Mohammed, in general co-ops are looking at your financial documents (income, assets and credit). They'll be looking at what type of income you get, employment stability, and your overall situation. They want to make sure you're able to pay the monthly dues along with your mortgage, and in some unique and rear cases they want you to fit the profile of the co-op's residents. The last thing they want is for someone to move in and default.
What's the process? Begins with you meeting a Loan Officer and becoming pre-approved. I'm always available if you're in need of a Loan Officer experienced with co-ops. Good luck!
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Senior Loan Officer
STERLING NATIONAL BANK
310 Crossways Park Drive
Woodbury, NY 11797