Lenders › TowneBank › Virginia
TowneBank in Virginia
HMDA record for properties in Virginia, calendar year 2024. National record · Virginia overview
HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Cells under 25 applications are withheld.
TowneBank's 2024 HMDA record for Virginia covers 2,063 applications, 1,652 of them originated, worth $568m.
Its denial rate in the state was 6.7%, below the Virginia rate of 22.1% across all lenders and compared with the lender's national rate of 6.2%.
The median rate spread on its Virginia originations was 0.4 percentage points (state median 0.3).
Applications in the state were about level with 2023.
Compared with the state and the lender's national record
| Measure | In Virginia | Virginia, all lenders | TowneBank, all states | United States |
|---|---|---|---|---|
| Denial rate | 6.7% | 22.1% | 6.2% | 24.3% |
| Median rate spread, pp | 0.4 | 0.3 | 0.3 | 0.3 |
| Originations with spread of 1.5 pp or more | 2.1% | 16.5% | 2.1% | 15.6% |
| Average originated loan | $344k | $352k | $374k | $329k |
| Home purchase share | 67.0% | 55.8% | 78.1% | 57.0% |
| FHA-insured share | 8.3% | 11.7% | 14.7% | 13.4% |
| VA-guaranteed share | 12.8% | 16.4% | 10.7% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateVirginia, all lenders
Loan purpose and loan type in Virginia
By purpose
Home purchase 67% (1,107)Home improvement 13% (210)Refinancing 10% (160)Cash-out refinancing 4% (61)Other purpose 7% (114)
By type
Conventional 79% (1,300)FHA 8% (137)VA 13% (212)USDA 0% (3)
Denial reasons as coded
Share of 121 denials in Virginia by first denial reason coded (outlined bar: all lenders in the state).
Counties in Virginia
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| Virginia Beach city | 350 | 279 | $132m | 7.9% |
| Chesapeake city | 207 | 155 | $44m | 8.0% |
| Henrico County | 161 | 125 | $40m | 7.2% |
| Norfolk city | 144 | 110 | $26m | 7.9% |
| Suffolk city | 133 | 107 | $35m | 8.2% |
| Chesterfield County | 114 | 94 | $27m | 5.1% |
| Portsmouth city | 100 | 85 | $16m | 8.4% |
| Fairfax County | 86 | 69 | $40m | 2.8% |
| Newport News city | 69 | 57 | $20m | 7.9% |
| Richmond city | 66 | 57 | $16m | 5.0% |
| James City County | 74 | 54 | $23m | 6.6% |
| Hampton city | 59 | 52 | $11m | 5.4% |
| York County | 54 | 46 | $15m | 4.2% |
| Isle of Wight County | 56 | 44 | $10m | 4.2% |
| Hanover County | 41 | 36 | $9.3m | 12.2% |
| Prince William County | 33 | 31 | $15m | 0.0% |
| Goochland County | 27 | 22 | $9.6m | — |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did TowneBank originate in Virginia in 2024?
1,652 loans totalling $568m, from 2,063 applications reported for properties in Virginia.
What is TowneBank's denial rate in Virginia?
6.7% of decided applications in Virginia were denied, against 22.1% for all lenders in the state and 6.2% for this lender nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.
Which Virginia counties does TowneBank lend in most?
By originations: Virginia Beach city (279), Chesapeake city (155), Henrico County (125), Norfolk city (110), Suffolk city (107).
Where does this data come from?
From the 2024 public HMDA loan/application register (FFIEC and CFPB), filtered to the lender's LEI and the property state. Cells under 25 applications are withheld.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records for this LEI with a property in Virginia. Built 1 Oct 2026; data through 1 Aug 2026. See methodology and corrections.