Towne Mortgage Company mortgage approval rate & lending review
Towne Mortgage Company decided 13,995 mortgage applications and funded 11,680 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Towne Mortgage Company reported under the Home Mortgage Disclosure Act, not its advertised interest rates. For current rates and applications go to townemortgage.com.
This lender is broker only. It does not take applications from borrowers directly; you would reach it through a mortgage broker.
Towne Mortgage Company at a glance
Approval is 10.3 points above the 84.8% national rate for the same mix of loan types.
Approval rates by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 96% | 10,705 / 11,193 | 89% | $285K | 9,483 |
| Cash-out refinance | 91% | 1,252 / 1,377 | 84% | $225K | 1,048 |
| Refinance | 95% | 854 / 902 | 85% | $305K | 727 |
| Investment property purchase | 95% | 347 / 365 | 88% | $185K | 305 |
| Investment cash-out refinance | 92% | 86 / 93 | 86% | $205K | 74 |
| Investment refinance | 93% | 42 / 45 | 76% | $185K | 32 |
Towne Mortgage Company lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Illinois | 96% | $285K | 2,713 | 2,297 |
| Florida | 93% | $335K | 1,871 | 1,528 |
| Texas | 96% | $285K | 1,736 | 1,494 |
| Michigan | 95% | $185K | 1,076 | 894 |
| Alabama | 96% | $205K | 752 | 654 |
| Colorado | 98% | $435K | 749 | 637 |
| South Carolina | 94% | $235K | 590 | 508 |
| Pennsylvania | 95% | $215K | 531 | 458 |
| Georgia | 95% | $285K | 465 | 376 |
| Louisiana | 96% | $235K | 324 | 272 |
| North Carolina | 93% | $285K | 314 | 242 |
| Maryland | 94% | $195K | 308 | 247 |
| Wisconsin | 93% | $235K | 292 | 242 |
| Arizona | 90% | $395K | 274 | 209 |
| California | 94% | $465K | 204 | 159 |
Fat Boy Data covers 616 counties, 79.6% of the US population, not every county in every state. States with fewer than 20 decisions are not listed.Methodology.
Where Towne Mortgage Company lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Cook County, IL | Mortgage lenders | 96% | 1,148 | 946 |
| Lake County, IL | Mortgage lenders | 98% | 221 | 197 |
| Genesee County, MI | Mortgage lenders | 97% | 166 | 149 |
| Will County, IL | Mortgage lenders | 95% | 171 | 146 |
| Mobile County, AL | Mortgage lenders | 99% | 155 | 144 |
| DuPage County, IL | Mortgage lenders | 97% | 160 | 139 |
| Etowah County, AL | Mortgage lenders | 96% | 152 | 137 |
| Muskegon County, MI | Mortgage lenders | 100% | 146 | 135 |
| Cook County, IL | Refinance | 95% | 148 | 125 |
| McHenry County, IL | Mortgage lenders | 97% | 139 | 122 |
| Jackson County, MI | Mortgage lenders | 95% | 128 | 109 |
| El Paso County, CO | Mortgage lenders | 98% | 131 | 106 |
The county markets where Towne Mortgage Company made the most loans. Each link opens that market with every lender ranked.
Questions about Towne Mortgage Company
What is Towne Mortgage Company's mortgage approval rate?
Towne Mortgage Company approved 95.1% of the 13,995 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 10.3 points above the 84.8% national rate for the same mix of loan types.
How often do borrowers take the loan Towne Mortgage Company offers?
Borrowers accepted 88% of the loans Towne Mortgage Company approved, against 96% for all home purchase mortgage lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Towne Mortgage Company make?
The typical home purchase mortgage loan Towne Mortgage Company made was $285K; across all loan types its typical loan ran from $185K to $305K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Towne Mortgage Company lend?
Towne Mortgage Company decided applications in 46 of the states Fat Boy Data covers, most of them in Illinois, Florida and Texas.
Can I apply to Towne Mortgage Company directly?
No. Towne Mortgage Company is a wholesale lender: it funds loans that mortgage brokers bring to it and does not take applications from borrowers directly. Its website is townemortgage.com.
Does this page show Towne Mortgage Company's interest rates?
No. HMDA filings record who applied, who was approved and how much was borrowed, not the rate offered. Use the approval rate and take-up here to judge how Towne Mortgage Company treats applications, then get a rate quote from the lender.