hiow much money i have to do down payment?

Asked by prabeshtamang002, New York, NY Sat Dec 29, 2012

This question was asked from http://www.trulia.com/property/3086044071-4131-51st-St-1F-Qu…

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Anna M Brocco, Agent, Williston Park, NY
Sat Dec 29, 2012
Be aware that a mortgage pre-approval letter is required in order to determine your price range and for any offers to be taken seriously, therefore visit with any licensed loan officer; much will depend on the type of loan; each co-op is different when it comes to downpayment requirements therefore also consider working with an agent of your own. The referenced property is not showing as available on MLS, for available area properties check http://www.mlsli.com
1 vote
, ,
Sat Nov 16, 2013
On certain loans you don't need any of your own money. The down payment and all closing costs can be gift or a combination of gift and seller paid closing costs. Please get in touch with me if you want to discuss your personal situation.


Sanjeev Ahuja NMLS # 148731
Mortgage Broker
Home Funding LLC
110 Jericho Turnpike Ste 214
Floral Park, NY 11001
Direct Ph 917-517-2552
NYS Registered Broker, Department of Financial Services, Loans Arranged through third parties NMLS # 885573
0 votes
claudette no…, Agent, vlalley stream, NY
Wed Jan 9, 2013
FHA requires 3.5%

I can be reached at 516-770-3836 for further questions
0 votes
De Vonte Wil…, Agent, East Point, GA
Sat Dec 29, 2012
Hello. This property is no longer on the market as of 12/29/12. To answer your question, down payment amounts vary, and are based on your lender, AND the co-op and/or condo board. For example, a lender may only require a 5% down payment, but a co-op or condo board may require a 10% or 20% down payment. In regards to down payment requirements as per your lender, check your pre-approval. As for down payment requirements per this co-op board, you should have your agent inquire as to the amount needed for a down payment.

I hope this answered your question! If you have any further questions, please feel free to contact me by the ways below.

Wishing you all the best,

De Vonte Williamson , LSA
Proudly Serving Long Island
Coldwell Banker Residential
"I Stand Behind Getting You Results!"
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