# Towne First Mortgage, LLC

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

Towne First Mortgage, LLC is a independent mortgage company, headquartered in SUFFOLK, VA, serving borrowers across 2 states, with 342 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 67% 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):** 549300XWC8ZG8WYKWG35
- **Headquarters:** SUFFOLK, VA
- **Geographic Reach:** Regional
- **States Served:** 2
- **State List:** NC, VA
- **Markets (MSAs):** 3
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Acceptable 🙂
- Score: 33/100
- Rating: ●●○○○ (2/5)

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

### Pricing Details
- **Average Rate Spread:** +0.347%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $2,346
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 342
- **Dollar Volume:** $135 million
- **Applications Received:** 405
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $394,795
- **Average Borrower Income:** $153,746

## Safe Rate Awards 🏆

- ⭐ **FHA Gold Superstar** (63%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 56/100 | 245 | +0.397% | $2,305 | Sound ☺️ |
| FHA | 62/100 | 57 | +0.410% | $2,667 | Strong 😀 |
| VA | 65/100 | 35 | -0.264% | $2,113 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 241 loans, Score: 58/100 (Sound)

**FHA:**
- Purchase: 54 loans, Score: 62/100 (Strong)

**VA:**
- Purchase: 35 loans, Score: 65/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 61/100 | 335 | $133M | +0.348% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| VA | 341 | 0.32% | 83/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Richmond, VA | VA | 244 | 88/100 |
| Charlottesville, VA | VA | 49 | 75/100 |
| Non |  | 35 | 39/100 |

## Frequently Asked Questions

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

Towne First 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 First Mortgage, LLC offer mortgages?

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

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

Towne First Mortgage, LLC has a pricing score of 33/100 (Acceptable), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.347% above market average.

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

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

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

Towne First 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:** 2026-05-29
**Canonical URL:** https://saferate.com/lenders/towne-first-mortgage

### How to Cite

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

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