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Financial Reqs for FH Co-Ops.
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Do I need to have perfect credit in order to purchase a luxury co-op in Forest Hills proper??? I hear that some of these boards are super stringent! Can any board members shed light on what the requirements are when reviewing applicant financials?

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You don't have to have perfect credit but you need to have at least 25% down payment. I think it's gone up to 30%-40% in some places. You also need to pay less than 50%, or so I am lead to believe, of your income after tax, into mortgage. You also need to have enough savings and other assets to cover you in case you are out of work for 6-12 months. So I am lead to

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