Tradition Capital Bank Mortgage Rates, Fees & Info
Edina, MNLEI: 254900J67JRUY8SSE075
Tax ID: 20-3063093
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Mortgage Data
Review & Overview
Tradition Capital Bank is a smaller bank specializing in Home Purchase loans. Tradition Capital Bank has a high proportion of conventional loans. Their top markets by origination volume include: Minneapolis, Phoenix, Naples, Santa Maria, and Brainerd among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Tradition Capital Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
60Origination Dollar Volume (All Markets)
$138,110,000Top 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 |
|---|---|---|---|---|---|
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 42 | $95,200,000 | $2,266,667 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 12 | $32,150,000 | $2,679,167 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $5,460,000 | $2,730,000 | $0 | 0.00% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $3,505,000 | $3,505,000 | $0 | 0.00% |
| Brainerd, MN (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $0 | 0.00% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 60 | $138,110,000 | $2,301,833 | $0 | 0.00% |
For 2023, Tradition Capital Bank's most frequently originated type of loan was Conventional, with 60 originations.
Loan Reason
For 2023, Tradition Capital Bank's most frequently cited loan purpose was Home Improvement, with 26 originations. The 2nd most popular reason was Home Purchase, with 22 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 60 | $138,110,000 | $2,301,833 | $0 | 0.00% |
For 2023, Tradition Capital Bank's most frequently cited loan duration was Other, with 60 originations.
Loan Sizing
2023 saw Tradition Capital Bank place emphasis on $100,000 or less loans with 31 originations, totaling $355,000 in origination value.
Applicant Income
Tradition Capital Bank lent most frequently to those with incomes in the $250k+ range, with 11 originations. The second most popular income band? $50k-75k, with 11 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 60 | $138,110,000 | $2,301,833 | $0 | 0.00% |
Tradition Capital Bank lent most frequently to those with DTI ratios of Exempt%, with 60 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.61%
Tradition Capital 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 origination86.67%
Tradition Capital Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 60 | $138,110,000 | $2,301,833 |