Towne Mortgage Company Rates, Fees & Info
PLYMOUTH, MILEI: 549300R7HGHP2I754087
Tax ID: 38-2434249
3.5 stars - Updated: 12/1/23
-
out of 5 stars, based on 57 reviews
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Towne Mortgage Company is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Towne Mortgage Company has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Houston, Miami, New York, Denver, and Phoenix among others. We have data for 305 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 | 6.89% | 12/1/23 |
| 30 Year Conventional Refi | 6.74% | 12/1/23 |
| 30 Year Cash-out Refi | 6.83% | 12/1/23 |
| 30 Year FHA Purchase | 7.31% | 12/1/23 |
| 30 Year FHA Refi | 7.46% | 12/1/23 |
| 30 Year VA Purchase | 6.20% | 12/1/23 |
| 30 Year VA Refi | 6.10% | 12/1/23 |
| 30 Year USDA Purchase | 6.93% | 12/1/23 |
| 30 Year USDA Refi | 6.27% | 12/1/23 |
| 15 Year Conventional Purchase | 6.31% | 12/1/23 |
| 15 Year Conventional Refi | 6.45% | 12/1/23 |
| 15 Year Cash-out Refi | 6.45% | 12/1/23 |
| 15 Year FHA Purchase | 5.68% | 12/1/23 |
| 15 Year FHA Refi | 8.24% | 12/1/23 |
| 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. | ||
Towne Mortgage Company Mortgage Calculator
Your Estimates
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This is not an official calculator from Towne Mortgage Company. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
3,215Origination Dollar Volume (All Markets)
$846,225,000Awards
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TOWNE MORTGAGE COMPANY - 2022
TOWNE MORTGAGE COMPANY is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Relative Rate
Towne Mortgage Company's average 30 year fixed mortgage rate was
4.7%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.06%.
Relative Fees (Closing Costs)
Towne Mortgage Company's average total fees/closing costs for a 30 year fixed rate
mortgage were $8,207.
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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 316 | $62,220,000 | $196,899 | $7,151 | 4.87% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 186 | $55,330,000 | $297,473 | $9,847 | 4.60% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 171 | $48,925,000 | $286,111 | $6,833 | 4.86% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 78 | $33,100,000 | $424,359 | $13,639 | 4.10% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 65 | $31,895,000 | $490,692 | $7,282 | 4.09% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 79 | $31,775,000 | $402,215 | $8,764 | 4.21% |
| MUSKEGON, MI (FHA|USDA|VA) | 153 | $22,125,000 | $144,608 | $4,149 | 5.19% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 62 | $19,560,000 | $315,484 | $10,160 | 3.87% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 67 | $19,425,000 | $289,925 | $9,872 | 4.76% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 96 | $18,750,000 | $195,313 | $6,572 | 4.73% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 22 | $16,470,000 | $748,636 | $16,426 | 3.95% |
| GREELEY, CO (FHA|USDA|VA) | 35 | $14,335,000 | $409,571 | $6,849 | 4.26% |
| COLUMBIA, SC (FHA|USDA|VA) | 74 | $14,150,000 | $191,216 | $5,948 | 4.80% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 24 | $13,990,000 | $582,917 | $5,268 | 3.94% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 47 | $13,955,000 | $296,915 | $10,040 | 4.54% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 59 | $13,575,000 | $230,085 | $7,522 | 4.39% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 50 | $13,050,000 | $261,000 | $8,328 | 4.47% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 33 | $11,465,000 | $347,424 | $11,250 | 3.44% |
| FLINT, MI (FHA|USDA|VA) | 64 | $11,220,000 | $175,313 | $5,827 | 4.79% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 41 | $10,875,000 | $265,244 | $9,332 | 4.81% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 33 | $10,835,000 | $328,333 | $10,290 | 4.44% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 28 | $10,580,000 | $377,857 | $11,619 | 4.21% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 35 | $9,895,000 | $282,714 | $11,793 | 5.45% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 29 | $9,535,000 | $328,793 | $9,881 | 3.96% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 20 | $9,500,000 | $475,000 | $8,003 | 4.13% |
| FORT COLLINS, CO (FHA|USDA|VA) | 21 | $9,175,000 | $436,905 | $7,395 | 4.29% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 27 | $7,545,000 | $279,444 | $9,854 | 4.75% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 34 | $7,180,000 | $211,176 | $6,210 | 5.06% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 13 | $7,175,000 | $551,923 | $5,647 | 3.93% |
