Recent Housing Event
Recent Housing Event
Our recent housing event loans are for borrowers who have experienced a Short Sale, Foreclosure, or Deed in Lieu and are outside of Agency, Jumbo, or Government lending guidelines.
We offer products with down payments as low as 15% and time since event from 1 day on. Depending on the type of loan product you apply for, there are various amounts of time you may be required to wait before you’re eligible to purchase a home or refinance. As you can see below, Diamond Residential Mortgage has more solutions than most lenders.
Additional information:
- Loan amounts from $100k to $2.5 million
- Down payment as low as 15%
- Gift funds OK for down payment and closing costs
- Minimum 580 FICO
- Final Foreclosure, Short Sale, or Deed in Lieu documentation required prior to closing
- Combine with bank statement income calculation
- Primary Residence, Second Home, Or Investment Properties
- 1-4 Family Properties, Townhomes, or Condos (non-warrantable by exception)
- Purchase, Rate and Term, or Cash out