How do you qualify for a jumbo loan in NYC?

… New York jumbo loans arent just for luxury properties Many buyers have to opt for jumbo loans which are mortgages that … baseline for the first time A higher baseline means more buyers qualify for larger conforming loans … Tougher … also face specific requirements for their down payment with most lenders preferring borrowers put down at least 20 …

By Alanna Schubach |December 11, 2023 - 9:30AM
There's a semi-secret list of NYC co-op and condo buildings that are off limits to certain mortgage lenders

… lenders wont touch It could be a nightmare situation for a buyer seller and the building in general That scenario is … buildings in NYC that appear on a list putting them off limits for Fannie Mae lendersand there is the potential … run into problems he adds Another strategy in the current market Requests for financing and funding contingencies to …

By Jennifer White Karp |April 5, 2023 - 1:30PM
With new conforming loan limits above $1 million, NYC buyers can stretch their dollars

… money to buy food Borrowers need to consider that in highcost areas like NYC taxes maintenance and common charges and renovation costs are up as well and so are prices for other goods and …

By Jennifer White Karp |January 19, 2023 - 4:00PM