Traditions Bank Mortgage Rates, Fees & Info
Cullman, ALLEI: 254900GRDRKSA8ZPAJ55
Tax ID: 04-3765424
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Mortgage Data
Review & Overview
Traditions Bank is a smaller bank specializing in Home Purchase and Refi loans. Traditions Bank has a high proportion of conventional loans. Their top markets by origination volume include: Cullman, Birmingham, Jasper, Huntsville, and Decatur among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)Traditions Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
242Origination Dollar Volume (All Markets)
$41,630,000Top 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 |
|---|---|---|---|---|---|
| Cullman, AL (FHA|USDA|VA) | 144 | $21,410,000 | $148,681 | $0 | 0.00% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 37 | $6,415,000 | $173,378 | $0 | 0.00% |
| Outside of Metro Areas | 15 | $5,105,000 | $340,333 | $0 | 0.00% |
| Jasper, AL (FHA|USDA|VA) | 9 | $2,845,000 | $316,111 | $0 | 0.00% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 9 | $2,265,000 | $251,667 | $0 | 0.00% |
| DECATUR, AL (FHA|USDA|VA) | 17 | $1,595,000 | $93,824 | $0 | 0.00% |
| Albertville, AL (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 0.00% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| Muskogee, OK (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 0.00% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| Lewisburg, TN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 242 | $41,630,000 | $172,025 | $0 | 0.00% |
For 2023, Traditions Bank's most frequently originated type of loan was Conventional, with 242 originations.
Loan Reason
For 2023, Traditions Bank's most frequently cited loan purpose was Home Purchase, with 140 originations. The 2nd most popular reason was Refi, with 68 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 242 | $41,630,000 | $172,025 | $0 | 0.00% |
For 2023, Traditions Bank's most frequently cited loan duration was Other, with 242 originations.
Loan Sizing
2023 saw Traditions Bank place emphasis on $100,000 or less loans with 100 originations, totaling $5,970,000 in origination value.
Applicant Income
Traditions Bank lent most frequently to those with incomes in the $100k-150k range, with 61 originations. The second most popular income band? $50k-75k, with 44 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 242 | $41,630,000 | $172,025 | $0 | 0.00% |
Traditions Bank lent most frequently to those with DTI ratios of Exempt%, with 242 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.80%
Traditions Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination98.35%
Traditions Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 242 | $41,630,000 | $172,025 |