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 and Refi loans. Traditions First Bank has a high proportion of conventional loans. Their top markets by origination volume include: Clarksville, Nashville, Paris, and Daphne 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
116Origination Dollar Volume (All Markets)
$28,240,000Top 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 |
|---|---|---|---|---|---|
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 44 | $12,640,000 | $287,273 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 30 | $8,840,000 | $294,667 | $0 | 0.00% |
| Outside of Metro Areas | 40 | $5,760,000 | $144,000 | $0 | 0.00% |
| Paris, TN (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 116 | $28,240,000 | $243,448 | $0 | 0.00% |
For 2022, Traditions First Bank's most frequently originated type of loan was Conventional, with 116 originations.
Loan Reason
For 2022, Traditions First Bank's most frequently cited loan purpose was Home Purchase, with 64 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 | 116 | $28,240,000 | $243,448 | $0 | 0.00% |
For 2022, Traditions First Bank's most frequently cited loan duration was Other, with 116 originations.
Loan Sizing
2022 saw Traditions First Bank place emphasis on $200k-400k loans with 38 originations, totaling $10,100,000 in origination value.
Applicant Income
Traditions First Bank lent most frequently to those with incomes in the $50k or less range, with 26 originations. The second most popular income band? $100k-150k, with 22 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 116 | $28,240,000 | $243,448 | $0 | 0.00% |
Traditions First Bank lent most frequently to those with DTI ratios of Exempt%, with 116 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.97%
Traditions First Bank has an average approval rate.
Pick Rate
Approvals leading to origination78.45%
Traditions First Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 116 | $28,240,000 | $243,448 |