Towne Mortgage Company Rates, Fees & Info

PLYMOUTH, MI

LEI: 549300R7HGHP2I754087

Tax ID: 38-2434249

4.1 stars - out of 5 stars, based on 87 reviews

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Towne Mortgage Company is a small mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. Towne Mortgage Company has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: New York, Philadelphia, Phoenix, San Francisco, and Miami among others. We have data for 354 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Towne Mortgage Company has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Towne Mortgage Company is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    30 Year Conventional Purchase 7.01% 12/4/22
    30 Year Conventional Refi 6.80% 12/4/22
    30 Year Cash-out Refi 6.99% 12/4/22
    30 Year FHA Purchase 7.96% 12/4/22
    30 Year FHA Refi 7.62% 12/4/22
    30 Year VA Purchase 6.78% 12/4/22
    30 Year VA Refi 6.53% 12/4/22
    30 Year USDA Purchase 7.33% 12/4/22
    30 Year USDA Refi 7.28% 12/4/22
    15 Year Conventional Purchase 6.09% 12/4/22
    15 Year Conventional Refi 6.09% 12/4/22
    15 Year Cash-out Refi 6.09% 12/4/22
    15 Year FHA Purchase 7.92% 12/4/22
    15 Year FHA Refi 7.35% 12/4/22
    15 Year VA Purchase 6.60% 12/4/22
    15 Year VA Refi 6.32% 12/4/22
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.


    Originations

    7,597

    Origination Dollar Volume (All Markets)

    $1,915,195,000
    Show all (27) awards

    Relative Rate

    Towne Mortgage Company's average 30 year fixed mortgage rate was 3.15%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0%.

    Relative Fees (Closing Costs)

