Minimum Financial Qualifications:
Credit Score: 750 minimum
Maximum debt to income ratio: 33%
NO Bankruptcy in prior five (5) YEARS
NO late payments on credit report for the prior twelve (12) months
Maximum Financing: 80%
Minimum Down Payment: 20%
Two (2) years steady employment prior to purchase
Parking: availability or wait list, Garage $150.00/Parking $75.00.
Transition Flip fee: $4.00 per share
Application: (non-refundable) $600.00 (purchaser)
Credit/Criminal Check: $35.00 (purchaser)
Move In Deposit/Move out Deposit: $500.00 (both parties/refundable)
Pets: Subject to prior written approval. 40 pound maximum, no vicious breeds
Sublets: NONE. In cases of hardship, two year maximum, after three years of ownership, with prior approval from management and only if no more than 20% of units are sublet at the time.
The following are some basic guidelines and common courtesies to follow for a "better quality of life" for you and your neighbors.
Admission Requirements PDF Document: Download
Marina's Edge Owners Corp.
10-50 Davenport Avenue
New Rochelle, NY 10805