Applications / Mortgage Analytics / Lenders / Texas / Red Diamond Home Loans
Southlake, TX · Independent non-bank lender · CFPB · 126 loans in 2025
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126
loans originated, 2025
163
applications, 2025
5
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Red Diamond Home Loans has turned from a conventional lender into one where government-backed loans make up more than half its book, and has shifted its business to Oklahoma.
In 2020, 89.3% of its loans were conventional. In 2025 only 47.6% were. Loans insured by the Federal Housing Administration (FHA) made up 31.0%, and loans guaranteed by the Department of Veterans Affairs (VA) 21.4%. That VA share was higher than about nine in ten similar lenders (independent non-bank lenders making between half and twice as many loans), whose typical VA share was 1.3%.
Home purchases made up 88.9% of its 126 loans. Though based in Southlake, Texas, Oklahoma is now its main state. It entered Oklahoma City, Tulsa, Lawton and rural Oklahoma in 2025. In Lawton, a small market, it ranked 24 of 211 lenders.
Borrowers with low or moderate incomes (LMI) took 24.8% of its loans, up from 13.3% in 2020 and higher than about seven in ten similar lenders. Its share in poorer neighborhoods, 18.2%, matched its peers' 18.3%. The move toward FHA and VA loans may account for some of the rise.
Its count fell from 200 loans in 2021 to 59 in 2023. The record holds no figure for 2024, so the change from one year to the next cannot be measured.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Red Diamond Home Loans took 163 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 88.9% · Refinance 11.1%
Conventional 47.6% · FHA 31.0% · VA 21.4% · of 126 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Oklahoma | 54 | 42.9% |
| Texas | 54 | 42.9% |
| Kansas | 12 | 9.5% |
| Missouri | 4 | 3.2% |
| Colorado | 2 | 1.6% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Dallas-Plano-Irving | 25 |
| Lawton | 23 |
| Fort Worth-Arlington-Grapevine | 19 |
| Oklahoma City | 18 |
| Kansas City | 6 |
| Wichita | 5 |
| Colorado Springs | 2 |
| Tulsa | 2 |
| Tyler | 2 |
| Houston-Pasadena-The Woodlands | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493008S3V47SHFD8R45 | 2018–2025 |
Established 13 March 2015. Reported under HMDA 2018-2025.
Mergers, name changes, data editions and corrections: Red Diamond Home Loans's data.
Red Diamond Home Loans's data
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Red Diamond Home Loans and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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