Diamond Residential Mortgage Corporation Rates, Fees & Info

LAKE FOREST, IL

LEI: 549300WS8BW0I0BDA390

Tax ID: 27-0222046

5 stars - Updated: 6/23/24 - out of 5 stars, based on 39 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Diamond Residential Mortgage Corporation is a smaller mortgage company specializing in Home Purchase loans. Diamond Residential Mortgage Corporation has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Chicago, Atlanta, Fort Wayne, Milwaukee, and Portland among others. We have data for 116 markets. (Some data included below & more in-depth data is available with an active subscription.)

Diamond Residential Mortgage Corporation 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. Diamond Residential Mortgage Corporation is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

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.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.96% 6/23/24
30 Year Conventional Refi 6.72% 6/23/24
30 Year Cash-out Refi 6.96% 6/23/24
30 Year FHA Purchase 7.75% 6/23/24
30 Year FHA Refi 7.73% 6/23/24
30 Year VA Purchase 6.77% 6/23/24
30 Year VA Refi 6.27% 6/23/24
30 Year USDA Purchase 7.13% 6/23/24
30 Year USDA Refi 6.27% 6/23/24
15 Year Conventional Purchase 6.52% 6/23/24
15 Year Conventional Refi 6.29% 6/23/24
15 Year Cash-out Refi 6.29% 6/23/24
15 Year FHA Purchase 7.94% 6/23/24
15 Year FHA Refi 5.68% 6/23/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Diamond Residential Mortgage Corporation Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Diamond Residential Mortgage Corporation. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

1,495

Origination Dollar Volume (All Markets)

$353,055,000

Awards

DIAMOND RESIDENTIAL MORTGAGE CORPORATION FHA Loans gold DIAMOND RESIDENTIAL MORTGAGE CORPORATION FHA Loans bronze DIAMOND RESIDENTIAL MORTGAGE CORPORATION FHA Loans gold
Show all (3) awards

Relative Rate

Diamond Residential Mortgage Corporation's average 30 year fixed mortgage rate was 6.78%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.3%.

Relative Fees (Closing Costs)

