Buy a co-op at a discount: All about HDFCs and how to get one

… They have strict income caps for buyers are priced below the market rate and are an appealing option for low … market for $150000 dictates that the buyers annual income cannot exceed $89658 in the current year or two prior years … annually  and is currently $145800 for a threeperson household   Some HDFCs require buyers to earn no more than …

By Evelyn Battaglia |August 11, 2025 - 10:30AM
Here are 8 real co-op board reference letters from successful buyers

… Buying a  New York City coop is a lot like applying for a job Not only do you have to …

By Brick Underground |August 1, 2025 - 9:30AM
The pros and cons of buying a co-op sponsor unit: You don't need board approval, but you'll likely pay a premium

… Buying in a sponsorowned coop allows you to finance as much as the banks will allow you said Melissa Cohn regional … of verifying income if qualifying using conventional loans doesnt work Cohn said  The bylaws of the individual coop … down payment of only 10 percent when buying a sponsor coop However you may face higher closing costs  because buyers …

By Celia Young |July 24, 2025 - 11:30AM