| PITTSBURGH, PA (FHA|USDA|VA) | 38 | $6,950,000 | $182,895 | $7,194 | 4.72% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 20 | $6,920,000 | $346,000 | $11,916 | 3.34% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 23 | $6,905,000 | $300,217 | $9,423 | 4.92% |
| Owatonna, MN (FHA|USDA|VA) | 36 | $6,560,000 | $182,222 | $5,276 | 4.82% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 33 | $6,505,000 | $197,121 | $4,680 | 4.94% |
| SAVANNAH, GA (FHA|USDA|VA) | 24 | $6,330,000 | $263,750 | $9,399 | 5.07% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 12 | $5,590,000 | $465,833 | $12,021 | 4.33% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 20 | $5,350,000 | $267,500 | $8,236 | 4.04% |
| GREEN BAY, WI (FHA|USDA|VA) | 31 | $5,195,000 | $167,581 | $5,502 | 5.11% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 15 | $5,185,000 | $345,667 | $9,636 | 4.77% |
| BOULDER, CO (FHA|USDA|VA) | 7 | $4,795,000 | $685,000 | $8,540 | 4.27% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 19 | $4,765,000 | $250,789 | $9,057 | 4.48% |
| JOPLIN, MO (FHA|USDA|VA) | 32 | $4,700,000 | $146,875 | $4,906 | 4.91% |
| STOCKTON, CA (FHA|USDA|VA) | 9 | $4,165,000 | $462,778 | $5,861 | 3.72% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 21 | $4,055,000 | $193,095 | $8,778 | 5.06% |
| SPARTANBURG, SC (FHA|USDA|VA) | 16 | $3,970,000 | $248,125 | $8,098 | 4.77% |
| APPLETON, WI (FHA|USDA|VA) | 19 | $3,875,000 | $203,947 | $7,156 | 4.87% |
| LOUISVILLE, KY (FHA|USDA|VA) | 15 | $3,795,000 | $253,000 | $9,991 | 4.42% |
| Mount Airy, NC (FHA|USDA|VA) | 25 | $3,795,000 | $151,800 | $5,862 | 4.35% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 12 | $3,550,000 | $295,833 | $13,805 | 5.01% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 8 | $3,430,000 | $428,750 | $14,036 | 4.72% |
| FRESNO, CA (FHA|USDA|VA) | 8 | $3,290,000 | $411,250 | $10,906 | 5.80% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 17 | $3,255,000 | $191,471 | $5,040 | 4.51% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 11 | $3,225,000 | $293,182 | $8,801 | 5.22% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 12 | $3,200,000 | $266,667 | $10,361 | 5.08% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 14 | $3,200,000 | $228,571 | $7,541 | 4.72% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 11 | $3,175,000 | $288,636 | $7,313 | 4.11% |
| ROANOKE, VA (FHA|USDA|VA) | 13 | $2,865,000 | $220,385 | $6,873 | 4.94% |
| RICHMOND, VA (FHA|USDA|VA) | 9 | $2,825,000 | $313,889 | $10,516 | 4.36% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 16 | $2,660,000 | $166,250 | $6,271 | 5.19% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 7 | $2,635,000 | $376,429 | $12,671 | 4.84% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 13 | $2,615,000 | $201,154 | $8,159 | 4.84% |
| ASHEVILLE, NC (FHA|USDA|VA) | 8 | $2,560,000 | $320,000 | $10,393 | 4.19% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 13 | $2,425,000 | $186,538 | $9,079 | 5.39% |
| Stevens Point, WI (FHA|USDA|VA) | 9 | $2,385,000 | $265,000 | $3,169 | 3.90% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 10 | $2,320,000 | $232,000 | $7,507 | 4.78% |
| Seneca, SC (FHA|USDA|VA) | 5 | $2,285,000 | $457,000 | $12,727 | 4.85% |
| OCALA, FL (FHA|USDA|VA) | 10 | $2,260,000 | $226,000 | $8,400 | 5.84% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 6 | $2,160,000 | $360,000 | $12,059 | 5.04% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 9 | $2,105,000 | $233,889 | $7,451 | 4.46% |
| Meridian, MS (FHA|USDA|VA) | 12 | $2,010,000 | $167,500 | $6,787 | 5.08% |
| Tifton, GA (FHA|USDA|VA) | 10 | $1,900,000 | $190,000 | $7,818 | 4.29% |
| Manitowoc, WI (FHA|USDA|VA) | 12 | $1,880,000 | $156,667 | $5,837 | 5.29% |
| Columbus, MS (FHA|USDA|VA) | 12 | $1,790,000 | $149,167 | $8,285 | 4.73% |
| DULUTH, MN-WI (FHA|USDA|VA) | 10 | $1,790,000 | $179,000 | $6,103 | 4.46% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 7 | $1,755,000 | $250,714 | $10,928 | 4.53% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 9 | $1,745,000 | $193,889 | $6,316 | 4.53% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 9 | $1,695,000 | $188,333 | $7,028 | 4.76% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 12 | $1,690,000 | $140,833 | $5,280 | 4.59% |
| CLEVELAND, TN (FHA|USDA|VA) | 5 | $1,675,000 | $335,000 | $10,878 | 4.03% |
| Bluefield, WV-VA (FHA|USDA|VA) | 12 | $1,670,000 | $139,167 | $4,570 | 4.63% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 4 | $1,610,000 | $402,500 | $12,007 | 3.31% |
| BRUNSWICK, GA (FHA|USDA|VA) | 9 | $1,535,000 | $170,556 | $7,171 | 4.58% |
| WILMINGTON, NC (FHA|USDA|VA) | 6 | $1,500,000 | $250,000 | $6,475 | 4.92% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $1,470,000 | $735,000 | $5,799 | 3.63% |
| FOND DU LAC, WI (FHA|USDA|VA) | 9 | $1,425,000 | $158,333 | $6,788 | 5.61% |
