Applications / Mortgage Analytics / Lenders / Virginia / RW Towne
Norfolk, VA · Independent non-bank lender · CFPB · 462 loans in 2025
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462
loans originated, 2025
580
applications, 2025
4
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
RW Towne, a Norfolk lender that mostly finances home purchases, makes loans guaranteed by the Department of Veterans Affairs far more often than similar lenders.
Some 28.6% of its loans were guaranteed by the Department of Veterans Affairs (VA), against 5.2% at similar lenders, meaning independent non-bank lenders making between half and twice as many loans. That is higher than nearly all of them. The VA share has eased from 39.8% in 2020. Home purchases made up 92.9% of its lending.
It ranks 21 of 577 lenders in Virginia Beach-Chesapeake-Norfolk, but its share fell from 1.5% to 1.1%. Its loans fell 14% while similar lenders grew 2%. Whether it lost customers to rivals or simply found fewer buyers, the figures do not say.
Jumbo loans, larger than the conforming limit, made up 4.5% of its lending, against 1.0% at its peers, higher than about nine in ten of them. Its typical loan, $345,000, was close to theirs. Only 0.7% of its loans were higher-priced, against 1.6%.
It made 915 loans in 2020, then 452 in 2022. It has stayed between 452 and 539 since, making 462 in 2025.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2019–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. RW Towne took 580 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 92.9% · Refinance 5.0% · Other 2.2%
Conventional 57.1% · VA 28.6% · FHA 14.3% · of 462 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Virginia | 419 | 90.7% |
| North Carolina | 37 | 8.0% |
| Florida | 5 | 1.1% |
| Pennsylvania | 1 | 0.2% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Virginia Beach-Chesapeake-Norfolk | 432 |
| North Port-Bradenton-Sarasota | 2 |
| Roanoke | 2 |
| Arlington-Alexandria-Reston | 1 |
| Lakeland-Winter Haven | 1 |
| Palm Bay-Melbourne-Titusville | 1 |
| Philadelphia | 1 |
| Richmond | 1 |
| Tampa | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300JJVGBKK5UE5035 | 2019–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 5088508 | 2019–2023 |
Established 29 September 2016. Reported under HMDA 2019-2025.
Mergers, name changes, data editions and corrections: RW Towne's data.
RW Towne's data
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RW Towne and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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Every mortgage application reported under HMDA from 1990 to 2025, cleaned and corrected, every lender followed across name changes and mergers, with the market-share and fair-lending tables behind these pages and the Jenner programs that built them: the warehouse and the datamart, as Parquet files.
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