Townebank Mortgage Lending & HMDA Data, 2015

In 2015, Townebank of Portsmouth, VA reported 4,230 mortgage applications totaling $1.0 billion, down 29% from 2014. The average application was for $246,522, and applicants reported an average income of $103,507. 84% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Virginia Beach-Norfolk-Newport News, VA-NC (1,330), Richmond, VA (829) and Charlotte-Concord-Gastonia, NC-SC (442) (applications in parentheses).

Mortgage Company & Address Townebank
5716 High Street West
Portsmouth, VA 23703
Tel #: available with data download
Federal Regulator * available with data download
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Total Number of Mortgage Applications 4,230
Total Mortgage Loan Application Amount $1,042,790,000
Average Mortgage Loan Application Amount $246,522
Highest Mortgage Loan Application Amount $25,000,000
Average Applicant Income $103,507
Highest Applicant Income $3,134,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Townebank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.

Mortgage Loan Application Totals for Townebank by County in 2015

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Virginia Beach, Virginia 376 $ 174,568,000 $ 464,276 $ 126,000
New Hanover, North Carolina 292 $ 64,788,000 $ 221,876 $ 103,000
Henrico, Virginia 254 $ 52,622,000 $ 207,173 $ 80,000
Mecklenburg, North Carolina 243 $ 45,424,000 $ 186,930 $ 74,000
Chesapeake, Virginia 229 $ 52,500,000 $ 229,257 $ 90,000
Dare, North Carolina 196 $ 62,317,000 $ 317,943 $ 174,000
Brunswick, North Carolina 175 $ 37,903,000 $ 216,588 $ 113,000
Chesterfield, Virginia 174 $ 34,136,000 $ 196,183 $ 83,000
Wake, North Carolina 154 $ 30,144,000 $ 195,740 $ 84,000
Norfolk, Virginia 147 $ 37,404,000 $ 254,448 $ 121,000
Richmond City, Virginia 147 $ 40,275,000 $ 273,979 $ 105,000
Hanover, Virginia 135 $ 32,110,000 $ 237,851 $ 94,000
Suffolk, Virginia 119 $ 30,747,000 $ 258,378 $ 131,000
Currituck, North Carolina 116 $ 38,540,000 $ 332,241 $ 178,000
Portsmouth, Virginia 96 $ 13,862,000 $ 144,395 $ 60,000
Albemarle, Virginia 66 $ 17,309,000 $ 262,257 $ 94,000
Union, North Carolina 64 $ 17,082,000 $ 266,906 $ 101,000
Dorchester, South Carolina 61 $ 12,515,000 $ 205,163 $ 67,000
James City, Virginia 58 $ 20,555,000 $ 354,396 $ 216,000
Pender, North Carolina 54 $ 14,172,000 $ 262,444 $ 108,000
Isle of Wight, Virginia 53 $ 15,499,000 $ 292,433 $ 123,000
Pasquotank, North Carolina 50 $ 7,890,000 $ 157,800 $ 76,000
Nash, North Carolina 47 $ 4,437,000 $ 94,404 $ 57,000
Newport News, Virginia 43 $ 9,947,000 $ 231,325 $ 87,000
York, South Carolina 37 $ 6,903,000 $ 186,567 $ 70,000
York, Virginia 37 $ 10,294,000 $ 278,216 $ 143,000
Cabarrus, North Carolina 33 $ 5,910,000 $ 179,090 $ 77,000
Johnston, North Carolina 32 $ 4,527,000 $ 141,468 $ 54,000
Berkeley, South Carolina 31 $ 5,524,000 $ 178,193 $ 62,000
Augusta, Virginia 30 $ 5,723,000 $ 190,766 $ 72,000
Charlottesville, Virginia 26 $ 5,627,000 $ 216,423 $ 86,000
Hampton, Virginia 25 $ 4,114,000 $ 164,560 $ 109,000
Iredell, North Carolina 21 $ 4,516,000 $ 215,047 $ 76,000
Charleston, South Carolina 21 $ 3,475,000 $ 165,476 $ 40,000
New Kent, Virginia 20 $ 4,773,000 $ 238,650 $ 101,000
Lancaster, South Carolina 18 $ 3,356,000 $ 186,444 $ 70,000
Cumberland, North Carolina 17 $ 1,858,000 $ 109,294 $ 58,000
