Touchstone Bank Mortgage Rates, Fees & Info

Prince George, VA

LEI: 549300VZ3M0323R12653

Tax ID: 54-0132540

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Touchstone Bank is a smaller bank specializing in Home Purchase and Refi loans. Touchstone Bank has a high proportion of conventional loans. Their top markets by origination volume include: Richmond, Raleigh, Virginia Beach, and Roanoke Rapids among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Touchstone Bank 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.

    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.

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    Originations

    27

    Origination Dollar Volume (All Markets)

    $12,325,000

    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
    RICHMOND, VA (FHA|USDA|VA) 18 $6,570,000 $365,000 $0 0.00%
    RALEIGH-CARY, NC (FHA|USDA|VA) 2 $2,100,000 $1,050,000 $0 0.00%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $1,675,000 $1,675,000 $0 0.00%
    Roanoke Rapids, NC (FHA|USDA|VA) 3 $1,315,000 $438,333 $0 0.00%
    Outside of Metro Areas 3 $665,000 $221,667 $0 0.00%
    Touchstone Bank's top markets include Richmond, Raleigh, Virginia Beach, and Roanoke Rapids among others.

    Their top states include:
  • Virginia (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 27 $12,325,000 $456,481 $0 0.00%

    For 2024, Touchstone Bank's most frequently originated type of loan was Conventional, with 27 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 15 $7,395,000 $493,000 $0 0.00%
    Refi 12 $4,930,000 $410,833 $0 0.00%

    For 2024, Touchstone Bank's most frequently cited loan purpose was Home Purchase, with 15 originations. The 2nd most popular reason was Refi, with 12 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 27 $12,325,000 $456,481 $0 0.00%

    For 2024, Touchstone Bank's most frequently cited loan duration was Other, with 27 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 9 $1,355,000 $150,556 $0 0.00%
    $200k-400k 5 $1,625,000 $325,000 $0 0.00%
    $100,000 or less 4 $240,000 $60,000 $0 0.00%
    $1MM+ 3 $5,525,000 $1,841,667 $0 0.00%
    $400k-600k 3 $1,415,000 $471,667 $0 0.00%
    $600k-1MM 3 $2,165,000 $721,667 $0 0.00%

    2024 saw Touchstone Bank place emphasis on $100k-200k loans with 9 originations, totaling $1,355,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 3 $615,000 $205,000 $0 0.00%
    $50k or less 3 $195,000 $65,000 $0 0.00%
    $150k-250k 1 $175,000 $175,000 $0 0.00%
    $75k-100k 1 $145,000 $145,000 $0 0.00%

    Touchstone Bank lent most frequently to those with incomes in the $100k-150k range, with 3 originations. The second most popular income band? $50k or less, with 3 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 27 $12,325,000 $456,481 $0 0.00%

    Touchstone Bank lent most frequently to those with DTI ratios of Exempt%, with 27 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 19 $11,195,000 $589,211 $0 0.00%
    White 7 $1,045,000 $149,286 $0 0.00%
    Black 1 $85,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    Touchstone Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    81.48%

    Touchstone Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 27 $12,325,000 $456,481

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    27 $12,325,000 $456,481