Towne First Mortgage at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the B grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
86th2.6% deniedPricingmedian rate spread over APOR, weight 30%
58th0.21 ptsProcesswithdrawn + incomplete share, weight 15%
36th14.7%Closing coststotal loan costs ÷ loan amount, weight 10%
61st1.64% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 400 | 328 | 3.3% | 3.8% | 6.75% | $118M |
| 2024 | 432 | 366 | 2.3% | 2.7% | 6.75% | $139M |
| 2025 | 314 | 260 | 2.2% | 2.6% | 6.63% | $102M |
What Towne First Mortgage lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 7 investment properties.
Why Towne First Mortgage denies applications
Primary reason reported for each of the 7 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Towne First Mortgage
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 96 | 80 | 3.6% |
| $100k – $150k | 74 | 67 | 0.0% |
| $150k – $250k | 84 | 66 | 1.5% |
| Over $250k | 54 | 44 | 2.2% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 21 | 19 | 0.0% |
| 25–34 | 85 | 76 | 0.0% |
| 35–44 | 62 | 50 | 5.7% |
| 45–54 | 56 | 44 | 6.4% |
| 55–64 | 45 | 37 | 0.0% |
| 65–74 | 34 | 26 | 3.7% |
Where Towne First Mortgage lends
2 states and 37 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Virginia | 313 | 259 | 2.2% | 6.63% | #157 |
Frequently asked questions
Towne First Mortgage denied 2.6% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 86th percentile of small mortgage lenders.
The most common reason Towne First Mortgage gave in 2025 was "debt-to-income ratio", cited on 57.1% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Towne First Mortgage originated in 2025 was 6.63%, and its median rate spread over the average prime offer rate was 0.21 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 97% of its applications were for home purchases, 3% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 77% conventional, 15% FHA, 7% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.