Conventional Loan Approval for Investment Property
I have a question about getting approved on a conventional loan for an investment property. I plan on 20% down to fulfill the 80% LTV. I have a very low DTI ratio of sub 15%. However, my hold up is I have low reserves currently. I've read that some lenders require 6-12 months of reserves. Do you think my low DTI ratio is a strong enough compensation factor for not having a large amount of reserves?