Diamond Residential Mortgage Corporation's average total fees/closing costs for a 30 year fixed rate mortgage were $7,391.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 623 $148,765,000 $238,788 $7,011 6.43%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 86 $19,150,000 $222,674 $10,092 5.55%
FORT WAYNE, IN (FHA|USDA|VA) 97 $18,675,000 $192,526 $4,757 6.50%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 59 $11,195,000 $189,746 $4,642 6.89%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 29 $10,645,000 $367,069 $7,850 6.51%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 50 $9,800,000 $196,000 $5,682 6.71%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 34 $8,090,000 $237,941 $5,731 6.87%
RACINE, WI (FHA|USDA|VA) 42 $8,080,000 $192,381 $5,062 7.28%
SPRINGFIELD, IL (FHA|USDA|VA) 38 $6,080,000 $160,000 $5,697 5.95%
Outside of Metro Areas 42 $5,840,000 $139,048 $5,337 6.38%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 7 $5,595,000 $799,286 $11,971 6.66%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 4 $5,560,000 $1,390,000 $15,954 6.66%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 10 $5,420,000 $542,000 $8,760 6.92%
Whitewater, WI (FHA|USDA|VA) 26 $5,270,000 $202,692 $6,338 6.87%
ABILENE, TX (FHA|USDA|VA) 20 $3,490,000 $174,500 $7,523 6.99%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 6 $3,480,000 $580,000 $15,810 6.52%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 11 $3,195,000 $290,455 $8,399 7.16%
LONGVIEW, WA (FHA|USDA|VA) 11 $3,185,000 $289,545 $6,105 5.74%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 16 $3,130,000 $195,625 $6,030 6.56%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 8 $2,840,000 $355,000 $10,105 6.95%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 7 $2,595,000 $370,714 $11,788 5.59%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 5 $2,575,000 $515,000 $10,971 5.40%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 9 $2,325,000 $258,333 $8,060 6.26%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $2,280,000 $570,000 $12,734 6.34%
RENO, NV (FHA|USDA|VA) 3 $2,205,000 $735,000 $9,007 6.54%
Taylorville, IL (FHA|USDA|VA) 23 $1,975,000 $85,870 $4,165 5.72%
JACKSONVILLE, FL (FHA|USDA|VA) 4 $1,960,000 $490,000 $10,137 7.19%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 5 $1,825,000 $365,000 $12,556 6.52%
Waycross, GA (FHA|USDA|VA) 13 $1,725,000 $132,692 $6,030 5.00%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 3 $1,645,000 $548,333 $16,047 6.63%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $1,645,000 $1,645,000 $15,512 6.88%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 2 $1,620,000 $810,000 $18,426 6.50%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 6 $1,580,000 $263,333 $9,231 7.33%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 3 $1,505,000 $501,667 $15,362 6.79%
Auburn, IN (FHA|USDA|VA) 9 $1,485,000 $165,000 $5,236 6.19%
Quincy, IL-MO (FHA|USDA|VA) 11 $1,365,000 $124,091 $5,087 7.14%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $1,305,000 $1,305,000 $24,824 6.88%
Kendallville, IN (FHA|USDA|VA) 9 $1,275,000 $141,667 $4,082 4.54%
OCALA, FL (FHA|USDA|VA) 4 $1,240,000 $310,000 $7,650 7.25%
Huntington, IN (FHA|USDA|VA) 5 $1,095,000 $219,000 $8,209 5.75%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 5 $1,045,000 $209,000 $8,694 6.30%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $1,030,000 $515,000 $9,943 7.25%
ELKHART-GOSHEN, IN (FHA|USDA|VA) 6 $940,000 $156,667 $7,243 5.87%
Ottawa, IL (FHA|USDA|VA) 11 $935,000 $85,000 $5,305 4.78%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 2 $920,000 $460,000 $8,053 7.44%
Bluffton, IN (FHA|USDA|VA) 5 $905,000 $181,000 $6,035 5.75%
Angola, IN (FHA|USDA|VA) 6 $900,000 $150,000 $4,413 5.75%
SALEM, OR (FHA|USDA|VA) 2 $860,000 $430,000 $12,775 7.19%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 4 $850,000 $212,500 $5,859 6.94%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $785,000 $785,000 $8,763 7.75%
Traverse City, MI (FHA|USDA|VA) 2 $710,000 $355,000 $7,430 7.06%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 2 $700,000 $350,000 $6,219 7.31%
MIDLAND, TX (FHA|USDA|VA) 1 $695,000 $695,000 $15,818 6.38%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $685,000 $685,000 $18,170 6.13%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $605,000 $605,000 $4,563 6.50%
