Getting an FHA loan in NYC (Manhattan)HelloI have been interested in buying a studio apt in Manhattan. I have gone to a few open house and talked several real estate agents about standard requirements for buying a condo in Manhattan.1. One of the agents told me that most condos and co-op boards typically do not take FHA loans..is this true?2. Another agent told me that most co-ops require a min of 20% down as well as 2 years of mortgage and maintenance in the bank...this is a ton of money!I am a bit discouraged about the reality of being able to afford buying anything in NYC if it is going to be difficult to get a loan and if I really need to have that much money to put down. I have great credit (above 720), I have been at my job for over 3 years, I make 60k, and I currently have 20k for a down payment. Not sure if I can afford to buy now or if it would be better to wait?January 06 2012 - Manhattan00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.