    Towne Mortgage Company's average total fees/closing costs for a 30 year fixed rate mortgage were $5,675.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 284 $113,110,000 $398,275 $9,119 2.76%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 320 $103,200,000 $322,500 $8,740 2.78%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 291 $103,055,000 $354,141 $4,289 2.92%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 206 $96,470,000 $468,301 $3,093 2.71%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 350 $94,090,000 $268,829 $5,116 3.12%
    Outside of Metro Areas 518 $87,650,000 $169,208 $4,968 3.21%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 157 $73,915,000 $470,796 $2,576 2.71%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 258 $70,040,000 $271,473 $6,414 3.01%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 344 $66,050,000 $192,006 $4,664 3.06%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 202 $62,760,000 $310,693 $4,626 2.96%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 143 $56,795,000 $397,168 $3,504 2.88%
    MUSKEGON, MI (FHA|USDA|VA) 327 $48,125,000 $147,171 $3,129 3.14%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 164 $40,500,000 $246,951 $6,486 3.01%
    COLUMBIA, SC (FHA|USDA|VA) 179 $35,185,000 $196,564 $4,687 3.00%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 122 $31,300,000 $256,557 $8,049 3.16%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 62 $31,170,000 $502,742 $5,054 2.96%
    JACKSONVILLE, FL (FHA|USDA|VA) 124 $29,720,000 $239,677 $4,786 3.06%
    PITTSBURGH, PA (FHA|USDA|VA) 116 $25,750,000 $221,983 $6,765 2.86%
    FLINT, MI (FHA|USDA|VA) 153 $25,365,000 $165,784 $4,884 2.99%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 128 $24,940,000 $194,844 $3,403 3.16%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 68 $24,070,000 $353,971 $4,300 3.00%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 101 $23,115,000 $228,861 $5,918 3.22%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 90 $22,070,000 $245,222 $5,956 3.12%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 73 $21,695,000 $297,192 $5,476 3.00%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 98 $17,380,000 $177,347 $3,419 3.19%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 70 $16,010,000 $228,714 $4,780 2.96%
    GREEN BAY, WI (FHA|USDA|VA) 95 $15,825,000 $166,579 $3,319 3.30%
    Owatonna, MN (FHA|USDA|VA) 87 $15,715,000 $180,632 $4,525 2.64%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 41 $14,405,000 $351,341 $9,290 2.78%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 43 $12,125,000 $281,977 $7,345 2.51%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 41 $11,575,000 $282,317 $4,978 3.21%
    APPLETON, WI (FHA|USDA|VA) 62 $11,380,000 $183,548 $4,102 3.32%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 50 $11,270,000 $225,400 $5,367 3.07%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 53 $10,645,000 $200,849 $5,567 3.18%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 22 $10,230,000 $465,000 $7,540 2.82%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 22 $9,330,000 $424,091 $5,125 2.72%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 33 $9,185,000 $278,333 $6,645 2.99%
    Faribault-Northfield, MN (FHA|USDA|VA) 44 $8,650,000 $196,591 $4,790 2.76%
    SHEBOYGAN, WI (FHA|USDA|VA) 57 $8,595,000 $150,789 $3,940 3.45%
    TUCSON, AZ (FHA|USDA|VA) 26 $8,250,000 $317,308 $5,195 2.83%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 34 $7,800,000 $229,412 $5,271 3.29%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 21 $7,585,000 $361,190 $8,432 2.82%
    ROANOKE, VA (FHA|USDA|VA) 32 $7,340,000 $229,375 $4,526 3.03%
    Meridian, MS (FHA|USDA|VA) 45 $7,115,000 $158,111 $5,101 2.83%
    STOCKTON, CA (FHA|USDA|VA) 18 $7,090,000 $393,889 $3,912 2.94%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 32 $6,600,000 $206,250 $4,795 2.93%
    JOPLIN, MO (FHA|USDA|VA) 55 $6,585,000 $119,727 $4,255 3.40%
    RICHMOND, VA (FHA|USDA|VA) 28 $6,280,000 $224,286 $4,913 3.03%
    GREELEY, CO (FHA|USDA|VA) 18 $6,260,000 $347,778 $3,856 3.09%
    TALLAHASSEE, FL (FHA|USDA|VA) 34 $6,130,000 $180,294 $4,528 3.30%
    BOULDER, CO (FHA|USDA|VA) 16 $6,110,000 $381,875 $2,479 2.61%
    RALEIGH-CARY, NC (FHA|USDA|VA) 20 $6,050,000 $302,500 $3,622 2.70%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 20 $5,960,000 $298,000 $7,735 3.04%
    Stevens Point, WI (FHA|USDA|VA) 25 $5,925,000 $237,000 $2,476 2.98%
    Tifton, GA (FHA|USDA|VA) 29 $5,675,000 $195,690 $6,171 2.97%
    WARNER ROBINS, GA (FHA|USDA|VA) 27 $5,665,000 $209,815 $3,972 3.17%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 16 $5,240,000 $327,500 $7,905 3.04%
    FORT COLLINS, CO (FHA|USDA|VA) 16 $5,140,000 $321,250 $3,726 2.93%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 35 $5,015,000 $143,286 $4,312 3.38%
    DULUTH, MN-WI (FHA|USDA|VA) 31 $4,965,000 $160,161 $4,331 3.20%
    SALINAS, CA (FHA|USDA|VA) 11 $4,945,000 $449,545 $4,216 2.76%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 28 $4,820,000 $172,143 $3,109 3.10%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 14 $4,740,000 $338,571 $7,153 2.95%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 14 $4,730,000 $337,857 $11,327 3.09%
