So here is a link to the new mortgage rules that have been established to prevent another credit crisis and protect individual buyers. One thing you will notice is the debt to income ratio cannot exceed 43%, Traditionally NYC co-ops want to see a D to I of no more than 25%. This rule established by co-ops certainly helped insulate NYC from the fall out we saw throughout many parts of the country. Co-ops also typically want to see 24 months of liquid savings available post close, This along with the D to I limit certainly helped many New Yorkers avoid a catastrophe. Having sufficient reserves, combined with an affordable payment should be the goal of all home buyers.