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Janet Orozco Feller
Director, Project Development Division
Toll Free: 888-627-1616
Office: 631-393-7536
Cell: 718-869-0903
Fax: 631-393-4694
jfeller@FranklinFirstFinancial.com 

 

 

Welcome to the Ocean Towers
CO-OP CONDO CONVERSION MORTGAGE PORTAL

We, Franklin First Financial, are the lender who is working with the Hutton Group to ensure that your Co-op Conversion Process is as seamless and stream-lined as possible. We understand that this is an impactful decision in your life so we want to ensure that you have all the financial tools and information available to make an informed decision.


One of the steps in the decision making process is to find out if you qualify for a new mortgage loan. You will need to refinance your current mortgage and increase the mortgage amount to pay for your individual share of the underlying co-op mortgage plus the transaction costs for the conversion.


Below are two ways in which you can accomplish this.

 

The Quick Pre-Qualification Button will lead you to a short series of questions that will let you know if you are pre-qualified for a mortgage. This will not lead to a commitment to lend but it will give you an idea about your qualification for the mortgage you need.



The Pre-approval Button will lead you to a full mortgage application. Once you have completed it and furnished all the documents required, if you qualify, this will lead to a full mortgage commitment subject to the following conditions: No change in your financial status, the Co-op to Condo Conversion, Clear title, and Appraisal.


Please proceed to whichever option with which you are most comfortable. If at any time during the process you have a question, do not hesitate to contact us at 888-627-1616. You will be connected to a licensed loan officer who can help you.


Copyright 2017 Franklin First Financial Ltd. All Rights Reserved.

Franklin First Financial Ltd. (NMLS# 1630)
538 Broadhollow Road, Suite 401, Melville, NY  11747
Direct:  (631) 847-8700
Toll Free:  (888) 933-8639
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FRANKLIN FIRST FINANCIAL, LTD. 538 BROADHOLLOW RD, STE. 401 MELVILLE, NY 11747 IS A LICENSED MORTGAGE BANKER-NYS DEPT OF FINANCIAL SERVICES. LICENSE #107407 NMLS #1630, HUD APPROVED TITLE II NON-SUPERVISED LENDER #17895-0000-0. FRANKLIN FIRST FINANCIAL IS NOT ACTING ON BEHALF OF OR AT THE DIRECTION OF HUD/FHA OR THE FEDERAL GOVERNMENT. ALL LOANS ARE SUBJECT TO CREDIT & APPRAISAL APPROVAL. PROGRAMS, RATES, TERMS, AND CONDITIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE.OTHER RESTRICTIONS MAY APPLY. THIS IS NOT A COMMITMENT TO LEND. COPYRIGHT FRANKLIN FIRST FINANCIAL, LTD. ALL RIGHTS RESERVED.

 

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