To put no more than 10% down (e.g. get 90% or 95% financing) you'll need both approval by your bank, as well as have it allowed by the co-op / condo. Of the approximately 90 active listings I am showing in the $250K - $350K range, the bulk require at least 20% down, but just under half will allow 10% down, and a few will even allow 5% down (e.g. 95% financing).
The first step is to ensure you're appropriately qualified for 10% down. For a quick prequalification, feel free to call my resource at Manhattan Mortgage, Kira Silverman, Managing Director at 212-318-9423 or email her at firstname.lastname@example.org. Kira has helped many of my clients, and I'm not compensated in any way for recommending/referring you to her.
Once you get that out of the way and confirm you'll qualify, then it's simply a matter of looking through the current batch of 90%+ financing listings to begin to see what grabs your eye. With your feedback on size, location, amenities, etc. your friendly broker can then help you narrow down the field to the most promising units. If you are not yet working with a broker, feel free to send me an email and I would be happy to send you the property details, floorplans and photos of the currently available listings and help start you on your way.
Jeff Brenner, MBA
Senior Associate - CitiHabitats | CitiSales
Apartments | Townhouses | Multifamily
Rentals, Sales and Investments
By Referral Only
"Platinum Production Award - 2009" | "Top Rental Production"
"Top Overall Production (Sales + Rentals) Award - 2008"
Mobile 646-496-5333 | Efax 917-262-7129
Licensed Real Estate Salesperson
Rutenberg Realty, NY, NY
down brand new 1 bedrooms. Also there are co-op units 1 bedrooms and 2 bedrooms in this price which
might take %10 as well. If you interested in seeing any feel free to call me @646-645-9833