    SPARTANBURG, SC (FHA|USDA|VA) 22 $4,450,000 $202,273 $6,247 3.11%
    ASHEVILLE, NC (FHA|USDA|VA) 13 $4,345,000 $334,231 $8,843 3.21%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 20 $4,240,000 $212,000 $6,071 3.37%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 15 $4,145,000 $276,333 $5,792 3.14%
    VALLEJO, CA (FHA|USDA|VA) 10 $4,000,000 $400,000 $2,519 2.95%
    Mount Airy, NC (FHA|USDA|VA) 27 $3,875,000 $143,519 $5,600 3.01%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 14 $3,660,000 $261,429 $5,258 3.26%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 24 $3,490,000 $145,417 $4,269 3.38%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 6 $3,470,000 $578,333 $19,491 3.06%
    WINSTON-SALEM, NC (FHA|USDA|VA) 21 $3,385,000 $161,190 $6,376 3.23%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 10 $3,300,000 $330,000 $9,171 2.81%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 10 $3,190,000 $319,000 $4,706 2.74%
    SAVANNAH, GA (FHA|USDA|VA) 15 $3,185,000 $212,333 $6,007 3.31%
    FAYETTEVILLE, NC (FHA|USDA|VA) 11 $3,175,000 $288,636 $6,691 2.78%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 16 $3,160,000 $197,500 $5,392 2.97%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 8 $3,150,000 $393,750 $11,540 3.00%
    Columbus, MS (FHA|USDA|VA) 19 $3,135,000 $165,000 $6,300 3.30%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 11 $3,085,000 $280,455 $10,322 2.99%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 12 $3,020,000 $251,667 $8,301 3.32%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 16 $3,020,000 $188,750 $4,591 3.10%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 15 $2,955,000 $197,000 $5,487 3.15%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 12 $2,920,000 $243,333 $5,530 3.42%
    OCEAN CITY, NJ (FHA|USDA|VA) 7 $2,895,000 $413,571 $8,428 2.61%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 10 $2,770,000 $277,000 $7,300 2.98%
    GAINESVILLE, FL (FHA|USDA|VA) 12 $2,660,000 $221,667 $6,234 3.18%
    Manitowoc, WI (FHA|USDA|VA) 16 $2,610,000 $163,125 $3,420 3.30%
    FOND DU LAC, WI (FHA|USDA|VA) 16 $2,560,000 $160,000 $4,099 3.43%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 14 $2,500,000 $178,571 $3,427 2.69%
    JACKSON, MI (FHA|USDA|VA) 14 $2,450,000 $175,000 $4,111 3.27%
    Boone, NC (FHA|USDA|VA) 8 $2,440,000 $305,000 $4,121 2.89%
    Mount Pleasant, MI (FHA|USDA|VA) 16 $2,400,000 $150,000 $5,509 3.33%
    LAFAYETTE, LA (FHA|USDA|VA) 15 $2,395,000 $159,667 $5,211 3.07%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 6 $2,390,000 $398,333 $4,914 2.90%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 13 $2,325,000 $178,846 $6,345 3.52%
    ROCHESTER, MN (FHA|USDA|VA) 11 $2,275,000 $206,818 $3,931 2.82%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 14 $2,260,000 $161,429 $5,269 3.44%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 14 $2,260,000 $161,429 $3,534 3.21%
    Bluefield, WV-VA (FHA|USDA|VA) 21 $2,245,000 $106,905 $4,292 2.99%
    Seneca, SC (FHA|USDA|VA) 6 $2,170,000 $361,667 $8,314 2.92%
    MONROE, MI (FHA|USDA|VA) 16 $2,160,000 $135,000 $3,937 3.12%
    Brainerd, MN (FHA|USDA|VA) 14 $2,130,000 $152,143 $4,141 3.02%
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 12 $2,070,000 $172,500 $5,101 3.22%
    Miami, OK (FHA|USDA|VA) 16 $2,060,000 $128,750 $5,521 3.67%
    LYNCHBURG, VA (FHA|USDA|VA) 9 $2,055,000 $228,333 $5,395 2.79%
    Findlay, OH (FHA|USDA|VA) 11 $2,035,000 $185,000 $8,078 3.19%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 11 $1,995,000 $181,364 $3,838 3.18%
    KNOXVILLE, TN (FHA|USDA|VA) 13 $1,985,000 $152,692 $4,977 3.64%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 8 $1,960,000 $245,000 $6,898 3.00%
    Newberry, SC (FHA|USDA|VA) 12 $1,870,000 $155,833 $5,296 3.47%
    Key West, FL (FHA|USDA|VA) 5 $1,795,000 $359,000 $10,864 2.68%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 6 $1,750,000 $291,667 $8,577 3.08%
    STAUNTON, VA (FHA|USDA|VA) 6 $1,740,000 $290,000 $4,028 3.06%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 4 $1,710,000 $427,500 $8,280 2.84%
    BRUNSWICK, GA (FHA|USDA|VA) 13 $1,705,000 $131,154 $5,053 3.16%
    COLUMBUS, OH (FHA|USDA|VA) 10 $1,680,000 $168,000 $6,064 3.32%
    Douglas, GA (FHA|USDA|VA) 12 $1,660,000 $138,333 $5,832 3.58%
    Worthington, MN (FHA|USDA|VA) 7 $1,615,000 $230,714 $6,335 3.23%
    Marinette, WI-MI (FHA|USDA|VA) 12 $1,600,000 $133,333 $3,818 3.54%
    Shawano, WI (FHA|USDA|VA) 11 $1,595,000 $145,000 $3,024 3.35%
    BECKLEY, WV (FHA|USDA|VA) 10 $1,590,000 $159,000 $5,115 2.89%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 5 $1,585,000 $317,000 $7,474 3.05%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 7 $1,575,000 $225,000 $4,843 2.89%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 11 $1,565,000 $142,273 $3,149 3.29%
    Shelby, NC (FHA|USDA|VA) 6 $1,540,000 $256,667 $9,253 2.83%
    MADISON, WI (FHA|USDA|VA) 6 $1,480,000 $246,667 $6,315 3.04%
    Kalispell, MT (FHA|USDA|VA) 6 $1,450,000 $241,667 $5,103 3.75%
    LANCASTER, PA (FHA|USDA|VA) 5 $1,425,000 $285,000 $7,748 2.53%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 9 $1,415,000 $157,222 $5,607 3.11%
    Holland, MI (FHA|USDA|VA) 7 $1,385,000 $197,857 $3,664 3.46%