| Paducah, KY-IL (FHA|USDA|VA) | 6 | $1,420,000 | $236,667 | $8,585 | 3.91% |
| EL PASO, TX (FHA|USDA|VA) | 6 | $1,400,000 | $233,333 | $7,389 | 5.17% |
| COLUMBUS, OH (FHA|USDA|VA) | 6 | $1,390,000 | $231,667 | $11,780 | 5.60% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 5 | $1,315,000 | $263,000 | $8,874 | 5.40% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 7 | $1,305,000 | $186,429 | $7,533 | 5.50% |
| GAINESVILLE, FL (FHA|USDA|VA) | 6 | $1,300,000 | $216,667 | $9,124 | 4.79% |
| HINESVILLE, GA (FHA|USDA|VA) | 6 | $1,250,000 | $208,333 | $7,750 | 4.46% |
| Greenwood, SC (FHA|USDA|VA) | 5 | $1,235,000 | $247,000 | $8,509 | 3.97% |
| Edwards, CO (FHA|USDA|VA) | 1 | $1,205,000 | $1,205,000 | $7,030 | 3.75% |
| DECATUR, AL (FHA|USDA|VA) | 5 | $1,185,000 | $237,000 | $8,955 | 6.58% |
| Statesboro, GA (FHA|USDA|VA) | 5 | $1,155,000 | $231,000 | $6,609 | 5.63% |
| Douglas, GA (FHA|USDA|VA) | 6 | $1,140,000 | $190,000 | $5,549 | 4.81% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 4 | $1,130,000 | $282,500 | $11,478 | 5.97% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 7 | $1,125,000 | $160,714 | $6,011 | 5.63% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 3 | $1,115,000 | $371,667 | $10,056 | 3.42% |
| Orangeburg, SC (FHA|USDA|VA) | 4 | $1,110,000 | $277,500 | $7,697 | 4.03% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 2 | $1,070,000 | $535,000 | $8,943 | 3.94% |
| PANAMA CITY, FL (FHA|USDA|VA) | 3 | $1,035,000 | $345,000 | $15,512 | 4.46% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 2 | $1,020,000 | $510,000 | $9,259 | 3.94% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 3 | $1,015,000 | $338,333 | $12,803 | 4.00% |
| Albert Lea, MN (FHA|USDA|VA) | 7 | $1,005,000 | $143,571 | $5,421 | 4.93% |
| Albemarle, NC (FHA|USDA|VA) | 3 | $995,000 | $331,667 | $13,850 | 3.83% |
| Eufaula, AL-GA (FHA|USDA|VA) | 3 | $985,000 | $328,333 | $5,718 | 5.38% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 4 | $980,000 | $245,000 | $7,067 | 4.28% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 5 | $975,000 | $195,000 | $8,202 | 5.18% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 4 | $940,000 | $235,000 | $9,489 | 5.66% |
| LAFAYETTE, LA (FHA|USDA|VA) | 4 | $940,000 | $235,000 | $8,819 | 4.72% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 5 | $935,000 | $187,000 | $7,502 | 5.52% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 3 | $935,000 | $311,667 | $5,782 | 5.38% |
| SAGINAW, MI (FHA|USDA|VA) | 7 | $935,000 | $133,571 | $4,808 | 4.48% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $9,243 | 4.54% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 5 | $915,000 | $183,000 | $5,599 | 4.90% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 4 | $890,000 | $222,500 | $8,038 | 4.97% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $10,460 | 3.37% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 4 | $880,000 | $220,000 | $7,630 | 4.72% |
| JACKSON, MI (FHA|USDA|VA) | 7 | $875,000 | $125,000 | $6,464 | 5.61% |
| Miami, OK (FHA|USDA|VA) | 6 | $870,000 | $145,000 | $5,908 | 4.71% |
| Brainerd, MN (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $5,402 | 2.83% |
| GAINESVILLE, GA (FHA|USDA|VA) | 4 | $840,000 | $210,000 | $5,617 | 4.16% |
| Waycross, GA (FHA|USDA|VA) | 6 | $810,000 | $135,000 | $6,078 | 5.35% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 5 | $795,000 | $159,000 | $5,299 | 5.40% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $21,557 | 4.13% |
| TUCSON, AZ (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $2,439 | 3.75% |
| RACINE, WI (FHA|USDA|VA) | 4 | $760,000 | $190,000 | $6,998 | 4.44% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $9,761 | 4.58% |
| MONROE, LA (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $9,169 | 4.83% |
| VALDOSTA, GA (FHA|USDA|VA) | 6 | $730,000 | $121,667 | $5,382 | 4.40% |
| DOTHAN, AL (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $4,575 | 4.50% |
| Fort Morgan, CO (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $5,586 | 3.81% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $11,294 | 5.75% |
| Menomonie, WI (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $7,992 | 5.00% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $20,461 | 4.56% |
| KNOXVILLE, TN (FHA|USDA|VA) | 4 | $680,000 | $170,000 | $7,229 | 4.72% |
| Sheridan, WY (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $13,524 | 4.62% |
| MONROE, MI (FHA|USDA|VA) | 7 | $675,000 | $96,429 | $4,592 | 5.18% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $14,613 | 4.38% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $28,982 | 3.25% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $11,495 | 2.88% |
