Applications / Mortgage Analytics / Lenders / Virginia / Towne Mortgage
Norfolk, VA · Non-bank affiliate of a holding company · CFPB · 497 loans in 2025
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497
loans originated, 2025
642
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Towne Mortgage, a Norfolk mortgage company owned by a holding company, is a veterans' lender: 28.0% of its loans are guaranteed by the Department of Veterans Affairs (VA), the highest share among similar lenders.
Similar lenders, non-bank affiliates of holding companies making between a quarter and four times as many loans, put 5.1% of their lending into VA loans. Towne Mortgage put 28.0%, the highest of the group, and has done so for years: the share was 31.4% in 2020. Nearly all its loans, 97.4%, financed home purchases.
It ranks 25 of 577 lenders in Virginia Beach-Chesapeake-Norfolk, with 1.0% of the dollars, the same as in 2024. United Wholesale Mortgage and Mortgage Research Center lead there. It gained ground around Charlottesville, to 0.6% from 0.4%.
It made 497 loans, up 13% from 439, while the typical similar lender shrank 13% and the whole market grew 10%. Its growth was faster than at more than four in five of its peers. That is still well below the 1,276 loans it made in 2020.
Only 0.4% of its loans were higher-priced (a rate well above the average for similar loans), against 2.1% at peers. It made 14.8% of its loans in low- and moderate-income (LMI) neighborhoods, below the 18.9% of similar lenders, but 25.6% in majority-minority neighborhoods, above their 15.6%. Both figures may reflect where its borrowers, many of them veterans, choose to buy in its two states.
Similar lenders: same lender type, originations between a quarter and four times the lender's. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Towne Mortgage took 642 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 97.4% · Refinance 2.2% · Other 0.4%
Conventional 54.5% · VA 28.0% · FHA 16.7% · USDA (RHS or FSA) 0.8% · of 497 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 | 468 | 94.2% |
| North Carolina | 29 | 5.8% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Virginia Beach-Chesapeake-Norfolk | 425 |
| Charlottesville | 26 |
| Richmond | 9 |
| Staunton-Stuarts Draft | 5 |
| Arlington-Alexandria-Reston | 3 |
| Blacksburg-Christiansburg-Radford | 1 |
| Harrisonburg | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300RDO3TWTFEYC795 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 4264163 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 3208190898 |
Established 28 November 2006. Reported under HMDA 2010-2025.
Mergers, name changes, data editions and corrections: Towne Mortgage's data.
Towne Mortgage's data
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