Reserves Required

• 10% minimum of loan amount is required for all transactions.

• 15% minimum of loan amount required, loans DTI greater than 40%.

• Two months’ statements or most recent quarterly statement required.

• Reserves cannot be gifted.

• Non-U.S. dollar assets are ineligible.

• Marketable securities or vested stocks are an acceptable source of reserves, as well as retirement accounts.

• The borrower must be able to liquidate funds used to meet the reserve requirement. Accounts that cannot be liquidated are not eligible to be used as reserves.