Diamond Residential Mortgage Corporation Rates, Fees & Info
LAKE FOREST, ILLEI: 549300WS8BW0I0BDA390
Tax ID: 27-0222046
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Diamond Residential Mortgage Corporation is a small 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, Los Angeles, Detroit, and Denver among others. We have data for 141 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.
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 | 6.96% | 4/18/24 |
| 30 Year Conventional Refi | 6.72% | 4/18/24 |
| 30 Year Cash-out Refi | 6.96% | 4/18/24 |
| 30 Year FHA Purchase | 7.75% | 4/18/24 |
| 30 Year FHA Refi | 7.73% | 4/18/24 |
| 30 Year VA Purchase | 6.77% | 4/18/24 |
| 30 Year VA Refi | 6.27% | 4/18/24 |
| 30 Year USDA Purchase | 7.13% | 4/18/24 |
| 30 Year USDA Refi | 6.27% | 4/18/24 |
| 15 Year Conventional Purchase | 6.52% | 4/18/24 |
| 15 Year Conventional Refi | 6.29% | 4/18/24 |
| 15 Year Cash-out Refi | 6.29% | 4/18/24 |
| 15 Year FHA Purchase | 7.94% | 4/18/24 |
| 15 Year FHA Refi | 5.68% | 4/18/24 |
| 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
4,939Origination Dollar Volume (All Markets)
$1,112,795,000Awards
DIAMOND RESIDENTIAL MORTGAGE CORPORATION - 2020
DIAMOND RESIDENTIAL MORTGAGE CORPORATION is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
Work for DIAMOND RESIDENTIAL MORTGAGE CORPORATION?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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) | 2,397 | $528,635,000 | $220,540 | $4,216 | 3.19% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 225 | $69,855,000 | $310,467 | $5,091 | 3.19% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 156 | $59,560,000 | $381,795 | $6,456 | 3.09% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 162 | $42,380,000 | $261,605 | $3,520 | 3.09% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 113 | $40,065,000 | $354,558 | $4,671 | 3.11% |
| FORT WAYNE, IN (FHA|USDA|VA) | 236 | $38,000,000 | $161,017 | $3,357 | 3.22% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 176 | $36,320,000 | $206,364 | $3,592 | 3.32% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 171 | $35,125,000 | $205,409 | $7,198 | 3.29% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 114 | $33,110,000 | $290,439 | $6,341 | 3.15% |
| RACINE, WI (FHA|USDA|VA) | 139 | $25,995,000 | $187,014 | $3,717 | 3.32% |
| Whitewater, WI (FHA|USDA|VA) | 115 | $25,915,000 | $225,348 | $3,295 | 3.14% |
| LONGVIEW, WA (FHA|USDA|VA) | 83 | $21,505,000 | $259,096 | $4,009 | 3.30% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 87 | $14,905,000 | $171,322 | $4,013 | 3.25% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 88 | $13,740,000 | $156,136 | $4,621 | 3.29% |
| Outside of Metro Areas | 71 | $13,155,000 | $185,282 | $3,888 | 3.28% |
| Auburn, IN (FHA|USDA|VA) | 68 | $10,930,000 | $160,735 | $3,315 | 3.22% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 29 | $5,715,000 | $197,069 | $2,775 | 2.89% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 11 | $4,435,000 | $403,182 | $4,292 | 2.89% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 23 | $4,405,000 | $191,522 | $4,278 | 3.18% |
| Taylorville, IL (FHA|USDA|VA) | 36 | $4,120,000 | $114,444 | $3,986 | 3.31% |
| Quincy, IL-MO (FHA|USDA|VA) | 34 | $4,000,000 | $117,647 | $4,235 | 3.26% |
| Kendallville, IN (FHA|USDA|VA) | 20 | $3,600,000 | $180,000 | $2,813 | 3.18% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 16 | $3,430,000 | $214,375 | $6,402 | 3.16% |
| Lincoln, IL (FHA|USDA|VA) | 31 | $3,415,000 | $110,161 | $4,020 | 3.40% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 8 | $2,880,000 | $360,000 | $6,262 | 2.89% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 10 | $2,450,000 | $245,000 | $6,045 | 3.80% |
| Angola, IN (FHA|USDA|VA) | 7 | $2,055,000 | $293,571 | $2,873 | 3.05% |
| RENO, NV (FHA|USDA|VA) | 9 | $1,995,000 | $221,667 | $4,620 | 3.14% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 6 | $1,970,000 | $328,333 | $6,237 | 4.04% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 13 | $1,925,000 | $148,077 | $2,743 | 3.26% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 11 | $1,915,000 | $174,091 | $3,207 | 3.35% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 8 | $1,680,000 | $210,000 | $8,386 | 3.22% |
| Huntington, IN (FHA|USDA|VA) | 11 | $1,655,000 | $150,455 | $4,453 | 3.06% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 7 | $1,625,000 | $232,143 | $6,598 | 2.98% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $1,530,000 | $382,500 | $5,360 | 3.13% |
| Centralia, WA (FHA|USDA|VA) | 6 | $1,390,000 | $231,667 | $5,533 | 3.60% |
| Breckenridge, CO (FHA|USDA|VA) | 4 | $1,360,000 | $340,000 | $3,521 | 2.66% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 5 | $1,225,000 | $245,000 | $4,235 | 3.15% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 3 | $1,155,000 | $385,000 | $6,361 | 3.29% |
| GREELEY, CO (FHA|USDA|VA) | 3 | $1,135,000 | $378,333 | $2,838 | 3.29% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 7 | $1,125,000 | $160,714 | $3,130 | 3.20% |