Decatur, IN (FHA|USDA|VA) 4 $600,000 $150,000 $6,097 7.34%
Marion, IN (FHA|USDA|VA) 2 $570,000 $285,000 $8,142 6.75%
FLINT, MI (FHA|USDA|VA) 2 $570,000 $285,000 $5,666 7.50%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $525,000 $525,000 $10,787 6.95%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 3 $505,000 $168,333 $4,168 6.91%
WARNER ROBINS, GA (FHA|USDA|VA) 2 $500,000 $250,000 $13,574 6.63%
MUNCIE, IN (FHA|USDA|VA) 2 $470,000 $235,000 $5,932 6.88%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $460,000 $230,000 $8,421 6.50%
DECATUR, IL (FHA|USDA|VA) 3 $455,000 $151,667 $3,370 6.33%
NILES, MI (FHA|USDA|VA) 2 $450,000 $225,000 $5,172 6.38%
COLUMBUS, GA-AL (FHA|USDA|VA) 2 $430,000 $215,000 $7,283 6.75%
Centralia, WA (FHA|USDA|VA) 1 $425,000 $425,000 $12,337 6.13%
Warsaw, IN (FHA|USDA|VA) 1 $405,000 $405,000 $2,883 7.49%
AKRON, OH (FHA|USDA|VA) 1 $405,000 $405,000 $19,290 6.25%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $405,000 $405,000 $19,345 7.13%
MADISON, WI (FHA|USDA|VA) 1 $385,000 $385,000 $2,930 6.63%
Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 4 $380,000 $95,000 $3,706 7.31%
Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $365,000 $365,000 $8,758 6.13%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 3 $355,000 $118,333 $5,295 5.00%
Wabash, IN (FHA|USDA|VA) 2 $350,000 $175,000 $6,203 7.13%
SHEBOYGAN, WI (FHA|USDA|VA) 2 $350,000 $175,000 $3,238 7.75%
ANN ARBOR, MI (FHA|USDA|VA) 1 $325,000 $325,000 $4,242 7.49%
Connersville, IN (FHA|USDA|VA) 1 $325,000 $325,000 $16,810 7.50%
MERCED, CA (FHA|USDA|VA) 1 $325,000 $325,000 $14,473 6.99%
COLUMBUS, OH (FHA|USDA|VA) 1 $315,000 $315,000 $15,295 7.75%
Kerrville, TX (FHA|USDA|VA) 2 $310,000 $155,000 $6,184 3.56%
Crawfordsville, IN (FHA|USDA|VA) 1 $305,000 $305,000 $6,064 6.49%
Beaver Dam, WI (FHA|USDA|VA) 1 $285,000 $285,000 $6,323 6.88%
Lincoln, IL (FHA|USDA|VA) 2 $280,000 $140,000 $5,364 7.06%
DANVILLE, IL (FHA|USDA|VA) 2 $260,000 $130,000 $5,376 7.19%
GRAND JUNCTION, CO (FHA|USDA|VA) 2 $250,000 $125,000 $4,697 3.19%
ODESSA, TX (FHA|USDA|VA) 1 $245,000 $245,000 $11,906 7.63%
EAU CLAIRE, WI (FHA|USDA|VA) 1 $245,000 $245,000 $6,150 6.50%
Fredericksburg, TX (FHA|USDA|VA) 1 $245,000 $245,000 $11,315 5.50%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $245,000 $245,000 $11,554 6.75%
LaGrange, GA-AL (FHA|USDA|VA) 1 $245,000 $245,000 $12,518 7.00%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $235,000 $235,000 $12,427 7.13%
Pontiac, IL (FHA|USDA|VA) 3 $225,000 $75,000 $5,164 4.17%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 2 $220,000 $110,000 $5,864 3.19%
CANTON-MASSILLON, OH (FHA|USDA|VA) 3 $215,000 $71,667 $3,419 5.00%
LOUISVILLE, KY (FHA|USDA|VA) 2 $210,000 $105,000 $4,239 3.88%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 2 $210,000 $105,000 $5,661 3.19%
Stevens Point, WI (FHA|USDA|VA) 1 $205,000 $205,000 $5,213 6.75%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $205,000 $205,000 $2,670 6.13%
BLOOMINGTON, IN (FHA|USDA|VA) 1 $205,000 $205,000 $3,519 6.99%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $195,000 $195,000 $7,471 8.12%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $185,000 $185,000 $4,657 6.50%
Adrian, MI (FHA|USDA|VA) 1 $175,000 $175,000 $9,523 5.63%
BLOOMINGTON, IL (FHA|USDA|VA) 1 $175,000 $175,000 $2,678 6.63%
Bedford, IN (FHA|USDA|VA) 1 $175,000 $175,000 $2,370 5.99%
Galesburg, IL (FHA|USDA|VA) 3 $165,000 $55,000 $2,246 4.66%
KANKAKEE, IL (FHA|USDA|VA) 1 $165,000 $165,000 $3,726 6.88%
ROCKFORD, IL (FHA|USDA|VA) 2 $160,000 $80,000 $2,669 3.31%
Hillsdale, MI (FHA|USDA|VA) 1 $145,000 $145,000 $4,346 7.99%
North Vernon, IN (FHA|USDA|VA) 1 $145,000 $145,000 $3,030 7.00%
Chillicothe, OH (FHA|USDA|VA) 1 $125,000 $125,000 $7,099 6.88%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $105,000 $105,000 $4,730 5.75%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $105,000 $105,000 $6,923 5.75%
LIMA, OH (FHA|USDA|VA) 2 $90,000 $45,000 $3,138 3.88%
CARBONDALE-MARION, IL (FHA|USDA|VA) 2 $90,000 $45,000 $2,617 3.63%
Jacksonville, IL (FHA|USDA|VA) 1 $85,000 $85,000 $2,848 6.38%
Diamond Residential Mortgage Corporation's top markets include Chicago, Atlanta, Fort Wayne, Milwaukee, and Portland among others.

