- Find a Real Estate Professional
- Realtors®
- Mortgage Lenders
- Home Improvement Pros
- Other Real Estate Services
- Review an Agent, Lender or Pro
- Marketing on Zillow
- Real Estate Agent Advertising
- Join the Professional Directory
- Popular
- Real Estate Market Reports
- More
Answers (5)
- Al Rodenburg, "Al Rodenburg"
- Contributions:27
Typically 6 months; however, would need more Information from you in order to formulated a more detailed response.
- Michael Dolan, "BrokerPro"
- Contributions:277
What Robert Benham said.
There is no "answer" to the question as you pose it. That's because no one loan term stands alone. All terms of the loan -- and their requirements -- interact.
There is no "answer" to the question as you pose it. That's because no one loan term stands alone. All terms of the loan -- and their requirements -- interact.
- Joe Cafiero, "Joe Cafiero"
- Contributions:3221
Would suggest possibly putting an addtional 5% down as the terms get much more favorable
- Chris Milker, "CMG Financial"
- Contributions:255
Six months PITI reserves for all properties are required.
- Robert Benham, "FHA down to 620 OK!"
- Contributions:776
Up to 6 months reserves may be required. However we all use an automated underwriting system provided by fannie/freddie. So the system will tell us what is needed. There are times when 0 reserves are required.
You would have to apply to find out the exact.
You would have to apply to find out the exact.
Looking for an investment loan with 20% down, credit score 760+, how much cash reserves is required?
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.