Touchstone Bank Mortgage Rates, Fees & Info
Prince George, VALEI: 549300VZ3M0323R12653
Tax ID: 54-0132540
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Mortgage Data
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, Roanoke Rapids, Burlington, and Greenville among others. We have data for 13 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 an above average pick rate when compared to similar lenders.
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Originations
123Origination Dollar Volume (All Markets)
$45,925,000Top 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) | 47 | $16,705,000 | $355,426 | $0 | 0.00% |
| Outside of Metro Areas | 40 | $9,300,000 | $232,500 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 14 | $5,760,000 | $411,429 | $0 | 0.00% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 8 | $3,320,000 | $415,000 | $0 | 0.00% |
| BURLINGTON, NC (FHA|USDA|VA) | 2 | $2,990,000 | $1,495,000 | $0 | 0.00% |
| GREENVILLE, NC (FHA|USDA|VA) | 3 | $2,275,000 | $758,333 | $0 | 0.00% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $2,100,000 | $1,050,000 | $0 | 0.00% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $1,295,000 | $1,295,000 | $0 | 0.00% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $0 | 0.00% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $0 | 0.00% |
| Henderson, NC (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 0.00% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 123 | $45,925,000 | $373,374 | $0 | 0.00% |
For 2023, Touchstone Bank's most frequently originated type of loan was Conventional, with 123 originations.
Loan Reason
For 2023, Touchstone Bank's most frequently cited loan purpose was Home Purchase, with 77 originations. The 2nd most popular reason was Refi, with 41 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 123 | $45,925,000 | $373,374 | $0 | 0.00% |
For 2023, Touchstone Bank's most frequently cited loan duration was Other, with 123 originations.
Loan Sizing
2023 saw Touchstone Bank place emphasis on $100k-200k loans with 38 originations, totaling $5,740,000 in origination value.
Applicant Income
Touchstone Bank lent most frequently to those with incomes in the $250k+ range, with 17 originations. The second most popular income band? $100k-150k, with 15 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 123 | $45,925,000 | $373,374 | $0 | 0.00% |
Touchstone Bank lent most frequently to those with DTI ratios of Exempt%, with 123 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.20%
Touchstone Bank has an average approval rate.
Pick Rate
Approvals leading to origination94.31%
Touchstone Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 123 | $45,925,000 | $373,374 |