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, Fort Wayne, Atlanta, Detroit, and Milwaukee among others. We have data for 100 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 a low 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.70% | 4/17/25 |
| 30 Year Conventional Refi | 7.14% | 4/17/25 |
| 30 Year Cash-out Refi | 7.28% | 4/17/25 |
| 30 Year FHA Purchase | 7.39% | 4/17/25 |
| 30 Year FHA Refi | 7.34% | 4/17/25 |
| 30 Year VA Purchase | 7.10% | 4/17/25 |
| 30 Year USDA Purchase | 7.51% | 4/17/25 |
| 15 Year Conventional Purchase | 6.50% | 4/17/25 |
| 15 Year Conventional Refi | 6.12% | 4/17/25 |
| 15 Year Cash-out Refi | 6.12% | 4/17/25 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,304Origination Dollar Volume (All Markets)
$302,780,000Awards
DIAMOND RESIDENTIAL MORTGAGE CORPORATION - 2024
DIAMOND RESIDENTIAL MORTGAGE CORPORATION is a 2024 , due to their low .
For 2024, 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
6.51%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of -0.04%.
Relative Fees (Closing Costs)
Diamond Residential Mortgage Corporation's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,739.
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 $8,356.
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) | 552 | $138,780,000 | $251,413 | $6,856 | 6.60% |
| FORT WAYNE, IN (FHA|USDA|VA) | 93 | $18,755,000 | $201,667 | $5,501 | 6.17% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 83 | $17,655,000 | $212,711 | $9,958 | 5.35% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 33 | $8,695,000 | $263,485 | $5,268 | 6.78% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 37 | $8,605,000 | $232,568 | $4,576 | 6.71% |
| Whitewater, WI (FHA|USDA|VA) | 39 | $8,545,000 | $219,103 | $4,509 | 6.74% |
| RACINE, WI (FHA|USDA|VA) | 33 | $8,245,000 | $249,848 | $5,156 | 7.11% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 24 | $7,700,000 | $320,833 | $5,019 | 5.05% |
| Outside of Metro Areas | 41 | $7,155,000 | $174,512 | $5,399 | 6.42% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 17 | $5,925,000 | $348,529 | $6,521 | 6.98% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 29 | $5,775,000 | $199,138 | $5,857 | 6.92% |
| ABILENE, TX (FHA|USDA|VA) | 23 | $4,685,000 | $203,696 | $8,444 | 7.10% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 29 | $4,675,000 | $161,207 | $5,616 | 5.27% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 32 | $3,670,000 | $114,688 | $4,307 | 5.49% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 4 | $2,910,000 | $727,500 | $11,132 | 6.81% |
| Quincy, IL-MO (FHA|USDA|VA) | 18 | $2,400,000 | $133,333 | $5,112 | 7.00% |
| Auburn, IN (FHA|USDA|VA) | 11 | $2,375,000 | $215,909 | $6,509 | 6.70% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 5 | $2,355,000 | $471,000 | $13,721 | 6.87% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $1,970,000 | $985,000 | $12,877 | 6.56% |
| Taylorville, IL (FHA|USDA|VA) | 22 | $1,960,000 | $89,091 | $4,242 | 6.23% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $1,855,000 | $1,855,000 | $42,247 | 6.38% |
| Kendallville, IN (FHA|USDA|VA) | 8 | $1,550,000 | $193,750 | $4,581 | 6.84% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 9 | $1,525,000 | $169,444 | $7,555 | 5.33% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 2 | $1,400,000 | $700,000 | $6,134 | 6.75% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 4 | $1,280,000 | $320,000 | $5,489 | 6.65% |
| Decatur, IN (FHA|USDA|VA) | 9 | $1,255,000 | $139,444 | $4,364 | 5.28% |
| FLINT, MI (FHA|USDA|VA) | 4 | $1,130,000 | $282,500 | $6,119 | 7.31% |
| NILES, MI (FHA|USDA|VA) | 4 | $1,050,000 | $262,500 | $5,878 | 7.19% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 4 | $1,020,000 | $255,000 | $5,937 | 7.19% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $960,000 | $480,000 | $8,075 | 7.18% |
| Huntington, IN (FHA|USDA|VA) | 6 | $950,000 | $158,333 | $6,059 | 5.44% |
| Warsaw, IN (FHA|USDA|VA) | 4 | $940,000 | $235,000 | $5,616 | 7.25% |
| Traverse City, MI (FHA|USDA|VA) | 2 | $940,000 | $470,000 | $3,877 | 6.63% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $12,982 | 7.18% |
| Fallon, NV (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $7,107 | 6.50% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 4 | $790,000 | $197,500 | $4,068 | 5.37% |
| Ottawa, IL (FHA|USDA|VA) | 9 | $775,000 | $86,111 | $3,950 | 4.47% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $15,226 | 6.12% |
| LaGrange, GA-AL (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $11,483 | 6.46% |
| GAINESVILLE, FL (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $11,837 | 7.13% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $8,925 | 7.75% |
| Angola, IN (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $3,728 | 6.31% |
| Bluffton, IN (FHA|USDA|VA) | 4 | $650,000 | $162,500 | $3,674 | 6.62% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $3,784 | 6.63% |
| Waycross, GA (FHA|USDA|VA) | 5 | $605,000 | $121,000 | $6,619 | 5.50% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $3,209 | 4.71% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $10,791 | 6.99% |
| Plymouth, IN (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $9,857 | 7.31% |
| LOUISVILLE, KY (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $6,750 | 4.71% |
| LONGVIEW, WA (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $12,017 | 6.62% |
| GREEN BAY, WI (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $5,202 | 7.19% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $4,118 | 6.81% |
