Board Package
The application dossier a NYC co-op buyer submits for board approval — financials, references, and personal statements, reviewed after mortgage approval is already in hand.
Last updated: August 12, 2026Getting a mortgage approved is a separate hurdle from getting a co-op board’s approval — a lender can sign off on your financing and a board can still reject you, without explanation, for reasons that have nothing to do with your ability to pay. The board package is the dossier that makes that second review possible: typically 2-3 years of tax returns, bank and brokerage statements, employment and personal reference letters, a financial statement, and a personal essay explaining why you want to live in the building.
What boards actually check
Boards are looking for the same two things a lender checks — debt-to-income ratio and post-closing liquidity — but often apply stricter thresholds than a bank would. See the board approval guide for typical processing fees and timelines, or check whether you’d clear a typical board’s DTI and reserve bar before investing time in a package on the Co-op Calculator.