# TOWNE MORTGAGE COMPANY

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


> **📋 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


TOWNE MORTGAGE COMPANY is a independent mortgage company, headquartered in PLYMOUTH, MI, serving borrowers nationwide, with 5,739 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 60% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 21% for loan approval success

## Overview

- **Institution Type:** Independent Mortgage Company
- **LEI (Legal Entity Identifier):** 549300R7HGHP2I754087
- **Headquarters:** PLYMOUTH, MI
- **Geographic Reach:** National
- **States Served:** 44
- **State List:** AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, IA, IL, IN, KS, KY, LA, MA, MD, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NV, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, WA, WI, WV, WY
- **Markets (MSAs):** 50
- **Primary Channel:** wholesale
- **Direct Origination:** 11.2%
- **Brokered/Wholesale:** 88.8%

## Safe Rate Ratings

### Pricing: Acceptable 🙂
- Score: 40/100
- Rating: ●●○○○ (2/5)

### Pull Through: Strong 😀
- Score: 79/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.403%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $2,393
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 5,739
- **Dollar Volume:** $1.7 billion
- **Applications Received:** 7,370
- **Market Share:** 16.00%

## Typical Borrower Profile

- **Average Loan Amount:** $295,995
- **Average Borrower Income:** $116,743
- **Average Property Value:** $363,339

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (62%)
- ⭐ **FHA Gold Superstar** (76%)
- ⭐ **VA Gold Superstar** (76%)
- ⭐ **USDA Gold Superstar** (70%)
- ⭐ **Purchase Gold Superstar** (70%)
- ⭐ **Refinance Gold Superstar** (62%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 81/100 | 2,823 | +0.406% | $2,172 | Exceptional 🤩 |
| FHA | 88/100 | 2,093 | +0.569% | $2,740 | Exceptional 🤩 |
| VA | 84/100 | 613 | -0.213% | $2,451 | Exceptional 🤩 |
| USDA | 91/100 | 205 | +0.285% | $2,107 | Exceptional 🤩 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 2,258 loans, Score: 81/100 (Exceptional)
- Refinance: 565 loans, Score: 80/100 (Strong)

**FHA:**
- Purchase: 1,817 loans, Score: 87/100 (Exceptional)
- Refinance: 276 loans, Score: 82/100 (Exceptional)

**VA:**
- Purchase: 535 loans, Score: 84/100 (Exceptional)
- Refinance: 78 loans, Score: 80/100 (Exceptional)

**USDA:**
- Purchase: 204 loans, Score: 91/100 (Exceptional)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 86/100 | 4,818 | $1.4B | +0.410% | Exceptional 🤩 |
| Refinance | 81/100 | 921 | $253M | +0.370% | Exceptional 🤩 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| IL | 977 | 0.78% | 84/100 |
| TX | 701 | 0.20% | 74/100 |
| AL | 556 | 0.93% | 84/100 |
| FL | 522 | 0.18% | 69/100 |
| GA | 360 | 0.26% | 71/100 |
| CO | 317 | 0.38% | 71/100 |
| MI | 311 | 0.27% | 69/100 |
| PA | 198 | 0.16% | 65/100 |
| LA | 172 | 0.49% | 67/100 |
| SC | 154 | 0.19% | 66/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 906 | 75/100 |
| Chicago | IL | 734 | 83/100 |
| Houston | TX | 237 | 69/100 |
| Denver | CO | 182 | 68/100 |
| Fort Worth | TX | 136 | 69/100 |
| Dallas | TX | 120 | 62/100 |
| Lake County, IL | IL | 114 | 80/100 |
| Mobile, AL | AL | 96 | 79/100 |
| Gadsden, AL | AL | 95 | 100/100 |
| Pittsburgh, PA | PA | 90 | 65/100 |
| Phoenix | AZ | 71 | 55/100 |
| Alexandria, LA | LA | 66 | 70/100 |
| Gulfport | MS | 65 | 69/100 |
| Elgin, IL | IL | 64 | 67/100 |
| Jacksonville, FL | FL | 62 | 59/100 |

