Towne Mortgage in Virginia vs the state
5.0%Denial rate-10.96 pts vs state
5.2%Decision denial rate-15.10 pts vs state
82.6%Origination rate+23.05 pts vs state
6.38%Median rate-0.25 pts vs state
0.26Rate spread (pts)+0.04 pts vs state
$79kMedian applicant income
199Loans originated
12Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 116 | 88 | 12.1% | 6.63% | #245 |
| 2024 | 198 | 146 | 5.1% | 6.69% | #203 |
| 2025 | 241 | 199 | 5.0% | 6.38% | #189 |
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 |
|---|---|---|---|---|
| Chesterfield County | 16 | 14 | 0 | 0.0% |
| Carroll County | 15 | 14 | 0 | 0.0% |
| Dinwiddie County | 12 | 9 | 2 | 16.7% |
| Southampton County | 11 | 10 | 0 | 0.0% |
| Tazewell County | 8 | 5 | 0 | 0.0% |
| Pulaski County | 6 | 6 | 0 | 0.0% |
| Smyth County | 6 | 5 | 0 | 0.0% |
| Portsmouth city | 6 | 5 | 0 | 0.0% |
| Washington County | 6 | 5 | 0 | 0.0% |
| Isle of Wight County | 6 | 6 | 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: 241 applications in 2025, of which 199 were originated and 12 denied.
5.0% of all applications, or 5.2% 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 6.38%, 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