| SALINAS, CA (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $2,011 | 3.75% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $9,789 | 4.75% |
| SUMTER, SC (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $5,353 | 4.50% |
| ALBANY, GA (FHA|USDA|VA) | 5 | $615,000 | $123,000 | $5,528 | 5.05% |
| YUMA, AZ (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $9,361 | 3.43% |
| STAUNTON, VA (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $9,292 | 4.38% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $11,714 | 4.00% |
| FORT WAYNE, IN (FHA|USDA|VA) | 4 | $580,000 | $145,000 | $4,970 | 4.66% |
| BATON ROUGE, LA (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $12,726 | 4.37% |
| Holland, MI (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $5,250 | 5.38% |
| Lake City, FL (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $8,538 | 4.38% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $6,730 | 4.94% |
| St. Marys, GA (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $10,362 | 5.69% |
| MERCED, CA (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $9,987 | 4.88% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $12,208 | 3.37% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $8,259 | 5.04% |
| ANN ARBOR, MI (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $5,342 | 6.56% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $3,439 | 2.99% |
| PUEBLO, CO (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $5,906 | 3.81% |
| Cornelia, GA (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $11,391 | 4.43% |
| Lawrenceburg, TN (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $8,282 | 5.00% |
| BURLINGTON, NC (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $5,203 | 4.38% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 4 | $510,000 | $127,500 | $3,216 | 4.37% |
| Milledgeville, GA (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $0 | 4.69% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $3,713 | 5.75% |
| ROCHESTER, MN (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $6,256 | 4.83% |
| Palatka, FL (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $11,560 | 5.50% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $4,453 | 3.79% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $20,365 | 3.25% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $7,798 | 4.00% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $18,107 | 3.25% |
| Mount Pleasant, MI (FHA|USDA|VA) | 4 | $440,000 | $110,000 | $6,129 | 5.28% |
| Austin, MN (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $10,125 | 6.50% |
| AKRON, OH (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $12,648 | 5.75% |
| Athens, TX (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $15,301 | 4.50% |
| Vidalia, GA (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $7,077 | 4.96% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $10,819 | 4.25% |
| Marinette, WI-MI (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $7,328 | 5.68% |
| VICTORIA, TX (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $14,175 | 4.75% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 3.88% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $6,387 | 3.63% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $21,132 | 2.50% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $21,826 | 6.25% |
| Cambridge, MD (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $10,192 | 4.00% |
| Calhoun, GA (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $8,770 | 4.31% |
| Ludington, MI (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $4,321 | 4.25% |
| LYNCHBURG, VA (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $4,118 | 5.25% |
| Newberry, SC (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $6,657 | 5.31% |
| Lufkin, TX (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $11,156 | 3.63% |
| Muskogee, OK (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $8,326 | 5.88% |
| BECKLEY, WV (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $4,594 | 4.38% |
| Zanesville, OH (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $6,147 | 4.19% |
| Jesup, GA (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $7,462 | 4.75% |
| Cordele, GA (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $4,531 | 4.00% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $11,078 | 6.25% |
| Shawano, WI (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $4,195 | 4.29% |
| Show Low, AZ (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $9,101 | 4.38% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,785 | 3.25% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $2,024 | 2.75% |
| BAY CITY, MI (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $6,317 | 5.50% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $6,273 | 4.74% |
