Unlock Up to $3,000* in Lender Credits
with the Diamond Community Advantage Program
*DRMC will provide a lender credit equal to the greater of $500 or 1% of the loan amount up to a maximum of $3,000 to consumers seeking to purchase homes in majority-minority census tracts in Lake County, Indiana, and Cook County, Illinois.
Why Choose the Diamond Community Advantage Program?
The Diamond Community Advantage Program (DCAP) offers significant financial benefits to homebuyers seeking to purchase homes in certain Cook County, Illinois and Lake County, IN areas. Here's why you should consider the DCAP:
Generous Lender Credit:
Eligible borrowers can receive a lender credit of up to $3,000* to assist with closing costs, down payment buydowns, or other permissible items.
Amplified Benefits:
DCAP works in conjunction with local Down Payment Assistance Programs, including those provided by the Indiana Housing and Community Development Authority (IHCDA) and the Illinois Housing Development Authority (IHDA), allowing borrowers to maximize their financial assistance.
Tailored Solutions:
In addition to DCAP, DRMC offers a variety of loan programs to meet the unique needs of each borrower, ensuring there are options available even if they do not qualify for DCAP.
Who Is Eligible?
To qualify for the Diamond Community Advantage Program, you need to meet certain criteria:
- Property Eligibility: The property must be located in a majority-minority census tract in Cook County, Illinois or Lake County, Indiana.
- Borrower Eligibility: You must meet DRMC's underwriting criteria, including any minimum required investment or similar requirements.
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Government-Backed Mortgages in Cook County: Only government-backed mortgages are eligible in Cook County, ensuring additional support and security for borrowers.
Why Choose DRMC.
Diamond Residential Mortgage Corporation (DRMC) is a mortgage lender with corporate headquarters in Lake Forest, Illinois, licensed to originate and service mortgage loans in 21 states. DRMC is approved to originate FHA, VA, USDA, and conventional mortgage loans and several mortgage loan products offered by private investors. It is an approved Freddie Mac and Fannie Mae Seller/Servicer and Ginnie Mae Issuer. Founded in 2009 by Paul Diamond, DRMC has since expanded to over 30 branch locations across the United States.
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Exceptional Support
No complex phone trees or 800 numbers here. Our experienced loan officers and operations staff are focused on providing the responsiveness and personalization customers and partners expect from a relationship-based local market lender.
Dedicated Operations Team
At DRMC, we earn our business one loan at a time through knowledgeable, qualified staff, supported by an experienced operations team. Our team of professionals manages each loan and seeks to collect required documents and deliver timely communication as efficiently as possible.
No matter how complex, we look for a solution for each situation.
Communication
The home loan process can be a bit complicated, which is why a lender dedicated to communication is crucial. At DRMC, our primary goal is to provide timely and accurate communication, reducing the stress in any home finance situation. From our customized, educational content before application, to our continued check-ins as the closing date arrives, we work to ensure you know you are not alone on this journey.
Comprehensive Product Offerings
At DRMC, we offer one of the broadest arrays of mortgage products in the market. This allows our professionals to craft the right solution regardless of your situation, and help you get into the home of your dreams.
State of the Art Technology
Digital mortgage tools are no longer the future; they are the standard. At DRMC, we have several methods of interface designed to be flexible and offer our customers the most pleasant user experience. From our state-of-the-art digital portal interface to our industry-standard servicing platform, we have a solution that will work for you.