Kbridge - Qualifying to buy a home on your own, and passing a coop board's rigid requirements can be 2 distinctly different things. Perhaps where you are in MN, this isn't the case, but it is the case in NYC. The coop boards can be brutal. I had to co-sign for my son to rent an apt. in a coop building, and we both had to jump through hoops, as well as meet in front of the board for an interview. I had to show an income equal to 8 times the rent, just as a co-signer - buying requirements can be even more stringent. Every board is different.
Gina......If you are qualified on your own to do so, .buy a condo instead of a coop. At least that way you won't need a coop bd's approval, otherwise, if your parents are willing, then that may be the only choice you have if you want to buy that particular coop.
Prudential NJ Properties