| FLINT, MI (FHA|USDA|VA) | 5 | $1,115,000 | $223,000 | $4,188 | 3.23% |
| BEND, OR (FHA|USDA|VA) | 3 | $1,095,000 | $365,000 | $5,417 | 3.04% |
| ANN ARBOR, MI (FHA|USDA|VA) | 3 | $1,015,000 | $338,333 | $3,736 | 2.83% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 5 | $995,000 | $199,000 | $2,433 | 2.95% |
| Beaver Dam, WI (FHA|USDA|VA) | 4 | $990,000 | $247,500 | $5,063 | 3.66% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 4 | $980,000 | $245,000 | $3,368 | 3.13% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 5 | $905,000 | $181,000 | $3,866 | 3.53% |
| LOUISVILLE, KY (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $3,471 | 2.92% |
| Jacksonville, IL (FHA|USDA|VA) | 9 | $875,000 | $97,222 | $3,794 | 3.51% |
| OCALA, FL (FHA|USDA|VA) | 5 | $865,000 | $173,000 | $6,774 | 3.40% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 4 | $830,000 | $207,500 | $4,483 | 3.03% |
| NILES, MI (FHA|USDA|VA) | 4 | $830,000 | $207,500 | $5,901 | 3.28% |
| FRESNO, CA (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $3,440 | 3.25% |
| DECATUR, IL (FHA|USDA|VA) | 6 | $800,000 | $133,333 | $4,636 | 2.96% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $4,637 | 3.50% |
| Warsaw, IN (FHA|USDA|VA) | 4 | $780,000 | $195,000 | $2,696 | 3.22% |
| Aberdeen, WA (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $3,890 | 3.33% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 4 | $750,000 | $187,500 | $5,603 | 2.53% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $4,238 | 2.83% |
| Traverse City, MI (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $3,221 | 3.00% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 6 | $730,000 | $121,667 | $2,755 | 3.17% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $3,685 | 2.69% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $6,464 | 3.63% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $3,927 | 2.88% |
| LaGrange, GA-AL (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $6,641 | 3.08% |
| Ottawa, IL (FHA|USDA|VA) | 4 | $610,000 | $152,500 | $6,073 | 3.50% |
| Plymouth, IN (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $5,308 | 3.71% |
| FORT COLLINS, CO (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $2,043 | 3.06% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 4 | $560,000 | $140,000 | $4,007 | 3.59% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 4 | $550,000 | $137,500 | $2,423 | 3.06% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 4 | $540,000 | $135,000 | $2,529 | 3.22% |
| FOND DU LAC, WI (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $2,507 | 2.92% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $6,813 | 3.50% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $3,286 | 3.88% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $2,513 | 3.19% |
| Decatur, IN (FHA|USDA|VA) | 5 | $465,000 | $93,000 | $3,363 | 2.85% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $7,409 | 3.06% |
| Bluffton, IN (FHA|USDA|VA) | 4 | $430,000 | $107,500 | $2,623 | 2.97% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $3,293 | 3.69% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $2,402 | 3.13% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $4,652 | 2.75% |
| KNOXVILLE, TN (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $3,227 | 3.00% |
| PEORIA, IL (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $5,264 | 3.08% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,054 | 3.88% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,842 | 3.38% |
| Port Angeles, WA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $5,761 | 3.50% |
| COLUMBUS, IN (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $6,264 | 3.00% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,559 | 2.63% |
| Steamboat Springs, CO (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $2,215 | 2.75% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,033 | 2.63% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,365 | 3.00% |
| ROCKFORD, IL (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $4,951 | 3.50% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $6,902 | 3.81% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $9,481 | 4.13% |
| KANKAKEE, IL (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $6,893 | 3.56% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $6,779 | 4.00% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $10,747 | 3.50% |
| Pontiac, IL (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $3,805 | 2.81% |
| Hannibal, MO (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $4,214 | 3.13% |
| Adrian, MI (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $9,416 | 3.25% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $6,706 | 4.00% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $9,368 | 2.88% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,803 | 6.88% |
| Madison, IN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,334 | 3.00% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,016 | 3.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,240 | 3.00% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,179 | 4.13% |