Their top states include:
  • Indiana (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against DIAMOND RESIDENTIAL MORTGAGE CORPORATION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    NORTHWESTERN MUTUAL
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 967 $230,285,000 $238,144 $4,943 6.12%
    FHA 454 $103,390,000 $227,731 $10,728 6.88%
    VA 53 $16,465,000 $310,660 $9,578 6.77%
    USDA 21 $2,915,000 $138,810 $5,770 7.14%

    For 2023, Diamond Residential Mortgage Corporation's most frequently originated type of loan was Conventional, with 967 originations. Their 2nd most popular type was FHA, with 454 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,360 $321,060,000 $236,074 $6,854 6.33%
    Cash Out Refi 70 $14,920,000 $213,143 $7,875 7.04%
    Refi 47 $12,855,000 $273,511 $7,000 6.94%
    Other 18 $4,220,000 $234,444 $4,780 7.09%

    For 2023, Diamond Residential Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 1,360 originations. The 2nd most popular reason was Cash Out Refi, with 70 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,386 $349,950,000 $252,489 $7,391 6.78%
    Other 37 $515,000 $13,919 $109 0.19%
    10 Year 33 $245,000 $7,424 $1 3.57%
    5 Year 26 $130,000 $5,000 $0 0.00%
    3 Year 7 $35,000 $5,000 $0 0.00%
    15 Year 5 $2,075,000 $415,000 $7,454 6.30%
    20 Year 1 $105,000 $105,000 $5,988 6.50%

    For 2023, Diamond Residential Mortgage Corporation's most frequently cited loan duration was 30 Year, with 1,386 originations. The 2nd most popular length was Other, with 37 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 432 $88,970,000 $205,949
    $5k+ 333 $118,315,000 $355,300
    $2k-3k 223 $53,225,000 $238,677
    $3k-4k 207 $47,685,000 $230,362
    $4k-5k 150 $39,300,000 $262,000
    $<1k 145 $4,835,000 $33,345

    Diamond Residential Mortgage Corporation's average total fees were $7,391, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 432 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 648 $172,530,000 $266,250
    7-8% 581 $152,065,000 $261,730
    <2.5% 119 $1,155,000 $9,706
    5-6% 109 $19,835,000 $181,972
    Over 8% 37 $7,395,000 $199,865
    4-5% 1 $75,000 $75,000

    During 2023, Diamond Residential Mortgage Corporation's average interest rate for loans was 6.78%, while their most frequently originated rate bucket for loans was 6-7%, with 648 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 597 $163,255,000 $273,459 $8,683 6.97%
    $100k-200k 503 $77,335,000 $153,748 $5,564 6.90%
    $100,000 or less 223 $7,935,000 $35,583 $1,578 3.23%
    $400k-600k 120 $56,440,000 $470,333 $11,275 7.01%
    $600k-1MM 39 $28,325,000 $726,282 $11,040 6.93%
    $1MM+ 13 $19,765,000 $1,520,385 $12,635 6.95%

