Tradition Capital Bank Mortgage Rates, Fees & Info

Edina, MN

LEI: 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

60

Origination Dollar Volume (All Markets)

$138,110,000

Top 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%
Tradition Capital Bank's top markets include Minneapolis, Phoenix, Naples, Santa Maria, and Brainerd among others.

Their top states include:
  • Minnesota (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 26 $130,000 $5,000 $0 0.00%
    Home Purchase 22 $122,720,000 $5,578,182 $0 0.00%
    Refi 9 $13,895,000 $1,543,889 $0 0.00%
    Other 3 $1,365,000 $455,000 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 31 $355,000 $11,452 $0 0.00%
    $1MM+ 20 $133,300,000 $6,665,000 $0 0.00%
    $200k-400k 4 $1,120,000 $280,000 $0 0.00%
    $600k-1MM 3 $2,155,000 $718,333 $0 0.00%
    $400k-600k 2 $1,180,000 $590,000 $0 0.00%

    2023 saw Tradition Capital Bank place emphasis on $100,000 or less loans with 31 originations, totaling $355,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 11 $9,805,000 $891,364 $0 0.00%
    $50k-75k 11 $55,000 $5,000 $0 0.00%
    $75k-100k 11 $55,000 $5,000 $0 0.00%
    $50k or less 4 $20,000 $5,000 $0 0.00%
    $100k-150k 3 $1,675,000 $558,333 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 18 $124,490,000 $6,916,111 $0 0.00%
    White 35 $11,085,000 $316,714 $0 0.00%
    Not provided 5 $2,525,000 $505,000 $0 0.00%
    Black 2 $10,000 $5,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.61%

    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 origination
    86.67%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    60 $138,110,000 $2,301,833