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

… banks often require you to put at least 20 percent of an apartments purchase price towards the down payment Financing a deal like thatwhen the median price for Manhattan coops and condos  is just over $1 millioncan … the rate which is also a big advantage said Peter Lucia senior vice president at  CrossCountry Mortgage   If  you …

By Evelyn Battaglia |April 22, 2025 - 10:30AM
10 steps for creating a stellar co-op or condo board application

… York City be prepared to overcome hurdles beyond making the down payment and securing a mortgage Welcome to the … That process begins with the board package designed to show the board that you are a qualified buyer This … updated information for February 2025 That said coops have much more discretion and can reject board packages without …

By Evelyn Battaglia |February 12, 2025 - 12:30PM
The buyer's and seller's guide to NYC closing costs

… Whether youre buying or selling real estate in New York City you face hefty … 1 to 3 percent of the purchase price for the broker fee  … Bank fees … If youre taking out a mortgage expect to pay … a $1 million condo with an $800000 mortgage thats $15400 … Transfer taxes sponsor coop and new condo buyers only … If …

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