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The Republic National Bank of New York will offer mortgages with no points charged to qualified buyers. First Nationwide Bank will provide the underlying mortgage for the limited equity cooperatives.
University Towers, a 547-residence complex on 5-1/2 secure and beautifully landscaped acres in Downtown Brooklyn, is the only New York cooperative to offer Federally-backed mortgage insurance for qualified buyers through Section 203(n) of HUD and the National Housing Act.

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