Cooperative mortgages are any loans that are related to a cooperative residential project. A cooperative residential project is one where a company holds the title for a host of individual property units. The corporation then sells those units to individual property buyers as shares, with the buyer receiving the right to use the property as he or she sees fit. The cooperative mortgage is the name given to the loans that make this process possible, either for the individual buyers or for the holding corporation as a whole. Cooperative mortgages are important because of their wide availability. Though many different types of lenders will offer this loan, some lenders are in the specific business of providing money to people buying in a co-op. These purchases are seen by some lenders as being a somewhat safer risk, leading the lenders to more freely grant the loans when they otherwise might not have.