Diamond Residential Mortgage Corporation Rates, Fees & Info
LAKE FOREST, ILLEI: 549300WS8BW0I0BDA390
Tax ID: 27-0222046
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Mortgage Data
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 include Chicago, Portland, Fort Wayne, Los Angeles, and Atlanta among others. Diamond Residential Mortgage Corporation has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Diamond Residential Mortgage Corporation is typically an average fee lendor.Originations
3,980Origination Dollar Volume (All Markets)
$942,030,000Awards
DIAMOND RESIDENTIAL MORTGAGE CORPORATION - 2021
DIAMOND RESIDENTIAL MORTGAGE CORPORATION is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Diamond Residential Mortgage Corporation's average 30 year fixed rate mortgage of loans were
3.26%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.11%.
Relative Fees
Diamond Residential Mortgage Corporation's average total fees for a 30 year fixed rate
mortgage are $4,857.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| 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.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average 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 the 2021 period, Diamond Residential Mortgage Corporation's most frequently originated loan type of loans were Conventional, with 2,889 originations. Their 2nd most popular type is FHA, with 816 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average 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 the 2021, Diamond Residential Mortgage Corporation's most frequently cited loan purpose of loans were Home Purchase, with 2,446 originations. The 2nd most popular reason of loans were 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 the 2021, Diamond Residential Mortgage Corporation's most frequently cited loan length of loans were 30 Year, with 3,571 originations. The 2nd most popular length of loans were 15 Year, with 286 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 2,556 | $585,680,000 | $229,139 |
| $<1k | 504 | $100,230,000 | $198,869 |
| $3k-4k | 381 | $101,725,000 | $266,995 |
| $2k-3k | 375 | $89,385,000 | $238,360 |
| $5k+ | 164 | $65,010,000 | $396,402 |
$4,857 of loans were Diamond Residential Mortgage Corporation's average total fees, while their most frequently occuring range of origination fees 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 of loans were 3.26%, while their most frequently originated rate bucket of loans were 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 | 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 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 origination76.89%
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% |