    BATON ROUGE, LA (FHA|USDA|VA) 4 $1,360,000 $340,000 $5,915 3.13%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 5 $1,335,000 $267,000 $4,116 3.02%
    RACINE, WI (FHA|USDA|VA) 8 $1,300,000 $162,500 $3,441 3.17%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 7 $1,285,000 $183,571 $3,413 2.96%
    VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 6 $1,280,000 $213,333 $8,959 3.65%
    Morehead City, NC (FHA|USDA|VA) 4 $1,250,000 $312,500 $4,416 2.78%
    ROCKFORD, IL (FHA|USDA|VA) 7 $1,225,000 $175,000 $5,038 3.52%
    Albemarle, NC (FHA|USDA|VA) 8 $1,220,000 $152,500 $5,906 2.92%
    Palatka, FL (FHA|USDA|VA) 6 $1,220,000 $203,333 $6,057 2.96%
    MODESTO, CA (FHA|USDA|VA) 3 $1,185,000 $395,000 $4,188 3.08%
    SAGINAW, MI (FHA|USDA|VA) 11 $1,185,000 $107,727 $3,804 3.25%
    WILMINGTON, NC (FHA|USDA|VA) 5 $1,155,000 $231,000 $6,531 2.85%
    VALDOSTA, GA (FHA|USDA|VA) 6 $1,150,000 $191,667 $5,284 3.46%
    WINCHESTER, VA-WV (FHA|USDA|VA) 4 $1,140,000 $285,000 $8,269 3.25%
    Georgetown, SC (FHA|USDA|VA) 5 $1,135,000 $227,000 $6,213 3.40%
    Austin, MN (FHA|USDA|VA) 7 $1,135,000 $162,143 $4,821 3.05%
    OCALA, FL (FHA|USDA|VA) 5 $1,125,000 $225,000 $8,184 3.30%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 5 $1,125,000 $225,000 $4,336 2.95%
    Big Rapids, MI (FHA|USDA|VA) 5 $1,105,000 $221,000 $5,210 2.75%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 7 $1,105,000 $157,857 $5,271 2.93%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 8 $1,100,000 $137,500 $5,375 3.69%
    GAINESVILLE, GA (FHA|USDA|VA) 4 $1,100,000 $275,000 $7,166 2.91%
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 5 $1,085,000 $217,000 $6,358 3.07%
    New Castle, PA (FHA|USDA|VA) 6 $1,050,000 $175,000 $4,898 2.88%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 8 $1,040,000 $130,000 $4,902 3.08%
    FLORENCE, SC (FHA|USDA|VA) 3 $1,005,000 $335,000 $8,030 2.96%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 3 $975,000 $325,000 $3,186 2.79%
    Orangeburg, SC (FHA|USDA|VA) 5 $955,000 $191,000 $6,057 2.83%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 4 $920,000 $230,000 $5,961 2.63%
    MONROE, LA (FHA|USDA|VA) 5 $895,000 $179,000 $6,759 2.82%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 3 $885,000 $295,000 $8,409 3.29%
    Cambridge, MD (FHA|USDA|VA) 5 $885,000 $177,000 $4,608 3.10%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 3 $875,000 $291,667 $4,787 2.63%
    LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 5 $835,000 $167,000 $3,682 2.92%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 2 $830,000 $415,000 $2,799 2.50%
    GRAND JUNCTION, CO (FHA|USDA|VA) 4 $820,000 $205,000 $6,726 2.97%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 8 $820,000 $102,500 $3,399 3.00%
    Okeechobee, FL (FHA|USDA|VA) 4 $800,000 $200,000 $4,145 3.31%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 5 $795,000 $159,000 $5,276 3.50%
    HARRISONBURG, VA (FHA|USDA|VA) 2 $780,000 $390,000 $4,952 3.13%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 2 $780,000 $390,000 $4,769 3.13%
    Jesup, GA (FHA|USDA|VA) 6 $770,000 $128,333 $6,007 3.13%
    BAKERSFIELD, CA (FHA|USDA|VA) 3 $765,000 $255,000 $2,970 3.33%
    Beaver Dam, WI (FHA|USDA|VA) 5 $755,000 $151,000 $2,450 3.12%
    Waycross, GA (FHA|USDA|VA) 6 $750,000 $125,000 $5,614 3.23%
    Traverse City, MI (FHA|USDA|VA) 4 $740,000 $185,000 $7,059 3.09%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 3 $725,000 $241,667 $7,190 2.96%
    Paducah, KY-IL (FHA|USDA|VA) 3 $715,000 $238,333 $5,903 3.16%
    FRESNO, CA (FHA|USDA|VA) 3 $695,000 $231,667 $5,357 3.33%
    EAU CLAIRE, WI (FHA|USDA|VA) 4 $690,000 $172,500 $4,316 3.41%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 2 $670,000 $335,000 $3,756 2.81%
    Natchez, MS-LA (FHA|USDA|VA) 3 $665,000 $221,667 $4,098 2.83%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 2 $660,000 $330,000 $9,231 2.44%
    GOLDSBORO, NC (FHA|USDA|VA) 4 $660,000 $165,000 $6,305 3.28%
    FLAGSTAFF, AZ (FHA|USDA|VA) 3 $645,000 $215,000 $1,816 3.08%
    Lumberton, NC (FHA|USDA|VA) 3 $645,000 $215,000 $5,303 2.92%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 5 $645,000 $129,000 $5,590 3.63%
    PUNTA GORDA, FL (FHA|USDA|VA) 3 $645,000 $215,000 $5,188 3.29%
    Red Wing, MN (FHA|USDA|VA) 3 $635,000 $211,667 $4,970 3.00%
    Opelousas, LA (FHA|USDA|VA) 4 $630,000 $157,500 $6,480 3.25%
    ALEXANDRIA, LA (FHA|USDA|VA) 4 $620,000 $155,000 $4,181 3.06%
    JOHNSON CITY, TN (FHA|USDA|VA) 3 $615,000 $205,000 $2,610 3.08%
    PANAMA CITY, FL (FHA|USDA|VA) 2 $600,000 $300,000 $4,174 3.19%
    Alma, MI (FHA|USDA|VA) 4 $600,000 $150,000 $4,677 3.28%
    GADSDEN, AL (FHA|USDA|VA) 3 $585,000 $195,000 $4,248 3.13%
    ANN ARBOR, MI (FHA|USDA|VA) 4 $580,000 $145,000 $4,961 2.91%
    NILES, MI (FHA|USDA|VA) 4 $580,000 $145,000 $2,817 3.12%
    Gaffney, SC (FHA|USDA|VA) 2 $580,000 $290,000 $8,545 2.69%
    Moultrie, GA (FHA|USDA|VA) 5 $575,000 $115,000 $4,703 3.25%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 2 $560,000 $280,000 $5,508 2.88%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $560,000 $280,000 $5,608 2.81%
    Lawrenceburg, TN (FHA|USDA|VA) 3 $555,000 $185,000 $2,905 3.46%
    READING, PA (FHA|USDA|VA) 2 $550,000 $275,000 $9,298 2.44%
    Whitewater, WI (FHA|USDA|VA) 3 $545,000 $181,667 $4,338 3.17%
    Lebanon, MO (FHA|USDA|VA) 1 $545,000 $545,000 $2,459 2.88%
