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Updated about 11 years ago,

User Stats

84
Posts
10
Votes
Jeremy Williams
  • Lender
  • Sacramento, CA
10
Votes |
84
Posts

buying a duplex, conventional loan requires reserve account?

Jeremy Williams
  • Lender
  • Sacramento, CA
Posted

looking at a duplex and just received a call from a loan officer/broker stating I'll need a reserve account with x amount of money in it since I'm planning to to rent out half the the home. I was going to do that on my own anyway but just wondering if this is normal?

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