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Peter A Harris
- 5 Helpful Answers
- 37 Answers
- 8 Listings
Locations:
Profile Link:
Certifications
& Awards:
& Awards:
Licensed Associate Real Estate Broker
Accredited Buyer Representive (ABR) ... show more
Accredited Buyer Representive (ABR) ... show more
Interests:
Interests Include Real Estate (naturally!), antiques, travel
Yonkers District ... show more
Yonkers District ... show more
About:
I specialize in all facets of residential and commercial real property, including single and multi-family homes, coops, condominiums and investment properties.
... show more
Peter A Harris answered:
JC
I am sorry to tell you that FHA does NOT make loans on coops. The FHA program is oriented primarily towards homes. Condominiums can be financed under certain circumstances, but in Westchester there are very few that qualify. Coops have never been part of the program.
SONYMA is a New York State program that does lend on coops in certain circumstances, and you have to qualify in terms of income limits etc. While they offer a "rehab" loan it does not apply to coops.
There is one other program that offers up to $30,000 in closing cost/downpayment/rehab assistance, but it has strict income limits.
If you would like more information pleae email me and I will send you in the right direction!
Peter A Harris, ABR
Licensed Associate Real Estate Broker
Houlihan Lawrence Inc.
4 Valley Road
Bronxville, NY
pharris@houlihanlawrence.com
http://www.deedsandleases.com
I am sorry to tell you that FHA does NOT make loans on coops. The FHA program is oriented primarily towards homes. Condominiums can be financed under certain circumstances, but in Westchester there are very few that qualify. Coops have never been part of the program.
SONYMA is a New York State program that does lend on coops in certain circumstances, and you have to qualify in terms of income limits etc. While they offer a "rehab" loan it does not apply to coops.
There is one other program that offers up to $30,000 in closing cost/downpayment/rehab assistance, but it has strict income limits.
If you would like more information pleae email me and I will send you in the right direction!
Peter A Harris, ABR
Licensed Associate Real Estate Broker
Houlihan Lawrence Inc.
4 Valley Road
Bronxville, NY
pharris@houlihanlawrence.com
http://www.deedsandleases.com
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