Towne Mortgage, LLC closing costs and rates (2024)
In 2024, Towne Mortgage, LLC originated 343 purchase mortgages at a median interest rate of 6.50% and median total closing costs of $8,986. That is $2,245 above the national median of $6,741. Towne Mortgage, LLC is most active in Virginia with 312 originations there.
Purchase Originations
343
Median Total Costs
$8,986
+33.3% vs national ($6,741)
Median Rate
6.500%
−1.8% vs national (6.620%)
Median Origination
$4,240
Median Lender Credits
$150
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 178 | 6.875% | $7,270 | $4,505 |
| va | 120 | 6.250% | $12,478 | $4,218 |
| fha | 44 | 6.250% | $11,166 | $3,620 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Virginia | 312 | 6.500% | $9,171 | #62 |
| North Carolina | 31 | 6.500% | $8,230 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $4,651 | 6.375% | — | 3 | −$4,335 | |
| 2 | $6,018 | 6.500% | — | 3 | −$2,968 | |
| 3 | $6,166 | 6.688% | — | 4 | −$2,820 | |
| 4 | $6,687 | 7.125% | — | 3 | −$2,299 | |
| 5 | $7,523 | 6.500% | — | 7 | −$1,463 | |
| 6 | $7,941 | 6.875% | — | 8 | −$1,045 | |
| 7 | $8,208 | 6.688% | — | 6 | −$778 | |
| 8 | $8,646 | 6.500% | — | 21 | −$340 | |
| 9 | $8,777 | 6.500% | — | 22 | −$209 | |
| 10 | $8,911 | 6.500% | — | 81 | −$75 | |
| 11 | $8,921 | 6.500% | — | 58 | −$65 | |
| 12 | $8,972 | 6.500% | — | 11 | −$14 | |
| 13 | $9,388 | 6.625% | — | 41 | +$402 | |
| 14 | $9,392 | 6.750% | — | 2 | +$406 | |
| 15 | $10,208 | 6.625% | — | 10 | +$1,222 | |
| 16 | $10,218 | 6.500% | — | 5 | +$1,232 | |
| 17 | $11,233 | 6.500% | — | 19 | +$2,247 | |
| 18 | $11,611 | 6.875% | — | 2 | +$2,625 | |
| 19 | $11,838 | 6.562% | — | 8 | +$2,852 | |
| 20 | $14,082 | 6.125% | — | 6 | +$5,096 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2024. Sorted by median total loan costs.
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Data source: HMDA Modified Loan Application Register 2024, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.