Jumbo loans have different guidelines than the conforming limit loans. One major difference is the reserve requirements are stricter. Typically, a minimum of 6 months of the housing payment would be required in reserves, but will depend on specifics of your loan. If the property will be an investment or you own multiple properties the requirements also would include payments for those properties as well. #cashreserves #reserves #savings #mortgagetips #jumboloan #conformingloanlimits #mortgage #g
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