| Jacksonville, IL (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $12,203 | 6.69% |
| MONROE, MI (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $15,033 | 6.75% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $9,993 | 6.69% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $5,838 | 6.99% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $8,743 | 7.63% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $5,363 | 7.38% |
| RENO, NV (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $11,777 | 7.50% |
| Beaver Dam, WI (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,326 | 7.38% |
| Brownwood, TX (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $18,338 | 7.25% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $5,928 | 4.16% |
| OCALA, FL (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $9,458 | 7.06% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $5,747 | 6.99% |
| DECATUR, IL (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $4,547 | 6.75% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 4 | $300,000 | $75,000 | $2,861 | 2.91% |
| ROME, GA (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $7,300 | 2.75% |
| KANKAKEE, IL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $10,507 | 7.63% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,873 | 6.63% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 3 | $265,000 | $88,333 | $3,226 | 4.21% |
| APPLETON, WI (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $4,788 | 7.38% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,657 | 7.00% |
| Hannibal, MO (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $8,067 | 6.75% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,324 | 7.00% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $13,289 | 7.13% |
| Rochelle, IL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $12,212 | 7.63% |
| Tiffin, OH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $13,555 | 6.75% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $5,869 | 3.00% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,410 | 7.50% |
| Lincoln, IL (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $4,234 | 6.74% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,550 | 6.50% |
| Lufkin, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,298 | 6.99% |
| SAGINAW, MI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $10,792 | 7.13% |
| Othello, WA (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $4,227 | 3.63% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,340 | 6.25% |
| COLUMBUS, IN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,970 | 7.00% |
| MUNCIE, IN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,765 | 6.13% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,989 | 6.50% |
| Sault Ste. Marie, MI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,406 | 7.13% |
| Wabash, IN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,359 | 6.75% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $3,680 | 7.50% |
| Marion, IN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,985 | 6.99% |
| Mount Vernon, IL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $8,479 | 7.25% |
| Fremont, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $9,162 | 7.25% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,357 | 6.75% |
| Pontiac, IL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $8,438 | 6.63% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,775 | 6.38% |
| Big Spring, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $8,059 | 7.13% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,028 | 6.88% |
| Macomb, IL (FHA|USDA|VA) | 2 | $60,000 | $30,000 | $2,004 | 3.44% |
Similar Lenders
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Product Mix
For 2024, Diamond Residential Mortgage Corporation's most frequently originated type of loan was Conventional, with 809 originations. Their 2nd most popular type was FHA, with 397 originations.
Loan Reason
For 2024, Diamond Residential Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 1,152 originations. The 2nd most popular reason was Cash Out Refi, with 61 originations.
Loan Duration/Length
For 2024, Diamond Residential Mortgage Corporation's most frequently cited loan duration was 30 Year, with 1,244 originations. The 2nd most popular length was 10 Year, with 35 originations.
Origination Fees/Closing Costs
Diamond Residential Mortgage Corporation's average total fees were $6,739, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 450 originations.
Interest Rates
During 2024, Diamond Residential Mortgage Corporation's average interest rate for loans was 6.51%, while their most frequently originated rate bucket for loans was 6-7%, with 679 originations.
Loan Sizing
2024 saw Diamond Residential Mortgage Corporation place emphasis on $200k-400k loans with 566 originations, totaling $155,440,000 in origination value.
Applicant Income
Diamond Residential Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 360 originations. The second most popular income band? $75k-100k, with 318 originations.
Applicant Debt to Income Ratio
Diamond Residential Mortgage Corporation lent most frequently to those with DTI ratios of 30-36%, with 200 originations. The next most common DTI ratio? 20-30%, with 164 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.61%
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 origination72.55%
Diamond Residential Mortgage Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1570.0 | 1 | $205,000 | $205,000 |
| 6950.0 | 1 | $535,000 | $535,000 |
| NA | 1,302 | $302,040,000 | $231,982 |