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

… price for the city  Editors note A previous version of this post was published in May 2024 We are presenting it … for a down payment a SONYMA loan could be the answer … What are the available down payments … According to Patrick … 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
10 steps for creating a stellar co-op or condo board application

… letter from a superior or colleague offering substantive feedback about you in a work environment including details …

By Evelyn Battaglia |February 12, 2025 - 12:30PM
How first-time buyers can apply for up to $100,000 in down payment assistance

… More New Yorkersthough not manywill soon be able to snag up to $100000 in a forgivable … in funding would be added to the citys down payment assistance program HomeFirst which will provide roughly 1000 … of the AMIabout $130450 for an individualcan apply … What else do I need to know before applying … To be eligible …

By Celia Young |February 3, 2025 - 3:00PM
Buying for the first time in NYC? Be sure to prep your finances first

… to critical questions about what you can afford whether a coop or condo makes better financial sense for you and how to budget for closing costs and monthly maintenance or common charges  … for a mortgage Without it you will have a difficult time getting a loan  Daniel Blatman a broker at Compass …

By Evelyn Battaglia |January 21, 2025 - 1:30PM
The buyer's and seller's guide to NYC closing costs

… closing costs take a serious bite out of the proceeds For buyers they can have a tangible impact on your purchasing … at The Stone Law Firm Read on for an overview of what youll pay in closing coststhe actual sum will vary widelyand some … to pay 2 to 4 percent of the purchase price of a coop condo or townhouse  … A good rule of thumb is to set aside …

By Evelyn Battaglia |January 6, 2025 - 10:00AM
From Kips Bay to the UES: I bought a studio because asking rents were too high

… for her own place Discouraged by high rents she pivoted to buying instead landing in a newly renovated studio coop Shes … and didnt even have a doorman My parents suggested I buy something instead and I knew it was the right move I saw … a brandnew kitchen bathroom and flooring … Lessons learned buying a coop … The buying process was very very long I …

By Kelly Kreth |August 22, 2024 - 12:30PM