Suffolk apartments - Lower East Side (40-100 ami) (Hope: pool, approval)
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Location: Read the Marketing Handbook, and Income a Guide.
2,045 posts, read 1,662,422 times
Reputation: 492
Advertisements
Quote:
Originally Posted by YellowPudding
Thank you! I looked through my accounts and put down the few I had - hopefully they will contact me to ask any questions if I missed any by accident, I'm just worried about automatic disqualification because I messed up. Thanks again and I hope you get your HPD approval through soon!
Don’t be intimidated too much by the process. It’s a requirement not personal to you. Consider the purpose of the request. More or less, they are looking at deposits that might be income a person forgot to report.
Hypothetically, if your income on the existing paperwork is $10,000 under the maximum, and all non-payroll deposits for the past year total $2000 they might just rubber stamp approved on it without much scrutiny.
What they are checking is that you meet whatever the income limits are. If you moonlight as house painter and deposits reflect payments for your work they might want look into that further. So, it’s best to explain such deposit ahead of time. If someone paid you back a $5000 personal loan, you want to say that so they don’t think it’s some gig you had.
If you are rejected on Income, you can appeal that decision.
Don’t be intimidated too much by the process. It’s a requirement not personal to you. Consider the purpose of the request. More or less, they are looking at deposits that might be income a person forgot to report.
Hypothetically, if your income on the existing paperwork is $10,000 under the maximum, and all non-payroll deposits for the past year total $2000 they might just rubber stamp approved on it without much scrutiny.
What they are checking is that you meet whatever the income limits are. If you moonlight as house painter and deposits reflect payments for your work they might want look into that further. So, it’s best to explain such deposit ahead of time. If someone paid you back a $5000 personal loan, you want to say that so they don’t think it’s some gig you had.
If you are rejected on Income, you can appeal that decision.
Thank you for the reassurance! I'll try to relax (as hard as it is to do so) since my income and bank statements are very straightforward and I can easily explain anything.
Thank you! I looked through my accounts and put down the few I had - hopefully they will contact me to ask any questions if I missed any by accident, I'm just worried about automatic disqualification because I messed up. Thanks again and I hope you get your HPD approval through soon!
Thanks and fwiw my agent worked with me if there were any questions or clarifications needed.
Thank you for the reassurance! I'll try to relax (as hard as it is to do so) since my income and bank statements are very straightforward and I can easily explain anything.
I am self employed so I had to list a lot of deposits and went into detail on each one. But you should have a much easier task if you're mostly w2. Just put down anything that's not a regular payroll deposit and if there aren't any I think you're right you wouldn't list anything. But as @emily les said the agent will answer any questions. They asked me for clarifications on a few of them. Honestly I wish I'd known about this forum when I was filling everything out I would have been much less nervous.
I'm also waiting on HPD final approval so I hope we all hear soon and get to move into our new homes
Everyone is naturally nervous during all of this. There's so much at stake. I've been so worried I'd make a mistake. You're gonna be fine @yellowpudding
Thank you!! It’s reassuring to know they’ll likely reach out if there are any questions - good luck on the final stretch and I hope to see you guys around in the building
Thank you!! It’s reassuring to know they’ll likely reach out if there are any questions - good luck on the final stretch and I hope to see you guys around in the building
Hi everyone,
I got my approval and keys this week and am moving in on Thursday! I wish everyone the best of luck and hope to meet you at 55 Suffolk.
Congratulations! I got notified of HPD approval today and they said the building would be in touch about next steps. Hopefully I'll hear from them tomorrow. I'm so grateful. Can't wait to see you all around the building
Congratulations! I got notified of HPD approval today and they said the building would be in touch about next steps. Hopefully I'll hear from them tomorrow. I'm so grateful. Can't wait to see you all around the building
Congratulations! And thank you for the update.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
