Financing in Brooklyn>Question Details

Frustrated, Home Buyer in Brooklyn, NY

Any lenders willing to handle a 44% debt/income ratio on a jumbo coop purchase?

Asked by Frustrated, Brooklyn, NY Thu Jun 28, 2012

Price is $900k and we are putting 20% down. Would prefer a 30 year fixed product. The only reason the ratio is so high is because we don't want to make the deal contingent on our selling our current place (which we do intend to sell asap, but is unlikely to close in time). Thanks!

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Doing the mortgage is not an issue. The real issue is if the coop will accept. What are the Board's requirement on DTI?
0 votes Thank Flag Link Fri Jun 29, 2012
Try Chesky Fuchs 7189066156 he just helped close a deal for me that went VERY smooth....
0 votes Thank Flag Link Thu Jun 28, 2012
Hi Give me a call or send me an email and I will give you somebody's name to try
0 votes Thank Flag Link Thu Jun 28, 2012
Call me lets talk or forward me # I can call
0 votes Thank Flag Link Thu Jun 28, 2012
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