| El Campo, TX (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $8,811 | 4.75% |
| Gillette, WY (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $7,583 | 2.99% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $10,555 | 5.13% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 6.00% |
| Willmar, MN (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $14,877 | 5.25% |
| Key West, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $13,729 | 4.13% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $6,706 | 3.75% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $6,769 | 3.63% |
| West Point, MS (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $9,279 | 4.31% |
| MIDLAND, MI (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $4,927 | 5.94% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $5,640 | 5.88% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $13,892 | 5.13% |
| Greenville, MS (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $16,335 | 4.00% |
| Shelton, WA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $9,331 | 4.38% |
| Moultrie, GA (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $4,710 | 4.38% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $8,596 | 5.00% |
| Ozark, AL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $12,162 | 4.75% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $13,813 | 3.99% |
| DuBois, PA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $6,456 | 2.75% |
| DUBUQUE, IA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 6.00% |
| Starkville, MS (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $14,562 | 6.25% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $8,426 | 5.18% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $3,300 | 3.13% |
| CHARLESTON, WV (FHA|USDA|VA) | 3 | $265,000 | $88,333 | $5,123 | 4.42% |
| Bucyrus-Galion, OH (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $9,678 | 5.25% |
| Beaver Dam, WI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,571 | 3.63% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,177 | 3.88% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $19,499 | 4.50% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $16,988 | 3.38% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $6,585 | 3.94% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $7,964 | 3.50% |
| Craig, CO (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $10,564 | 4.25% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $10,134 | 3.00% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,884 | 3.63% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $11,941 | 5.25% |
| Brevard, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $8,690 | 5.00% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $15,815 | 3.99% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,086 | 5.50% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,602 | 3.88% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,853 | 2.88% |
| Washington Court House, OH (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,548 | 3.88% |
| MADISON, WI (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,639 | 6.49% |
| Wooster, OH (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,454 | 6.25% |
| Adrian, MI (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $9,968 | 7.75% |
| Stillwater, OK (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 6.13% |
| Fitzgerald, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $8,622 | 3.88% |
| Huntingdon, PA (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $5,737 | 4.75% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,189 | 3.25% |
| Boone, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,084 | 6.63% |
| Warsaw, IN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,163 | 4.75% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $12,425 | 6.63% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 4.50% |
| Bainbridge, GA (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $5,240 | 4.25% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $9,840 | 5.63% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 3 | $195,000 | $65,000 | $3,468 | 4.08% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $11,237 | 5.75% |
| Union, SC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,011 | 4.99% |
| North Wilkesboro, NC (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $5,840 | 5.37% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $11,203 | 5.49% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $9,625 | 3.13% |
| Hereford, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $10,780 | 7.25% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $1,450 | 4.00% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $10,172 | 5.75% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $11,069 | 4.99% |
