Does
FHA have cash reserve requirements?
With
the exception of three and four-unit properties, FHA does not have cash reserve
requirements. For those transactions, the borrower must have reserves
equivalent to three months
Happy Selling!
Jerry Alexander
Underwriter
Gateway Mortgage Group
1255 W. 15th Street| Ste. 540|
972-908-3390 ext. 132
jerry.alexander@gmos.us
2/23/2010
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