Towne Bank
Mortgage Loan Application
Totals and Details
for 2020

Find mortgage loan statistics, lending data, and loan application totals for Virginia.
The mortgage statistics and data below are specific to mortgage loan applications for Towne Bank.
Search for mortgage lenders by state, county, or metropolitan area
and explore the loan application details and stats broken down by several loan categories from 2003-2022.

Mortgage Company & Address Towne Bank
5716 High Street West
Portsmouth, VA 23703
Tel #: available with data download
Federal Regulator * available with data download
Years 2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 18,349
Total Mortgage Loan Application Amount $5,917,685,000
Average Mortgage Loan Application Amount $273,400
Highest Mortgage Loan Application Amount $44,175,000
Average Applicant Income $190,400
Highest Applicant Income $3,734,000

Overall mortgage application loan totals and averages for this lender are provided for each year by county, metro area, and the entire US.
The loan data is broken down by loan purpose, loan type, applicant race, application outcome, and denial reason. With this information, you can get a detailed view of locations where the mortgage lender is actively processing applications as well as the types and outcomes of loans from these applications.
As you search for mortgage loan stats and lending data in VA, the totals and averages will help you understand where the lender does business as well as the volume of business they do.

Mortgage Loan Application Totals for Towne Bank by Metropolitan Area in 2020

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 3,603 $ 1,079,855,000 $ 295,500 $ 160,000
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 3,397 $ 1,289,665,000 $ 358,500 $ 127,250
BALTIMORE-COLUMBIA-TOWSON, MD 2,980 $ 951,050,000 $ 319,000 $ 122,000
WASHINGTON-BALTIMORE-ARLINGTON, DC 1,687 $ 624,425,000 $ 370,000 $ 136,000
RICHMOND, VA 1,193 $ 281,875,000 $ 236,000 $ 111,000
CHARLOTTE-CONCORD-GASTONIA, NC-SC 1,094 $ 360,590,000 $ 316,000 $ 149,500
NA (OUTSIDE OF MSA/MD) 990 $ 273,360,000 $ 331,666 $ 272,444
RALEIGH, NC 888 $ 304,220,000 $ 342,000 $ 165,000
WILMINGTON, NC 541 $ 180,395,000 $ 333,000 $ 137,000
CALIFORNIA-LEXINGTON PARK, MD 405 $ 123,635,000 $ 305,000 $ 130,000
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 294 $ 92,710,000 $ 275,000 $ 156,500
GREENVILLE, NC 199 $ 40,935,000 $ 205,000 $ 119,000
SALISBURY, MD-DE 159 $ 45,345,000 $ 285,000 $ 212,000
DURHAM-CHAPEL HILL, NC 126 $ 46,930,000 $ 372,000 $ 176,000
HAGERSTOWN-MARTINSBURG, MD-WV 110 $ 26,510,000 $ 238,500 $ 101,500
FAYETTEVILLE, NC 54 $ 10,740,000 $ 198,000 $ 82,000
YORK-HANOVER, PA 54 $ 12,050,000 $ 223,000 $ 106,000
GREENSBORO-HIGH POINT, NC 42 $ 15,020,000 $ 357,000 $ 275,000
WILMINGTON, DE-MD-NJ 30 $ 7,590,000 $ 252,500 $ 94,000
CHARLOTTESVILLE, VA 28 $ 9,400,000 $ 335,000 $ 189,000
ATLANTA-SANDY SPRINGS-ROSWELL, GA 25 $ 8,155,000 $ 326,000 $ 128,000
TAMPA-ST. PETERSBURG-CLEARWATER, FL 24 $ 8,120,000 $ 338,000 $ 135,000
JACKSONVILLE, NC 22 $ 5,080,000 $ 230,000 $ 105,000
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 22 $ 6,770,000 $ 307,000 $ 175,000
CHARLESTON-NORTH CHARLESTON, SC 21 $ 11,065,000 $ 526,000 $ 343,000
WINSTON-SALEM, NC 19 $ 4,975,000 $ 261,000 $ 177,000
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 18 $ 5,610,000 $ 311,000 $ 104,000
ASHEVILLE, NC 15 $ 4,335,000 $ 289,000 $ 139,000
CHAMBERSBURG-WAYNESBORO, PA 15 $ 3,805,000 $ 253,000 $ 109,000
LYNCHBURG, VA 15 $ 2,145,000 $ 143,000 $ 68,000
