Do you need cash reserves in the bank for a FHA loan?

For 1-2 family units you do NOT need cash reserves, however, it is up to the discretion of the underwriter.

For 3-4 family units - requires 3 months of PITI (no gifts)

Cash on hand / cash saved at home (also known as mattress money) is not allowed.

If you have any questions please call 602 993-0000 or email sunnations@cox.net