TowneBank closing costs and rates (2024)
In 2024, TowneBank originated 2,898 purchase mortgages at a median interest rate of 6.50% and median total closing costs of $7,318. That ranks #157 nationally by origination volume. For total closing costs among lenders with 500+ originations, TowneBank ranks #391. That is $577 above the national median of $6,741. TowneBank is most active in Maryland with 1,182 originations there.
Purchase Originations
2,898
Ranked #157 nationally
Median Total Costs
$7,318
+8.6% vs national ($6,741)
Median Rate
6.500%
−1.8% vs national (6.620%)
Median Origination
$2,575
Median Lender Credits
$162
Cost Rank (500+ vol.)
#391
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 1,811 | 6.625% | $5,762 | $2,708 |
| fha | 570 | 6.250% | $12,136 | $2,458 |
| va | 479 | 6.125% | $10,793 | $2,127 |
| usda | 38 | 6.188% | $8,476 | $2,709 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Maryland | 1,182 | 6.500% | $7,314 | #7 |
| North Carolina | 727 | 6.625% | $6,696 | #35 |
| Virginia | 669 | 6.625% | $7,671 | #31 |
| South Carolina | 79 | 6.375% | $7,885 | #133 |
| Florida | 46 | 6.625% | $7,267 | — |
| Pennsylvania | 43 | 6.625% | $6,007 | — |
| Louisiana | 41 | 6.750% | $7,864 | — |
| District of Columbia | 29 | 6.500% | $9,177 | — |
| Mississippi | 16 | 6.812% | $8,353 | — |
| Georgia | 13 | 6.625% | $8,137 | — |
| Colorado | 12 | 6.875% | $6,966 | — |
| West Virginia | 12 | 6.625% | $4,725 | — |
| Delaware | 11 | 6.625% | $4,928 | — |
| Texas | 11 | 6.490% | $9,454 | — |
| Alabama | 2 | 6.312% | $7,588 | — |
| Kentucky | 2 | 6.312% | $16,373 | — |
| Illinois | 1 | 5.750% | $6,952 | — |
| Ohio | 1 | 6.625% | $10,223 | — |
| Tennessee | 1 | 6.625% | $5,096 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $5,380 | 6.625% | — | 56 | −$1,938 | |
| 2 | $5,518 | 6.750% | — | 59 | −$1,800 | |
| 3 | $5,987 | 6.500% | — | 83 | −$1,331 | |
| 4 | $6,054 | 5.625% | — | 89 | −$1,264 | |
| 5 | $6,070 | 6.500% | — | 114 | −$1,248 | |
| 6 | $6,229 | 6.500% | — | 152 | −$1,089 | |
| 7 | $6,376 | 6.625% | — | 62 | −$942 | |
| 8 | $6,531 | 6.500% | — | 62 | −$787 | |
| 9 | $6,704 | 6.500% | — | 58 | −$614 | |
| 10 | $6,884 | 6.500% | — | 105 | −$434 | |
| 11 | $7,313 | 6.500% | — | 217 | −$5 | |
| 12 | $7,718 | 6.000% | — | 58 | +$400 | |
| 13 | $8,082 | 6.625% | — | 48 | +$764 | |
| 14 | $8,175 | 6.625% | — | 63 | +$857 | |
| 15 | $8,246 | 6.625% | — | 68 | +$928 | |
| 16 | $8,344 | 6.500% | — | 61 | +$1,026 | |
| 17 | $8,567 | 6.500% | — | 106 | +$1,249 | |
| 18 | $8,703 | 6.500% | — | 144 | +$1,385 | |
| 19 | $11,412 | 6.250% | — | 58 | +$4,094 | |
| 20 | $11,479 | 6.188% | — | 64 | +$4,161 |
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.