Diamond Residential Mortgage Corporation Rates, Fees & Info

LAKE FOREST, IL

LEI: 549300WS8BW0I0BDA390

Tax ID: 27-0222046

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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% 12/17/24
30 Year Conventional Refi 6.72% 12/17/24
30 Year Cash-out Refi 6.96% 12/17/24
30 Year FHA Purchase 7.75% 12/17/24
30 Year FHA Refi 7.73% 12/17/24
30 Year VA Purchase 6.77% 12/17/24
30 Year VA Refi 6.27% 12/17/24
30 Year USDA Purchase 7.13% 12/17/24
30 Year USDA Refi 6.27% 12/17/24
15 Year Conventional Purchase 6.52% 12/17/24
15 Year Conventional Refi 6.29% 12/17/24
15 Year Cash-out Refi 6.29% 12/17/24
15 Year FHA Purchase 7.94% 12/17/24
15 Year FHA Refi 5.68% 12/17/24
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

4,939

Origination Dollar Volume (All Markets)

$1,112,795,000
Show all (10) awards

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%
Diamond Residential Mortgage Corporation's top markets include Chicago, Portland, Los Angeles, Detroit, and Denver among others.

Their top states include:
  • Indiana (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Similar Lenders

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 3,659 $861,495,000 $235,445 $3,443 3.15%
    FHA 958 $179,680,000 $187,557 $7,494 3.40%
    VA 200 $54,790,000 $273,950 $5,999 3.12%
    USDA 122 $16,830,000 $137,951 $4,442 3.36%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,395 $515,045,000 $215,050 $5,424 3.32%
    Refi 1,885 $441,925,000 $234,443 $3,157 3.03%
    Cash Out Refi 657 $155,465,000 $236,629 $3,898 3.29%
    Other 2 $360,000 $180,000 $10,082 4.00%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 4,192 $960,240,000 $229,065 $4,603 3.27%
    15 Year 472 $91,600,000 $194,068 $2,915 2.70%
    20 Year 160 $33,640,000 $210,250 $3,017 3.05%
    Other 98 $24,060,000 $245,510 $3,270 3.21%
    10 Year 17 $3,255,000 $191,471 $3,231 2.69%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 3,160 $692,720,000 $219,215
    $<1k 598 $119,690,000 $200,151
    $2k-3k 584 $125,880,000 $215,548
    $3k-4k 300 $72,870,000 $242,900
    $5k+ 154 $61,000,000 $396,104
    $4k-5k 132 $36,690,000 $277,955

    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

    Loan Rate Originations Total Value Average Loan
    3-4% 2,218 $501,900,000 $226,285
    2.5-3% 2,081 $482,345,000 $231,785
    <2.5% 307 $63,585,000 $207,117
    4-5% 293 $55,015,000 $187,765
    5-6% 32 $7,040,000 $220,000
    6-7% 7 $2,135,000 $305,000
    Over 8% 1 $775,000 $775,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 2,074 $311,580,000 $150,231 $3,954 3.21%
    $200k-400k 2,032 $556,200,000 $273,720 $4,765 3.19%
    $100,000 or less 411 $33,135,000 $80,620 $3,241 3.29%
    $400k-600k 378 $175,160,000 $463,386 $5,080 3.11%
    $600k-1MM 36 $27,000,000 $750,000 $9,673 3.52%
    $1MM+ 8 $9,720,000 $1,215,000 $5,758 3.44%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 1,265 $238,995,000 $188,929 $4,570 3.22%
    $100k-150k 1,003 $272,745,000 $271,929 $4,286 3.21%
    $75k-100k 974 $222,320,000 $228,255 $4,558 3.17%
    $50k or less 955 $129,895,000 $136,016 $4,222 3.25%
    $150k-250k 498 $159,100,000 $319,478 $4,059 3.14%
    $250k+ 158 $66,870,000 $423,228 $4,137 3.18%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,120 $243,480,000 $217,393 $3,520 3.12%
    30-36% 943 $211,885,000 $224,692 $4,069 3.20%
    <20% 355 $75,085,000 $211,507 $2,915 3.03%
    44% 237 $53,755,000 $226,814 $4,659 3.30%
    42% 208 $53,460,000 $257,019 $4,667 3.22%
    50-60% 207 $43,385,000 $209,589 $7,833 3.35%
    41% 199 $47,155,000 $236,960 $4,619 3.33%
    36% 181 $41,575,000 $229,696 $4,440 3.18%
    40% 179 $36,555,000 $204,218 $4,609 3.27%
    43% 177 $40,445,000 $228,503 $4,989 3.30%
    38% 170 $40,140,000 $236,118 $4,347 3.26%
    37% 168 $34,600,000 $205,952 $4,215 3.19%
    39% 146 $34,010,000 $232,945 $4,589 3.26%
    45% 128 $29,350,000 $229,297 $5,449 3.28%
    49% 125 $28,935,000 $231,480 $5,486 3.19%
    46% 124 $28,230,000 $227,661 $5,396 3.23%
    48% 115 $28,645,000 $249,087 $5,901 3.22%
    47% 88 $22,430,000 $254,886 $5,152 3.24%
    >60% 9 $1,635,000 $181,667 $8,122 4.21%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 4,242 $958,360,000 $225,922 $4,132 3.20%
    Black 406 $80,000,000 $197,044 $6,585 3.29%
    Asian 114 $32,120,000 $281,754 $3,907 3.23%
    Not provided 140 $32,060,000 $229,000 $4,804 3.06%
    American Indian 13 $2,995,000 $230,385 $5,772 3.31%
    Native Hawaiian or Islander 7 $2,625,000 $375,000 $5,216 3.29%
    Chinese 3 $1,365,000 $455,000 $7,143 3.08%
    Asian Indian 5 $1,085,000 $217,000 $2,498 3.43%
    Other Pacific Islander 5 $1,005,000 $201,000 $6,413 2.78%
    Other Asian 2 $850,000 $425,000 $8,825 2.88%
    Filipino 1 $215,000 $215,000 $4,928 3.13%
    Vietnamese 1 $115,000 $115,000 $5,054 2.75%

    Approval Rates

    Total approvals of all applications
    96.74%

    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 origination
    79.33%

    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

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 96 $15,860,000 $165,208 $3,035 2.86%
    40-60% 430 $91,160,000 $212,000 $3,114 2.88%
    60-80% 1,703 $409,915,000 $240,702 $3,381 3.17%
    80-100% 2,646 $579,960,000 $219,184 $5,122 3.29%
    Over 100% 54 $14,620,000 $270,741 $9,977 3.20%
    Under 20% 10 $1,280,000 $128,000 $3,534 2.90%