Diamond Residential Mortgage Corporation Rates, Fees & Info

LAKE FOREST, IL

LEI: 549300WS8BW0I0BDA390

Tax ID: 27-0222046

4.6 stars - out of 5 stars, based on 63 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Diamond Residential Mortgage Corporation is a smaller mortgage company specializing in Home Purchase and Refi 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, Portland, Fort Wayne, Los Angeles, and Atlanta among others. We have data for 143 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 about average 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 7.13% 12/4/22
    30 Year Conventional Refi 6.92% 12/4/22
    30 Year Cash-out Refi 7.15% 12/4/22
    30 Year FHA Purchase 8.08% 12/4/22
    30 Year FHA Refi 7.73% 12/4/22
    30 Year VA Purchase 7.07% 12/4/22
    30 Year VA Refi 6.59% 12/4/22
    30 Year USDA Purchase 7.46% 12/4/22
    30 Year USDA Refi 7.11% 12/4/22
    15 Year Conventional Purchase 6.36% 12/4/22
    15 Year Conventional Refi 6.12% 12/4/22
    15 Year Cash-out Refi 6.12% 12/4/22
    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.


    Originations

    3,980

    Origination Dollar Volume (All Markets)

    $942,030,000
    Show all (7) awards

    Relative Rate

    Diamond Residential Mortgage Corporation's average 30 year fixed mortgage rate was 3.26%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of 0.11%.

    Relative Fees (Closing Costs)

    Diamond Residential Mortgage Corporation's average total fees/closing costs for a 30 year fixed rate mortgage were $4,857.

    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 $4,750.

