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 score and performance metrics.

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 an overall pricing score of 39.9/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is Towne Mortgage Company?

Towne Mortgage Company is a Independent Mortgage Company headquartered in PLYMOUTH, MI.

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Towne Mortgage Company

Independent Mortgage Company•Plymouth, MIHQ•Wholesale•Reviews near you on Google

We analyzed every closed loan from Towne Mortgage Company — 5.7k loans across 7k 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

Strong

4/5

closing strength

Product

Exceptional

5/5

FHA · Conventional · VA · USDA

Place

Strong

4/5

National · 49 mkts

Awards

Conventional

Superstar

FHA

Superstar

USDA

Superstar

Purchase

Superstar

Refinance

Superstar

Summary

What They Do Well

Strong pull through performance
Particularly strong in Conventional and FHA and VA and USDA loans
Nationwide availability with consistent service

Things to Think About

Pricing may be below industry average

Explore another lender or local market

Report Card

Towne Mortgage Company performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Acceptable

+40.3 bps above market avg

Pull Through

Closing strength

Strong

Top 40% of lenders

By Loan Product· Specialization by type

Conventional

Exceptional

Top 20% of lenders

FHA

Exceptional

Top 20% of lenders

Exceptional

Top 20% of lenders

USDA

Exceptional

Top 10% of lenders

By Loan Purpose· Transaction purpose mix

Purchase

Exceptional

Top 20% of lenders

Refinance

Exceptional

Top 20% of lenders

By Location· Geographic coverage

Geographic Reach

National · 50 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	Exceptional	Acceptable	Strong	2,823	49.2%	+0.406%Above	$2,172Fees
FHA Loans	Strong	Exceptional	Sound	Exceptional	2,093	36.5%	+0.569%Above	$2,740Fees
VA Loans	Strong	Exceptional	Sound	Exceptional	613	10.7%	-0.213%Below	$2,451Fees
USDA Loans	Strong	Exceptional	Sound	Strong	205	3.6%	+0.285%Above	$2,107Fees

Conventional

Overall

Strong

Product

Exceptional

Pricing

Acceptable

Pull Through

Strong

Volume2,823

Mix49.2%

Spread

+0.406%Above

Fees

$2,172Fees

FHA Loans

Overall

Strong

Product

Exceptional

Pricing

Sound

Pull Through

Exceptional

Volume2,093

Mix36.5%

Spread

+0.569%Above

Fees

$2,740Fees

VA Loans

Overall

Strong

Product

Exceptional

Pricing

Sound

Pull Through

Exceptional

Volume613

Mix10.7%

Spread

-0.213%Below

Fees

$2,451Fees

USDA Loans

Overall

Strong

Product

Exceptional

Pricing

Sound

Pull Through

Strong

Volume205

Mix3.6%

Spread

+0.285%Above

Fees

$2,107Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Strong	Exceptional	Sound	Strong	4,818	84.0%	+0.410%Above	$2,334Fees
Refinance	Strong	Exceptional	Acceptable	Strong	921	16.0%	+0.370%Above	$2,691Fees

Purchase

Overall

Strong

Product

Exceptional

Pricing

Sound

Pull Through

Strong

Volume4,818

Mix84.0%

Spread

+0.410%Above

Fees

$2,334Fees

Refinance

Overall

Strong

Product

Exceptional

Pricing

Acceptable

Pull Through

Strong

Volume921

Mix16.0%

Spread

+0.370%Above

Fees

$2,691Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

5,739

Applications

7,370

Volume

$1 billion

Pricing & Closing

Avg Rate Spread

+0.403%

vs. market APOR

Avg Net Fees

$2,393

Origination − Credits

Pullthrough Rate

77.9%

Applications → Closed

Typical Borrower

Avg Loan Amount

$295,995

Avg Borrower Income

$116,743

Avg Property Value

$363,339

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

Northeast6

CTMANHNJPARI

Midwest12

IAILINKSMIMNMONDNEOHSDWI

South17

ALARDCDEFLGAKYLAMDMSNCOKSCTNTXVAWV

West9

AZCACOMTNVORUTWAWY

Top Metro Areas by Place Specialization Score

1© Prestinian at en.wikipedia · Public domain

Gadsden, ALMetro

Volume 95Mix 1.66% of portfolio

100/100

Exceptional

2© John Picken · CC BY 2.0

Chicago, ILMetro

Volume 734Mix 12.79% of portfolio

83/100

Exceptional

3© Richie Diesterheft from Chicago, IL, USA · CC BY 2.0

Lake County, ILMetro

Volume 114Mix 1.99% of portfolio

80/100

Strong

4© James Willamor · CC BY-SA 2.0

Mobile, ALMetro

Volume 96Mix 1.67% of portfolio

79/100

Strong

Florence, ALMetro

Volume 58Mix 1.01% of portfolio

70/100

Strong

Alexandria, LAMetro

Volume 66Mix 1.15% of portfolio

70/100

Strong

Houston, TXMetro

Volume 237Mix 4.13% of portfolio

69/100

Strong

Fort Worth, TXMetro

Volume 136Mix 2.37% of portfolio

69/100

Strong

Gulfport, MSMetro

Volume 65Mix 1.13% of portfolio

69/100

Strong

Dothan, ALMetro

Volume 35Mix 0.61% of portfolio

69/100

Strong

Showing 10 of 49 metro areas

Top States by Place Specialization Score

AlabamaState

Volume 556Mix 9.69% of portfolio

84/100

Exceptional

IllinoisState

Volume 977Mix 17.02% of portfolio

84/100

Exceptional

TexasState

Volume 701Mix 12.21% of portfolio

74/100

Strong

GeorgiaState

Volume 360Mix 6.27% of portfolio

71/100

Strong

ColoradoState

Volume 317Mix 5.52% of portfolio

71/100

Strong

FloridaState

Volume 522Mix 9.10% of portfolio

69/100

Strong

MichiganState

Volume 311Mix 5.42% of portfolio

69/100

Strong

LouisianaState

Volume 172Mix 3.00% of portfolio

67/100

Strong

MississippiState

Volume 135Mix 2.35% of portfolio

67/100

Strong

South CarolinaState

Volume 154Mix 2.68% of portfolio

66/100

Strong

Showing 10 of 34 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.