It depends on the loan program. For Owner-Occupied Lite Doc programs, see below:
| LTV | Min. Reserve Requirement |
| Less than or equal to 65% LTV | 0 months PITI(A) |
| Greater Than 65% LTV | 3 months PITI(A) |
| Borrowers who own other financed properties are required to evidence an additional 1 month of PITIA reserves for the subject property for each additional financed property, capped at a maximum total of 18 months PITIA reserves. | |
| Reserve Requirements | |||
| * Reserve requirements apply to subject property PITIA only. | |||
| Owner-Occupied | Investment | ||
| CLTV <= 65% | 0 months PITI(A) | Loan Amount Less than or equal to $500,000 | 3 months PITI(A) |
| CLTV > 65% | 3 months PITI(A) | Loan Amount is between $500,001 – $1,500,000 | 6 months PITI(A) |
| Loan Amount Greater than $1,500,000 | 12 months PITI(A) | ||
| *Cash-out procees may be used and applied towards Reserves, if: 1) LTV is 70% or less; and 2) FICO is 720 or greater. | *Cash-out procees may be used and applied towards Reserves | ||
| * Borrowers who own other financed properties are required to evidence an additional 1 month of PITIA reserves for the subject property for each additional financed property, capped at a maximum total of 18 months | * Borrowers who own other financed investment properties are required to evidence an additional 2 months of PITIA reserves for the subject property for each of those properties | ||