    2023 saw Diamond Residential Mortgage Corporation place emphasis on $200k-400k loans with 597 originations, totaling $163,255,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 447 $72,625,000 $162,472 $5,751 6.00%
    $75k-100k 333 $71,175,000 $213,739 $6,926 6.38%
    $100k-150k 283 $78,875,000 $278,710 $8,622 6.80%
    $50k or less 214 $24,750,000 $115,654 $4,322 5.87%
    $150k-250k 154 $60,100,000 $390,260 $9,496 7.19%
    $250k+ 61 $45,085,000 $739,098 $9,149 7.08%

    Diamond Residential Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 447 originations. The second most popular income band? $75k-100k, with 333 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 224 $45,670,000 $203,884 $5,803 6.57%
    20-30% 169 $36,045,000 $213,284 $5,394 6.33%
    50-60% 138 $29,560,000 $214,203 $9,616 5.87%
    43% 88 $20,150,000 $228,977 $6,227 6.20%
    41% 80 $22,860,000 $285,750 $7,696 6.53%
    49% 77 $17,775,000 $230,844 $6,589 6.52%
    39% 77 $18,555,000 $240,974 $6,543 6.43%
    44% 77 $21,035,000 $273,182 $7,879 6.62%
    42% 72 $19,630,000 $272,639 $7,378 6.66%
    38% 62 $14,400,000 $232,258 $6,952 6.62%
    46% 62 $16,070,000 $259,194 $8,793 6.86%
    48% 59 $17,685,000 $299,746 $8,284 6.80%
    47% 57 $16,595,000 $291,140 $7,933 6.71%
    45% 56 $15,730,000 $280,893 $7,644 6.36%
    40% 53 $14,945,000 $281,981 $7,180 6.66%
    37% 39 $9,135,000 $234,231 $7,104 6.66%
    36% 36 $8,660,000 $240,556 $6,327 6.84%
    >60% 34 $530,000 $15,588 $32 1.95%
    <20% 31 $7,485,000 $241,452 $5,522 6.68%

    Diamond Residential Mortgage Corporation lent most frequently to those with DTI ratios of 30-36%, with 224 originations. The next most common DTI ratio? 20-30%, with 169 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,101 $260,455,000 $236,562 $6,479 6.53%
    Black 216 $48,390,000 $224,028 $8,987 5.72%
    Not provided 139 $31,765,000 $228,525 $6,590 6.21%
    Asian 29 $7,615,000 $262,586 $6,778 6.77%
    American Indian 5 $2,295,000 $459,000 $9,116 6.97%
    Asian Indian 2 $1,350,000 $675,000 $10,566 7.25%
    Chinese 1 $575,000 $575,000 $16,924 5.99%
    Other Asian 1 $365,000 $365,000 $3,449 7.63%
    Other Pacific Islander 1 $245,000 $245,000 $12,596 7.25%

    Approval Rates

    Total approvals of all applications
    95.91%

    Diamond Residential Mortgage Corporation has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    66.69%

    Diamond Residential Mortgage Corporation has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    3635.0 1 $105,000 $105,000
    5329.0 1 $125,000 $125,000
    5765.0 1 $175,000 $175,000
    6808.75 1 $185,000 $185,000
    7259.69 1 $135,000 $135,000
    NA 1,490 $352,330,000 $236,463

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,495 $353,055,000 $236,157

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 27 $4,245,000 $157,222 $4,151 6.65%
    40-60% 77 $16,745,000 $217,468 $5,192 6.72%
    60-80% 283 $79,165,000 $279,735 $6,404 7.06%
    80-100% 945 $244,165,000 $258,376 $8,056 6.94%
    Over 100% 26 $7,380,000 $283,846 $13,077 6.74%
    Under 20% 137 $1,355,000 $9,891 $54 0.93%