Jumbo Loans
What are jumbo loan reserve requirements?
Answered by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
Jumbo loans typically require cash reserves of six to twelve months of full payments after closing, and larger loans may require more. Reserves prove you can sustain the payment.
Retirement and investment accounts usually count, often at a discount. We'll calculate the exact reserves your jumbo program wants and which assets qualify.
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