Towne Mortgage, LLC mortgage approval rate & lending review
Towne Mortgage, LLC decided 866 mortgage applications and funded 840 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Towne Mortgage, LLC 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, LLC at a glance
Approval is 10.2 points above the 87.2% 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 | 98% | 774 / 791 | 100% | $355K | 771 |
| Investment property purchase | 96% | 49 / 51 | 100% | $215K | 49 |
Towne Mortgage, LLC lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Virginia | 97% | $355K | 858 | 833 |
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, LLC lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Virginia Beach city, VA | Mortgage lenders | 98% | 310 | 304 |
| Chesapeake city, VA | Mortgage lenders | 99% | 172 | 171 |
| Norfolk city, VA | Mortgage lenders | 99% | 165 | 161 |
| Newport News city, VA | Mortgage lenders | 90% | 70 | 63 |
| Hampton city, VA | Mortgage lenders | 97% | 33 | 32 |
| Virginia Beach city, VA | Investment property purchase | 94% | 31 | 29 |
| Albemarle County, VA | Mortgage lenders | 100% | 23 | 23 |
The county markets where Towne Mortgage, LLC made the most loans. Each link opens that market with every lender ranked.
Questions about Towne Mortgage, LLC
What is Towne Mortgage, LLC's mortgage approval rate?
Towne Mortgage, LLC approved 97.3% of the 866 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 10.2 points above the 87.2% national rate for the same mix of loan types.
How often do borrowers take the loan Towne Mortgage, LLC offers?
Borrowers accepted 100% of the loans Towne Mortgage, LLC 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, LLC make?
The typical home purchase mortgage loan Towne Mortgage, LLC made was $355K; across all loan types its typical loan ran from $215K to $355K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Towne Mortgage, LLC lend?
Towne Mortgage, LLC decided applications in 4 of the states Fat Boy Data covers, most of them in Virginia, North Carolina and Florida.
Can I apply to Towne Mortgage, LLC directly?
No. Towne Mortgage, LLC 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, LLC'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, LLC treats applications, then get a rate quote from the lender.