Assessment of applicant's financial standing

Hi sonata0401. When you say your post closing liquidity is about 6x...6x of what? Many coops look for buyers to have at least 2 years worth of carrying costs in post closing liquidity. Others require that buyers have liquid assets in multiples of the purchase price. All depends.

As swiftykat said, each coop has their own set of requirements. The seller or their broker should have let you know what the requirements for the particular coop you are attempting to purchase in before you signed the contract of sale.

The standard requirements seem to be 25% DTI and 2 years post closing of maintenance and mortgage. If you have 6 times that may set off the fact that your DTI is a bit over 25% or you could pay down some debt to get there. Co-ops aren't required to state their requirements and most don't disclose so make sure you have a good broker who will know about different building requirements and be able to present a good total picture of you on the application.