BOA new multifamily reserve guidelines

Home Forums Purchase Program BOA new multifamily reserve guidelines

Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • #48706
    frankysmom
    Member

    Hello Tim,

    Spoke to a naca realtor and was told BOA has changed their guidelines and now require 5 months of mortgage for a 3 family and 6 months of mortgage reserves for a 4 family. Can this please be confirmed? Thank you

    #48707
    Quintana1
    Member

    Really. That’s crazy.

    #48802
    frankysmom
    Member

    I know! This would set me back for sure, if true.

    Can anyone who has recently gone through the process confirm or deny?

Viewing 3 posts - 1 through 3 (of 3 total)
  • You must be logged in to reply to this topic.