Towne Bank in Virginia vs the state
7.2%Denial rate-8.71 pts vs state
8.1%Decision denial rate-12.15 pts vs state
79.5%Origination rate+19.94 pts vs state
6.75%Median rate+0.13 pts vs state
0.27Rate spread (pts)+0.05 pts vs state
$134kMedian applicant income
2,077Loans originated
189Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 2,118 | 1,679 | 5.6% | 7.43% | #34 |
| 2024 | 2,063 | 1,652 | 5.9% | 7.13% | #39 |
| 2025 | 2,614 | 2,077 | 7.2% | 6.75% | #32 |
What Towne Bank lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most Towne Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Virginia Beach city | 434 | 352 | 41 | 9.4% |
| Henrico County | 285 | 229 | 22 | 7.7% |
| Chesapeake city | 222 | 176 | 20 | 9.0% |
| Chesterfield County | 203 | 159 | 15 | 7.4% |
| Richmond city | 138 | 105 | 12 | 8.7% |
| Norfolk city | 135 | 102 | 14 | 10.4% |
| Suffolk city | 121 | 92 | 6 | 5.0% |
| Portsmouth city | 98 | 74 | 9 | 9.2% |
| James City County | 95 | 78 | 5 | 5.3% |
| Newport News city | 92 | 71 | 8 | 8.7% |
Other large lenders in Virginia
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Navy Federal Credit Union | D | 19,395 | 19.3% | 7.75% |
| Rocket Mortgage | C | 19,274 | 14.8% | 6.63% |
| United Shore Financial Services | B | 13,994 | 10.4% | 6.12% |
| Truist Bank | C | 11,838 | 31.6% | 6.49% |
| Mortgage Research Center | C | 9,000 | 16.7% | 6.25% |
| Pennymac Loan Services | C | 8,334 | 10.7% | 6.38% |
| Freedom Mortgage | B | 8,029 | 6.5% | 6.25% |
| Bank of America | F | 6,584 | 31.9% | 6.24% |
| Newrez | D | 6,390 | 16.4% | 6.38% |
| Movement Mortgage | A | 6,126 | 4.3% | 6.56% |
Frequently asked questions
Virginia: 2,614 applications in 2025, of which 2,077 were originated and 189 denied.
7.2% of all applications, or 8.1% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans Towne Bank originated in Virginia in 2025 was 6.75%, against a statewide median of 6.63%.
About this data. Figures are Towne Bank's own HMDA filing for properties located in Virginia, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology