Diamond Valley Mortgage Rates, Fees & Info
Evansville, INLEI: 549300ACR0JR0FZ47P31
Tax ID: 35-1067773
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Mortgage Data
Review & Overview
Diamond Valley is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Diamond Valley has a high proportion of conventional loans. Their top (well, only) market is Evansville.Diamond Valley 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.
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Originations
65Origination Dollar Volume (All Markets)
$6,105,000Top 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 |
|---|---|---|---|---|---|
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 63 | $5,925,000 | $94,048 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $180,000 | $90,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 62 | $5,690,000 | $91,774 | $0 | 0.00% |
| VA | 3 | $415,000 | $138,333 | $0 | 0.00% |
For 2018, Diamond Valley's most frequently originated type of loan was Conventional, with 62 originations. Their 2nd most popular type was VA, with 3 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 34 | $3,950,000 | $116,176 | $0 | 0.00% |
| Cash Out Refi | 20 | $1,270,000 | $63,500 | $0 | 0.00% |
| Refi | 11 | $885,000 | $80,455 | $0 | 0.00% |
For 2018, Diamond Valley's most frequently cited loan purpose was Home Purchase, with 34 originations. The 2nd most popular reason was Cash Out Refi, with 20 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 65 | $6,105,000 | $93,923 | $0 | 0.00% |
For 2018, Diamond Valley's most frequently cited loan duration was Other, with 65 originations.
Loan Sizing
2018 saw Diamond Valley place emphasis on $100,000 or less loans with 38 originations, totaling $2,150,000 in origination value.
Applicant Income
Diamond Valley lent most frequently to those with incomes in the $50k or less range, with 26 originations. The second most popular income band? $50k-75k, with 19 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 65 | $6,105,000 | $93,923 | $0 | 0.00% |
Diamond Valley lent most frequently to those with DTI ratios of Exempt%, with 65 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 60 | $5,620,000 | $93,667 | $0 | 0.00% |
| Asian | 3 | $285,000 | $95,000 | $0 | 0.00% |
| Black | 2 | $200,000 | $100,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications82.52%
Diamond Valley has a below average approval rate.
Pick Rate
Approvals leading to origination76.92%
Diamond Valley has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 65 | $6,105,000 | $93,923 |