Diamond Residential Mortgage Corporation Rates, Fees & Info
LAKE FOREST, ILLEI: 549300WS8BW0I0BDA390
Tax ID: 27-0222046
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.96% | 11/11/24 |
| 30 Year Conventional Refi | 6.72% | 11/11/24 |
| 30 Year Cash-out Refi | 6.96% | 11/11/24 |
| 30 Year FHA Purchase | 7.75% | 11/11/24 |
| 30 Year FHA Refi | 7.73% | 11/11/24 |
| 30 Year VA Purchase | 6.77% | 11/11/24 |
| 30 Year VA Refi | 6.27% | 11/11/24 |
| 30 Year USDA Purchase | 7.13% | 11/11/24 |
| 30 Year USDA Refi | 6.27% | 11/11/24 |
| 15 Year Conventional Purchase | 6.52% | 11/11/24 |
| 15 Year Conventional Refi | 6.29% | 11/11/24 |
| 15 Year Cash-out Refi | 6.29% | 11/11/24 |
| 15 Year FHA Purchase | 7.94% | 11/11/24 |
| 15 Year FHA Refi | 5.68% | 11/11/24 |
| 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
1,495Origination Dollar Volume (All Markets)
$353,055,000Awards
DIAMOND RESIDENTIAL MORTGAGE CORPORATION - 2023
DIAMOND RESIDENTIAL MORTGAGE CORPORATION is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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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% |
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Product Mix
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
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
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
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
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
2023 saw Diamond Residential Mortgage Corporation place emphasis on $200k-400k loans with 597 originations, totaling $163,255,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications95.91%
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 origination66.69%
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 |