Home Equity Loans or Home Equity Line of Credit can be taken out against cooperatives, or coops. Unlike other forms of home ownership, coopertive owners own shares of a company that owns a coop building. With the shares a coop owner holds he is entitled to a unit in the coop building.

Although many banks do not lend on cooperatives, some banks specialize in coop Home Equity Loans and coop Home Equity Lines of Credit.

Co-Op / Cooperative financing is primarily available in New York, New Jersey, and certain areas of California and Florida