Towne Mortgage Company Rates, Fees & Info
PLYMOUTH, MILEI: 549300R7HGHP2I754087
Tax ID: 38-2434249
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Mortgage Data
Review & Overview
Towne Mortgage Company is a smaller mortgage company specializing in Home Purchase and 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: Detroit, Atlanta, Columbia, Muskegon, and Grand Rapids among others. We have data for 271 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.89% | 11/17/24 |
| 30 Year Conventional Refi | 6.74% | 11/17/24 |
| 30 Year Cash-out Refi | 6.83% | 11/17/24 |
| 30 Year FHA Purchase | 7.31% | 11/17/24 |
| 30 Year FHA Refi | 7.46% | 11/17/24 |
| 30 Year VA Purchase | 6.20% | 11/17/24 |
| 30 Year VA Refi | 6.10% | 11/17/24 |
| 30 Year USDA Purchase | 6.93% | 11/17/24 |
| 30 Year USDA Refi | 6.27% | 11/17/24 |
| 15 Year Conventional Purchase | 6.31% | 11/17/24 |
| 15 Year Conventional Refi | 6.45% | 11/17/24 |
| 15 Year Cash-out Refi | 6.45% | 11/17/24 |
| 15 Year FHA Purchase | 5.68% | 11/17/24 |
| 15 Year FHA Refi | 8.24% | 11/17/24 |
| 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
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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
4,093Origination Dollar Volume (All Markets)
$707,065,000Awards
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TOWNE MORTGAGE COMPANY - 2019
TOWNE MORTGAGE COMPANY is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 401 | $69,175,000 | $172,506 | $4,458 | 4.35% |
| Outside of Metro Areas | 359 | $49,375,000 | $137,535 | $4,438 | 4.36% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 151 | $31,265,000 | $207,053 | $5,919 | 4.25% |
| COLUMBIA, SC (FHA|USDA|VA) | 187 | $30,745,000 | $164,412 | $4,635 | 4.25% |
| MUSKEGON, MI (FHA|USDA|VA) | 211 | $28,405,000 | $134,621 | $3,118 | 4.27% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 163 | $26,765,000 | $164,202 | $3,798 | 4.45% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 97 | $22,475,000 | $231,701 | $5,159 | 4.23% |
| FLINT, MI (FHA|USDA|VA) | 139 | $21,425,000 | $154,137 | $4,327 | 4.11% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 73 | $18,325,000 | $251,027 | $4,625 | 4.24% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 87 | $16,955,000 | $194,885 | $7,009 | 4.39% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 92 | $16,930,000 | $184,022 | $4,033 | 4.18% |
| GREEN BAY, WI (FHA|USDA|VA) | 86 | $13,270,000 | $154,302 | $3,708 | 4.35% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 59 | $12,675,000 | $214,831 | $4,881 | 4.47% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 76 | $11,280,000 | $148,421 | $4,484 | 4.48% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 61 | $10,975,000 | $179,918 | $5,022 | 4.09% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 48 | $10,220,000 | $212,917 | $4,382 | 4.20% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 46 | $8,820,000 | $191,739 | $5,371 | 4.22% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 42 | $8,260,000 | $196,667 | $4,478 | 4.04% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 25 | $7,815,000 | $312,600 | $7,901 | 4.10% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 42 | $7,770,000 | $185,000 | $6,833 | 4.14% |
| APPLETON, WI (FHA|USDA|VA) | 51 | $7,695,000 | $150,882 | $3,846 | 4.64% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 36 | $7,550,000 | $209,722 | $4,177 | 4.06% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 41 | $7,475,000 | $182,317 | $4,392 | 4.16% |
| Owatonna, MN (FHA|USDA|VA) | 45 | $7,375,000 | $163,889 | $3,639 | 4.14% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 32 | $7,290,000 | $227,813 | $5,882 | 4.32% |
| DULUTH, MN-WI (FHA|USDA|VA) | 42 | $7,140,000 | $170,000 | $5,126 | 3.93% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 51 | $6,835,000 | $134,020 | $4,048 | 4.35% |
| SAVANNAH, GA (FHA|USDA|VA) | 33 | $6,745,000 | $204,394 | $4,111 | 4.03% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 30 | $6,630,000 | $221,000 | $4,934 | 4.03% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 32 | $6,300,000 | $196,875 | $4,520 | 4.11% |
| MONROE, MI (FHA|USDA|VA) | 31 | $5,105,000 | $164,677 | $3,812 | 4.74% |