    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) 1,906 $449,830,000 $236,007 $4,553 3.22%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 130 $47,870,000 $368,231 $5,786 3.17%
    FORT WAYNE, IN (FHA|USDA|VA) 215 $40,055,000 $186,302 $3,479 3.20%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 87 $36,855,000 $423,621 $8,606 3.20%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 159 $36,055,000 $226,761 $7,039 3.16%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 99 $34,915,000 $352,677 $7,648 3.30%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 110 $26,490,000 $240,818 $3,491 3.17%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 57 $23,175,000 $406,579 $3,867 3.01%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 116 $22,930,000 $197,672 $3,996 3.21%
    SPRINGFIELD, IL (FHA|USDA|VA) 154 $22,420,000 $145,584 $4,227 3.23%
    RACINE, WI (FHA|USDA|VA) 98 $19,840,000 $202,449 $3,750 3.18%
    Whitewater, WI (FHA|USDA|VA) 87 $18,625,000 $214,080 $3,360 3.11%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 85 $15,145,000 $178,176 $4,182 3.30%
    Outside of Metro Areas 78 $13,940,000 $178,718 $4,394 3.34%
    LONGVIEW, WA (FHA|USDA|VA) 42 $11,610,000 $276,429 $4,516 3.24%
    Auburn, IN (FHA|USDA|VA) 38 $6,390,000 $168,158 $3,045 3.07%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 24 $5,600,000 $233,333 $4,172 3.08%
    Quincy, IL-MO (FHA|USDA|VA) 35 $4,805,000 $137,286 $3,791 3.16%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 20 $4,490,000 $224,500 $5,033 3.24%
    Taylorville, IL (FHA|USDA|VA) 40 $4,480,000 $112,000 $4,136 3.27%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 19 $4,365,000 $229,737 $3,046 3.14%
    RENO, NV (FHA|USDA|VA) 10 $4,220,000 $422,000 $5,551 2.96%
    Lincoln, IL (FHA|USDA|VA) 34 $3,800,000 $111,765 $3,694 3.18%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 14 $3,670,000 $262,143 $5,186 3.16%
    Warsaw, IN (FHA|USDA|VA) 10 $3,280,000 $328,000 $3,412 3.20%
    Key West, FL (FHA|USDA|VA) 3 $3,275,000 $1,091,667 $8,168 2.92%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 7 $2,875,000 $410,714 $5,060 2.96%
    Angola, IN (FHA|USDA|VA) 8 $2,200,000 $275,000 $3,766 3.22%
    JACKSONVILLE, FL (FHA|USDA|VA) 7 $1,905,000 $272,143 $6,160 3.21%
    Decatur, IN (FHA|USDA|VA) 12 $1,890,000 $157,500 $3,473 3.10%
    Centralia, WA (FHA|USDA|VA) 7 $1,875,000 $267,857 $7,008 3.79%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 4 $1,780,000 $445,000 $5,588 3.38%
    Jacksonville, IL (FHA|USDA|VA) 17 $1,745,000 $102,647 $4,622 3.32%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 5 $1,735,000 $347,000 $4,680 3.13%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 11 $1,705,000 $155,000 $3,550 3.07%
    Kendallville, IN (FHA|USDA|VA) 10 $1,680,000 $168,000 $2,785 3.14%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 8 $1,630,000 $203,750 $5,645 3.34%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 5 $1,615,000 $323,000 $5,755 3.45%
    DECATUR, IL (FHA|USDA|VA) 14 $1,580,000 $112,857 $4,279 3.35%
    GREELEY, CO (FHA|USDA|VA) 4 $1,560,000 $390,000 $2,786 2.75%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $1,465,000 $1,465,000 $7,171 3.50%
    PEORIA, IL (FHA|USDA|VA) 9 $1,405,000 $156,111 $3,880 3.43%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 3 $1,365,000 $455,000 $3,102 3.08%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 4 $1,270,000 $317,500 $6,314 2.94%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 5 $1,245,000 $249,000 $6,322 3.20%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $1,230,000 $307,500 $4,697 3.19%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 3 $1,195,000 $398,333 $6,393 3.21%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 3 $1,145,000 $381,667 $3,431 3.08%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 6 $1,140,000 $190,000 $2,767 3.06%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 3 $1,115,000 $371,667 $5,930 3.50%
    Huntington, IN (FHA|USDA|VA) 7 $1,065,000 $152,143 $4,901 3.46%
    FORT COLLINS, CO (FHA|USDA|VA) 2 $1,060,000 $530,000 $4,816 2.88%
    ANN ARBOR, MI (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $4,698 2.88%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 2 $990,000 $495,000 $7,553 3.38%
    FLINT, MI (FHA|USDA|VA) 4 $950,000 $237,500 $3,146 3.03%
    NILES, MI (FHA|USDA|VA) 4 $920,000 $230,000 $6,383 3.06%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $840,000 $420,000 $6,350 3.19%
    ROCKFORD, IL (FHA|USDA|VA) 4 $840,000 $210,000 $5,209 3.13%
    OCALA, FL (FHA|USDA|VA) 5 $835,000 $167,000 $4,347 3.35%
    BOULDER, CO (FHA|USDA|VA) 2 $820,000 $410,000 $3,640 2.81%
    Aberdeen, WA (FHA|USDA|VA) 3 $775,000 $258,333 $7,279 2.83%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 3 $725,000 $241,667 $4,529 3.08%
    Beaver Dam, WI (FHA|USDA|VA) 3 $695,000 $231,667 $5,026 2.83%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 2 $670,000 $335,000 $4,202 3.63%
    BEND, OR (FHA|USDA|VA) 1 $655,000 $655,000 $8,250 2.88%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 2 $650,000 $325,000 $4,357 3.12%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 4 $650,000 $162,500 $7,027 2.91%
    Plymouth, IN (FHA|USDA|VA) 2 $650,000 $325,000 $2,903 3.50%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $630,000 $315,000 $6,443 2.94%