## Where This Lender Ranks

TOWNE MORTGAGE COMPANY appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Gadsden, AL for FHA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/gadsden-al/best-mortgage-lenders/mortgage-companies/fha-loans)
- 🥇 **#1** in Gadsden, AL for VA Loans
  - [View Full Rankings](https://saferate.com/gadsden-al/best-mortgage-lenders/va-loans)
- 🥇 **#1** in Gadsden, AL for VA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/gadsden-al/best-mortgage-lenders/mortgage-companies/va-loans)
- 🥇 **#1** in Gadsden, AL for USDA Loans
  - [View Full Rankings](https://saferate.com/gadsden-al/best-mortgage-lenders/usda-loans)
- 🥇 **#1** in Gadsden, AL for USDA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/gadsden-al/best-mortgage-lenders/mortgage-companies/usda-loans)
- 🥇 **#1** in Florence for FHA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/florence/best-mortgage-lenders/mortgage-companies/fha-loans)
- 🥇 **#1** in Florence for USDA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/florence/best-mortgage-lenders/mortgage-companies/usda-loans)
- 🥈 **#2** in Chicago for FHA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/chicago/best-mortgage-lenders/mortgage-companies/fha-loans)
- 🥈 **#2** in Mobile, AL for USDA Loans
  - [View Full Rankings](https://saferate.com/mobile-al/best-mortgage-lenders/usda-loans)
- 🥈 **#2** in Mobile, AL for USDA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/mobile-al/best-mortgage-lenders/mortgage-companies/usda-loans)
- 🥈 **#2** in Gadsden, AL for FHA Loans
  - [View Full Rankings](https://saferate.com/gadsden-al/best-mortgage-lenders/fha-loans)
- 🥈 **#2** in Alexandria, LA for USDA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/alexandria-la/best-mortgage-lenders/mortgage-companies/usda-loans)
- 🥈 **#2** in Florence for USDA Loans
  - [View Full Rankings](https://saferate.com/florence/best-mortgage-lenders/usda-loans)
- 🥈 **#2** in Muskegon for FHA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/muskegon/best-mortgage-lenders/mortgage-companies/fha-loans)
- 🥈 **#2** in Flint, MI for FHA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/flint-mi/best-mortgage-lenders/mortgage-companies/fha-loans)
- 🥈 **#2** in Flint, MI for VA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/flint-mi/best-mortgage-lenders/mortgage-companies/va-loans)
- 🥈 **#2** in Jackson, MI for FHA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/jackson-mi/best-mortgage-lenders/mortgage-companies/fha-loans)
- 🥉 **#3** in Illinois for FHA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/illinois/best-mortgage-lenders/mortgage-companies/fha-loans)
- 🥉 **#3** in Gadsden, AL for Conventional Loans
  - [View Full Rankings](https://saferate.com/gadsden-al/best-mortgage-lenders/conventional-loans)
- 🥉 **#3** in Gadsden, AL for Conventional Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/gadsden-al/best-mortgage-lenders/mortgage-companies/conventional-loans)

## Frequently Asked Questions

### What loan types does TOWNE MORTGAGE COMPANY offer?

TOWNE MORTGAGE COMPANY offers the following mortgage loan types: FHA, Conventional, VA, USDA. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does TOWNE MORTGAGE COMPANY offer mortgages?

TOWNE MORTGAGE COMPANY is a national lender offering mortgages in all 50 states plus Washington D.C.

### How competitive are TOWNE MORTGAGE COMPANY's mortgage rates?

TOWNE MORTGAGE COMPANY has a pricing score of 40/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.403% above market average.

### What type of lender is TOWNE MORTGAGE COMPANY?

TOWNE MORTGAGE COMPANY is a non-depository lender that specializes in mortgage origination, headquartered in PLYMOUTH, MI.

### What is TOWNE MORTGAGE COMPANY's loan approval success rate?

TOWNE MORTGAGE COMPANY has a pull-through score of 79/100 (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/towne-mortgage-mi

### How to Cite

> "TOWNE MORTGAGE COMPANY Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/towne-mortgage-mi

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