GETTYSBURG, PA 14 $ 3,180,000 $ 227,000 $ 75,000
PENSACOLA-FERRY PASS-BRENT, FL 14 $ 3,950,000 $ 282,000 $ 78,000
WINCHESTER, VA-WV 14 $ 4,420,000 $ 315,000 $ 118,000
CAPE CORAL-FORT MYERS, FL 10 $ 3,970,000 $ 397,000 $ 411,000
ROCKY MOUNT, NC 10 $ 1,360,000 $ 136,000 $ 76,000
WEST PALM BEACH-BOCA RATON-DELRAY BEACH, FL 10 $ 2,410,000 $ 241,000 $ 143,000
HARRISBURG-CARLISLE, PA 9 $ 2,175,000 $ 241,000 $ 101,000
HICKORY-LENOIR-MORGANTON, NC 9 $ 4,235,000 $ 470,000 $ 185,000
NEW BERN, NC 9 $ 2,735,000 $ 303,000 $ 126,000
NORTH PORT-SARASOTA-BRADENTON, FL 9 $ 2,395,000 $ 266,000 $ 117,000
PALM BAY-MELBOURNE-TITUSVILLE, FL 8 $ 2,950,000 $ 368,000 $ 252,000
ROANOKE, VA 8 $ 2,740,000 $ 342,000 $ 135,000
PHILADELPHIA, PA 7 $ 1,465,000 $ 209,000 $ 90,000
PITTSBURGH, PA 7 $ 1,565,000 $ 223,000 $ 130,000
PUNTA GORDA, FL 7 $ 1,575,000 $ 225,000 $ 118,000
BLACKSBURG-CHRISTIANSBURG-RADFORD, VA 6 $ 1,130,000 $ 188,000 $ 295,000
DOVER, DE 6 $ 1,090,000 $ 181,000 $ 85,000
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL 6 $ 1,880,000 $ 313,000 $ 170,000
GOLDSBORO, NC 6 $ 1,430,000 $ 238,000 $ 66,000
NAPLES-IMMOKALEE-MARCO ISLAND, FL 6 $ 2,130,000 $ 355,000 $ 137,000
BURLINGTON, NC 5 $ 3,795,000 $ 759,000 $ 45,000
COLUMBIA, SC 5 $ 755,000 $ 151,000 $ 56,000
HILTON HEAD ISLAND-BLUFFTON-BEAUFORT, SC 5 $ 2,075,000 $ 415,000 $ 217,000
STAUNTON-WAYNESBORO, VA 5 $ 1,135,000 $ 227,000 $ 102,000
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 4 $ 1,040,000 $ 260,000 $ 118,000
AUGUSTA-RICHMOND COUNTY, GA-SC 4 $ 670,000 $ 190,000 $ 49,500
BRUNSWICK, GA 4 $ 2,570,000 $ 642,000 $ 156,000
GREENVILLE-ANDERSON-MAULDIN, SC 4 $ 1,910,000 $ 477,000 $ 246,000
HARRISONBURG, VA 4 $ 650,000 $ 162,000 $ 79,000
JACKSONVILLE, FL 4 $ 1,530,000 $ 382,000 $ 264,000
LANCASTER, PA 4 $ 1,080,000 $ 270,000 $ 105,000
CHATTANOOGA, TN-GA 3 $ 535,000 $ 170,000 $ 60,000
HUNTINGTON-ASHLAND, WV-KY-OH 3 $ 545,000 $ 181,000 $ 122,000
MEMPHIS, TN-MS-AR 3 $ 785,000 $ 261,000 $ 269,000
MIAMI-MIAMI BEACH-KENDALL, FL 3 $ 1,045,000 $ 348,000 $ 154,000
ORLANDO-KISSIMMEE-SANFORD, FL 3 $ 895,000 $ 298,000 $ 238,000
SEBASTIAN-VERO BEACH, FL 3 $ 925,000 $ 308,000 $ 216,000
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 2 $ 590,000 $ 295,000 $ 114,000
CUMBERLAND, MD-WV 2 $ 240,000 $ 120,000 $ 45,000
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 2 $ 340,000 $ 170,000 $ 84,000
JOHNSON CITY, TN 2 $ 670,000 $ 335,000 $ 222,000
KINGSPORT-BRISTOL-BRISTOL, TN-VA 2 $ 310,000 $ 155,000 $ 68,500
KNOXVILLE, TN 2 $ 220,000 $ 110,000 $ 63,000
OCALA, FL 2 $ 710,000 $ 355,000 $ 103,000
PANAMA CITY, FL 2 $ 440,000 $ 220,000 $ 78,000
PORT ST. LUCIE, FL 2 $ 760,000 $ 380,000 $ 250,000
READING, PA 2 $ 620,000 $ 310,000 $ 140,000
STATE COLLEGE, PA 2 $ 1,810,000 $ 905,000 $ 0
ALTOONA, PA 1 $ 445,000 $ 445,000 $ 171,000
ATHENS-CLARKE COUNTY, GA 1 $ 315,000 $ 315,000 $ 152,000
AUSTIN-ROUND ROCK, TX 1 $ 225,000 $ 225,000 $ 0
CLARKSVILLE, TN-KY 1 $ 175,000 $ 175,000 $ 0
DENVER-AURORA-LAKEWOOD, CO 1 $ 505,000 $ 505,000 $ 0
ERIE, PA 1 $ 65,000 $ 65,000 $ 85,000
FLORENCE, SC 1 $ 155,000 $ 155,000 $ 86,000
GAINESVILLE, FL 1 $ 305,000 $ 305,000 $ 126,000
GAINESVILLE, GA 1 $ 255,000 $ 255,000 $ 55,000
LEBANON, PA 1 $ 95,000 $ 95,000 $ 0
MORGANTOWN, WV 1 $ 145,000 $ 145,000 $ 62,000
NEWARK, NJ-PA 1 $ 145,000 $ 145,000 $ 64,000
SAVANNAH, GA 1 $ 285,000 $ 285,000 $ 72,000
SCRANTON--WILKES-BARRE--HAZLETON, PA 1 $ 265,000 $ 265,000 $ 176,000
THE VILLAGES, FL 1 $ 205,000 $ 205,000 $ 44,000
WILLIAMSPORT, PA 1 $ 305,000 $ 305,000 $ 257,000