    TUSCALOOSA, AL (FHA|USDA|VA) 3 $515,000 $171,667 $3,749 2.88%
    ALTOONA, PA (FHA|USDA|VA) 3 $515,000 $171,667 $8,078 3.13%
    SALISBURY, MD-DE (FHA|USDA|VA) 2 $510,000 $255,000 $3,532 2.69%
    Marion, NC (FHA|USDA|VA) 1 $505,000 $505,000 $17,827 3.13%
    Oil City, PA (FHA|USDA|VA) 3 $495,000 $165,000 $6,160 2.87%
    Albert Lea, MN (FHA|USDA|VA) 5 $495,000 $99,000 $4,209 3.33%
    CLEVELAND, TN (FHA|USDA|VA) 3 $495,000 $165,000 $6,170 3.54%
    MADERA, CA (FHA|USDA|VA) 2 $490,000 $245,000 $3,666 2.81%
    Cordele, GA (FHA|USDA|VA) 2 $490,000 $245,000 $6,403 2.68%
    MOBILE, AL (FHA|USDA|VA) 2 $480,000 $240,000 $3,210 3.50%
    YUBA CITY, CA (FHA|USDA|VA) 1 $475,000 $475,000 $3,585 2.63%
    TULSA, OK (FHA|USDA|VA) 2 $460,000 $230,000 $5,038 3.13%
    Breckenridge, CO (FHA|USDA|VA) 1 $445,000 $445,000 $3,380 2.88%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 3 $445,000 $148,333 $3,587 2.92%
    Milledgeville, GA (FHA|USDA|VA) 2 $440,000 $220,000 $4,259 2.94%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 3 $425,000 $141,667 $4,276 3.13%
    WILLIAMSPORT, PA (FHA|USDA|VA) 1 $425,000 $425,000 $15,153 2.63%
    MANKATO, MN (FHA|USDA|VA) 2 $420,000 $210,000 $3,717 3.25%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 3 $415,000 $138,333 $5,138 2.71%
    Baraboo, WI (FHA|USDA|VA) 3 $415,000 $138,333 $3,923 3.08%
    CHICO, CA (FHA|USDA|VA) 1 $405,000 $405,000 $3,003 3.00%
    Starkville, MS (FHA|USDA|VA) 3 $405,000 $135,000 $6,279 3.25%
    Bonham, TX (FHA|USDA|VA) 1 $395,000 $395,000 $7,321 3.25%
    Montrose, CO (FHA|USDA|VA) 1 $395,000 $395,000 $7,823 2.75%
    BAY CITY, MI (FHA|USDA|VA) 3 $395,000 $131,667 $3,302 3.33%
    Muscatine, IA (FHA|USDA|VA) 3 $385,000 $128,333 $4,045 3.12%
    Lake City, FL (FHA|USDA|VA) 3 $385,000 $128,333 $5,663 2.92%
    STATE COLLEGE, PA (FHA|USDA|VA) 3 $375,000 $125,000 $7,747 3.25%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 3 $375,000 $125,000 $5,264 3.00%
    JACKSON, TN (FHA|USDA|VA) 3 $375,000 $125,000 $5,176 3.46%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $375,000 $375,000 $4,521 3.63%
    BURLINGTON, NC (FHA|USDA|VA) 2 $370,000 $185,000 $8,401 3.06%
    THE VILLAGES, FL (FHA|USDA|VA) 2 $360,000 $180,000 $4,294 3.50%
    Cullowhee, NC (FHA|USDA|VA) 1 $355,000 $355,000 $2,695 3.25%
    Sevierville, TN (FHA|USDA|VA) 1 $355,000 $355,000 $0 3.63%
    PUEBLO, CO (FHA|USDA|VA) 2 $350,000 $175,000 $5,461 3.31%
    SPRINGFIELD, MO (FHA|USDA|VA) 2 $350,000 $175,000 $6,576 3.69%
    LIMA, OH (FHA|USDA|VA) 1 $335,000 $335,000 $12,115 4.25%
    Indiana, PA (FHA|USDA|VA) 2 $330,000 $165,000 $6,747 2.75%
    SUMTER, SC (FHA|USDA|VA) 1 $325,000 $325,000 $4,116 3.00%
    DALTON, GA (FHA|USDA|VA) 2 $320,000 $160,000 $6,690 3.19%
    Sayre, PA (FHA|USDA|VA) 1 $315,000 $315,000 $10,984 2.88%
    Picayune, MS (FHA|USDA|VA) 2 $310,000 $155,000 $7,886 4.75%
    Meadville, PA (FHA|USDA|VA) 1 $305,000 $305,000 $10,362 2.50%
    FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 1 $295,000 $295,000 $15,057 4.63%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 2 $290,000 $145,000 $3,371 3.00%
    LUBBOCK, TX (FHA|USDA|VA) 1 $285,000 $285,000 $2,230 2.75%
    Marquette, MI (FHA|USDA|VA) 1 $285,000 $285,000 $5,160 3.25%
    Tiffin, OH (FHA|USDA|VA) 2 $280,000 $140,000 $6,042 3.75%
    Morgan City, LA (FHA|USDA|VA) 2 $280,000 $140,000 $4,777 3.06%
    HUNTSVILLE, AL (FHA|USDA|VA) 1 $275,000 $275,000 $6,988 3.50%
    HAMMOND, LA (FHA|USDA|VA) 1 $275,000 $275,000 $6,968 3.25%
    Granbury, TX (FHA|USDA|VA) 1 $265,000 $265,000 $10,095 2.88%
    Ukiah, CA (FHA|USDA|VA) 1 $265,000 $265,000 $3,330 2.38%
    Adrian, MI (FHA|USDA|VA) 1 $265,000 $265,000 $6,428 3.50%
    CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $265,000 $265,000 $6,026 3.38%
    Mayfield, KY (FHA|USDA|VA) 2 $260,000 $130,000 $4,602 3.19%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $255,000 $255,000 $8,151 2.75%
    MERCED, CA (FHA|USDA|VA) 1 $255,000 $255,000 $5,841 2.50%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $255,000 $255,000 $0 3.38%
    Elizabeth City, NC (FHA|USDA|VA) 1 $255,000 $255,000 $8,163 2.25%
    COLUMBUS, GA-AL (FHA|USDA|VA) 1 $255,000 $255,000 $13,048 2.75%
    Greenwood, SC (FHA|USDA|VA) 2 $250,000 $125,000 $5,892 2.75%
    Cadillac, MI (FHA|USDA|VA) 2 $250,000 $125,000 $5,535 2.81%
    GRAND FORKS, ND-MN (FHA|USDA|VA) 1 $235,000 $235,000 $2,987 2.75%
    Cambridge, OH (FHA|USDA|VA) 2 $230,000 $115,000 $3,644 2.87%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $225,000 $225,000 $4,856 3.63%
    WICHITA, KS (FHA|USDA|VA) 2 $220,000 $110,000 $3,196 3.25%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 2 $220,000 $110,000 $3,497 2.56%
    HINESVILLE, GA (FHA|USDA|VA) 2 $220,000 $110,000 $4,056 3.31%
    Athens, TN (FHA|USDA|VA) 2 $220,000 $110,000 $8,010 2.75%
    Warsaw, IN (FHA|USDA|VA) 2 $220,000 $110,000 $2,999 3.06%
    NAPA, CA (FHA|USDA|VA) 1 $215,000 $215,000 $0 3.75%
    Corinth, MS (FHA|USDA|VA) 1 $215,000 $215,000 $6,167 4.63%
    JEFFERSON CITY, MO (FHA|USDA|VA) 1 $215,000 $215,000 $6,761 3.38%
    FORT WAYNE, IN (FHA|USDA|VA) 2 $210,000 $105,000 $2,613 3.31%
    MONTGOMERY, AL (FHA|USDA|VA) 1 $205,000 $205,000 $5,665 4.00%
    Branson, MO (FHA|USDA|VA) 1 $205,000 $205,000 $7,216 3.25%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $205,000 $205,000 $2,415 2.50%