| VALDOSTA, GA (FHA|USDA|VA) | 31 | $5,005,000 | $161,452 | $4,619 | 4.27% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 33 | $4,855,000 | $147,121 | $4,419 | 4.29% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 15 | $4,525,000 | $301,667 | $4,416 | 4.02% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 27 | $4,485,000 | $166,111 | $4,760 | 4.26% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 19 | $4,265,000 | $224,474 | $8,871 | 3.94% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 32 | $4,200,000 | $131,250 | $3,629 | 4.32% |
| Brainerd, MN (FHA|USDA|VA) | 19 | $3,935,000 | $207,105 | $4,523 | 3.57% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 21 | $3,765,000 | $179,286 | $6,683 | 3.91% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 21 | $3,595,000 | $171,190 | $4,762 | 4.26% |
| FOND DU LAC, WI (FHA|USDA|VA) | 22 | $3,530,000 | $160,455 | $6,007 | 4.28% |
| SPARTANBURG, SC (FHA|USDA|VA) | 21 | $3,235,000 | $154,048 | $5,113 | 4.21% |
| SAGINAW, MI (FHA|USDA|VA) | 23 | $3,105,000 | $135,000 | $4,377 | 4.25% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 11 | $3,055,000 | $277,727 | $8,179 | 4.00% |
| Douglas, GA (FHA|USDA|VA) | 26 | $3,020,000 | $116,154 | $4,314 | 4.46% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 10 | $2,960,000 | $296,000 | $7,139 | 4.40% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 13 | $2,845,000 | $218,846 | $6,299 | 3.95% |
| Tifton, GA (FHA|USDA|VA) | 17 | $2,805,000 | $165,000 | $5,654 | 4.01% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 15 | $2,725,000 | $181,667 | $4,551 | 4.14% |
| ANN ARBOR, MI (FHA|USDA|VA) | 14 | $2,630,000 | $187,857 | $4,064 | 4.08% |
| ALBANY, GA (FHA|USDA|VA) | 15 | $2,315,000 | $154,333 | $4,060 | 4.21% |
| Waycross, GA (FHA|USDA|VA) | 16 | $2,300,000 | $143,750 | $5,207 | 3.97% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 10 | $2,250,000 | $225,000 | $7,353 | 4.37% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 15 | $2,225,000 | $148,333 | $3,685 | 4.08% |
| Mount Airy, NC (FHA|USDA|VA) | 17 | $2,175,000 | $127,941 | $4,543 | 4.43% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 8 | $2,080,000 | $260,000 | $3,648 | 4.03% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 8 | $2,070,000 | $258,750 | $5,499 | 3.92% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 10 | $2,050,000 | $205,000 | $5,929 | 4.15% |
| ROCHESTER, MN (FHA|USDA|VA) | 8 | $2,010,000 | $251,250 | $3,867 | 4.45% |
| MADISON, WI (FHA|USDA|VA) | 13 | $1,985,000 | $152,692 | $4,816 | 4.45% |
| RACINE, WI (FHA|USDA|VA) | 10 | $1,960,000 | $196,000 | $4,710 | 3.93% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 7 | $1,855,000 | $265,000 | $3,939 | 4.77% |
| WILMINGTON, NC (FHA|USDA|VA) | 10 | $1,790,000 | $179,000 | $4,400 | 4.46% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 4 | $1,790,000 | $447,500 | $6,019 | 4.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 5 | $1,765,000 | $353,000 | $9,855 | 3.68% |
| KNOXVILLE, TN (FHA|USDA|VA) | 13 | $1,745,000 | $134,231 | $4,097 | 4.73% |
| Findlay, OH (FHA|USDA|VA) | 13 | $1,715,000 | $131,923 | $6,225 | 4.20% |
| Manitowoc, WI (FHA|USDA|VA) | 15 | $1,715,000 | $114,333 | $3,346 | 4.69% |
| Mount Pleasant, MI (FHA|USDA|VA) | 14 | $1,700,000 | $121,429 | $5,010 | 4.45% |
| RICHMOND, VA (FHA|USDA|VA) | 7 | $1,685,000 | $240,714 | $4,561 | 4.66% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 5 | $1,685,000 | $337,000 | $6,553 | 4.25% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 7 | $1,655,000 | $236,429 | $8,082 | 4.20% |
| BURLINGTON, NC (FHA|USDA|VA) | 9 | $1,615,000 | $179,444 | $4,494 | 4.15% |
| BAY CITY, MI (FHA|USDA|VA) | 12 | $1,580,000 | $131,667 | $5,141 | 4.45% |
| Bluefield, WV-VA (FHA|USDA|VA) | 13 | $1,555,000 | $119,615 | $3,798 | 4.37% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 3 | $1,485,000 | $495,000 | $17,238 | 4.29% |
| ROANOKE, VA (FHA|USDA|VA) | 8 | $1,410,000 | $176,250 | $4,404 | 4.33% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 11 | $1,385,000 | $125,909 | $3,981 | 4.33% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 7 | $1,355,000 | $193,571 | $6,986 | 4.23% |
| Holland, MI (FHA|USDA|VA) | 8 | $1,340,000 | $167,500 | $3,724 | 4.39% |
| ASHEVILLE, NC (FHA|USDA|VA) | 5 | $1,325,000 | $265,000 | $8,668 | 3.95% |
| Newberry, SC (FHA|USDA|VA) | 9 | $1,325,000 | $147,222 | $5,156 | 4.40% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 5 | $1,285,000 | $257,000 | $6,089 | 3.93% |
