Hi Linda,

I would suggest that you speak to a mortgage professional. Many lenders require that your closing costs or down payment be (seasoned) in the account for three months or longer.
I regard to a Coop purchase, many times they have restrictions and down payment requirements. Some require 20% or a 30% down payment and mortgage reserves. They are all not the same they have different requirements and restrictions.

A.T. REAL ESTATE SPECIALISTS LLC
Arlene Trunzo, CRS,GRI,SRES / Broker Owner
(BCREP) Board certified
718-317-0949 0R 917-359-1985
cmyrealtor@aol.com

wait
cheaper next year

anyways

good luck

These days Credit counts more than ever. Several banks are tightening their ratios and not "giving away" mortgages anymore. With good credit and a decent down payment you can have your pick of the litter. It's a buyers market now and sellers are more willing to negotiate.

Depending on the amount of the tax return and the total price of the co-op. Let me know if i can help, i am a Reator here on Staten Island. You can follow the link below.

It depends on your credit and a lot of other things. I can recommend a mortgage professional to work with; contact me offline at Gail@GailGladstone.com and I will be happy to make the recommendation.