I'm looking to buy my first property; a co-op in Queens. I need some pointers about how to buy!?

Question

Specifically, what the board needs to approve me, if 100% financing is available, what to stay away from, etc.

Answer 1

you shoulden't have a problem..   nobody is buying nowadays..

you need real good credit.. like bretter than a 720...  goto truecredit.com for about $14.99, they can tell you your score...

you need to be stable..like being married helps.. no pets helps.. no kids helps....  looking hott, helps....  etc. etc.

financing is available from a millions banks..  try Countrywide.com.. they are like the McDonalds of financing..  

oh. you need a strady job, like for at least 2 years...  etc.etc

Answer 2

The co-op board will give you an application package that will tell you what you need in order to be considered and possibly approved.  You will also need to meet with and be approved by the board.

100% financing for a co-op? Not gonna happen.  You will need anywhere from 25% to 50% down.

Rules vary greatly from co-op to co-op.  Your broker should be able to match you with a co-op that best suits your needs and personality.