6 reasons why your mortgage application might be denied or delayed that have nothing to do with you

… Even if you are a wellqualified New York City buyer with good credit and money in the bank you can have … from Fannie Mae one of the governmentbacked entities that buys loans from banks requires lenders to restrict loans to … in reserve for repairs maintenance and special assessments Most new construction buildings do not meet these guidelines …

By Brick Underground |November 11, 2025 - 4:00PM
Buy a co-op at a discount: All about HDFCs and how to get one

… average cost of HDFCs is more like $350000 to $500000but in most cases theyre still far cheaper than the market rate in … below for how to narrow your search ranging in price from $85000 for a one bedroom in the Bronx to $185 million for a … guidelines  that allow generations of a family to live in the same unit successively  As with many HDFCs …

By Evelyn Battaglia |August 11, 2025 - 10:30AM
The home loan that lets first-time buyers put as little as 3 percent down

… for many However some programs allow qualified  firsttime buyers to put down far lessas little as 3 percent  For buyers at or below a certain income level the State of New … of 10 units and be professionally managed by a third party Most coops require at least 20 percent down meaning you may …

By Evelyn Battaglia |April 22, 2025 - 10:30AM
The buyer's and seller's guide to NYC closing costs

… Whether youre buying or selling real estate in New York City you face … closing costs take a serious bite out of the proceeds For buyers they can have a tangible impact on your purchasing … insurance Expect to pay anywhere from $350 per year for the most basic policy to around $1500$2500 annually for good …

By Evelyn Battaglia |January 6, 2025 - 10:00AM