Towne Mortgage of the Carolinas 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%
85th2.8% deniedPricingmedian rate spread over APOR, weight 30%
57th0.22 ptsProcesswithdrawn + incomplete share, weight 15%
41st13.7%Closing coststotal loan costs ÷ loan amount, weight 10%
47th2.01% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 574 | 471 | 3.8% | 4.4% | 6.63% | $130M |
| 2024 | 516 | 442 | 3.5% | 3.9% | 6.75% | $135M |
| 2025 | 205 | 172 | 2.4% | 2.8% | 6.63% | $59M |
What Towne Mortgage of the Carolinas 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, 3 manufactured homes, 9 investment properties.
Why Towne Mortgage of the Carolinas denies applications
Primary reason reported for each of the 5 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Towne Mortgage of the Carolinas
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 88 | 72 | 1.4% |
| $100k – $150k | 52 | 46 | 2.1% |
| $150k – $250k | 37 | 32 | 3.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 23 | 18 | 0.0% |
| 25–34 | 58 | 46 | 2.1% |
| 35–44 | 58 | 52 | 3.7% |
| 45–54 | 26 | 20 | 4.8% |
| 55–64 | 21 | 20 | 4.8% |
Where Towne Mortgage of the Carolinas lends
2 states and 27 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| North Carolina | 204 | 171 | 2.5% | 6.63% | #232 |
Frequently asked questions
Towne Mortgage of the Carolinas denied 2.8% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 85th percentile of small mortgage lenders.
The most common reason Towne Mortgage of the Carolinas gave in 2025 was "incomplete application", cited on 60.0% 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 Mortgage of the Carolinas originated in 2025 was 6.63%, and its median rate spread over the average prime offer rate was 0.22 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 96% of its applications were for home purchases, 4% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 81% conventional, 12% 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.