Goochland, Virginia 17 $ 4,787,000 $ 281,588 $ 97,000
Camden, North Carolina 16 $ 3,957,000 $ 247,312 $ 86,000
Onslow, North Carolina 16 $ 4,166,000 $ 260,375 $ 152,000
Gloucester, Virginia 16 $ 5,150,000 $ 321,875 $ 157,000
King William, Virginia 16 $ 2,572,000 $ 160,750 $ 62,000
Sampson, North Carolina 15 $ 1,443,000 $ 96,200 $ 46,000
Gaston, North Carolina 14 $ 2,370,000 $ 169,285 $ 77,000
Colonial Heights, Virginia 14 $ 2,199,000 $ 157,071 $ 64,000
Durham, North Carolina 13 $ 1,891,000 $ 145,461 $ 67,000
Fluvanna, Virginia 13 $ 2,222,000 $ 170,923 $ 70,000
Staunton, Virginia 13 $ 1,733,000 $ 133,307 $ 69,000
Waynesboro, Virginia 12 $ 2,400,000 $ 200,000 $ 83,000
Perquimans, North Carolina 11 $ 2,229,000 $ 202,636 $ 98,000
Petersburg, Virginia 10 $ 1,019,000 $ 101,900 $ 48,000
Alamance, North Carolina 9 $ 812,000 $ 90,222 $ 46,000
Horry, South Carolina 9 $ 1,736,000 $ 192,888 $ 93,000
Dinwiddie, Virginia 9 $ 1,052,000 $ 116,888 $ 48,000
Poquoson, Virginia 9 $ 4,296,000 $ 477,333 $ 175,000
Powhatan, Virginia 9 $ 1,940,000 $ 215,555 $ 70,000
Louisa, Virginia 8 $ 1,414,000 $ 176,750 $ 89,000
Rockingham, Virginia 8 $ 1,190,000 $ 148,750 $ 56,000
Harnett, North Carolina 7 $ 1,296,000 $ 185,142 $ 65,000
Orange, North Carolina 7 $ 2,394,000 $ 342,000 $ 124,000
Prince George, Virginia 7 $ 1,456,000 $ 208,000 $ 55,000
Cleveland, North Carolina 6 $ 558,000 $ 93,000 $ 55,000
Franklin, North Carolina 6 $ 1,135,000 $ 189,166 $ 70,000
Lee, North Carolina 6 $ 444,000 $ 74,000 $ 43,000
Lincoln, North Carolina 6 $ 1,513,000 $ 252,166 $ 105,000
Rowan, North Carolina 6 $ 966,000 $ 161,000 $ 79,000
Greene, Virginia 6 $ 1,076,000 $ 179,333 $ 91,000
Edgecombe, North Carolina 5 $ 374,000 $ 74,800 $ 33,000
Amelia, Virginia 5 $ 602,000 $ 120,400 $ 47,000
Fairfax, Virginia 5 $ 1,909,000 $ 381,800 $ 139,000
King George, Virginia 5 $ 1,225,000 $ 245,000 $ 87,000
Northampton, Virginia 5 $ 1,242,000 $ 248,400 $ 261,000
Nottoway, Virginia 5 $ 617,000 $ 123,400 $ 43,000
Williamsburg, Virginia 5 $ 1,186,000 $ 237,200 $ 136,000
Buncombe, North Carolina 4 $ 684,000 $ 171,000 $ 34,000
Duplin, North Carolina 4 $ 475,000 $ 118,750 $ 42,000
Beaufort, South Carolina 4 $ 970,000 $ 242,500 $ 60,000
Greenville, South Carolina 4 $ 485,000 $ 121,250 $ 79,000
Bedford, Virginia 4 $ 704,000 $ 176,000 $ 47,000
Charles City, Virginia 4 $ 844,000 $ 211,000 $ 54,000
Hopewell, Virginia 4 $ 529,000 $ 132,250 $ 45,000
Nelson, Virginia 4 $ 660,000 $ 165,000 $ 154,000
Orange, Virginia 4 $ 985,000 $ 246,250 $ 138,000
Roanoke, Virginia 4 $ 1,016,000 $ 254,000 $ 145,000
Carteret, North Carolina 3 $ 887,000 $ 295,666 $ 122,000
Chowan, North Carolina 3 $ 671,000 $ 223,666 $ 101,000
Columbus, North Carolina 3 $ 612,000 $ 204,000 $ 111,000
Hyde, North Carolina 3 $ 739,000 $ 246,333 $ 244,000
Pitt, North Carolina 3 $ 217,000 $ 72,333 $ 67,000
Sevier, Tennessee 3 $ 584,000 $ 194,666 $ 68,000
Harrisonburg, Virginia 3 $ 361,000 $ 120,333 $ 41,000
King and Queen, Virginia 3 $ 697,000 $ 232,333 $ 80,000
Madison, Virginia 3 $ 1,051,000 $ 350,333 $ 120,000
Rockbridge, Virginia 3 $ 336,000 $ 112,000 $ 67,000
Spotsylvania, Virginia 3 $ 532,000 $ 177,333 $ 34,000
Broward, Florida 2 $ 387,000 $ 193,500 $ 93,000
Coweta, Georgia 2 $ 508,000 $ 254,000 $ 101,000
Beaufort, North Carolina 2 $ 330,000 $ 165,000 $ 123,000
Bertie, North Carolina 2 $ 710,000 $ 355,000 $ 147,000
