Purchase Originations
3,146
Ranked #156 nationally
Median Total Costs
$6,737
+0.8% vs national ($6,680)
↓ $581 vs prior year
Median Rate
6.490%
+0.0% vs national (6.490%)
↓ 0.010% vs prior year
Median Origination
$2,060
Median Lender Credits
$136
Cost Rank (500+ vol.)
#340
among lenders with 500+ originations
Denial Rate
3.3%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 2,050 | 6.625% | $5,513 | $2,216 |
| fha | 576 | 6.250% | $11,915 | $1,831 |
| va | 488 | 6.250% | $8,962 | $1,645 |
| usda | 32 | 6.250% | $8,811 | $2,523 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Maryland | 1,125 | 6.490% | $6,536 | #8 |
| North Carolina | 867 | 6.375% | $6,414 | #31 |
| Virginia | 831 | 6.490% | $7,081 | #25 |
| Alabama | 67 | 6.125% | $7,328 | #118 |
| Pennsylvania | 51 | 6.490% | $6,652 | #205 |
| Florida | 42 | 6.438% | $8,432 | — |
| South Carolina | 41 | 6.375% | $8,905 | — |
| District of Columbia | 26 | 6.490% | $8,300 | — |
| Louisiana | 25 | 6.250% | $7,257 | — |
| West Virginia | 17 | 6.625% | $7,373 | — |
| Texas | 13 | 6.250% | $9,373 | — |
| Delaware | 12 | 6.490% | $5,596 | — |
| Georgia | 11 | 6.500% | $8,428 | — |
| Mississippi | 10 | 6.688% | $7,401 | — |
| Tennessee | 6 | 6.433% | $6,204 | — |
| Indiana | 1 | 6.875% | $3,598 | — |
| Maine | 1 | 6.490% | $5,230 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $4,751 | 6.375% | — | 172 | −$1,986 | |
| 2 | $5,240 | 6.490% | — | 54 | −$1,497 | |
| 3 | $5,315 | 5.375% | — | 75 | −$1,422 | |
| 4 | $5,618 | 6.490% | — | 62 | −$1,119 | |
| 5 | $5,657 | 6.250% | — | 65 | −$1,080 | |
| 6 | $5,854 | 6.490% | — | 44 | −$883 | |
| 7 | $5,989 | 6.490% | — | 156 | −$748 | |
| 8 | $6,030 | 6.375% | — | 114 | −$707 | |
| 9 | $6,280 | 6.490% | — | 80 | −$457 | |
| 10 | $6,283 | 6.500% | — | 72 | −$454 | |
| 11 | $6,643 | 6.490% | — | 185 | −$94 | |
| 12 | $6,786 | 6.250% | — | 60 | +$49 | |
| 13 | $6,792 | 6.500% | — | 100 | +$55 | |
| 14 | $6,934 | 6.490% | — | 96 | +$197 | |
| 15 | $7,095 | 5.990% | — | 66 | +$358 | |
| 16 | $7,226 | 6.188% | — | 46 | +$489 | |
| 17 | $7,619 | 6.250% | — | 103 | +$882 | |
| 18 | $8,183 | 6.375% | — | 108 | +$1,446 | |
| 19 | $8,917 | 6.250% | — | 64 | +$2,180 | |
| 20 | $9,189 | 6.490% | — | 121 | +$2,452 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2025. Sorted by median total loan costs.
Peer set: the 50 highest-volume U.S. mortgage lenders in 2025 (min. 8,254 purchase originations).
| Metric | TowneBank | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $375,000 | $335,000 | +$40,000 (+11.9%) |
| Median total closing costs | $6,737 | $7,127 | −$390 (−5.5%) |
Other high-volume lenders side-by-side.
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Data source: HMDA Modified Loan Application Register 2025, 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.