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 Refi and Home Purchase loans. Touchstone Bank has a high proportion of conventional loans. Their top markets by origination volume include: Richmond, Raleigh, Kill Devil Hills, Fayetteville, and Charleston among others. We have data for 19 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
201Origination Dollar Volume (All Markets)
$72,805,000Top 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) | 90 | $32,740,000 | $363,778 | $0 | 0.00% |
| Outside of Metro Areas | 50 | $9,570,000 | $191,400 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 19 | $6,725,000 | $353,947 | $0 | 0.00% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 5 | $4,945,000 | $989,000 | $0 | 0.00% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 2 | $4,810,000 | $2,405,000 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $3,305,000 | $3,305,000 | $0 | 0.00% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 8 | $1,850,000 | $231,250 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $1,505,000 | $1,505,000 | $0 | 0.00% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 6 | $1,410,000 | $235,000 | $0 | 0.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 4 | $1,280,000 | $320,000 | $0 | 0.00% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 4 | $820,000 | $205,000 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $0 | 0.00% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $0 | 0.00% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $0 | 0.00% |
| Wilson, NC (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $0 | 0.00% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $0 | 0.00% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| Shelby, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| Henderson, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 201 | $72,805,000 | $362,214 | $0 | 0.00% |
For 2022, Touchstone Bank's most frequently originated type of loan was Conventional, with 201 originations.
Loan Reason
For 2022, Touchstone Bank's most frequently cited loan purpose was Refi, with 119 originations. The 2nd most popular reason was Home Purchase, with 75 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 201 | $72,805,000 | $362,214 | $0 | 0.00% |
For 2022, Touchstone Bank's most frequently cited loan duration was Other, with 201 originations.
Loan Sizing
2022 saw Touchstone Bank place emphasis on $100,000 or less loans with 56 originations, totaling $3,610,000 in origination value.
Applicant Income
Touchstone Bank lent most frequently to those with incomes in the $150k-250k range, with 21 originations. The second most popular income band? $75k-100k, with 19 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 201 | $72,805,000 | $362,214 | $0 | 0.00% |
Touchstone Bank lent most frequently to those with DTI ratios of Exempt%, with 201 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.48%
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 origination96.02%
Touchstone Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 201 | $72,805,000 | $362,214 |