What is the freddie mac reserve requirements second home?

Minimum required reservesFor Loan Product Advisor(R) Mortgages, the Seller must verify all reserves required by Loan Product Advisor, as stated on the Feedback Certificate. The amount of reserves stated on the Feedback Certificate and required to be verified for Loan Product Advisor Mortgages secured by second homes and Investment Properties includes the following additional reserves:Number of financed propertiesAdditional required reserves for second home or Investment Property MortgagesWhen each Borrower individually, and all Borrowers collectively, are obligated on one to six financed properties, including the subject property and the Borrower's Primary ResidenceTwo months of the monthly payment amount (as described in Section 5501.2(a)) on each additional second home and/or 1- to 4-unit Investment Property that is financed and on which the Borrower is obligatedWhen each Borrower individually, and all Borrowers collectively, are obligated on seven to 10 financed properties, including the subject property and the Borrower's Primary ResidenceEight months of the monthly payment amount (as described in Section 5501.2(a)) on each additional second home and/or 1- to 4-unit Investment Property that is financed and on which the Borrower is obligated | John Burke | Senior Mortgage Banker | Lending in ALL 50 states | www.yourtexasmortgagelender.com|Stride Bank | jburke@stridebank.com | (877)228-9069 | NMLS# 787231 |

The short answer is typically 2 months.

The answer is.... Drum roll please.... It depends. Typically it is going to be two months of your primary properties mortgage payment. But it also depends if you have other properties, and more. Ultimately, a lender can only give you the 'final answer' for your individual situation once you've completed a full application, and the lender runs it through Freddie Mac's underwriting system. I lend in MN, WI, IA, CO, FL, ND, SD. | Cambria Mortgage | NMLS 274132 | JoeMetzler.com | (651) 552-3681 |