The home loan that lets first-time buyers put as little as 3 percent down

… to the underwriting guidelines Interest rates are currently slightly lower than conventional lenders plus you can … history you can use 12 months worth of alternative creditrent or utility billsto establish that youre a worthy … features of a SONYMA loan  He notes that although the DPAL does not involve monthly payments you will have to pay a …

By Evelyn Battaglia |April 22, 2025 - 10:30AM
How first-time buyers can apply for up to $100,000 in down payment assistance

… in a forgivable loan towards their first purchase of a condo coop or one to fourfamily house in New York City Mayor … program HomeFirst which will provide roughly 1000 firsttime buyers with loans over the next five years The move doubles … … BuyBuy Affordable Housing … Co-opsbuying … Co-opscondos … down payment … first-time buyer … How firsttime …

By Celia Young |February 3, 2025 - 3:00PM
Hochul takes aim at institutional housing investors and rent-fixing software in State of the State

Governor Kathy Hochul announced plans to curb the ability of … across the state and to ban the use of software to set rents in her State of the State address on Tuesday … Corporate landlords coopt our housing stock for shortterm rentals Hochul said Or even worse they just let homes sit …

By Celia Young |January 15, 2025 - 11:15AM
Need a mortgage to buy a NYC co-op? Your rate is not the only thing to consider

… is very different from buying real estate anywhere else The competition you will likely face the amount of money that can be involved and the intricacies of most transactions … and asking things that did not make sense for the purchase My buyers agent had to explain that coop purchases are …

By Mimi OConnor |February 17, 2023 - 2:30PM
10 first-time buyer grants, loans, and programs available to New Yorkers

… year All of these factors make it harder for many firsttime buyers to meet financing requirements if they dont have … stellar credit or other assets  A tougher environment for buyers means many are looking for alternative ways to get … to come up with a 20 percent down payment above and beyond what the bank allows That said if youre finding it hard to …

By Emily Myers |February 28, 2022 - 9:30AM
5 NYC condos you can buy with only 10 percent down

… When you are buying an apartment in New York City the hefty down payment … purchase price  One important consideration Its easier to buy and own a condoin addition to putting less down you dont … in touch with us > > … But if a lower barrier to buying is what youre after here are five condos that allow only 10 …

By Austin Havens-Bowen |February 23, 2022 - 2:30PM
5 ways your NYC co-op building can boost prices for sellers

… Many New York City coop buildingsinfamous for their many rulesactually loosened … consider following suit in order to broaden your pool of buyers and better compete with condo buildings Of course … policy Chen says They both are fullservice petfriendly coops with exactly the same location and even though there is …

By Jennifer White Karp |January 26, 2022 - 3:30PM
The self-employed New Yorker's guide to getting a mortgage

… means you need to jump through more hoops than other buyers Now because of the pandemic and the disruption many … into your business account at a consistent rate  Heres what youll need in order to get a mortgage … A preapproval … important advice to anyone who is selfemployed and wants to buy is to get an ironclad preapproval letter indicating a …

By Emily Myers |February 1, 2021 - 2:30PM