Finance
A Virginia jumbo loan borrower typically must demonstrate higher reserves than conforming loan borrowers. Reserves are typically measured in:
AWeeks of income
BMonths of PITI payments in savings after closing✓ Correct
CAnnual tax returns
DNumber of investment properties owned
Explanation
Lenders require reserve documentation — typically 6–12 months of PITI payments — remaining in liquid accounts after closing on jumbo loans. This demonstrates financial stability beyond the down payment.
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