As most have already responded, it is rare to find a coop that allows 90% financing. Even if you do, it is just as rare in this market to find a lender who will lend more than 80% of the appraised value or contract price, whichever is less.
Licensed Real Estate Associate Broker
450 7th Avenue Suite 1501
New York, NY 10123
It is very rare that you will find coops that accept 10%. You may find a few, but your first step should be getting pre-qualified for a mortgage. Good luck.
Ross Ellis I Licensed Real Estate Salesperson
Member of Real Estate Board of New York
Co-ops generally require at least 20%. There are a very, very small percentage that accept less and they are few and fare between. However, very few lenders will lend 90%, so it becomes a bit of a moot point. Condos generally only require 10% down, but again, most lenders will not lend more than 80%.
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Senior Loan Officer
STERLING NATIONAL BANK
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