We, Franklin First Financial, are the primary lender selected by the The Hutton Group to ensure that your Co-op to Condo 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 necessary to complete your transaction as easily as possible.
One of the steps in this process is to find out if you qualify for a new mortgage loan. If you want to refinance your current share loan (personal mortgage), you can include your share of the underlying co-op mortgage plus the transaction fees for the conversion all in one loan. This can make the conversion essentially cash free, and may reduce your overall monthly costs. You can even include an amount to cover unit renovations, credit card balances, or other cash requirements you may have.
Below is a mortgage application to determine if you qualify for a mortgage. Please click on Application below to access it. Answer all questions to the best of your ability and submit when ready. You will be contacted by a licensed loan officer shortly after you submit, to discuss your scenario.
There is also a list of documents attached below that you will need to submit to your loan officer. Please begin to compile this list so that you are ready to submit the documents when the loan officer begins working on your loan.
If at any time during the process you have a question, do not hesitate to contact us at 631-393-7536. You will be connected to a licensed loan officer who can help you.