Applications / Mortgage Analytics / Lenders / North Carolina / Towne Mortgage of the Carolinas
Raleigh, NC · Non-bank affiliate of a holding company · CFPB · 172 loans in 2025
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172
loans originated, 2025
205
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Towne Mortgage of the Carolinas, a Raleigh mortgage company owned by a holding company, lost more than half its business in 2025, yet it still lends more to modest-income buyers than most similar lenders.
It made 172 loans, down 61% from 442, while similar lenders, non-bank affiliates of holding companies making between a quarter and four times as many loans, shrank 6% while the whole market grew 10%. Its share of the Raleigh-Cary market fell to 0.2% from 0.6%. From 2022 to 2024 it had made between 442 and 487 loans a year. A choice to lend less, fewer loan officers or business moved elsewhere within its holding company could each explain it; the figures do not show which.
Borrowers with low or moderate incomes (LMI) took 35.5% of its loans, against 24.9% at similar lenders, more than at about four in five of them. It made 30.2% of its loans in majority-minority neighborhoods, about double the peer share of 15.7%. Both shares barely moved from 2024, so the fall in volume did not change whom it lends to.
Purchases made up 96.5% of its lending. Loans guaranteed by the Department of Veterans Affairs (VA) took 8.1%, against 5.3% at peers, and loans insured by the Federal Housing Administration (FHA) 13.4%, close to the peer figure of 13.0%. Only 0.7% of its loans were higher-priced (a rate well above the average for similar loans), against 2.1% at peers.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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 of the Carolinas took 205 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 96.5% · Refinance 3.5%
Conventional 78.5% · FHA 13.4% · VA 8.1% · of 172 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 |
|---|---|---|
| North Carolina | 171 | 99.4% |
| Florida | 1 | 0.6% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Raleigh-Cary | 100 |
| Durham-Chapel Hill | 29 |
| Goldsboro | 8 |
| Greensboro-High Point | 7 |
| Rocky Mount | 3 |
| Burlington | 1 |
| Charlotte-Concord-Gastonia | 1 |
| Greenville | 1 |
| Jacksonville | 1 |
| Wilmington | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493005NE66BD75BDB43 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 4264172 | 2013–2023 |
| Respondent ID (the HMDA filer code before 2018) | 3271026893 |
Established 24 September 2009. Reported under HMDA 2013-2025.
Mergers, name changes, data editions and corrections: Towne Mortgage of the Carolinas's data.
Towne Mortgage of the Carolinas's data
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Towne Mortgage of the Carolinas 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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