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Antonietta, Other/Just Looking in New York, NY

Can you buy into a coop with less than a 20% down payment?

Asked by Antonietta, New York, NY Tue Jan 1, 2008

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Antoinetta,

Make sure you have secured a loan program that will allow for less than 20% down. There have been a lot of changes in lenders guidelines that are somewhat prohibitive to leveraged financing. Feel free to call me with any questions @ 845-544-3001.
Web Reference: http://www.guardhill.com
0 votes Thank Flag Link Tue Jan 1, 2008
Yes, i 've sold a few coops with less than 20% down payment. You just need to check what are the coop board requirements
0 votes Thank Flag Link Tue Jan 1, 2008
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