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, Brainerd, and Duluth among others. We have data for 18 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
124Origination Dollar Volume (All Markets)
$262,050,000Top 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) | 75 | $192,135,000 | $2,561,800 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 25 | $37,505,000 | $1,500,200 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $11,695,000 | $3,898,333 | $0 | 0.00% |
| Brainerd, MN (FHA|USDA|VA) | 1 | $3,845,000 | $3,845,000 | $0 | 0.00% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $2,845,000 | $2,845,000 | $0 | 0.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $2,805,000 | $2,805,000 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $2,310,000 | $577,500 | $0 | 0.00% |
| Alexandria, MN (FHA|USDA|VA) | 2 | $1,740,000 | $870,000 | $0 | 0.00% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $1,635,000 | $1,635,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $1,285,000 | $1,285,000 | $0 | 0.00% |
| BEND, OR (FHA|USDA|VA) | 2 | $1,220,000 | $610,000 | $0 | 0.00% |
| Prineville, OR (FHA|USDA|VA) | 1 | $785,000 | $785,000 | $0 | 0.00% |
| FARGO, ND-MN (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $0 | 0.00% |
| Rochelle, IL (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| Athens, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 124 | $262,050,000 | $2,113,306 | $0 | 0.00% |
For 2022, Tradition Capital Bank's most frequently originated type of loan was Conventional, with 124 originations.
Loan Reason
For 2022, Tradition Capital Bank's most frequently cited loan purpose was Home Purchase, with 78 originations. The 2nd most popular reason was Refi, with 35 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 124 | $262,050,000 | $2,113,306 | $0 | 0.00% |
For 2022, Tradition Capital Bank's most frequently cited loan duration was Other, with 124 originations.
Loan Sizing
2022 saw Tradition Capital Bank place emphasis on $1MM+ loans with 52 originations, totaling $227,910,000 in origination value.
Applicant Income
Tradition Capital Bank lent most frequently to those with incomes in the $250k+ range, with 53 originations. The second most popular income band? $150k-250k, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 124 | $262,050,000 | $2,113,306 | $0 | 0.00% |
Tradition Capital Bank lent most frequently to those with DTI ratios of Exempt%, with 124 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.23%
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 origination87.10%
Tradition Capital Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 124 | $262,050,000 | $2,113,306 |