Ordinarily a minimum down payment is 3.5%, with a FHA loan, as of next week that goes to 5%. Top of the Ridge is not on the FHA approved list right now, so you will probably need 10% down.
Speak to your bank in terms of a mortgage first, then you can get some recommendations from friends, relatives and agents.
If I can help, let me know.
Thank you for your inquiry. There's no minimum requrement to purchase a condo. You can speak to your lender about the different loan programs that's suitable for you. If you need recommendations, I would be happy to help.
My office currenly has a beautiful three bedroom, three full baths and one half bath listed at Top of the Ridge for $625,000.
If you're interested, please feel free to contact me on my cell phone directly 914-525-4533.
Condos don't have minimum down payment requirements like co-ops do. Your best bet is to talk with your lender, who will review your income, debt and credit report, and let you know what kind of loan you can get and what your down payment should be.
Sometimes you can put as little as 3.5% down, if you qualify for an FHA loan & if the condo is approved by FHA.
Otherwise, you may have to put down 10% or 20%.
If you need the name of a reputable lender, please let me know & I'll make some recommendations.