The mortgage data stats below are displayed in sortable categories such as loan purpose, race of mortgage applicant, loan type, the outcome of the application, and reason for denial.
Each category breaks down the total number of mortgage applications, the total dollar amount for those applications, the average mortgage amount, the highest mortgage loan applied for within that category, the average income of the mortgage applicants, and the highest income of the mortgage applicants.
You can also download the entire list of mortgage lenders along with their aggregated lending data for the state of Virginia, and search the same numbers and information back through 2003.

Mortgage Loan Application Detail Totals for Towne Bank in 2020

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Home Purchase 9,349 $2,979,835,000 $318,000 $44,175,000 $126,000 $3,250,000
Refinancing 6,769 $2,309,695,000 $341,000 $4,145,000 $153,000 $3,734,000
Cash-out Refinancing 1,492 $487,690,000 $326,000 $2,705,000 $143,000 $2,400,000
Other Purpose 435 $80,175,000 $184,000 $3,055,000 $261,000 $2,363,000
Home Improvement 304 $60,290,000 $198,000 $3,365,000 $269,000 $3,324,000
Not Applicable 0 $0 $0 $0 $0 $0

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
White 11,316 $3,654,830,000 $322,000 $3,505,000 $149,000 $3,324,000
Not Provided 2,462 $808,220,000 $328,000 $2,825,000 $175,000 $3,734,000
Black or African American 1,998 $566,790,000 $283,000 $2,205,000 $98,000 $890,000
Asian 1,002 $343,340,000 $342,000 $1,445,000 $122,000 $1,214,000
Hispanic 980 $286,050,000 $291,000 $1,255,000 $95,000 $1,115,000
Not applicable 479 $225,065,000 $469,000 $44,175,000 $109,000 $327,000
American Indian or Alaskan Native 47 $14,835,000 $315,000 $2,835,000 $118,000 $1,067,000
Native Hawaiian or Other Pacific Islander 26 $6,990,000 $268,000 $525,000 $109,000 $371,000

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 13,974 $4,452,100,000 $318,000 $44,175,000 $156,000 $3,734,000
VA-guaranteed (Veterans Administration) 2,416 $941,200,000 $389,000 $1,585,000 $107,000 $936,000
FHA-insured (Federal Housing Administration) 1,622 $441,190,000 $272,000 $855,000 $80,000 $688,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 337 $83,195,000 $246,000 $505,000 $66,000 $137,000

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Loan Originated 15,004 $4,843,920,000 $322,000 $44,175,000 $145,000 $3,591,000
Application Withdrawn By Applicant 2,198 $726,520,000 $330,000 $2,855,000 $133,000 $2,400,000
File Closed For Incompleteness 550 $197,760,000 $359,000 $2,705,000 $145,000 $2,400,000
Application Denied By Financial Institution 447 $111,685,000 $249,000 $2,155,000 $107,000 $2,514,000
Application Approved But Not Accepted 142 $35,690,000 $251,000 $1,005,000 $182,000 $3,734,000
Loan Purchased By The Institution 8 $2,110,000 $263,000 $635,000 $109,000 $327,000
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
Preapproval Denied by Financial Institution 0 $0 $0 $0 $0 $0

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Not applicable 17,902 $5,806,000,000 $324,000 $44,175,000 $143,000 $3,734,000
Credit History 169 $38,185,000 $225,000 $845,000 $100,000 $1,048,000
Debt-To-Income Ratio 98 $26,090,000 $266,000 $1,235,000 $84,000 $771,000
Credit Application Incomplete 56 $17,120,000 $305,000 $1,015,000 $140,000 $889,000
Collateral 55 $16,065,000 $292,000 $2,155,000 $142,000 $780,000
Other 26 $3,190,000 $122,000 $545,000 $187,000 $2,514,000
Employment History 22 $4,940,000 $224,000 $565,000 $34,000 $360,000
Unverifiable Information 14 $4,610,000 $329,000 $1,225,000 $98,000 $385,000
Insufficient Cash (Downpayment, Closing Cost) 7 $1,485,000 $212,000 $365,000 $66,000 $116,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

These totals and details for mortgage applications will give you a better idea of what to expect when researching mortgage lenders. Whether you are looking for a home loan, for home refinancing, or for home improvement loan statistics, we have the information you need. This mortgage loan data gives you everything you need to know as you start your search for the best lenders in VA, and gives you an idea of what the best mortgage lenders really are.

If you prefer, you can download a copy of the entire list of mortgage lenders in Virginia, and search similar information at your convenience.

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