Traditions First Bank Mortgage Rates, Fees & Info
Erin, TNLEI: 549300I58H1B8G6KOY91
Tax ID: 62-1820787
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Mortgage Data
Review & Overview
Traditions First Bank is a smaller bank specializing in Home Purchase loans. Traditions First Bank has a high proportion of conventional loans. Their top markets by origination volume include: Nashville, Clarksville, Sevierville, and Paris among others. We have data for 5 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 a below average pick rate when compared to similar lenders.
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Originations
123Origination Dollar Volume (All Markets)
$28,565,000Top 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 |
|---|---|---|---|---|---|
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 40 | $12,320,000 | $308,000 | $0 | 0.00% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 37 | $7,735,000 | $209,054 | $0 | 0.00% |
| Outside of Metro Areas | 42 | $6,260,000 | $149,048 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 2 | $1,860,000 | $930,000 | $0 | 0.00% |
| Paris, TN (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 123 | $28,565,000 | $232,236 | $0 | 0.00% |
For 2024, Traditions First Bank's most frequently originated type of loan was Conventional, with 123 originations.
Loan Reason
For 2024, Traditions First Bank's most frequently cited loan purpose was Home Purchase, with 65 originations. The 2nd most popular reason was Refi, with 33 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 123 | $28,565,000 | $232,236 | $0 | 0.00% |
For 2024, Traditions First Bank's most frequently cited loan duration was Other, with 123 originations.
Loan Sizing
2024 saw Traditions First Bank place emphasis on $100,000 or less loans with 40 originations, totaling $2,290,000 in origination value.
Applicant Income
Traditions First Bank lent most frequently to those with incomes in the $100k-150k range, with 24 originations. The second most popular income band? $150k-250k, with 20 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 123 | $28,565,000 | $232,236 | $0 | 0.00% |
Traditions First Bank lent most frequently to those with DTI ratios of Exempt%, with 123 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.56%
Traditions First Bank has an average approval rate.
Pick Rate
Approvals leading to origination86.99%
Traditions First Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 123 | $28,565,000 | $232,236 |