Reserves
Reserves are the savings you keep after your down payment and closing costs. Lenders measure them in months of payments. They act as a safety cushion.
What Reserves means
They show you can keep paying if income dips. Some loans require a few months on hand. Strong reserves can improve your rate.
Florida example
A Florida buyer keeps three months of payments saved. That cushion strengthens their file. It can also unlock better terms.
What reserves are
Reserves are the savings you have left after your down payment and closing costs. Lenders measure them in months of mortgage payments.
They show you can keep paying if income dips.
Why they matter
Strong reserves can improve your approval odds and sometimes your rate. Some loans require a few months on hand.
We help you plan reserves before you apply. Reach out and we will show how much you need.
Related program: Learn more →
Verify the details for your own situation against these government and agency sources: Florida Housing homebuyer programs and CFPB Owning a Home guide.