TowneBank mortgage approval rate & lending review
TowneBank decided 12,510 mortgage applications and funded 11,567 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions TowneBank reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
TowneBank at a glance
Approval is 10.3 points above the 83.9% 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% | 8,602 / 8,947 | 99% | $385K | 8,505 |
| Home improvement loans | 83% | 890 / 1,074 | 94% | $115K | 837 |
| Cash-out refinance | 85% | 338 / 396 | 99% | $325K | 333 |
| Refinance | 90% | 667 / 737 | 95% | $225K | 632 |
| Investment property purchase | 96% | 1,093 / 1,135 | 98% | $235K | 1,072 |
| Investment cash-out refinance | 89% | 73 / 82 | 97% | $195K | 71 |
| Investment refinance | 91% | 86 / 94 | 97% | $255K | 83 |
| Investment home improvement | 82% | 37 / 45 | 92% | $135K | 34 |
TowneBank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Maryland | 96% | $385K | 4,103 | 3,894 |
| Virginia | 94% | $315K | 3,761 | 3,427 |
| North Carolina | 93% | $355K | 3,410 | 3,126 |
| South Carolina | 91% | $355K | 323 | 285 |
| Florida | 94% | $345K | 178 | 166 |
| Pennsylvania | 98% | $255K | 164 | 157 |
| Louisiana | 86% | $245K | 128 | 110 |
| District of Columbia | 91% | $485K | 101 | 90 |
| Alabama | 95% | $275K | 83 | 79 |
| Delaware | 94% | $305K | 67 | 63 |
| Georgia | 78% | $505K | 50 | 39 |
| Mississippi | 94% | $275K | 36 | 32 |
| Texas | 97% | $365K | 36 | 35 |
| West Virginia | 89% | $275K | 27 | 24 |
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 TowneBank lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Anne Arundel County, MD | Mortgage lenders | 98% | 650 | 631 |
| Montgomery County, MD | Mortgage lenders | 98% | 625 | 601 |
| Prince George's County, MD | Mortgage lenders | 94% | 522 | 481 |
| Wake County, NC | Mortgage lenders | 95% | 483 | 458 |
| Henrico County, VA | Mortgage lenders | 97% | 353 | 340 |
| Frederick County, MD | Mortgage lenders | 99% | 337 | 329 |
| Mecklenburg County, NC | Mortgage lenders | 95% | 321 | 301 |
| Virginia Beach city, VA | Mortgage lenders | 96% | 325 | 300 |
| Pitt County, NC | Mortgage lenders | 98% | 274 | 268 |
| Howard County, MD | Mortgage lenders | 96% | 252 | 241 |
| Chesterfield County, VA | Mortgage lenders | 96% | 248 | 236 |
| Chesapeake city, VA | Mortgage lenders | 95% | 245 | 228 |
The county markets where TowneBank made the most loans. Each link opens that market with every lender ranked.
Questions about TowneBank
What is TowneBank's mortgage approval rate?
TowneBank approved 94.2% of the 12,510 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 10.3 points above the 83.9% national rate for the same mix of loan types.
How often do borrowers take the loan TowneBank offers?
Borrowers accepted 98% of the loans TowneBank 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 TowneBank make?
The typical home purchase mortgage loan TowneBank made was $385K; across all loan types its typical loan ran from $115K to $385K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does TowneBank lend?
TowneBank decided applications in 21 of the states Fat Boy Data covers, most of them in Maryland, Virginia and North Carolina.
Can I apply to TowneBank directly?
Yes. TowneBank is a bank or credit union with 81 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show TowneBank'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 TowneBank treats applications, then get a rate quote from the lender.