What loan types does Towne Bank offer?

Towne Bank offers the following mortgage loan types: FHA, Conventional, VA, Jumbo, usda. Each product has its own pricing score and performance metrics.

Where does Towne Bank offer mortgages?

Towne Bank offers mortgages in 19 states: AL, CO, DC, DE, FL, GA, IL, KY, LA, MD, MS, NC, OH, PA, SC, TN, TX, VA, WV.

How competitive are Towne Bank's mortgage rates?

Towne Bank has an overall pricing score of 36.7/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is Towne Bank?

Towne Bank is a Bank headquartered in Portsmouth, VA.

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Towne Bank

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We analyzed every closed loan from Towne Bank — 3.6k loans across 5k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.

Ratings· each scored 1–5 against peer lenders

Pricing

Acceptable

2/5

vs. all lenders

Pull-through

Exceptional

5/5

closing strength

Product

Exceptional

5/5

FHA · Conventional · VA · Jumbo · USDA

Place

Strong

4/5

Multi-Region · 23 mkts

Awards

Conventional

Superstar

FHA

Superstar

Purchase

Superstar

Refinance

Superstar

Summary

What They Do Well

Strong pull through performance
Particularly strong in Conventional and FHA and VA and Jumbo and USDA loans

Things to Think About

Pricing may be below industry average

Explore another lender or local market

Report Card

Towne Bank performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Acceptable

+19.9 bps above market avg

Pull Through

Closing strength

Exceptional

Top 20% of lenders

By Loan Product· Specialization by type

Conventional

Strong

Top 40% of lenders

FHA

Exceptional

Top 20% of lenders

Exceptional

Top 20% of lenders

Jumbo

Exceptional

Top 20% of lenders

USDA

Exceptional

Top 20% of lenders

By Loan Purpose· Transaction purpose mix

Purchase

Exceptional

Top 20% of lenders

Refinance

Strong

Top 40% of lenders

By Location· Geographic coverage

Geographic Reach

Multi-Regional · 24 markets

Strong

Top 40% of lenders

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Strong	Strong	Acceptable	Strong	2,207	61.6%	+0.249%Above	$3,137Fees
FHA Loans	Strong	Exceptional	Sound	Exceptional	730	20.4%	+0.352%Above	$2,758Fees
VA Loans	Strong	Exceptional	Sound	Exceptional	515	14.4%	-0.342%Below	$2,774Fees
Jumbo Loans	Sound	Exceptional	Acceptable	Strong	90	2.5%	+0.396%Above	$3,332Fees
USDA Loans	Exceptional	Exceptional	—	Exceptional	43	1.2%	+0.001%Above	$3,307Fees

Conventional

Overall

Strong

Product

Strong

Pricing

Acceptable

Pull Through

Strong

Volume2,207

Mix61.6%

Spread

+0.249%Above

Fees

$3,137Fees

FHA Loans

Overall

Strong

Product

Exceptional

Pricing

Sound

Pull Through

Exceptional

Volume730

Mix20.4%

Spread

+0.352%Above

Fees

$2,758Fees

VA Loans

Overall

Strong

Product

Exceptional

Pricing

Sound

Pull Through

Exceptional

Volume515

Mix14.4%

Spread

-0.342%Below

Fees

$2,774Fees

Jumbo Loans

Overall

Sound

Product

Exceptional

Pricing

Acceptable

Pull Through

Strong

Volume90

Mix2.5%

Spread

+0.396%Above

Fees

$3,332Fees

USDA Loans

Overall

Exceptional

Product

Exceptional

Pricing—

Pull Through

Exceptional

Volume43

Mix1.2%

Spread

+0.001%Above

Fees

$3,307Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Strong	Exceptional	Acceptable	Strong	3,320	92.6%	+0.206%Above	$3,011Fees
Refinance	Strong	Strong	Sound	Strong	265	7.4%	+0.130%Above	$3,141Fees

Purchase

Overall

Strong

Product

Exceptional

Pricing

Acceptable

Pull Through

Strong

Volume3,320

Mix92.6%

Spread

+0.206%Above

Fees

$3,011Fees

Refinance

Overall

Strong

Product

Strong

Pricing

Sound

Pull Through

Strong

Volume265

Mix7.4%

Spread

+0.130%Above

Fees

$3,141Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

3,585

Applications

4,619

Volume

$1 billion

Pricing & Closing

Avg Rate Spread

+0.199%

vs. market APOR

Avg Net Fees

$3,024

Origination − Credits

Pullthrough Rate

77.6%

Applications → Closed

Typical Borrower

Avg Loan Amount

$405,139

Avg Borrower Income

$162,268

Avg Property Value

$511,828

Geographic Coverage

Geographic Performance

Metro Areas

markets with activity

States Served

of 50 states + DC

Avg Place Specialization

Strong

4/5

States with Loan Originations

Northeast1

Midwest2

ILOH

South15

ALDCDEFLGAKYLAMDMSNCSCTNTXVAWV

West1

Top Metro Areas by Place Specialization Score

1© Preservation Maryland · CC BY-SA 2.0

Frederick, MDMetro

Volume 336Mix 9.37% of portfolio

93/100

Exceptional

2© Andrew Parlette from Elkridge,MD, US · CC BY 2.0

Baltimore, MDMetro

Volume 642Mix 17.91% of portfolio

88/100

Exceptional

3© Ad Meskens · CC BY-SA 3.0

Washington, DC, DC-MDMetro

Volume 304Mix 8.48% of portfolio

87/100

Exceptional

Virginia Beach, VA-NCMetro

Volume 450Mix 12.55% of portfolio

85/100

Exceptional

Greenville, NCMetro

Volume 76Mix 2.12% of portfolio

83/100

Exceptional

Richmond, VAMetro

Volume 249Mix 6.95% of portfolio

82/100

Exceptional

Wilmington, NCMetro

Volume 124Mix 3.46% of portfolio

79/100

Strong

Raleigh, NCMetro

Volume 208Mix 5.80% of portfolio

77/100

Strong

Lexington Park, MDMetro

Volume 108Mix 3.01% of portfolio

76/100

Strong

Charlotte, NC-SCMetro

Volume 175Mix 4.88% of portfolio

72/100

Strong

Showing 10 of 23 metro areas

Top States by Place Specialization Score

MarylandState

Volume 1,434Mix 40.00% of portfolio

91/100

Exceptional

VirginiaState

Volume 872Mix 24.32% of portfolio

86/100

Exceptional

North CarolinaState

Volume 904Mix 25.22% of portfolio

80/100

Strong

South CarolinaState

Volume 95Mix 2.65% of portfolio

61/100

Strong

Washington, DCState

Volume 33Mix 0.92% of portfolio

57/100

Sound

LouisianaState

Volume 48Mix 1.34% of portfolio

53/100

Sound

PennsylvaniaState

Volume 47Mix 1.31% of portfolio

50/100

Sound

FloridaState

Volume 50Mix 1.39% of portfolio

46/100

Sound

West VirginiaState

Volume 17Mix 0.47% of portfolio

45/100

Sound

DelawareState

Volume 17Mix 0.47% of portfolio

45/100

Sound

Showing 10 of 14 states

How We Rank Lenders

Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.

Our Point System (Max 30 Points)

10/ 30 pts

Pricing

Rate and fee competitiveness (33%)

10/ 30 pts

Pull Through

Reliability in closing loans (33%)

10/ 30 pts

Product

Specialization in the loan type (33%)

💎

Champion(80%+ = 24-30 points)

⭐

Superstar(60-79% = 18-23 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.

No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

HMDA 2024Built using publicly available originated loan data from the federal government.

Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.