# Towne Mortgage, LLC

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


> **📋 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, LLC is a independent mortgage company, headquartered in SUFFOLK, VA, serving borrowers across 2 states, with 402 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 82% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 26% for loan approval success

## Overview

- **Institution Type:** Independent Mortgage Company
- **LEI (Legal Entity Identifier):** 549300RDO3TWTFEYC795
- **Headquarters:** SUFFOLK, VA
- **Geographic Reach:** Regional
- **States Served:** 2
- **State List:** NC, VA
- **Markets (MSAs):** 4
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Mediocre 😐
- Score: 18/100
- Rating: ●○○○○ (1/5)

### Pull Through: Strong 😀
- Score: 74/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.222%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $4,269
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 402
- **Dollar Volume:** $144 million
- **Applications Received:** 498
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $358,433
- **Average Borrower Income:** $140,968
- **Average Property Value:** $431,766

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 53/100 | 210 | +0.326% | $4,330 | Sound ☺️ |
| FHA | 63/100 | 61 | +0.442% | $3,780 | Strong 😀 |
| VA | 72/100 | 125 | -0.184% | $4,265 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 200 loans, Score: 54/100 (Sound)

**FHA:**
- Purchase: 59 loans, Score: 63/100 (Strong)

**VA:**
- Purchase: 125 loans, Score: 72/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 59/100 | 390 | $140M | +0.217% | Sound ☺️ |
| Refinance | 22/100 | 12 | $4M | +0.355% | Acceptable 🙂 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| VA | 363 | 0.34% | 83/100 |
| NC | 39 | 0.03% | 52/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Virginia Beach | VA-NC | 333 | 87/100 |
| Non |  | 36 | 39/100 |
| Charlottesville, VA | VA | 14 | 50/100 |
| Richmond, VA | VA | 10 | 42/100 |

## Frequently Asked Questions

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

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

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

Towne Mortgage, LLC offers mortgages in 2 states: NC, VA.

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

Towne Mortgage, LLC has a pricing score of 18/100 (Mediocre), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.222% above market average.

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

Towne Mortgage, LLC is a non-depository lender that specializes in mortgage origination, headquartered in SUFFOLK, VA.

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

Towne Mortgage, LLC has a pull-through score of 74/100 (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-va

### How to Cite

> "Towne Mortgage, LLC Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/towne-mortgage-va

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