Total Mortgage Services LLC has announced that it has launched a new lending program for cooperative apartments (co-op) for its retail and wholesale lending channels with some of the most competitive mortgage rates available to qualified borrowers. Currently, Total Mortgage is offering qualified co-op borrowers a 30-year fixed mortgage at rate of 4.875 percent and an APR of 4.995 percent with zero points. Total Mortgage is willing to go at high as 90 loan-to-value (LTV) with a minimum credit score of 620. “We are excited about now being able to offer our competitive mortgage rates and best in class service to co-op borrowers looking to either purchase or refinance an apartment,” said John Walsh, president of Total Mortgage Services LLC. Total Mortgage and its multiple investment partners are committed to this market and our fully licensed and experienced loan officers are ready to assist borrowers in order to take advantage of some of the lowest co-op mortgage rates in history. Co-ops tend to be more of a niche geographic specific product, which does not mirror FHA’s national homeownership initiatives.” Total Mortgage has nearly 14 years of experience closing mortgages for borrowers in 21 states.