    Americus, GA (FHA|USDA|VA) 1 $205,000 $205,000 $6,256 2.75%
    DOVER, DE (FHA|USDA|VA) 1 $205,000 $205,000 $3,931 2.50%
    GETTYSBURG, PA (FHA|USDA|VA) 1 $205,000 $205,000 $6,193 3.49%
    Auburn, IN (FHA|USDA|VA) 1 $195,000 $195,000 $2,819 2.88%
    AMES, IA (FHA|USDA|VA) 1 $195,000 $195,000 $4,176 2.99%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $195,000 $195,000 $7,928 2.75%
    JACKSONVILLE, NC (FHA|USDA|VA) 1 $195,000 $195,000 $5,179 2.88%
    Show Low, AZ (FHA|USDA|VA) 1 $195,000 $195,000 $5,862 3.63%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $185,000 $185,000 $2,465 2.50%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 1 $185,000 $185,000 $2,444 2.88%
    Menomonie, WI (FHA|USDA|VA) 1 $185,000 $185,000 $3,554 3.63%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $175,000 $175,000 $5,648 2.63%
    AKRON, OH (FHA|USDA|VA) 1 $175,000 $175,000 $6,031 3.50%
    Martinsville, VA (FHA|USDA|VA) 1 $165,000 $165,000 $4,938 3.50%
    TOLEDO, OH (FHA|USDA|VA) 2 $160,000 $80,000 $2,234 3.25%
    Huntington, IN (FHA|USDA|VA) 1 $155,000 $155,000 $3,569 3.38%
    Marion, IN (FHA|USDA|VA) 1 $155,000 $155,000 $2,387 3.49%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $155,000 $155,000 $6,950 2.63%
    Huntingdon, PA (FHA|USDA|VA) 1 $155,000 $155,000 $7,762 2.88%
    Grand Rapids, MN (FHA|USDA|VA) 1 $155,000 $155,000 $1,944 2.63%
    Bellefontaine, OH (FHA|USDA|VA) 1 $155,000 $155,000 $2,014 3.38%
    Mason City, IA (FHA|USDA|VA) 2 $150,000 $75,000 $3,022 3.63%
    Thomasville, GA (FHA|USDA|VA) 1 $145,000 $145,000 $2,877 2.88%
    Freeport, IL (FHA|USDA|VA) 1 $145,000 $145,000 $8,142 4.25%
    ST. CLOUD, MN (FHA|USDA|VA) 1 $145,000 $145,000 $3,826 3.00%
    Dublin, GA (FHA|USDA|VA) 1 $145,000 $145,000 $6,318 2.50%
    WACO, TX (FHA|USDA|VA) 1 $145,000 $145,000 $5,974 3.63%
    Kinston, NC (FHA|USDA|VA) 1 $145,000 $145,000 $7,101 3.50%
    Dayton, TN (FHA|USDA|VA) 1 $145,000 $145,000 $6,477 3.75%
    CUMBERLAND, MD-WV (FHA|USDA|VA) 1 $145,000 $145,000 $4,127 3.50%
    Statesboro, GA (FHA|USDA|VA) 1 $135,000 $135,000 $2,867 3.50%
    Fremont, OH (FHA|USDA|VA) 1 $135,000 $135,000 $8,145 2.63%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $135,000 $135,000 $0 3.88%
    Coldwater, MI (FHA|USDA|VA) 1 $135,000 $135,000 $7,765 3.13%
    Carroll, IA (FHA|USDA|VA) 1 $135,000 $135,000 $6,693 2.75%
    WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 1 $135,000 $135,000 $3,684 3.13%
    West Point, MS (FHA|USDA|VA) 1 $135,000 $135,000 $4,720 2.75%
    PEORIA, IL (FHA|USDA|VA) 1 $135,000 $135,000 $2,338 2.75%
    Mountain Home, AR (FHA|USDA|VA) 1 $135,000 $135,000 $6,910 2.63%
    Alpena, MI (FHA|USDA|VA) 1 $135,000 $135,000 $2,886 2.38%
    BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $125,000 $125,000 $3,061 2.99%
    IOWA CITY, IA (FHA|USDA|VA) 1 $125,000 $125,000 $4,725 2.88%
    Laurel, MS (FHA|USDA|VA) 1 $125,000 $125,000 $7,496 4.50%
    Cornelia, GA (FHA|USDA|VA) 1 $115,000 $115,000 $3,121 2.50%
    DOTHAN, AL (FHA|USDA|VA) 1 $115,000 $115,000 $1,856 2.88%
    Richmond-Berea, KY (FHA|USDA|VA) 1 $115,000 $115,000 $3,363 2.99%
    GREENVILLE, NC (FHA|USDA|VA) 1 $115,000 $115,000 $1,875 2.63%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $115,000 $115,000 $2,582 3.25%
    North Vernon, IN (FHA|USDA|VA) 1 $115,000 $115,000 $3,535 3.50%
    Mount Vernon, OH (FHA|USDA|VA) 1 $105,000 $105,000 $4,728 2.63%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $105,000 $105,000 $3,055 4.13%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $95,000 $95,000 $3,636 3.50%
    KANKAKEE, IL (FHA|USDA|VA) 1 $95,000 $95,000 $1,563 3.50%
    BATTLE CREEK, MI (FHA|USDA|VA) 1 $95,000 $95,000 $5,628 3.50%
    Bluffton, IN (FHA|USDA|VA) 1 $95,000 $95,000 $3,099 3.75%
    LONGVIEW, TX (FHA|USDA|VA) 1 $95,000 $95,000 $2,726 2.99%
    Big Stone Gap, VA (FHA|USDA|VA) 1 $95,000 $95,000 $6,613 4.63%
    SPRINGFIELD, OH (FHA|USDA|VA) 1 $85,000 $85,000 $2,657 3.13%
    KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $85,000 $85,000 $2,323 3.75%
    Sturgis, MI (FHA|USDA|VA) 1 $75,000 $75,000 $3,834 3.63%
    Burlington, IA-IL (FHA|USDA|VA) 1 $75,000 $75,000 $3,361 2.99%
    Stephenville, TX (FHA|USDA|VA) 1 $75,000 $75,000 $3,217 2.88%
    Ottawa, IL (FHA|USDA|VA) 1 $65,000 $65,000 $1,593 2.88%
    Hannibal, MO (FHA|USDA|VA) 1 $65,000 $65,000 $3,114 3.38%
    Union City, TN (FHA|USDA|VA) 1 $65,000 $65,000 $3,700 3.25%
    Iron Mountain, MI-WI (FHA|USDA|VA) 1 $55,000 $55,000 $2,159 3.63%
    DANVILLE, IL (FHA|USDA|VA) 1 $55,000 $55,000 $3,728 4.50%
    Towne Mortgage Company's top markets include New York, Philadelphia, Phoenix, San Francisco, and Miami among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against TOWNE MORTGAGE COMPANY based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Prevail Bank
    Similarity Rank: 44
    PROSPERA Credit Union
    Similarity Rank: 60
    Isabella Bank
    Similarity Rank: 84
    N C P D Federal Credit Union
    Similarity Rank: 102
    Forward Bank
    Similarity Rank: 112
    Wolf River Community Bank
    Similarity Rank: 150
    1st State Financial, Ltd.
    Similarity Rank: 154
    DADE COUNTY FEDERAL CREDIT UNION
    Similarity Rank: 167
    JOLT CREDIT UNION
    Similarity Rank: 168

