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Recent Credit Event

Recent Credit Event


Our recent credit event loans are for borrowers who have experienced a bankruptcy or other credit incident and are outside of Agency, Jumbo, or Government lending guidelines.

We offer products with down payments as low as 10-15% and time since event as low as 1 day.  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% when less than 36 months since event
  • Down payment as low as 10% when more than 36 months since event
  • Gift funds OK for down payment and closing costs
  • Minimum 580 FICO
  • Final bankruptcy 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