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Updated over 5 years ago,

User Stats

8
Posts
2
Votes
Craig Risser
  • Rental Property Investor
  • Harrisburg, PA
2
Votes |
8
Posts

Cash Reserves for Mortgage

Craig Risser
  • Rental Property Investor
  • Harrisburg, PA
Posted

Hello everyone,

Getting my down payment, closing costs, and cash reserves lined up for my first investment property come January.

But today I read that lenders also want to see six months of cash reserves available for my primary residence. Approximately $7k in my case.

Is this information accurate? My credit score is 820.

Thanks

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