    LaGrange, GA-AL (FHA|USDA|VA) 3 $625,000 $208,333 $8,704 2.92%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $610,000 $305,000 $3,100 2.94%
    Wabash, IN (FHA|USDA|VA) 2 $560,000 $280,000 $2,172 3.06%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 3 $555,000 $185,000 $5,679 3.25%
    Astoria, OR (FHA|USDA|VA) 1 $545,000 $545,000 $5,151 3.38%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $525,000 $525,000 $14,154 2.88%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $515,000 $515,000 $9,715 3.00%
    Fort Morgan, CO (FHA|USDA|VA) 1 $485,000 $485,000 $9,250 3.00%
    Sevierville, TN (FHA|USDA|VA) 1 $455,000 $455,000 $3,450 3.25%
    COLUMBUS, GA-AL (FHA|USDA|VA) 2 $440,000 $220,000 $12,424 3.38%
    Marion, IN (FHA|USDA|VA) 1 $435,000 $435,000 $4,618 3.38%
    FOND DU LAC, WI (FHA|USDA|VA) 1 $425,000 $425,000 $3,733 3.38%
    Port Angeles, WA (FHA|USDA|VA) 1 $425,000 $425,000 $3,526 3.00%
    Bluffton, IN (FHA|USDA|VA) 4 $420,000 $105,000 $3,107 3.13%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 2 $380,000 $190,000 $2,368 3.16%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 2 $370,000 $185,000 $3,873 2.50%
    SAVANNAH, GA (FHA|USDA|VA) 1 $365,000 $365,000 $13,869 3.63%
    Ottawa, IL (FHA|USDA|VA) 3 $355,000 $118,333 $3,533 3.00%
    Fallon, NV (FHA|USDA|VA) 1 $335,000 $335,000 $4,707 2.50%
    Van Wert, OH (FHA|USDA|VA) 2 $330,000 $165,000 $2,949 2.94%
    VISALIA, CA (FHA|USDA|VA) 1 $325,000 $325,000 $8,590 3.00%
    WARNER ROBINS, GA (FHA|USDA|VA) 2 $320,000 $160,000 $8,802 2.56%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 2 $300,000 $150,000 $5,492 3.06%
    LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 1 $295,000 $295,000 $5,926 2.87%
    Hannibal, MO (FHA|USDA|VA) 1 $285,000 $285,000 $7,379 3.63%
    Thomaston, GA (FHA|USDA|VA) 1 $275,000 $275,000 $14,607 2.63%
    COLUMBUS, OH (FHA|USDA|VA) 1 $275,000 $275,000 $3,516 3.38%
    SALEM, OR (FHA|USDA|VA) 1 $275,000 $275,000 $14,288 3.50%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $265,000 $265,000 $7,412 2.75%
    MANSFIELD, OH (FHA|USDA|VA) 1 $265,000 $265,000 $6,562 2.75%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $265,000 $265,000 $5,864 3.50%
    BELLINGHAM, WA (FHA|USDA|VA) 1 $265,000 $265,000 $2,828 3.38%
    ST. CLOUD, MN (FHA|USDA|VA) 1 $255,000 $255,000 $2,485 3.25%
    BLOOMINGTON, IL (FHA|USDA|VA) 2 $250,000 $125,000 $4,439 3.44%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $245,000 $245,000 $2,067 2.75%
    MODESTO, CA (FHA|USDA|VA) 1 $245,000 $245,000 $8,854 3.00%
    Fernley, NV (FHA|USDA|VA) 1 $245,000 $245,000 $4,469 3.00%
    AKRON, OH (FHA|USDA|VA) 1 $235,000 $235,000 $4,167 3.50%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $230,000 $115,000 $3,592 3.38%
    BAKERSFIELD, CA (FHA|USDA|VA) 2 $230,000 $115,000 $4,601 3.00%
    SPRINGFIELD, MO (FHA|USDA|VA) 1 $225,000 $225,000 $3,107 2.50%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $225,000 $225,000 $5,976 3.25%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $225,000 $225,000 $6,539 2.75%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $225,000 $225,000 $2,275 3.25%
    Clewiston, FL (FHA|USDA|VA) 1 $215,000 $215,000 $8,375 3.63%
    BOWLING GREEN, KY (FHA|USDA|VA) 1 $215,000 $215,000 $3,224 3.63%
    Stevens Point, WI (FHA|USDA|VA) 1 $215,000 $215,000 $3,124 3.25%
    MORRISTOWN, TN (FHA|USDA|VA) 1 $205,000 $205,000 $4,835 3.50%
    Pahrump, NV (FHA|USDA|VA) 1 $205,000 $205,000 $3,426 3.38%
    JACKSON, TN (FHA|USDA|VA) 1 $205,000 $205,000 $3,475 2.88%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $205,000 $205,000 $3,332 3.13%
    KANKAKEE, IL (FHA|USDA|VA) 2 $200,000 $100,000 $4,263 3.06%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $195,000 $195,000 $6,316 3.13%
    Frankfort, IN (FHA|USDA|VA) 1 $195,000 $195,000 $2,476 3.00%
    Waycross, GA (FHA|USDA|VA) 1 $185,000 $185,000 $9,018 3.13%
    Mexico, MO (FHA|USDA|VA) 1 $175,000 $175,000 $5,693 3.25%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $165,000 $165,000 $8,801 2.38%
    Milledgeville, GA (FHA|USDA|VA) 1 $165,000 $165,000 $2,222 2.63%
    ELKHART-GOSHEN, IN (FHA|USDA|VA) 1 $165,000 $165,000 $5,200 2.88%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $165,000 $165,000 $6,117 3.50%
    Connersville, IN (FHA|USDA|VA) 1 $155,000 $155,000 $3,821 3.50%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $155,000 $155,000 $2,762 2.75%
    Pontiac, IL (FHA|USDA|VA) 1 $155,000 $155,000 $1,897 2.38%
    BLOOMINGTON, IN (FHA|USDA|VA) 1 $145,000 $145,000 $2,030 3.13%
    HINESVILLE, GA (FHA|USDA|VA) 1 $135,000 $135,000 $3,269 3.13%
    KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $125,000 $125,000 $4,934 3.13%
    ALBANY, GA (FHA|USDA|VA) 1 $115,000 $115,000 $4,593 2.63%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $115,000 $115,000 $2,765 3.25%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $115,000 $115,000 $4,216 3.25%
    MUNCIE, IN (FHA|USDA|VA) 1 $105,000 $105,000 $2,189 2.75%
    MUSKEGON, MI (FHA|USDA|VA) 1 $95,000 $95,000 $2,553 2.88%
    Macomb, IL (FHA|USDA|VA) 1 $95,000 $95,000 $3,241 3.25%
    Freeport, IL (FHA|USDA|VA) 1 $75,000 $75,000 $4,067 3.13%
    Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 1 $65,000 $65,000 $3,674 2.75%
    Diamond Residential Mortgage Corporation's top markets include Chicago, Portland, Fort Wayne, Los Angeles, and Atlanta among others.

