co-op question
does every co-op need 20% down????
Member since
co-op question
Member since
Re: co-op question
Not every coop but I am hearing more and more that the 20% is becoming the norm. Our co-op requires 20%.
Member since
Re: co-op question
ours was 15%... it can vary by board
Member since
Re: co-op question
Ours is 10%...Gibson Gardens in Valley Stream
Member since
Re: co-op question
I am putting my co-op on the market today. See my thread in this forum.
My co-op requires 15% down. Its ok to pull this money from a 401k or retirement source.
The co-op just checks the bank's committment letter... and as long as the bank doesn't care where you get the money from... you are good to go (at least with my co-op).
My co-op requires 15% down. Its ok to pull this money from a 401k or retirement source.
The co-op just checks the bank's committment letter... and as long as the bank doesn't care where you get the money from... you are good to go (at least with my co-op).
