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Updated about 10 years ago on . Most recent reply

Sheila B.'s profile image
Sheila B.'s profile image
Sheila B.
  • from Bryn Mawr, Pennsylvania
  • Member since Jul 19, 2015

User Stats

15
Posts
5
Votes
Sheila B.'s profile image
Sheila B.'s profile image
Sheila B.
  • from Bryn Mawr, Pennsylvania
  • Member since Jul 19, 2015
Sheila B.
  • Bryn Mawr, PA
5
Votes |
15
Posts
Private Lending & Conventional Mortgage Advice

6 months PITI reserves?

Sheila B.
  • Bryn Mawr, PA
Posted

Hi,

I am going through my first multi-family purchase and I'm trying to go through the traditional lending route. Two lenders I've spoken to require 25% down + 6 months PITI reserves. Is this normal? Seems extreme but I've found this twice already. Again, this is my first property and I'm moving slower than I would normally like to. Appreciate any advice?

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