Diamond Bank Mortgage Rates, Fees & Info
Murfreesboro, ARLEI: 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
166Origination Dollar Volume (All Markets)
$24,220,000Top 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% |
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
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
2023 saw Diamond Bank place emphasis on $100,000 or less loans with 103 originations, totaling $5,045,000 in origination value.
Applicant Income
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
Approval Rates
Total approvals of all applications91.15%
Diamond Bank has an average approval rate.
Pick Rate
Approvals leading to origination77.11%
Diamond Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 166 | $24,220,000 | $145,904 |