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 5,676 $1,511,420,000 $266,283 $4,590 2.99%
    FHA 1,329 $265,075,000 $199,454 $7,656 3.27%
    VA 412 $110,170,000 $267,403 $6,703 2.91%
    USDA 180 $28,530,000 $158,500 $5,237 3.10%

    For 2021, Towne Mortgage Company's most frequently originated type of loan was Conventional, with 5,676 originations. Their 2nd most popular type was FHA, with 1,329 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 3,126 $762,860,000 $244,037 $6,375 3.16%
    Refi 2,651 $701,195,000 $264,502 $4,380 2.84%
    Cash Out Refi 1,820 $451,140,000 $247,879 $4,691 3.10%

    For 2021, Towne Mortgage Company's most frequently cited loan purpose was Home Purchase, with 3,126 originations. The 2nd most popular reason was Refi, with 2,651 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 5,894 $1,538,550,000 $261,037 $5,675 3.15%
    15 Year 980 $208,360,000 $212,612 $3,863 2.53%
    20 Year 494 $118,840,000 $240,567 $4,209 2.87%
    Other 121 $27,205,000 $224,835 $4,511 3.02%
    10 Year 108 $22,240,000 $205,926 $3,540 2.34%

    For 2021, Towne Mortgage Company's most frequently cited loan duration was 30 Year, with 5,894 originations. The 2nd most popular length was 15 Year, with 980 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 2,801 $711,305,000 $253,947
    $1k-2k 1,573 $314,645,000 $200,029
    $2k-3k 904 $171,550,000 $189,768
    $5k+ 901 $330,665,000 $366,998
    $3k-4k 622 $139,120,000 $223,666
    $4k-5k 416 $116,150,000 $279,207

