Traditions First Bank Mortgage Rates, Fees & Info

Erin, TN

LEI: 549300I58H1B8G6KOY91

Tax ID: 62-1820787

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Traditions First Bank is a smaller bank specializing in Home Purchase and Refi loans. Traditions First Bank has a high proportion of conventional loans. Their top markets by origination volume include: Clarksville, Nashville, Sevierville, Paris, and Daphne among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Traditions First 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.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    119

    Origination Dollar Volume (All Markets)

    $27,615,000

    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
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 50 $13,320,000 $266,400 $0 0.00%
    Outside of Metro Areas 43 $6,855,000 $159,419 $0 0.00%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 23 $5,625,000 $244,565 $0 0.00%
    Sevierville, TN (FHA|USDA|VA) 1 $885,000 $885,000 $0 0.00%
    Paris, TN (FHA|USDA|VA) 1 $605,000 $605,000 $0 0.00%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $325,000 $325,000 $0 0.00%
    Traditions First Bank's top markets include Clarksville, Nashville, Sevierville, Paris, and Daphne among others.

    Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 119 $27,615,000 $232,059 $0 0.00%

    For 2023, Traditions First Bank's most frequently originated type of loan was Conventional, with 119 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 63 $19,735,000 $313,254 $0 0.00%
    Refi 41 $6,215,000 $151,585 $0 0.00%
    Other 10 $910,000 $91,000 $0 0.00%
    Home Improvement 5 $755,000 $151,000 $0 0.00%

    For 2023, Traditions First Bank's most frequently cited loan purpose was Home Purchase, with 63 originations. The 2nd most popular reason was Refi, with 41 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 119 $27,615,000 $232,059 $0 0.00%

    For 2023, Traditions First Bank's most frequently cited loan duration was Other, with 119 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 41 $6,255,000 $152,561 $0 0.00%
    $200k-400k 30 $8,910,000 $297,000 $0 0.00%
    $100,000 or less 29 $1,585,000 $54,655 $0 0.00%
    $400k-600k 12 $5,550,000 $462,500 $0 0.00%
    $600k-1MM 7 $5,315,000 $759,286 $0 0.00%

    2023 saw Traditions First Bank place emphasis on $100k-200k loans with 41 originations, totaling $6,255,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 35 $10,755,000 $307,286 $0 0.00%
    $100k-150k 20 $4,110,000 $205,500 $0 0.00%
    $150k-250k 18 $5,700,000 $316,667 $0 0.00%
    $50k or less 14 $1,090,000 $77,857 $0 0.00%
    $50k-75k 13 $1,145,000 $88,077 $0 0.00%
    $75k-100k 10 $1,900,000 $190,000 $0 0.00%

    Traditions First Bank lent most frequently to those with incomes in the $250k+ range, with 35 originations. The second most popular income band? $100k-150k, with 20 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 119 $27,615,000 $232,059 $0 0.00%

    Traditions First Bank lent most frequently to those with DTI ratios of Exempt%, with 119 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 107 $24,765,000 $231,449 $0 0.00%
    Not applicable 7 $2,035,000 $290,714 $0 0.00%
    Asian 1 $325,000 $325,000 $0 0.00%
    American Indian 1 $245,000 $245,000 $0 0.00%
    Black 3 $245,000 $81,667 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.42%

    Traditions First 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
    94.96%

    Traditions First Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 119 $27,615,000 $232,059

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    119 $27,615,000 $232,059