| CLEVELAND, TN (FHA|USDA|VA) | 7 | $1,285,000 | $183,571 | $3,879 | 4.25% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 10 | $1,280,000 | $128,000 | $4,370 | 4.63% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 11 | $1,245,000 | $113,182 | $4,260 | 4.51% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 8 | $1,230,000 | $153,750 | $4,350 | 3.98% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 8 | $1,220,000 | $152,500 | $4,677 | 4.48% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 6 | $1,210,000 | $201,667 | $4,170 | 4.21% |
| Worthington, MN (FHA|USDA|VA) | 8 | $1,160,000 | $145,000 | $3,864 | 4.23% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 7 | $1,155,000 | $165,000 | $6,436 | 4.93% |
| Alma, MI (FHA|USDA|VA) | 10 | $1,130,000 | $113,000 | $4,555 | 4.14% |
| JACKSON, MI (FHA|USDA|VA) | 7 | $1,095,000 | $156,429 | $4,762 | 4.50% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 6 | $1,090,000 | $181,667 | $4,423 | 4.48% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 8 | $1,080,000 | $135,000 | $4,631 | 4.63% |
| Austin, MN (FHA|USDA|VA) | 11 | $1,065,000 | $96,818 | $4,183 | 4.05% |
| Adrian, MI (FHA|USDA|VA) | 8 | $1,030,000 | $128,750 | $4,505 | 4.31% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 5 | $1,025,000 | $205,000 | $8,364 | 3.90% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 6 | $1,000,000 | $166,667 | $6,365 | 4.12% |
| MOBILE, AL (FHA|USDA|VA) | 9 | $995,000 | $110,556 | $3,830 | 4.72% |
| COLUMBUS, OH (FHA|USDA|VA) | 7 | $985,000 | $140,714 | $3,830 | 4.16% |
| Athens, TN (FHA|USDA|VA) | 7 | $965,000 | $137,857 | $3,585 | 4.75% |
| Cordele, GA (FHA|USDA|VA) | 4 | $960,000 | $240,000 | $4,202 | 4.50% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 6 | $950,000 | $158,333 | $3,447 | 4.13% |
| MIDLAND, MI (FHA|USDA|VA) | 7 | $915,000 | $130,714 | $5,113 | 4.68% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 2 | $900,000 | $450,000 | $7,617 | 4.19% |
| Whitewater, WI (FHA|USDA|VA) | 4 | $890,000 | $222,500 | $6,018 | 4.13% |
| Baraboo, WI (FHA|USDA|VA) | 4 | $880,000 | $220,000 | $3,243 | 4.47% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $9,690 | 4.08% |
| FLORENCE, SC (FHA|USDA|VA) | 5 | $845,000 | $169,000 | $3,775 | 4.33% |
| Stevens Point, WI (FHA|USDA|VA) | 6 | $840,000 | $140,000 | $5,146 | 4.42% |
| Vidalia, GA (FHA|USDA|VA) | 4 | $830,000 | $207,500 | $6,994 | 3.91% |
| ST. CLOUD, MN (FHA|USDA|VA) | 4 | $790,000 | $197,500 | $4,414 | 3.56% |
| NILES, MI (FHA|USDA|VA) | 4 | $780,000 | $195,000 | $5,609 | 3.94% |
| GAINESVILLE, FL (FHA|USDA|VA) | 6 | $770,000 | $128,333 | $4,955 | 4.40% |
| North Wilkesboro, NC (FHA|USDA|VA) | 5 | $755,000 | $151,000 | $7,691 | 4.18% |
| SALEM, OR (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $5,278 | 3.44% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 5 | $745,000 | $149,000 | $4,659 | 4.45% |
| MONTGOMERY, AL (FHA|USDA|VA) | 6 | $740,000 | $123,333 | $4,774 | 4.85% |
| Glenwood Springs, CO (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $10,994 | 4.13% |
| Shawano, WI (FHA|USDA|VA) | 6 | $730,000 | $121,667 | $2,590 | 4.60% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 5 | $725,000 | $145,000 | $3,897 | 4.25% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 4 | $700,000 | $175,000 | $3,222 | 4.03% |
| ROCKFORD, IL (FHA|USDA|VA) | 6 | $690,000 | $115,000 | $3,886 | 4.25% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 4 | $680,000 | $170,000 | $3,817 | 4.44% |
| Ardmore, OK (FHA|USDA|VA) | 4 | $680,000 | $170,000 | $4,422 | 4.25% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $5,358 | 4.33% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 6 | $660,000 | $110,000 | $3,285 | 4.46% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $6,296 | 4.13% |
| Grand Rapids, MN (FHA|USDA|VA) | 4 | $640,000 | $160,000 | $4,226 | 3.84% |
| Scottsboro, AL (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $5,131 | 3.88% |
| Red Wing, MN (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $6,200 | 3.50% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $4,766 | 4.41% |
| Lawrenceburg, TN (FHA|USDA|VA) | 4 | $580,000 | $145,000 | $5,681 | 4.44% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $11,135 | 3.38% |
