice of the American Dream of homeownership in Manhattan, then brace yourself for becoming a stockholder instead of a property owner. Within Manhattan New York approximately 43 percent of non-rental housing opportunities are coop units. This type of living arrangement is unique to the area and interested New York property shoppers should be aware of this varietal of living accommodations.
New York coop owners do not actually own their units but instead own shares in a corporation. Those shares provide the owners with the ability to live in a space and although cooperative owners cannot build traditional equity in their home, based on the market conditions, financial gains on "shares" are possible, especially when selling to the next coop member. Coop dwellers will be responsible for making monthly payments in the form of home owners association dues, but will not have to worry about paying property taxes as that is the financial obligation of the coop at large. The biggest differences between coop living and other New York, NY housing opportunities are behind the scenes and despite the nuances, most home buyers will need to finance the purchase with a New York mortgage.
No two people are alike and while some people fantasize about dropping out of the city life to move upstate and pursue their life-long dreams of being a starving artist, others long to conquer New York and take a bite out of the big apple. Mortgage Marvel can provide you with the mortgage rates needed to buy your slice of the American Dream of homeownership in the heart of the Center of the Universe, New York City.
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| Loan Purpose: | Purchase | Discount Points: | 0.00% |
| Purchase Price: | $250,000.00 | Property Type: | Single Family |
| Loan Amount: | $187,500.00 | Property Use: | Primary Residence |
| Credit Score: | 740 | Lender Location: | No Preference |
| Payment Type: | Principal and Interest | First Time Buyer: | No |
| Lender |
Interest Rate |
APR |
Discount Points |
Closing Costs |
Monthly Payment |
# of Monthly Payments |
Company Information |
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Fairfield County Bank 30 Year Fixed Rate 30 day lock |
3.750% | 3.883% | 0.000% | $9,074 | $868 | 360 |
850 East Main Stamford, CT 06880 1-800-776-6518 |
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| Fairfield County Bank is the leading provider of financial services for business owners, real estate developers, home builders, homeowners and professionals in Fairfield County Connecticut. We are committed to consistently provide excellent service to our clients at every point of contact. We aspire to exceed our customers’ expectations by having well trained professionals who are fully engaged in our culture of service excellence. (...) |
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Community Mutual Savings Bank 30 Year Fixed Rate 30 day lock |
3.875% | 3.991% | 0.000% | $8,570 | $882 | 360 |
40 East First Street Mount Vernon, NY 10550 914-422-2700 |
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| Community Mutual Savings Bank was founded as a Mutual Savings Institution in 1887 and originally operated out of a single branch location in Mt. Vernon, NY. Since its founding, Community Mutual has expanded its branch banking network to include four additional retail offices located in Eastchester, West Harrison, Greenburgh and Mt. Kisco, New York. The bank's Corporate Administrative Offices are located at 123 Main Street, White Plains, New York. In April 2007, Community Mutual Savings Bank converted from a mutual savings bank charter to a stock company. Our holding company, CMS Bancorp, Inc. is publically traded on NASDAQ under the ticker (...) |
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Monthly Payment |
# of Monthly Payments |
Company Information |
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MCU 30 Year Fixed Rate 30 day lock |
4.000% | 4.026% | 0.000% | $10,411 | $895 | 360 |
22 Cortlandt Street New York, NY 10007 212.238.3521 |
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| MCU is a full service financial institution, but with the credit union difference of better rates on products and services and a customer-centric focus that puts members first! We’ve got what you need from basic installment loans to jumbo mortgages, and from totally free checking accounts to high yield CDs and IRAs. Our credit union has been serving members since 1916.If you are eligible to open an account with us we may be just what you need. (...) |
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Closing Costs |
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Nationwide Advantage Mortgage 30 Year Fixed Rate 30 day lock |
4.000% | 4.064% | 0.000% | $7,954 | $895 | 360 |
One Nationwide Plaza Columbus, OH 43218 800-811-5385 |
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| Nationwide Advantage Mortgage Company is a subsidiary of Nationwide® Insurance, one of America's leading insurers, providing residential mortgages throughout the country. Based in Des Moines, Iowa, we are a full-service mortgage lender originating and servicing loans through a variety of distribution channels. Nationwide Advantage Mortgage Company offers consumers the same high level of service, convenience and quality in an innovative mortgage product that customers of Nationwide® have come to expect. In our view, obtaining a mortgage does not need to be difficult. That's why we have a streamlined application, and can provide your loan (...) |
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Closing Costs |
Monthly Payment |
# of Monthly Payments |
Company Information |
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Hanscom Federal Credit Union 30 Year Fixed Rate 30 day lock |
4.125% | 4.144% | 0.000% | $7,401 | $909 | 360 |
1610 Eglin Street Hanscom AFB, MA 01731 1-800-656-4328 ext. 2043 |
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Hanscom Federal Credit Union No Closing Cost - 30 Year Fixed Rate 30 day lock |
4.625% | 4.631% | 0.000% | $6,695 | $964 | 360 |
1610 Eglin Street Hanscom AFB, MA 01731 1-800-656-4328 ext. 2043 |
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| About Us As a member-owned, not-for-profit financial cooperative, Hanscom Federal Credit Union will uphold its fundamental responsibility to actively serve our field of membership, and as appropriate, the communities we serve. We will offer a range of competitively priced products and services to meet the diverse economic and social needs of our members and potential members. We will monitor and communicate our services in a meaningful way so that members, potential members, legislators, regulators, and the community at large will understand and appreciate the unique role that we, as a member-owned financial cooperative, play in their lives. We will look for better ways to serve the interests of unserved and underserved portions of our member (...) |
The interest rates, annual percentage rates (APRs), discount points and costs shown are valid as of 2/2/2012 10:00:07 PM Central Time and are subject to change without notice. Your APR will vary based on your final loan amount and finance charges.
The rates, closing fees and payments displayed above assume a down payment of $62,500.00. Monthly payment amounts do not include taxes and insurance. If an escrow account for taxes or insurance is required or requested, the actual monthly payment amount will be greater.
