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, Milwaukee, Fort Wayne, Racine, and Whitewater among others. We have data for 126 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.96% | 4/21/24 |
| 30 Year Conventional Refi | 6.72% | 4/21/24 |
| 30 Year Cash-out Refi | 6.96% | 4/21/24 |
| 30 Year FHA Purchase | 7.75% | 4/21/24 |
| 30 Year FHA Refi | 7.73% | 4/21/24 |
| 30 Year VA Purchase | 6.77% | 4/21/24 |
| 30 Year VA Refi | 6.27% | 4/21/24 |
| 30 Year USDA Purchase | 7.13% | 4/21/24 |
| 30 Year USDA Refi | 6.27% | 4/21/24 |
| 15 Year Conventional Purchase | 6.52% | 4/21/24 |
| 15 Year Conventional Refi | 6.29% | 4/21/24 |
| 15 Year Cash-out Refi | 6.29% | 4/21/24 |
| 15 Year FHA Purchase | 7.94% | 4/21/24 |
| 15 Year FHA Refi | 5.68% | 4/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
3,487Origination Dollar Volume (All Markets)
$679,315,000Awards
DIAMOND RESIDENTIAL MORTGAGE CORPORATION - 2018
DIAMOND RESIDENTIAL MORTGAGE CORPORATION is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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) | 1,664 | $320,800,000 | $192,788 | $5,179 | 4.99% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 258 | $51,560,000 | $199,845 | $3,866 | 4.96% |
| FORT WAYNE, IN (FHA|USDA|VA) | 156 | $25,400,000 | $162,821 | $3,876 | 4.95% |
| RACINE, WI (FHA|USDA|VA) | 146 | $25,060,000 | $171,644 | $3,823 | 5.01% |
| Whitewater, WI (FHA|USDA|VA) | 111 | $22,705,000 | $204,550 | $4,553 | 4.89% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 77 | $22,565,000 | $293,052 | $5,081 | 4.90% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 44 | $18,610,000 | $422,955 | $8,223 | 5.19% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 117 | $14,965,000 | $127,906 | $4,252 | 4.73% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 45 | $14,755,000 | $327,889 | $5,523 | 4.92% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 84 | $13,930,000 | $165,833 | $6,540 | 4.98% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 61 | $12,305,000 | $201,721 | $5,374 | 4.97% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 53 | $12,225,000 | $230,660 | $4,421 | 4.92% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 36 | $9,760,000 | $271,111 | $7,408 | 5.12% |
| LONGVIEW, WA (FHA|USDA|VA) | 39 | $9,435,000 | $241,923 | $5,093 | 5.16% |
| Outside of Metro Areas | 60 | $9,230,000 | $153,833 | $4,189 | 4.93% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 43 | $9,135,000 | $212,442 | $5,052 | 5.07% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 47 | $7,115,000 | $151,383 | $4,656 | 5.12% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 28 | $6,360,000 | $227,143 | $3,548 | 4.68% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 24 | $5,950,000 | $247,917 | $6,835 | 4.61% |
| Lincoln, IL (FHA|USDA|VA) | 45 | $4,385,000 | $97,444 | $4,175 | 4.92% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 19 | $3,505,000 | $184,474 | $5,293 | 4.95% |
| Taylorville, IL (FHA|USDA|VA) | 29 | $2,715,000 | $93,621 | $4,012 | 4.88% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 6 | $2,570,000 | $428,333 | $7,458 | 4.88% |
| OWENSBORO, KY (FHA|USDA|VA) | 18 | $2,530,000 | $140,556 | $3,938 | 4.99% |
| Quincy, IL-MO (FHA|USDA|VA) | 23 | $2,315,000 | $100,652 | $4,350 | 5.05% |
| Kendallville, IN (FHA|USDA|VA) | 11 | $2,235,000 | $203,182 | $5,141 | 4.92% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 12 | $2,180,000 | $181,667 | $4,717 | 4.81% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 12 | $1,910,000 | $159,167 | $3,867 | 4.71% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 5 | $1,785,000 | $357,000 | $5,544 | 4.73% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 6 | $1,770,000 | $295,000 | $6,160 | 4.54% |
| Auburn, IN (FHA|USDA|VA) | 9 | $1,745,000 | $193,889 | $4,706 | 4.90% |
| NILES, MI (FHA|USDA|VA) | 9 | $1,525,000 | $169,444 | $3,303 | 4.51% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 6 | $1,260,000 | $210,000 | $3,619 | 5.00% |
| MODESTO, CA (FHA|USDA|VA) | 3 | $1,245,000 | $415,000 | $6,478 | 4.63% |
| DECATUR, IL (FHA|USDA|VA) | 13 | $1,235,000 | $95,000 | $4,332 | 5.18% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 4 | $1,160,000 | $290,000 | $6,925 | 4.97% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $1,090,000 | $545,000 | $16,086 | 4.88% |
| MERCED, CA (FHA|USDA|VA) | 5 | $1,015,000 | $203,000 | $7,063 | 5.08% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $46,110 | 4.13% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 3 | $995,000 | $331,667 | $2,469 | 4.58% |
| GREEN BAY, WI (FHA|USDA|VA) | 4 | $950,000 | $237,500 | $3,378 | 4.69% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 6 | $890,000 | $148,333 | $3,611 | 5.31% |
| Warsaw, IN (FHA|USDA|VA) | 4 | $840,000 | $210,000 | $3,894 | 4.78% |
| Jacksonville, IL (FHA|USDA|VA) | 7 | $735,000 | $105,000 | $3,970 | 4.75% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $5,026 | 3.50% |
| FLINT, MI (FHA|USDA|VA) | 4 | $710,000 | $177,500 | $5,659 | 4.88% |
| Huntington, IN (FHA|USDA|VA) | 6 | $690,000 | $115,000 | $4,539 | 5.31% |
| Plymouth, IN (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $6,749 | 5.25% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 5 | $665,000 | $133,000 | $6,000 | 5.15% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $7,491 | 4.88% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $3,346 | 4.38% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $2,847 | 4.56% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 4 | $540,000 | $135,000 | $4,564 | 4.81% |
| Pontiac, IL (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $3,142 | 4.96% |
| Angola, IN (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $3,410 | 4.50% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $5,119 | 4.94% |
| Shelton, WA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $9,190 | 5.13% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $7,707 | 4.88% |
| Beaver Dam, WI (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $5,068 | 4.96% |
| ROCKFORD, IL (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $4,462 | 5.54% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $4,326 | 4.79% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $7,460 | 4.50% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $2,680 | 4.81% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $5,351 | 4.13% |
| Macomb, IL (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $3,875 | 5.17% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $2,567 | 4.00% |
| Crawfordsville, IN (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $5,119 | 4.75% |
| MADISON, WI (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $3,830 | 4.63% |
