I wasnt even aware of this requirement when we applied for the loan, since nobody said anything about it at the time. Other than that, we are totally qualified for a home loan. Solid credit, a long history of paying bills, good income, etc.
Is there a mortgage lender who will do a home loan with no cash-reserve requirements. Or is this a standard requirement across the industry. The short answer is yes, there are mortgage lenders out there that do not require borrowers to have cash reserves.
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Your loan pre-approval is just a few clicks away. Quick Cash in Minutes. If approved, electronic transfer can be in as little as 4 hours. Most bank transactions will be received within 1 business day, although certain banks can take up to 48 hours to show the credit. How It Works. If you have a cash flow problem cashonyourmobile.