Fannie Mae Multiple Property Reserves Needed

[Judy Zeng]

Hi Everyone,

I’m in process of doing a cash out refinancing on my primary (2 Family) home in order to purchase a (4 Family) investment property.

The loans are under Fannie Mae and I believe the lender is using manual underwriting.

When I look on the Fannie Mae matrix it’s saying 6 month reserves for refi and purchase.

My question is do I need 6 month reserves for each loan? I saw Fannie Mae has different reserve guidelines for multiple property financed.

Any help is greatly appreciated.

Thank You