Red Diamond Home Loans at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the B grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
81st3.4% deniedPricingmedian rate spread over APOR, weight 30%
43rd0.32 ptsProcesswithdrawn + incomplete share, weight 15%
56th10.4%Closing coststotal loan costs ÷ loan amount, weight 10%
30th2.49% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 75 | 59 | 5.3% | 5.9% | 6.88% | $19M |
| 2025 | 163 | 126 | 3.1% | 3.4% | 6.63% | $36M |
What Red Diamond Home Loans lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 3 investment properties.
Why Red Diamond Home Loans denies applications
Primary reason reported for each of the 5 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Red Diamond Home Loans
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 68 | 51 | 3.4% |
| $100k – $150k | 43 | 33 | 7.7% |
| $150k – $250k | 30 | 24 | 0.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 21 | 20 | 0.0% |
| 25–34 | 54 | 42 | 4.2% |
| 35–44 | 29 | 21 | 4.2% |
| 45–54 | 28 | 18 | 8.0% |
Where Red Diamond Home Loans lends
5 states and 44 counties in 2025. Click a state for the lender's full record there.
Frequently asked questions
Red Diamond Home Loans denied 3.4% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 81st percentile of small mortgage lenders.
The most common reason Red Diamond Home Loans gave in 2025 was "insufficient cash", cited on 40.0% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Red Diamond Home Loans originated in 2025 was 6.63%, and its median rate spread over the average prime offer rate was 0.32 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 88% of its applications were for home purchases, 12% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 44% conventional, 36% FHA, 20% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.