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 markets by origination volume include: Evansville, Cape Coral, and Owensboro among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Diamond Valley has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.
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Originations
84Origination Dollar Volume (All Markets)
$8,560,000Top 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) | 81 | $8,285,000 | $102,284 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $75,000 | $75,000 | $0 | 0.00% |
| OWENSBORO, KY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 82 | $8,290,000 | $101,098 | $0 | 0.00% |
| VA | 2 | $270,000 | $135,000 | $0 | 0.00% |
For 2019, Diamond Valley's most frequently originated type of loan was Conventional, with 82 originations. Their 2nd most popular type was VA, with 2 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 34 | $3,990,000 | $117,353 | $0 | 0.00% |
| Cash Out Refi | 32 | $2,940,000 | $91,875 | $0 | 0.00% |
| Refi | 18 | $1,630,000 | $90,556 | $0 | 0.00% |
For 2019, Diamond Valley's most frequently cited loan purpose was Home Purchase, with 34 originations. The 2nd most popular reason was Cash Out Refi, with 32 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 84 | $8,560,000 | $101,905 | $0 | 0.00% |
For 2019, Diamond Valley's most frequently cited loan duration was Other, with 84 originations.
Loan Sizing
2019 saw Diamond Valley place emphasis on $100,000 or less loans with 42 originations, totaling $2,430,000 in origination value.
Applicant Income
Diamond Valley lent most frequently to those with incomes in the $50k or less range, with 29 originations. The second most popular income band? $50k-75k, with 23 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 84 | $8,560,000 | $101,905 | $0 | 0.00% |
Diamond Valley lent most frequently to those with DTI ratios of Exempt%, with 84 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 83 | $8,475,000 | $102,108 | $0 | 0.00% |
| Not applicable | 1 | $85,000 | $85,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications84.55%
Diamond Valley has a below average approval rate.
Pick Rate
Approvals leading to origination91.67%
Diamond Valley has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 84 | $8,560,000 | $101,905 |