Do you need any to show any 'reserves' in your bank account to qualify for an FHA loan?I'm trying to decide between a conventional and FHA loan...I can put 10% down and have closing costs and maybe like 2 mos of "reserves" but my broker (not an FHA broker) tells me I need to have that money for 3 months straight in order to qualify for a loan. Since some of the DP is coming from parents, the 3 month thing is causing a problem for me if i find something soon. I have a good credit score and stable income.March 13 2009 - San Francisco00YesReport 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.