Diamond Bank Mortgage Rates, Fees & Info

Murfreesboro, AR

LEI: 254900YY36UO9MBPH808

Tax ID: 71-0141380

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Mortgage Data

Review & Overview

Diamond Bank is a smaller bank specializing in Home Purchase and Refi loans. Diamond Bank has a high proportion of conventional loans. Their top markets by origination volume include: Hot Springs, Russellville, Texarkana, Crestview, and Hope among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

Diamond Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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Originations

166

Origination Dollar Volume (All Markets)

$24,220,000

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
Outside of Metro Areas 81 $7,555,000 $93,272 $0 0.00%
HOT SPRINGS, AR (FHA|USDA|VA) 20 $5,120,000 $256,000 $0 0.00%
Russellville, AR (FHA|USDA|VA) 26 $4,130,000 $158,846 $0 0.00%
TEXARKANA, TX-AR (FHA|USDA|VA) 15 $3,665,000 $244,333 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $1,425,000 $1,425,000 $0 0.00%
Hope, AR (FHA|USDA|VA) 14 $980,000 $70,000 $0 0.00%
Arkadelphia, AR (FHA|USDA|VA) 5 $405,000 $81,000 $0 0.00%
Malvern, AR (FHA|USDA|VA) 1 $345,000 $345,000 $0 0.00%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
JONESBORO, AR (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
Diamond Bank's top markets include Hot Springs, Russellville, Texarkana, Crestview, and Hope among others.

Their top states include:
  • Arkansas (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 166 $24,220,000 $145,904 $0 0.00%

    For 2023, Diamond Bank's most frequently originated type of loan was Conventional, with 166 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 87 $17,445,000 $200,517 $0 0.00%
    Refi 37 $4,915,000 $132,838 $0 0.00%
    Home Improvement 29 $1,515,000 $52,241 $0 0.00%
    Other 13 $345,000 $26,538 $0 0.00%

    For 2023, Diamond Bank's most frequently cited loan purpose was Home Purchase, with 87 originations. The 2nd most popular reason was Refi, with 37 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 166 $24,220,000 $145,904 $0 0.00%

    For 2023, Diamond Bank's most frequently cited loan duration was Other, with 166 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 103 $5,045,000 $48,981 $0 0.00%
    $100k-200k 32 $4,620,000 $144,375 $0 0.00%
    $200k-400k 19 $5,245,000 $276,053 $0 0.00%
    $400k-600k 6 $2,840,000 $473,333 $0 0.00%
    $1MM+ 3 $4,405,000 $1,468,333 $0 0.00%
    $600k-1MM 3 $2,065,000 $688,333 $0 0.00%

    2023 saw Diamond Bank place emphasis on $100,000 or less loans with 103 originations, totaling $5,045,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 44 $2,630,000 $59,773 $0 0.00%
    $100k-150k 31 $3,695,000 $119,194 $0 0.00%
    $50k-75k 23 $2,825,000 $122,826 $0 0.00%
    $75k-100k 21 $1,795,000 $85,476 $0 0.00%
    $150k-250k 13 $2,305,000 $177,308 $0 0.00%
    $250k+ 9 $3,105,000 $345,000 $0 0.00%

    Diamond Bank lent most frequently to those with incomes in the $50k or less range, with 44 originations. The second most popular income band? $100k-150k, with 31 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 166 $24,220,000 $145,904 $0 0.00%

    Diamond Bank lent most frequently to those with DTI ratios of Exempt%, with 166 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 135 $17,025,000 $126,111 $0 0.00%
    Not applicable 23 $6,335,000 $275,435 $0 0.00%
    Black 7 $735,000 $105,000 $0 0.00%
    Asian 1 $125,000 $125,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.15%

    Diamond Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    77.11%

    Diamond Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 166 $24,220,000 $145,904

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    166 $24,220,000 $145,904