New York Million Mortgage Loan

$2MM to $40 Million mortgage loan programs are available for New York borrowers who wish to purchase or refinance homes, co-ops and condos throughout the New York City Metro Area and beyond.

Due to the large number of mortgage options, it is important to consult with a professional regarding your New York mortgage loan to ensure that you have a mortgage loan that is suited for your individual needs.

Of the five boroughs of New York City, Manhattan is home to the majority of real estate requiring $1+ Million Mortgage loans.

Multi-millioan dollar loans are considered super jumbo loans, and they differ from conventional loans. Be sure to get your financing through a mortgage professional who understands how to work with multi-million dollar financing and who has experience with super jumbo loans. Working with a mortgage professional who is familiar lending in New York and New York's loan amounts is important.

Be sure to work with a mortgage professional who understands the different property types for million dollar mortgages in New York, and in particular in the 5 boroughs.

These type of loans facilitate the high-end purchase of expensive homes, estates, vacation homes, investment property and upscale luxury homes. They are very attractive for primary occupants or investors who want to leverage their assets.

Loan amounts in New York over $2 Million may require additional documentation than a similar a smaller loan.
This is due to the lenders that are funding these loan sizes to be comfortable in their sizable investments in these loans.

» DISCLAIMER: The information contained in this article on 'New York Million Mortgage Loan' is a collection of contributions by licensed mortgage professionals and is not the opinion of Broker Outpost LLC. Always consult a licensed professional before applying for a mortgage.