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 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, Fort Wayne, Los Angeles, and Atlanta among others. We have data for 143 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% | 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
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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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) | 1,906 | $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, KY (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% |
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Product Mix
For 2021, Diamond Residential Mortgage Corporation's most frequently originated type of loan was Conventional, with 2,889 originations. Their 2nd most popular type was FHA, with 816 originations.
Loan Reason
For 2021, Diamond Residential Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 2,446 originations. The 2nd most popular reason was Refi, with 923 originations.
Loan Duration/Length
For 2021, Diamond Residential Mortgage Corporation's most frequently cited loan duration was 30 Year, with 3,571 originations. The 2nd most popular length was 15 Year, with 286 originations.
Origination Fees/Closing Costs
Diamond Residential Mortgage Corporation's average total fees were $4,857, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.26%, while their most frequently originated rate bucket for loans was 3-4%, with 2,483 originations.
Loan Sizing
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
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
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
Approval Rates
Total approvals of all applications96.93%
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 origination76.23%
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 |