which Bank To borrow $$$ from?

Prissy · 11-24-2008, 08:12 PM

Trying to get a loan from a bank to buy a co-op in NY... It's my first time, which bank is better to go to? I think I am going to head out tomorrow but need a plan first

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Tondtar · 11-24-2008, 08:17 PM

I heard Citibank will be getting a new truck load of our tax money soon ..You may want to give them a call

Congrats on the new place and good luck w/ the loan process

jaserion · 11-24-2008, 08:24 PM

have you tried lendingtree.com? it'll give you a good idea of what's out there.

Prissy · 11-24-2008, 09:04 PM

Quote:

Originally Posted by Tondtar

I heard Citibank will be getting a new truck load of our tax money soon ..You may want to give them a call

Congrats on the new place and good luck w/ the loan process

I just heard today that city bank is not safe at the moment? stock is down...etc might new management soon?

sinnet112 · 11-24-2008, 09:04 PM

Hudson City Savings Bank. Tougher credit approval process, but they're well-run and highly unlikely they'll go under.

mpimping · 11-24-2008, 09:04 PM

Quote:

Originally Posted by jaserion

have you tried lendingtree.com? it'll give you a good idea of what's out there.

NO. NYC is a unique market esp when it comes to coops because not every bank will approve every building so the same person could qualify for different rates depending on which building they buy in or get quoted a rate that doesn't apply to them. PM me the down payment, loan amount, income, credit scores, ect and I'll help you out... also I need to know how much you have have liquid after closing... and bank guidelines can change at any time so I would not try to find one bank but find a banker or broker.

Prissy · 11-24-2008, 09:19 PM

Quote:

Originally Posted by jaserion

have you tried lendingtree.com? it'll give you a good idea of what's out there.

Cool

Checking out the site right now.

mpimping · 11-24-2008, 09:36 PM

Quote:

Originally Posted by sinnet112

Hudson City Savings Bank. Tougher credit approval process, but they're well-run and highly unlikely they'll go under.

they don't lend in manhattan... I think OP would have better luck in fort lee because with a 60k down payment in Manhattan he might be able to find a box. a lot of banks have sq foot requirements for coops and condos...

Prissy · 11-24-2008, 11:31 PM

Quote:

Originally Posted by mpimping

they don't lend in manhattan... I think OP would have better luck in fort lee because with a 60k down payment in Manhattan he might be able to find a box. a lot of banks have sq foot requirements for coops and condos...

No.. I am not looking into the city... Probably in Queens.

11-24-2008, 08:12 PM	#1
Prissy Brigadier General 1091 Rep 4,855 Posts Drives: M340i Join Date: Sep 2008 Location: NY iTrader: (6) Garage List 2015 BMW F30 [5.50] 2020 M340I [0.00] 2017 X3 [0.00] 2008 BMW E92 [9.00] 2010 BMW E92 [10.00]	which Bank To borrow $$$ from? Trying to get a loan from a bank to buy a co-op in NY... It's my first time, which bank is better to go to? I think I am going to head out tomorrow but need a plan first .
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11-24-2008, 08:17 PM	#2
Tondtar 12 yr old Juvie 1137 Rep 881 Posts Drives: His Mom Crazy Join Date: Apr 2008 Location: El Lay iTrader: (2) Garage List 2008 (RIP in 2011) ... [0.00]	I heard Citibank will be getting a new truck load of our tax money soon ..You may want to give them a call Congrats on the new place and good luck w/ the loan process
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11-24-2008, 08:24 PM	#3
jaserion Captain 123 Rep 973 Posts Drives: BMW Onsh'mo... Join Date: Nov 2007 Location: New York iTrader: (0)	have you tried lendingtree.com? it'll give you a good idea of what's out there. __________________ 2015 F31 Sport Wagon 2014 Tesla Model S 2011 E93 M3 - Gone 2008 E92 M3 - Gone 2006 E90 325i - Gone
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11-24-2008, 09:04 PM	#5
sinnet112 Major 31 Rep 1,118 Posts Drives: 2009 E89 Z4 Join Date: Dec 2006 Location: NJ iTrader: (1) Garage List 2007 335i Coupe [0.00] 2007 328xi Sedan [0.00]	Hudson City Savings Bank. Tougher credit approval process, but they're well-run and highly unlikely they'll go under. __________________ Z4 sdrive30i \| Deep Sea Blue \| Ivory White Nappa Extended Leather \| ZSP
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