Diamond Mortgage

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Summary	Portfolio product with no minimum down payment and no PMI requirement designed to benefit members with investment/depository accounts totaling at least $250k with DFCU Financial. Financing provided through this program is only available for properties located in the state of Michigan or Florida.
Available Product Type	SOFR 5/6 ARM, SOFR 7/6 ARM
LTV & Loan Amount	Primary Residence - 100% to $1M, 90% to $1.5M
Prepayment Penalty	None
Loan Assumption	None
Eligible Properties	1-unit dwellings, attached and detached condominiums, PUDs
Escrow	An escrow account must be established for property taxes, and flood insurance, if required
Underwriting	No Private Mortgage Insurance Minimum annual combined income of $200k Verification of minimum assets of $250,000 on deposit with DFCU (may be any combination of depository and investment accounts with DFCU) Occupancy – Primary Residence Minimum Credit Score - 700 DTI – Max 43% (UW/Mgmt exceptions up to 50% with minimum 3 documented compensating factors)
Servicing	Retained