| Cañon City, CO (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $10,846 | 4.25% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $5,225 | 4.69% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,624 | 4.50% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $4,285 | 5.13% |
| Sikeston, MO (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $17,822 | 4.25% |
| Key West, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,622 | 4.75% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,317 | 4.63% |
| Aberdeen, WA (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $4,963 | 4.94% |
| Bluffton, IN (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $2,467 | 4.69% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $4,617 | 5.63% |
| LOUISVILLE, KY (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $5,967 | 5.13% |
| VICTORIA, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,112 | 5.13% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,347 | 4.88% |
| Port Lavaca, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $6,038 | 4.25% |
| GRANTS PASS, OR (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $15,369 | 4.25% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,415 | 4.38% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,087 | 5.63% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $1,767 | 5.75% |
| BEND, OR (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,676 | 4.25% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $3,242 | 4.81% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,520 | 4.88% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $1,290 | 4.25% |
| SALEM, OR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,851 | 4.50% |
| Sturgis, MI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,239 | 4.88% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $8,776 | 5.75% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,682 | 5.00% |
| SAGINAW, MI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $9,880 | 5.00% |
| RENO, NV (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,660 | 4.38% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,246 | 4.75% |
| PEORIA, IL (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $2,630 | 4.88% |
| APPLETON, WI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,180 | 5.25% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,156 | 5.13% |
| OCALA, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,049 | 5.75% |
| Kirksville, MO (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $3,492 | 5.38% |
| Decatur, IN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,221 | 4.88% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,302 | 5.50% |
| Van Wert, OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,383 | 4.88% |
| Ottawa, IL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,335 | 5.63% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $3,379 | 5.88% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,938 | 5.25% |
| Greensburg, IN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,332 | 5.63% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,704 | 4.75% |
| Celina, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,810 | 4.88% |
| COLUMBUS, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,650 | 5.00% |
| Marinette, WI-MI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,936 | 5.00% |
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,690 | 4.63% |
| Defiance, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $7,358 | 4.63% |
| Cedartown, GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,199 | 4.75% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,492 | 4.50% |
| Charleston-Mattoon, IL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,599 | 4.38% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,856 | 4.75% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,381 | 5.00% |
| Hannibal, MO (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,507 | 5.38% |
| Manitowoc, WI (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,917 | 6.63% |
| MUNCIE, IN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $1,772 | 5.75% |
| Centralia, WA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,205 | 4.88% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,864 | 4.50% |
| Houghton, MI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,620 | 6.00% |
Similar Lenders
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Product Mix
For 2018, Diamond Residential Mortgage Corporation's most frequently originated type of loan was Conventional, with 1,927 originations. Their 2nd most popular type was FHA, with 1,216 originations.
Loan Reason
For 2018, Diamond Residential Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 2,995 originations. The 2nd most popular reason was Cash Out Refi, with 255 originations.
Loan Duration/Length
For 2018, Diamond Residential Mortgage Corporation's most frequently cited loan duration was 30 Year, with 3,327 originations. The 2nd most popular length was 15 Year, with 108 originations.
Origination Fees/Closing Costs
Diamond Residential Mortgage Corporation's average total fees were $4,985, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,843 originations.
Interest Rates
During 2018, Diamond Residential Mortgage Corporation's average interest rate for loans was 4.99%, while their most frequently originated rate bucket for loans was 4-5%, with 2,107 originations.
Loan Sizing
2018 saw Diamond Residential Mortgage Corporation place emphasis on $100k-200k loans with 1,722 originations, totaling $254,410,000 in origination value.
Applicant Income
Diamond Residential Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 1,098 originations. The second most popular income band? $50k or less, with 894 originations.
Applicant Debt to Income Ratio
Diamond Residential Mortgage Corporation lent most frequently to those with DTI ratios of 30-36%, with 566 originations. The next most common DTI ratio? 20-30%, with 483 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.26%
Diamond Residential Mortgage Corporation has an average approval rate.
Pick Rate
Approvals leading to origination74.53%
Diamond Residential Mortgage Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1428.5 | 1 | $305,000 | $305,000 |
| 20328.75 | 1 | $665,000 | $665,000 |
| 3385.0 | 1 | $205,000 | $205,000 |
| 4882.94 | 1 | $195,000 | $195,000 |
| 6900.5 | 1 | $285,000 | $285,000 |
| 7981.88 | 1 | $105,000 | $105,000 |
| NA | 3,481 | $677,555,000 | $194,644 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 29 | $4,205,000 | $145,000 |
| Single Family (1-4 Units):Site-Built | 3,458 | $675,110,000 | $195,231 |