# Tradition Mortgage, LLC

> **Canonical URL:** https://saferate.com/lenders/tradition-mortgage


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Tradition Mortgage, LLC is a independent mortgage company, headquartered in Edina, MN, serving borrowers across 7 states, with 1,052 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 53% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 30% for loan approval success

## Overview

- **Institution Type:** Independent Mortgage Company
- **LEI (Legal Entity Identifier):** 5493007VDBJSG0E0S678
- **Headquarters:** Edina, MN
- **Geographic Reach:** Multi-Region
- **States Served:** 7
- **State List:** AZ, CO, FL, IA, MN, OH, WI
- **Markets (MSAs):** 5
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 92.1%
- **Brokered/Wholesale:** 7.9%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 47/100
- Rating: ●●●○○ (3/5)

### Pull Through: Strong 😀
- Score: 70/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.208%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $2,072
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 1,052
- **Dollar Volume:** $410 million
- **Applications Received:** 1,156
- **Market Share:** 3.00%

## Typical Borrower Profile

- **Average Loan Amount:** $389,648
- **Average Borrower Income:** $186,414
- **Average Property Value:** $559,829

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (63%)
- ⭐ **VA Gold Superstar** (70%)
- ⭐ **Purchase Gold Superstar** (63%)
- ⭐ **Refinance Gold Superstar** (70%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 68/100 | 960 | +0.215% | $2,077 | Strong 😀 |
| FHA | 57/100 | 35 | +0.505% | $2,177 | Sound ☺️ |
| VA | 67/100 | 43 | -0.200% | $2,198 | Strong 😀 |
| Jumbo | 64/100 | 14 | +0.433% | $349 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 786 loans, Score: 67/100 (Strong)
- Refinance: 174 loans, Score: 69/100 (Strong)

**FHA:**
- Purchase: 33 loans, Score: 57/100 (Sound)

**VA:**
- Purchase: 40 loans, Score: 67/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 67/100 | 868 | $334M | +0.198% | Strong 😀 |
| Refinance | 68/100 | 184 | $76M | +0.256% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| MN | 925 | 1.43% | 88/100 |
| WI | 98 | 0.15% | 64/100 |
| AZ | 13 | 0.01% | 40/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Minneapolis | MN-WI | 826 | 89/100 |
| Non |  | 160 | 58/100 |
| Phoenix | AZ | 13 | 40/100 |
| Duluth, MN | MN-WI | 10 | 41/100 |
| Eau Claire, WI | WI | 10 | 42/100 |

## Where This Lender Ranks

Tradition Mortgage, LLC appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥉 **#3** in Minneapolis Mortgage Companies
  - [View Full Rankings](https://saferate.com/minneapolis/best-mortgage-lenders/mortgage-companies)
- 🏆 **#4** in Minnesota Mortgage Companies
  - [View Full Rankings](https://saferate.com/minnesota/best-mortgage-lenders/mortgage-companies)
- 🏆 **#4** in Minneapolis for Conventional Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/minneapolis/best-mortgage-lenders/mortgage-companies/conventional-loans)
- 🏆 **#4** in Minneapolis for Jumbo Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/minneapolis/best-mortgage-lenders/mortgage-companies/jumbo-loans)
- 🏆 **#5** in Minnesota for Conventional Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/minnesota/best-mortgage-lenders/mortgage-companies/conventional-loans)
- 🏆 **#5** in Minnesota for Jumbo Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/minnesota/best-mortgage-lenders/mortgage-companies/jumbo-loans)
- 🏆 **#5** in Eau Claire, WI for Conventional Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/eau-claire-wi/best-mortgage-lenders/mortgage-companies/conventional-loans)
- 🏆 **#8** in Minneapolis for VA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/minneapolis/best-mortgage-lenders/mortgage-companies/va-loans)
- 🏆 **#8** in Duluth, MN for Conventional Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/duluth-mn/best-mortgage-lenders/mortgage-companies/conventional-loans)
- 🏆 **#9** in Minnesota for VA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/minnesota/best-mortgage-lenders/mortgage-companies/va-loans)
- 🏆 **#10** in Minneapolis for VA Loans
  - [View Full Rankings](https://saferate.com/minneapolis/best-mortgage-lenders/va-loans)
- 🏆 **#13** in Minnesota for VA Loans
  - [View Full Rankings](https://saferate.com/minnesota/best-mortgage-lenders/va-loans)
- 🏆 **#13** in Minneapolis
  - [View Full Rankings](https://saferate.com/minneapolis/best-mortgage-lenders)
- 🏆 **#14** in Minneapolis for Conventional Loans
  - [View Full Rankings](https://saferate.com/minneapolis/best-mortgage-lenders/conventional-loans)
- 🏆 **#14** in Minneapolis for FHA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/minneapolis/best-mortgage-lenders/mortgage-companies/fha-loans)
- 🏆 **#15** in Minneapolis for Jumbo Loans
  - [View Full Rankings](https://saferate.com/minneapolis/best-mortgage-lenders/jumbo-loans)
- 🏆 **#15** in Eau Claire, WI for Conventional Loans
  - [View Full Rankings](https://saferate.com/eau-claire-wi/best-mortgage-lenders/conventional-loans)
- 🏆 **#16** in Duluth, MN for Conventional Loans
  - [View Full Rankings](https://saferate.com/duluth-mn/best-mortgage-lenders/conventional-loans)
- 🏆 **#17** in Minnesota for FHA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/minnesota/best-mortgage-lenders/mortgage-companies/fha-loans)
- 🏆 **#18** in Minnesota for Jumbo Loans
  - [View Full Rankings](https://saferate.com/minnesota/best-mortgage-lenders/jumbo-loans)

## Frequently Asked Questions

### What loan types does Tradition Mortgage, LLC offer?

Tradition Mortgage, LLC offers the following mortgage loan types: FHA, Conventional, VA, Jumbo. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Tradition Mortgage, LLC offer mortgages?

Tradition Mortgage, LLC offers mortgages in 7 states: AZ, CO, FL, IA, MN, OH, WI.

### How competitive are Tradition Mortgage, LLC's mortgage rates?

Tradition Mortgage, LLC has a pricing score of 47/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.208% above market average.

### What type of lender is Tradition Mortgage, LLC?

Tradition Mortgage, LLC is a non-depository lender that specializes in mortgage origination, headquartered in Edina, MN.

### What is Tradition Mortgage, LLC's loan approval success rate?

Tradition Mortgage, LLC has a pull-through score of 70/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/tradition-mortgage

### How to Cite

> "Tradition Mortgage, LLC Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/tradition-mortgage

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**[View Interactive Profile →](https://saferate.com/lenders/tradition-mortgage)**