Skip to main content

Ask The Experts: Question of the Week

Our loan scenario desk experts receive thousands of questions from our subscribers.

Our experts work in the field and have over 25 years of experience, which is why they are known for saving a lot of deals.

We hope you learn something new!

Fannie Mae – Reserve Requirements for Note Holder vs. Title Holder


In a Refinance of investment property, the loan is in the father’s name only, but the title was and will continue to be in the son’s name, who occupies the property.

Can the son, co-owner, provide the 6-month reserves needed?


The reserves must be the father’s reserves and cannot be from any party not on the loan, regardless of holding ownership in the property. If the son will be on the loan with the father, then assets from the son can be used; otherwise, no consideration is given to the son’s assets, income, or liabilities.