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Income Qualifications

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Smart Ways to Find an Affordable Apartment

Check for Affordable Co-Op Housing

Cooperative housing (co-op) is a unique housing option where tenants collectively own the building and share responsibilities. Co-ops often offer lower monthly payments because the costs are split among residents. This option provides an affordable living arrangement, especially in high-cost cities, though it requires participation in the building’s management.

Affordable Housing Tip

Get Pre-Approved for a Mortgage

Getting pre-approved for a mortgage gives you a clear understanding of your borrowing capacity and budget. It also strengthens your position when negotiating with sellers. This preparation can streamline the home-buying process.