Diamond Bank Mortgage Rates, Fees & Info
Murfreesboro, ARLEI: 254900YY36UO9MBPH808
Tax ID: 71-0141380
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
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, Jonesboro, Texarkana, Russellville, 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 average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
242Origination Dollar Volume (All Markets)
$43,360,000Top 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 | 117 | $15,115,000 | $129,188 | $0 | 0.00% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 41 | $7,965,000 | $194,268 | $0 | 0.00% |
| JONESBORO, AR (FHA|USDA|VA) | 1 | $6,805,000 | $6,805,000 | $0 | 0.00% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 24 | $5,360,000 | $223,333 | $0 | 0.00% |
| Russellville, AR (FHA|USDA|VA) | 22 | $3,330,000 | $151,364 | $0 | 0.00% |
| Hope, AR (FHA|USDA|VA) | 22 | $2,890,000 | $131,364 | $0 | 0.00% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $0 | 0.00% |
| Arkadelphia, AR (FHA|USDA|VA) | 5 | $595,000 | $119,000 | $0 | 0.00% |
| Malvern, AR (FHA|USDA|VA) | 5 | $345,000 | $69,000 | $0 | 0.00% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Minden, LA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 242 | $43,360,000 | $179,174 | $0 | 0.00% |
For 2022, Diamond Bank's most frequently originated type of loan was Conventional, with 242 originations.
Loan Reason
For 2022, Diamond Bank's most frequently cited loan purpose was Home Purchase, with 148 originations. The 2nd most popular reason was Refi, with 68 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 242 | $43,360,000 | $179,174 | $0 | 0.00% |
For 2022, Diamond Bank's most frequently cited loan duration was Other, with 242 originations.
Loan Sizing
2022 saw Diamond Bank place emphasis on $100,000 or less loans with 126 originations, totaling $6,530,000 in origination value.
Applicant Income
Diamond Bank lent most frequently to those with incomes in the $50k-75k range, with 67 originations. The second most popular income band? $50k or less, with 48 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 242 | $43,360,000 | $179,174 | $0 | 0.00% |
Diamond Bank lent most frequently to those with DTI ratios of Exempt%, with 242 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.24%
Diamond Bank has an average approval rate.
Pick Rate
Approvals leading to origination72.31%
Diamond Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 242 | $43,360,000 | $179,174 |