    Their top states include:
  • Indiana (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Washington (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.

    People's Community Federal Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,889 $722,805,000 $250,192 $3,742 3.17%
    FHA 816 $159,130,000 $195,012 $7,516 3.36%
    VA 161 $43,355,000 $269,286 $6,845 3.16%
    USDA 114 $16,740,000 $146,842 $4,512 3.22%

    For 2021, Diamond Residential Mortgage Corporation's most frequently originated type of loan was Conventional, with 2,889 originations. Their 2nd most popular type was FHA, with 816 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,446 $567,980,000 $232,208 $5,306 3.27%
    Refi 923 $218,435,000 $236,658 $3,204 2.97%
    Cash Out Refi 611 $155,615,000 $254,689 $4,296 3.30%

    For 2021, Diamond Residential Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 2,446 originations. The 2nd most popular reason was Refi, with 923 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 3,571 $859,585,000 $240,713 $4,857 3.26%
    15 Year 286 $58,010,000 $202,832 $2,892 2.63%
    20 Year 69 $14,295,000 $207,174 $3,418 3.01%
    Other 34 $7,710,000 $226,765 $2,895 3.08%
    10 Year 20 $2,430,000 $121,500 $2,723 2.50%

    For 2021, Diamond Residential Mortgage Corporation's most frequently cited loan duration was 30 Year, with 3,571 originations. The 2nd most popular length was 15 Year, with 286 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 2,556 $585,680,000 $229,139
    $<1k 504 $100,230,000 $198,869
    $2k-3k 375 $89,385,000 $238,360
    $3k-4k 254 $64,860,000 $255,354
    $5k+ 164 $65,010,000 $396,402
    $4k-5k 127 $36,865,000 $290,276

    Diamond Residential Mortgage Corporation's average total fees were $4,857, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,556 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 2,483 $587,745,000 $236,708
    2.5-3% 1,167 $282,685,000 $242,232
    <2.5% 205 $44,605,000 $217,585
    4-5% 125 $26,995,000 $215,960