| HINESVILLE, GA (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $3,979 | 4.00% |
| Cullman, AL (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $3,971 | 4.63% |
| Thomasville, GA (FHA|USDA|VA) | 4 | $540,000 | $135,000 | $4,395 | 4.65% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 4 | $530,000 | $132,500 | $6,551 | 4.25% |
| Big Rapids, MI (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $3,946 | 4.04% |
| Seneca, SC (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $3,295 | 4.88% |
| Marinette, WI-MI (FHA|USDA|VA) | 6 | $520,000 | $86,667 | $3,910 | 4.67% |
| Moultrie, GA (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $4,598 | 4.13% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $8,815 | 4.46% |
| Statesboro, GA (FHA|USDA|VA) | 4 | $510,000 | $127,500 | $3,920 | 4.34% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $9,463 | 3.81% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $3,572 | 3.92% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $4,767 | 4.88% |
| Key West, FL (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $4,924 | 5.88% |
| St. Marys, GA (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $4,394 | 4.13% |
| GAINESVILLE, GA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $7,497 | 3.81% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $9,038 | 4.88% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 4 | $470,000 | $117,500 | $4,444 | 4.38% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 4 | $470,000 | $117,500 | $2,643 | 3.97% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $2,771 | 6.13% |
| SUMTER, SC (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $4,256 | 3.88% |
| Freeport, IL (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $2,956 | 4.58% |
| BRUNSWICK, GA (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $5,688 | 4.21% |
| Edwards, CO (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $8,760 | 4.63% |
| Ludington, MI (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $2,405 | 4.25% |
| Sevierville, TN (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $6,820 | 4.81% |
| Albemarle, NC (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $6,341 | 3.63% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $3,753 | 4.19% |
| Spirit Lake, IA (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $4,443 | 4.06% |
| Tiffin, OH (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $6,757 | 3.75% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $5,743 | 4.66% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $4,227 | 3.63% |
| Menomonie, WI (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $6,227 | 3.75% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $2,919 | 3.88% |
| Jesup, GA (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $3,523 | 4.21% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $3,478 | 4.04% |
| GADSDEN, AL (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $3,920 | 4.33% |
| Orangeburg, SC (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $2,709 | 4.00% |
| READING, PA (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $4,591 | 3.75% |
| Albert Lea, MN (FHA|USDA|VA) | 4 | $360,000 | $90,000 | $4,496 | 4.09% |
| Dublin, GA (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $5,166 | 4.00% |
| Newport, OR (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,569 | 4.38% |
| Atmore, AL (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $2,975 | 4.33% |
| Norwalk, OH (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $1,269 | 4.50% |
| Murray, KY (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $5,756 | 4.38% |
| MANKATO, MN (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $3,662 | 4.25% |
| Montrose, CO (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,947 | 4.13% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $4,073 | 4.00% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 3 | $305,000 | $101,667 | $4,392 | 4.46% |
| Cambridge, MD (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,636 | 4.00% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $7,871 | 4.50% |
| Dayton, TN (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $5,134 | 3.63% |
| Mayfield, KY (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $3,839 | 3.83% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $15,694 | 4.13% |
