You can do it as far as the mortgage is concerned. The more important question is what the co-op board will want to do and that can differ from building to building. Most co-ops will want to view both spouses credit and if one is bad it may scare them.
You will need to pose this question to the management company of each building you are considering and see what their viewpoint is on that. If I can be of further assistance, please contact me direct. Good luck!
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665/ Cell: (917) 805-0783
Yes, you can certainly buy a co-op in your own name and using only your income and credit to qualify.
That said, some co-op boards may look at your application knowing you have a spouse, that is not on the ownership or credit application as a risk.
Speak to a credit councilor to help get your spouses credit corrected/improved. It will take a bit of time, but buying a better long term home will be much easier.
Call me if you need a referral for a credit improvement specialist.
Kathryn Lilly, Broker
Realty on the Greene, LLC
The co-op might have different rules or regulations for this but as far as a mortgage goes yes you can. But you will not be able to use your spouses income so everything bill you have, whether it's shared or not, you will have to qualify with just your income.
criteria. First get your approval from a reputable lender so you know your budget. then work with
a realtor to help you find what you can afford. good luck with your search and should you need
any help feel free to contact me.
Rapid Realty Bedford Stuyvesant
958 Lafayette Avenue
Brooklyn, New York 11221
I have a mortgage lender who is amazing and... low rates.
Give me a call so I can show you a variety of choice properties too.
Keller Willams Real Estate
Direct: (212) 300-3919