HDFC Co-ops Loans
Subsidized Affordable Housing: HDFC co-ops are NYC government-assisted buildings designed to provide low- and middle-income residents with affordable homeownership. Not all banks finance HDFC co-ops due to resale restrictions and perceived risk, but we have lending investors who will entertain these HDFC co-op buildings.
Features and benefits:
Minimum 680 credit score
20% down payment for a purchase
Minimum loan amount is $100,000
Maximum loan amount is $750,000
Conventional Rates
Does require Co-op board approval
Gift funds allowed
Primary residence only