| Traverse City, MI (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $2,447 | 5.06% |
| Escanaba, MI (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $5,436 | 3.94% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,810 | 4.25% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,038 | 3.88% |
| Cornelia, GA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $597 | 4.00% |
| Paducah, KY-IL (FHA|USDA|VA) | 3 | $245,000 | $81,667 | $4,057 | 3.75% |
| Sturgis, MI (FHA|USDA|VA) | 3 | $245,000 | $81,667 | $3,653 | 4.92% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $3,961 | 5.31% |
| Beaver Dam, WI (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $3,580 | 5.06% |
| Shelby, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $13,898 | 4.38% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $8,197 | 3.75% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,283 | 4.25% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,346 | 4.25% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $2,905 | 4.56% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,611 | 3.75% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,672 | 3.50% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,525 | 3.50% |
| DOTHAN, AL (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $2,700 | 4.44% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,351 | 4.13% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,894 | 3.88% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,183 | 4.25% |
| Big Stone Gap, VA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,273 | 4.75% |
| Cadillac, MI (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $4,131 | 3.94% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,134 | 3.25% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,424 | 4.13% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,165 | 3.75% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,263 | 5.75% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,121 | 4.75% |
| Bainbridge, GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,998 | 3.38% |
| Albertville, AL (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $3,491 | 5.69% |
| Eufaula, AL-GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,002 | 2.88% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,528 | 3.50% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,698 | 4.50% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,266 | 3.63% |
| Milledgeville, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,769 | 5.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,680 | 4.63% |
| DOVER, DE (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,520 | 4.25% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,867 | 3.50% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,079 | 4.13% |
| Lake City, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,729 | 4.50% |
| LYNCHBURG, VA (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $3,978 | 4.19% |
| Sault Ste. Marie, MI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,169 | 4.00% |
| Mason City, IA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,895 | 4.25% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $8,236 | 4.50% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,187 | 5.00% |
| Quincy, IL-MO (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,976 | 5.50% |
| Astoria, OR (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,698 | 4.25% |
| Cookeville, TN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,809 | 3.38% |
| Fitzgerald, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,403 | 4.38% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,237 | 4.88% |
| MANSFIELD, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,738 | 5.00% |
| AKRON, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,205 | 3.38% |
| Torrington, CT (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,553 | 3.50% |
| Enterprise, AL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,652 | 5.63% |
| Forest City, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,956 | 4.00% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $8,299 | 3.50% |
| ROME, GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,561 | 3.50% |