| Dublin, GA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,990 | 2.75% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $7,042 | 3.69% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,250 | 3.50% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,340 | 3.13% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,368 | 3.38% |
| BAY CITY, MI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $9,712 | 2.75% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,402 | 2.88% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,062 | 2.88% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,585 | 2.75% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,435 | 2.50% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,706 | 2.63% |
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,451 | 3.50% |
| Brainerd, MN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,562 | 3.50% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,156 | 2.88% |
| Astoria, OR (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,101 | 2.75% |
| Logansport, IN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,950 | 4.13% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,404 | 3.75% |
| Charleston-Mattoon, IL (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $2,846 | 3.06% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,524 | 3.50% |
| MADISON, WI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,710 | 3.50% |
| Greensburg, IN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,178 | 3.38% |
| Rochelle, IL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,679 | 3.25% |
| LIMA, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,186 | 3.25% |
| Defiance, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,893 | 2.75% |
| MUNCIE, IN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,690 | 3.63% |
| AMES, IA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,255 | 2.88% |
| DANVILLE, IL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,338 | 3.13% |
| Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,062 | 3.75% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,843 | 3.00% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,640 | 3.63% |
| APPLETON, WI (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,755 | 3.25% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,781 | 3.75% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,090 | 4.63% |
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.
Similarity Rank: 30
Similarity Rank: 98
Similarity Rank: 115
Similarity Rank: 144
Similarity Rank: 250
Similarity Rank: 280
Similarity Rank: 315
Similarity Rank: 345
Similarity Rank: 348
Similarity Rank: 374
Product Mix
For 2020, Diamond Residential Mortgage Corporation's most frequently originated type of loan was Conventional, with 3,659 originations. Their 2nd most popular type was FHA, with 958 originations.
Loan Reason
For 2020, Diamond Residential Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 2,395 originations. The 2nd most popular reason was Refi, with 1,885 originations.
Loan Duration/Length
For 2020, Diamond Residential Mortgage Corporation's most frequently cited loan duration was 30 Year, with 4,192 originations. The 2nd most popular length was 15 Year, with 472 originations.
Origination Fees/Closing Costs
Diamond Residential Mortgage Corporation's average total fees were $4,603, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 3,160 originations.
Interest Rates
During 2020, Diamond Residential Mortgage Corporation's average interest rate for loans was 3.27%, while their most frequently originated rate bucket for loans was 3-4%, with 2,218 originations.
Loan Sizing
2020 saw Diamond Residential Mortgage Corporation place emphasis on $100k-200k loans with 2,074 originations, totaling $311,580,000 in origination value.
Applicant Income
Diamond Residential Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 1,265 originations. The second most popular income band? $100k-150k, with 1,003 originations.
Applicant Debt to Income Ratio
Diamond Residential Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 1,120 originations. The next most common DTI ratio? 30-36%, with 943 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.74%
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 origination79.33%
Diamond Residential Mortgage Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 14570.0 | 1 | $485,000 | $485,000 |
| 26965.0 | 1 | $485,000 | $485,000 |
| 3023.75 | 1 | $125,000 | $125,000 |
| 30362.5 | 1 | $515,000 | $515,000 |
| 30572.5 | 1 | $525,000 | $525,000 |
| 30681.25 | 1 | $565,000 | $565,000 |
| 5195.0 | 1 | $145,000 | $145,000 |
| 7517.5 | 1 | $155,000 | $155,000 |
| 8094.25 | 1 | $185,000 | $185,000 |
| 8795.0 | 1 | $215,000 | $215,000 |
| NA | 4,929 | $1,109,395,000 | $225,075 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 33 | $4,585,000 | $138,939 |
| Single Family (1-4 Units):Site-Built | 4,906 | $1,108,210,000 | $225,889 |