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HDFC income limits - this year or next year?

Started by Baier
over 10 years ago
Posts: 41
Member since: Jul 2007
Discussion about
My income is over $100,000, which is usually too high for an HDFC building. However, this year, I was on an unpaid sabbatical, and I will have made about 20% less. That might be enough for some HDFC buildings. The income limits are “at time of closing.” How is this calculated? Is it off my income tax statement? So do I have to wait until after April 15, 2016 or at least after January 1, 2016 to make an offer, or can I close in 2015? Thanks!
Response by front_porch
over 10 years ago
Posts: 5321
Member since: Mar 2008

For the building I'm currently selling in (1400 Fifth) the city looks at two years of tax returns and also current income. It varies building by building, though, so ask the listing agent to provide you with the application package for that particular building.

ali r.
{downtown broker}

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Response by miker430
over 10 years ago
Posts: 51
Member since: Nov 2012

Not my experience, 1 year tax return all that was necessary. Should all be spelled out in the offering plan.

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