I'm a retired realtor and I have to inform you that your budget is very low for a move in ready 3 bedroom home. To give you some guidance, the averagel move in ready 3 bedroom home starts at $500,000. and up. Bear in mind that "move in ready" means the kitchen, bathrooms, etc. may not be upgraded or renovated. "Move in ready" means all the appliances will be in working order, the cabinets are not broken, the floors are not cracked or worn, etc. If you are looking for a upgraded, renovated 3 bedroom home, the average starting price is about $600,000. and up.
If your budget is up to $250,000. I would strongly suggest you save as much as possible and consider co-op buildings. A move in ready 3 bedroom co-op starts around $300,000. You could probably get a 3 bedroom co-op for less but it may need upgrades.
On a co-op the only option you have is asking the listing realtor or management company who the co-op has all of their "recognition agreements' with. These are the agreements that some lenders make to lend in a certain co-op after doing all the due diligence in them. I find that there are usually 3-5 lenders that a co-op will have a recognition agreement with, and then you can call one or several of them. Hope that helps!
On FHA approved condos, any lender can help you, or you can use the link that Anna Brocco provided to check yourself.... more
As a former realtor, your concern should focus on landlords doing a credit check. Landlords do verify income but if you plan to pay cash, landlords will need to verify your bank & savings accounts. Landlords need to verify that you can afford to pay their rent + pay your regular bills + food, entertainment, etc.... more
Riverdale is serviced by the 1 train on Broadway. From your location, the closest stop is w 238th street. If you want to take the bus, grab the Bx7 on Bway and w.238th street (in front of Chase Bank) and that will take you down the hill to w.231st street station.
Don't listen to the last two realtors...they seem to be bitter about life....listen to the first. Also you can find a real estate broker and pay a flat fee to obtsin an MLS to get on Trulia! It can be done with knowledge, guidance, and receiving the right answers from the right people.... more