Diamond Lakes Federal Credit Union Mortgage Lending & HMDA Data, 2024
In 2024, Diamond Lakes Federal Credit Union of Malvern, AR reported 36 mortgage applications totaling $5.1 million, up 6% from 2023. The average application was for $140,555, and applicants reported an average income of $68,277. 100% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Hot Springs, AR (16), Little Rock-North Little Rock-Conway, AR (2) and Fayetteville-Springdale-Rogers, AR-MO (1) (applications in parentheses).
| Mortgage Company & Address | Diamond Lakes Federal Credit Union 7333 Us-270 Malvern, AR 72104 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 |
| Total Number of Mortgage Applications | 36 |
| Total Mortgage Loan Application Amount | $5,060,000 |
| Average Mortgage Loan Application Amount | $140,555 |
| Highest Mortgage Loan Application Amount | $705,000 |
| Average Applicant Income | $68,277 |
| Highest Applicant Income | $156,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Diamond Lakes Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Hot Spring, Arkansas | 17 | $ 1,665,000 | $ 97,941 | $ 73,000 |
| Garland, Arkansas | 16 | $ 2,960,000 | $ 185,000 | $ 68,000 |
| Saline, Arkansas | 2 | $ 200,000 | $ 100,000 | $ 44,000 |
| Washington, Arkansas | 1 | $ 235,000 | $ 235,000 | $ 60,000 |
Mortgage Loan Application Detail Totals for Diamond Lakes Federal Credit Union in 2024
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Cash-out Refinancing | 22 | $1,980,000 | $90,000 | $235,000 | $64,000 | $155,000 |
| Home Purchase | 14 | $3,080,000 | $220,000 | $705,000 | $75,000 | $156,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 0 | $0 | $0 | $0 | $0 | $0 |
| Refinancing | 0 | $0 | $0 | $0 | $0 | $0 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 31 | $4,325,000 | $139,000 | $705,000 | $71,000 | $156,000 |
| Asian | 2 | $390,000 | $195,000 | $235,000 | $74,000 | $75,000 |
| Black or African American | 1 | $25,000 | $25,000 | $25,000 | $21,000 | $21,000 |
| Hispanic | 1 | $165,000 | $165,000 | $165,000 | $36,000 | $36,000 |
| American Indian or Alaskan Native | 1 | $155,000 | $155,000 | $155,000 | $57,000 | $57,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 35 | $4,355,000 | $124,000 | $305,000 | $66,000 | $155,000 |
| VA-guaranteed (Veterans Administration) | 1 | $705,000 | $705,000 | $705,000 | $156,000 | $156,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 36 | $5,060,000 | $140,000 | $705,000 | $68,000 | $156,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Denied By Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Not applicable | 36 | $5,060,000 | $140,000 | $705,000 | $68,000 | $156,000 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Diamond Lakes Federal Credit Union's 2024 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Diamond Lakes Federal Credit Union's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Arkansas, download the full spreadsheet
with aggregated HMDA statistics today.
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