“Owner-occupied” coop units

Categories: Mortgage

This is a question for anyone who’s shopped around for a mortgage on a coop apartment lately. What percentage of “owner occupied” units is a coop building required to have in order for a prospective buyer to obtain a mortgage? Is it 70%? 75%? 80%? Or is it not a question that your lender asked?

By WonTon | 09/02/2009 4:00 PM