As a follow up to my previous posts, it seems that mortgages on HDFC purchases can be doubly difficult. I already mentioned that the high flip tax could mean that banks will require a much higher down payment. In addition, it seems that the relatively low purchase prices, which in turn lead to very small mortgage loans, are too small for some banks to bother with.

The conclusion is therefore that anyone interested in purchasing in an HDFC co-op should not only get prequalified for a mortgage but also confirm that the bank has lent in HDFC co-ops previously.

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