| Lewistown, PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,114 | 3.50% |
| Cadillac, MI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,039 | 6.25% |
| Branson, MO (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $12,100 | 6.25% |
| WILLIAMSPORT, PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,282 | 2.88% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,996 | 4.00% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $5,685 | 4.31% |
| Laurel, MS (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,660 | 6.13% |
| GOLDSBORO, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $10,365 | 5.75% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,959 | 6.63% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,791 | 4.50% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,102 | 4.25% |
| Oxford, MS (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $7,132 | 5.75% |
| Bradford, PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $7,573 | 5.75% |
| Bellefontaine, OH (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,342 | 5.00% |
| TYLER, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 5.50% |
| Thomasville, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,969 | 5.25% |
| Danville, VA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 4.88% |
| Alma, MI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $6,180 | 4.38% |
| Opelousas, LA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,261 | 4.88% |
| Findlay, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,187 | 6.50% |
| Martinsville, VA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,495 | 3.25% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,548 | 5.13% |
| Houghton, MI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,706 | 5.99% |
| Wabash, IN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,650 | 4.25% |
| Oil City, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $8,549 | 3.00% |
| Quincy, IL-MO (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,551 | 5.13% |
| Tiffin, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $7,776 | 5.75% |
| DANVILLE, IL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,755 | 4.63% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,777 | 3.75% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.50% |
| HARRISONBURG, VA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,664 | 3.88% |
| Fairmont, MN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,795 | 4.63% |
| Alpena, MI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,557 | 3.25% |
| Big Rapids, MI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,711 | 5.38% |
| Jacksonville, IL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,781 | 5.75% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $5,682 | 5.75% |
| Maysville, KY (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,603 | 2.88% |
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Product Mix
For 2022, Towne Mortgage Company's most frequently originated type of loan was Conventional, with 1,649 originations. Their 2nd most popular type was FHA, with 1,156 originations.
Loan Reason
For 2022, Towne Mortgage Company's most frequently cited loan purpose was Home Purchase, with 2,167 originations. The 2nd most popular reason was Cash Out Refi, with 721 originations.
Loan Duration/Length
For 2022, Towne Mortgage Company's most frequently cited loan duration was 30 Year, with 2,955 originations. The 2nd most popular length was 15 Year, with 144 originations.
Origination Fees/Closing Costs
Towne Mortgage Company's average total fees were $8,207, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 801 originations.
Interest Rates
During 2022, Towne Mortgage Company's average interest rate for loans was 4.70%, while their most frequently originated rate bucket for loans was 4-5%, with 959 originations.
Loan Sizing
2022 saw Towne Mortgage Company place emphasis on $200k-400k loans with 1,281 originations, totaling $365,535,000 in origination value.
Applicant Income
Towne Mortgage Company lent most frequently to those with incomes in the $50k-75k range, with 901 originations. The second most popular income band? $100k-150k, with 647 originations.
Applicant Debt to Income Ratio
Towne Mortgage Company lent most frequently to those with DTI ratios of 30-36%, with 544 originations. The next most common DTI ratio? 20-30%, with 451 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.43%
Towne Mortgage Company has an average approval rate.
Pick Rate
Approvals leading to origination58.44%
Towne Mortgage Company has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 3,215 | $846,225,000 | $263,212 |