Towne Mortgage in Virginia vs the state
1.0%Denial rate-14.94 pts vs state
1.3%Decision denial rate-18.99 pts vs state
78.0%Origination rate+18.48 pts vs state
6.50%Median rate-0.13 pts vs state
0.23Rate spread (pts)+0.01 pts vs state
$117kMedian applicant income
468Loans originated
6Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 497 | 390 | 3.0% | 6.75% | #101 |
| 2024 | 495 | 396 | 2.4% | 6.63% | #109 |
| 2025 | 600 | 468 | 1.0% | 6.50% | #100 |
What Towne Mortgage lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most Towne Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Virginia Beach city | 156 | 135 | 1 | 0.6% |
| Norfolk city | 88 | 68 | 1 | 1.1% |
| Chesapeake city | 65 | 55 | 0 | 0.0% |
| James City County | 62 | 42 | 1 | 1.6% |
| Suffolk city | 34 | 25 | 1 | 2.9% |
| Newport News city | 27 | 17 | 0 | 0.0% |
| Portsmouth city | 27 | 22 | 0 | 0.0% |
| Hampton city | 20 | 10 | 0 | 0.0% |
| Albemarle County | 16 | 13 | 0 | 0.0% |
| Isle of Wight County | 15 | 13 | 0 | 0.0% |
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: 600 applications in 2025, of which 468 were originated and 6 denied.
1.0% of all applications, or 1.3% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans Towne Mortgage originated in Virginia in 2025 was 6.50%, against a statewide median of 6.63%.
About this data. Figures are Towne Mortgage'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