| Thomaston, GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,422 | 4.38% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,318 | 4.25% |
| Sandusky, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,720 | 5.25% |
| Zanesville, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,024 | 4.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,933 | 3.75% |
| LONGVIEW, WA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,841 | 3.75% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,890 | 4.00% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,272 | 3.88% |
| Marquette, MI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,124 | 4.25% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,528 | 4.88% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,825 | 3.99% |
| Danville, VA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,754 | 4.00% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,994 | 5.13% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $6,256 | 4.00% |
| YAKIMA, WA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,685 | 3.50% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,904 | 4.75% |
| WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,335 | 4.75% |
| Brevard, NC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,306 | 3.88% |
| Wilmington, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,768 | 3.38% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,179 | 5.00% |
| Chillicothe, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,497 | 3.38% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,752 | 3.99% |
| Alpena, MI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $4,338 | 3.25% |
| Galesburg, IL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,255 | 4.13% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,707 | 4.00% |
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Product Mix
For 2019, Towne Mortgage Company's most frequently originated type of loan was Conventional, with 2,152 originations. Their 2nd most popular type was FHA, with 1,400 originations.
Loan Reason
For 2019, Towne Mortgage Company's most frequently cited loan purpose was Home Purchase, with 2,600 originations. The 2nd most popular reason was Cash Out Refi, with 762 originations.
Loan Duration/Length
For 2019, Towne Mortgage Company's most frequently cited loan duration was 30 Year, with 3,600 originations. The 2nd most popular length was 15 Year, with 317 originations.
Origination Fees/Closing Costs
Towne Mortgage Company's average total fees were $4,816, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,970 originations.
Interest Rates
During 2019, Towne Mortgage Company's average interest rate for loans was 4.33%, while their most frequently originated rate bucket for loans was 3-4%, with 1,817 originations.
Loan Sizing
2019 saw Towne Mortgage Company place emphasis on $100k-200k loans with 2,162 originations, totaling $315,540,000 in origination value.
Applicant Income
Towne Mortgage Company lent most frequently to those with incomes in the $50k-75k range, with 1,311 originations. The second most popular income band? $50k or less, with 1,221 originations.
Applicant Debt to Income Ratio
Towne Mortgage Company lent most frequently to those with DTI ratios of 20-30%, with 786 originations. The next most common DTI ratio? 30-36%, with 762 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.39%
Towne Mortgage Company has an average approval rate.
Pick Rate
Approvals leading to origination70.68%
Towne Mortgage Company has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 4,093 | $707,065,000 | $172,750 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 287 | $31,585,000 | $110,052 |
| Single Family (1-4 Units):Site-Built | 3,806 | $675,480,000 | $177,478 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| TOWNE MORTGAGE COMPANY | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 20.0% |
| TOWNE MORTGAGE COMPANY | Conventional home mortgage | Struggling to pay mortgage | 1 | 10.0% |
| TOWNE MORTGAGE COMPANY | Conventional home mortgage | Trouble during payment process | 1 | 10.0% |
| TOWNE MORTGAGE COMPANY | FHA mortgage | Struggling to pay mortgage | 2 | 20.0% |
| TOWNE MORTGAGE COMPANY | FHA mortgage | Trouble during payment process | 3 | 30.0% |
| TOWNE MORTGAGE COMPANY | VA mortgage | Trouble during payment process | 1 | 10.0% |