Reserve Requirements Fannie Mae

[Paul Garcia]

Hi All,

I have a question about reserve requirements on a Fannie Mae mortgage. I've been under the impression that after 4 financed properties, the requirement is 6 months of PITI(A). I'm looking at the Fannie Mae website now and I'm seeing something different. It reads 6 months of PITI on the subject property, and a percentage (2%-6%) of the outstanding mortgage balance on other financed properties. Can anyone confirm which is correct?

Thanks!