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Updated over 2 years ago,

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13
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1
Votes
Reginald Silva
1
Votes |
13
Posts

capital reserve requirements for underwriting

Reginald Silva
Posted

Does anyone know how much money an underwriter looks for in reserves when underwriting a loan? I am closing on a $650,000 home in 25 days. My all-in cost is $19,500 which I have currently and I am considering taking a home loan on my 401K for reserves. Does anyone have experience in this regard?  

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