    During 2021, Diamond Residential Mortgage Corporation's average interest rate for loans was 3.26%, while their most frequently originated rate bucket for loans was 3-4%, with 2,483 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 1,642 $248,520,000 $151,352 $4,083 3.20%
    $200k-400k 1,605 $443,175,000 $276,121 $5,184 3.24%
    $100,000 or less 328 $25,960,000 $79,146 $3,228 3.21%
    $400k-600k 315 $150,635,000 $478,206 $5,794 3.15%
    $600k-1MM 75 $55,025,000 $733,667 $7,606 3.07%
    $1MM+ 15 $18,715,000 $1,247,667 $5,472 3.09%

    2021 saw Diamond Residential Mortgage Corporation place emphasis on $100k-200k loans with 1,642 originations, totaling $248,520,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 1,105 $221,185,000 $200,167 $4,822 3.24%
    $50k or less 851 $118,515,000 $139,266 $4,247 3.17%
    $100k-150k 735 $209,865,000 $285,531 $4,809 3.24%
    $75k-100k 728 $177,240,000 $243,462 $5,013 3.23%
    $150k-250k 389 $135,395,000 $348,059 $4,448 3.15%
    $250k+ 131 $69,505,000 $530,573 $4,257 3.12%

    Diamond Residential Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 1,105 originations. The second most popular income band? $50k or less, with 851 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 816 $181,610,000 $222,561 $3,751 3.12%
    30-36% 747 $173,755,000 $232,604 $4,360 3.23%
    <20% 228 $52,220,000 $229,035 $3,229 3.04%
    50-60% 203 $45,095,000 $222,143 $7,818 3.27%
    44% 192 $45,790,000 $238,490 $4,709 3.28%
    41% 172 $44,320,000 $257,674 $4,848 3.26%
    43% 167 $42,845,000 $256,557 $5,228 3.25%
    42% 163 $42,165,000 $258,681 $5,382 3.30%
    39% 154 $36,150,000 $234,740 $4,411 3.20%
    40% 148 $39,570,000 $267,365 $4,936 3.24%
    38% 141 $33,355,000 $236,560 $4,876 3.29%
    37% 135 $31,515,000 $233,444 $4,492 3.29%
    45% 130 $31,490,000 $242,231 $5,076 3.22%
    36% 129 $29,975,000 $232,364 $4,317 3.25%
    49% 126 $34,270,000 $271,984 $6,113 3.16%
    46% 108 $26,090,000 $241,574 $5,647 3.30%
    48% 105 $23,025,000 $219,286 $5,146 3.20%
    47% 93 $23,735,000 $255,215 $5,397 3.24%
    >60% 3 $715,000 $238,333 $7,540 3.38%

    Diamond Residential Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 816 originations. The next most common DTI ratio? 30-36%, with 747 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,199 $773,935,000 $241,930 $4,401 3.20%
    Black 440 $91,660,000 $208,318 $6,334 3.24%
    Not provided 218 $43,620,000 $200,092 $4,962 3.30%
    Asian 82 $22,540,000 $274,878 $5,010 3.18%
    American Indian 20 $4,560,000 $228,000 $5,137 3.10%
    Native Hawaiian or Islander 10 $2,510,000 $251,000 $4,772 2.94%
    Chinese 1 $865,000 $865,000 $5,273 3.13%
    Other Asian 3 $855,000 $285,000 $5,983 3.17%
    Filipino 2 $630,000 $315,000 $7,532 3.06%
    Asian Indian 4 $590,000 $147,500 $2,865 2.88%
    Vietnamese 1 $265,000 $265,000 $2,205 2.63%

    Approval Rates

    Total approvals of all applications
    96.93%

    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
    76.23%

    Diamond Residential Mortgage Corporation has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,980 $942,030,000 $236,691

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,980 $942,030,000 $236,691

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 86 $13,360,000 $155,349 $3,235 2.89%
    40-60% 341 $75,315,000 $220,865 $3,477 2.97%
    60-80% 1,266 $326,380,000 $257,804 $3,799 3.21%
    80-100% 2,247 $516,405,000 $229,820 $5,284 3.25%
    Over 100% 36 $9,790,000 $271,944 $11,212 3.23%
    Under 20% 4 $780,000 $195,000 $2,764 2.69%