Application Fee

Meg Shea Posted: Apr 15, 2005 01:44 PM

Application Fee

My application fee for the co-op I bid on is $400. Is that normal???

IrishBride-05 Posted: Apr 15, 2005 01:51 PM

Re: Application Fee

Yes, it's the same at mine. A lady I work with paid $500 in NJ.

DjPiLL Posted: Apr 15, 2005 01:54 PM

Re: Application Fee

Damm... those numbers are high. I paid $299 for mine and I thought that was a lot.

FTRBRIDE Posted: Apr 15, 2005 01:55 PM

Re: Application Fee

application fee for the coop, or the application fee for the mortgage for the coop?

Meg Shea Posted: Apr 15, 2005 01:57 PM

Re: Application Fee

application for the coop

DjPiLL Posted: Apr 15, 2005 02:02 PM

Re: Application Fee

Co-Op fees can get outrageous... but unfortunately there isn't much you can do about them (except look at a different co-op).

Meg Shea Posted: Apr 15, 2005 02:07 PM

Re: Application Fee

I love the place but so I'm sorry i've never done this before but $400.!!!!
And if we don't get excepted we're out that money, right?

DjPiLL Posted: Apr 15, 2005 02:10 PM

Re: Application Fee

Yeah you lose the money.

But trust me when I say if you can get a mortgage... you will most likely get accepted.

Just make sure you meet all their criteria before you do the application (salary requirements, bank savings requirements, occupancy issues, down payment percentage, pets, etc.)