    Towne Mortgage Company's average total fees were $5,675, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,801 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 3,487 $936,025,000 $268,433
    3-4% 2,670 $597,660,000 $223,843
    <2.5% 1,089 $318,505,000 $292,475
    4-5% 319 $57,205,000 $179,326
    5-6% 32 $5,800,000 $181,250

    During 2021, Towne Mortgage Company's average interest rate for loans was 3.15%, while their most frequently originated rate bucket for loans was 2.5-3%, with 3,487 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 2,904 $817,350,000 $281,457 $6,089 2.99%
    $100k-200k 2,661 $392,615,000 $147,544 $4,307 3.14%
    $400k-600k 1,252 $600,230,000 $479,417 $6,606 2.80%
    $100,000 or less 718 $57,060,000 $79,471 $3,284 3.21%
    $600k-1MM 56 $38,740,000 $691,786 $7,655 2.99%
    $1MM+ 6 $9,200,000 $1,533,333 $49,000 3.29%

    2021 saw Towne Mortgage Company place emphasis on $200k-400k loans with 2,904 originations, totaling $817,350,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 1,857 $359,155,000 $193,406 $5,046 3.13%
    $50k or less 1,546 $217,080,000 $140,414 $4,382 3.15%
    $100k-150k 1,493 $457,265,000 $306,273 $5,811 2.96%
    $75k-100k 1,322 $335,420,000 $253,722 $5,508 3.06%
    $150k-250k 937 $361,415,000 $385,715 $6,043 2.85%
    $250k+ 396 $174,830,000 $441,490 $6,573 2.82%

    Towne Mortgage Company lent most frequently to those with incomes in the $50k-75k range, with 1,857 originations. The second most popular income band? $50k or less, with 1,546 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,650 $403,880,000 $244,776 $4,684 2.95%
    30-36% 1,425 $362,065,000 $254,081 $5,143 3.04%
    <20% 531 $130,955,000 $246,620 $4,474 2.83%
    50-60% 371 $93,155,000 $251,092 $8,553 3.09%
    44% 313 $76,545,000 $244,553 $5,441 3.12%
    42% 299 $76,125,000 $254,599 $5,593 3.09%
    38% 286 $75,050,000 $262,413 $5,512 3.13%
    41% 285 $69,025,000 $242,193 $4,957 3.13%
    39% 283 $72,735,000 $257,014 $5,089 3.10%
    37% 270 $66,850,000 $247,593 $5,222 3.08%
    40% 267 $70,105,000 $262,566 $5,328 3.10%
    36% 262 $64,700,000 $246,947 $5,123 3.09%
    43% 261 $68,625,000 $262,931 $5,488 3.09%
    45% 215 $54,785,000 $254,814 $5,744 3.10%
    46% 199 $55,425,000 $278,518 $5,369 3.07%
    47% 191 $49,515,000 $259,241 $5,750 3.17%
    48% 183 $48,655,000 $265,874 $6,418 3.12%
    49% 183 $49,225,000 $268,989 $5,699 3.05%
    >60% 7 $1,735,000 $247,857 $3,978 3.32%

    Towne Mortgage Company lent most frequently to those with DTI ratios of 20-30%, with 1,650 originations. The next most common DTI ratio? 30-36%, with 1,425 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 5,698 $1,320,150,000 $231,687 $5,171 3.06%
    Asian 654 $259,100,000 $396,177 $4,718 2.75%
    Not provided 686 $207,800,000 $302,915 $6,008 2.99%
    Black 504 $115,710,000 $229,583 $6,310 3.22%
    American Indian 36 $7,870,000 $218,611 $5,071 3.28%
    Native Hawaiian or Islander 16 $3,410,000 $213,125 $5,505 3.06%
    Asian Indian 2 $720,000 $360,000 $3,102 2.75%
    Other Pacific Islander 1 $435,000 $435,000 $2,924 3.00%

    Approval Rates

    Total approvals of all applications
    94.34%

    Towne Mortgage Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    71.86%

    Towne Mortgage Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 7,597 $1,915,195,000 $252,099

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    7,597 $1,915,195,000 $252,099

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 387 $95,235,000 $246,085 $3,583 2.77%
    40-60% 1,267 $342,685,000 $270,470 $4,028 2.83%
    60-80% 2,797 $737,455,000 $263,659 $4,907 3.05%
    80-100% 3,042 $708,180,000 $232,801 $6,121 3.15%
    Over 100% 69 $22,565,000 $327,029 $13,876 2.96%
    Under 20% 35 $9,075,000 $259,286 $3,051 2.55%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    TOWNE MORTGAGE COMPANY Conventional home mortgage Struggling to pay mortgage 1 20.0%
    TOWNE MORTGAGE COMPANY Conventional home mortgage Trouble during payment process 3 60.0%
    TOWNE MORTGAGE COMPANY FHA mortgage Problem with a credit reporting company's investigation into an existing problem 1 20.0%