PlainLender

DIAMOND CREDIT UNION

POTTSTOWN, PA

DIAMOND CREDIT UNION processed 1,460 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 1,046 loans with a 20.3% denial rate. Home Improvement was the primary loan purpose. Based in POTTSTOWN, PA. The approval rate of 71.6% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.

Portfolio scale. DIAMOND CREDIT UNION processed 1,460 HMDA-reported mortgage applications in 2024, originating 1,046 loans and denying 297 for a denial rate of 20.3% (applicants themselves withdrew 17 files before a decision). The average loan amount was $99,096 at a 5.381% average note rate, and applicants self-reported an average income of $35,000. The lender reports under LEI 25490053H6JWQDX4RM47 from POTTSTOWN, PA.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% — HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. DIAMOND CREDIT UNION's 71.6% origination rate tells you how often an application turned into funded money; the 20.3% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Credit history, Credit application incomplete, which together explain the majority of rejections. Most activity concentrated in Conventional loans (1,460 applications).

How to read this page. These figures are aggregate HMDA disclosures — they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting — it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

1,460
Applications
1,046
Originated
20.3%
Denial Rate
$99,096
Avg Loan Amount
Avg Interest Rate: 5.381% Avg Applicant Income: $35,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 1,460 1,046 297 $99,096

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for DIAMOND CREDIT UNION (LEI: 25490053H6JWQDX4RM47) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Debt-to-income ratio
159
Credit history
105
Credit application incomplete
43
Other
34
Collateral
18
Employment history
13
Unverifiable information
9
Insufficient cash
9

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Improvement 618 455 $71,731
Refinancing 339 247 $119,985
Other 271 178 $60,904
Home Purchase 185 121 $181,703
Cash-out Refinancing 47 45 $203,298

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 1,094 72.9% 18.2%
Black or African American 50 60.0% 38.0%
Joint 23 78.3% 13.0%
Asian 18 66.7% 22.2%
American Indian or Alaska Native 7 71.4% 28.6%
Native Hawaiian or Other Pacific Islander 3 0.0% 66.7%

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 1,073 73.4% 17.9%
Hispanic or Latino 130 43.1% 49.2%
Joint 27 77.8% 11.1%

Nearby Lenders in PA

Other HMDA-reporting lenders in PA with similar activity. Compare any two side-by-side.

NEWREZ LLC

FORT WASHINGTON, PA

248,242 apps 52,121 originated 11.5% denied

PNC BANK N.A.

Pittsburgh, PA

127,108 apps 56,830 originated 25.4% denied

SPRING EQ, LLC

RADNOR, PA

104,263 apps 31,186 originated 54.8% denied

NVR MORTGAGE FINANCE, INC.

PITTSBURGH, PA

23,698 apps 17,311 originated 17.1% denied

FIRST NATIONAL BANK OF PA

PITTSBURGH, PA

22,946 apps 13,057 originated 25.0% denied
Compare DIAMOND CREDIT UNION vs NEWREZ LLC →

Mortgage Lending Guides

Why Mortgages Get Denied
Common denial reasons and how to improve your chances
Comparing Mortgage Lenders
What to look for when choosing a mortgage lender
Getting the Best Mortgage Rate
Strategies for securing the lowest interest rate
Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

Explore More Data

Bank Financial Data → Credit Union Data → Financial Advisor Lookup → Home Insurance Costs → Property Tax Data → Rent Price Data →

Frequently Asked Questions

How many mortgage applications did DIAMOND CREDIT UNION process?
DIAMOND CREDIT UNION processed 1,460 mortgage applications in the 2023 HMDA reporting year. Of these, 1,046 were originated (approved and funded), 17 were withdrawn by the applicant, and 297 were denied.
What is DIAMOND CREDIT UNION's mortgage approval rate?
DIAMOND CREDIT UNION has an approval (origination) rate of 71.6%, meaning 71.6% of all applications resulted in a funded mortgage. The denial rate is 20.3%.
What is the average loan amount at DIAMOND CREDIT UNION?
The average mortgage loan amount at DIAMOND CREDIT UNION is $99,096. The average interest rate is 5.381%. The average applicant income is $35,000.
What are the most common reasons for mortgage denial at DIAMOND CREDIT UNION?
The most common reasons for mortgage denial at DIAMOND CREDIT UNION are: Debt-to-income ratio, Credit history, Credit application incomplete. In total, 297 applications were denied out of 1,460 total applications.
What types of mortgage loans does DIAMOND CREDIT UNION offer?
DIAMOND CREDIT UNION processes Conventional loans. The most common type is Conventional with 1,460 applications and an average loan amount of $99,096.
What loan purposes does DIAMOND CREDIT UNION serve?
DIAMOND CREDIT UNION serves the following loan purposes: Home Improvement (618 applications), Refinancing (339 applications), Other (271 applications), Home Purchase (185 applications), Cash-out Refinancing (47 applications). Home Improvement is the most common purpose.
Where is DIAMOND CREDIT UNION located?
DIAMOND CREDIT UNION is headquartered in POTTSTOWN, PA. The lender is identified by LEI 25490053H6JWQDX4RM47 in HMDA data.
How does DIAMOND CREDIT UNION compare in lending across racial demographics?
DIAMOND CREDIT UNION reports demographic lending data under HMDA requirements. White applicants have an approval rate of 72.9% and denial rate of 18.2%; Black or African American applicants have an approval rate of 60.0% and denial rate of 38.0%; Joint applicants have an approval rate of 78.3% and denial rate of 13.0%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology — how this data is sourced, computed, and verified.