Catawba, North Carolina 2 $ 1,012,000 $ 506,000 $ 208,000
Chatham, North Carolina 2 $ 493,000 $ 246,500 $ 146,000
Forsyth, North Carolina 2 $ 619,000 $ 309,500 $ 137,000
Granville, North Carolina 2 $ 426,000 $ 213,000 $ 104,000
Guilford, North Carolina 2 $ 266,000 $ 133,000 $ 55,000
Hertford, North Carolina 2 $ 186,000 $ 93,000 $ 35,000
Jackson, North Carolina 2 $ 521,000 $ 260,500 $ 255,000
Moore, North Carolina 2 $ 326,000 $ 163,000 $ 77,000
Rockingham, North Carolina 2 $ 268,000 $ 134,000 $ 39,000
Tyrrell, North Carolina 2 $ 546,000 $ 273,000 $ 177,000
Cocke, Tennessee 2 $ 306,000 $ 153,000 $ 51,000
Brunswick, Virginia 2 $ 402,000 $ 201,000 $ 43,000
Campbell, Virginia 2 $ 157,000 $ 78,500 $ 13,000
Caroline, Virginia 2 $ 416,000 $ 208,000 $ 81,000
Halifax, Virginia 2 $ 221,000 $ 110,500 $ 74,000
Lunenburg, Virginia 2 $ 1,669,000 $ 834,500 $ 37,000
Middlesex, Virginia 2 $ 1,278,000 $ 639,000 $ 199,000
Montgomery, Virginia 2 $ 275,000 $ 137,500 $ 36,000
Pittsylvania, Virginia 2 $ 93,000 $ 46,500 $ 0
Prince William, Virginia 2 $ 456,000 $ 228,000 $ 100,000
Shenandoah, Virginia 2 $ 256,000 $ 128,000 $ 44,000
Surry, Virginia 2 $ 353,000 $ 176,500 $ 87,000
Sussex, Virginia 2 $ 125,000 $ 62,500 $ 26,000
Manatee, Florida 1 $ 337,000 $ 337,000 $ 143,000
Polk, Florida 1 $ 177,000 $ 177,000 $ 41,000
Sumter, Florida 1 $ 203,000 $ 203,000 $ 108,000
Butts, Georgia 1 $ 172,000 $ 172,000 $ 56,000
Chatham, Georgia 1 $ 105,000 $ 105,000 $ 613,000
Cobb, Georgia 1 $ 205,000 $ 205,000 $ 37,000
Columbia, Georgia 1 $ 309,000 $ 309,000 $ 155,000
Fayette, Georgia 1 $ 142,000 $ 142,000 $ 45,000
Fulton, Georgia 1 $ 161,000 $ 161,000 $ 177,000
Gwinnett, Georgia 1 $ 310,000 $ 310,000 $ 131,000
Baltimore, Maryland 1 $ 15,000 $ 15,000 $ 0
Burke, North Carolina 1 $ 209,000 $ 209,000 $ 41,000
Davidson, North Carolina 1 $ 120,000 $ 120,000 $ 50,000
Davie, North Carolina 1 $ 225,000 $ 225,000 $ 80,000
Halifax, North Carolina 1 $ 522,000 $ 522,000 $ 482,000
Henderson, North Carolina 1 $ 252,000 $ 252,000 $ 65,000
Macon, North Carolina 1 $ 321,000 $ 321,000 $ 0
McDowell, North Carolina 1 $ 100,000 $ 100,000 $ 67,000
Montgomery, North Carolina 1 $ 546,000 $ 546,000 $ 218,000
Pamlico, North Carolina 1 $ 179,000 $ 179,000 $ 59,000
Randolph, North Carolina 1 $ 250,000 $ 250,000 $ 47,000
Rutherford, North Carolina 1 $ 848,000 $ 848,000 $ 1,746,000
Stanly, North Carolina 1 $ 252,000 $ 252,000 $ 315,000
Stokes, North Carolina 1 $ 96,000 $ 96,000 $ 60,000
Warren, North Carolina 1 $ 381,000 $ 381,000 $ 154,000
Wayne, North Carolina 1 $ 93,000 $ 93,000 $ 163,000
Wilson, North Carolina 1 $ 50,000 $ 50,000 $ 76,000
Dauphin, Pennsylvania 1 $ 86,000 $ 86,000 $ 42,000
Aiken, South Carolina 1 $ 410,000 $ 410,000 $ 66,000
Calhoun, South Carolina 1 $ 195,000 $ 195,000 $ 130,000
Fairfield, South Carolina 1 $ 100,000 $ 100,000 $ 120,000
Florence, South Carolina 1 $ 197,000 $ 197,000 $ 77,000
Lexington, South Carolina 1 $ 385,000 $ 385,000 $ 97,000
Oconee, South Carolina 1 $ 102,000 $ 102,000 $ 72,000
Orangeburg, South Carolina 1 $ 153,000 $ 153,000 $ 44,000
Richland, South Carolina 1 $ 417,000 $ 417,000 $ 331,000
Spartanburg, South Carolina 1 $ 187,000 $ 187,000 $ 35,000
Sumter, South Carolina 1 $ 181,000 $ 181,000 $ 100,000
Greene, Tennessee 1 $ 135,000 $ 135,000 $ 70,000
Hamblen, Tennessee 1 $ 155,000 $ 155,000 $ 48,000
Bath, Virginia 1 $ 100,000 $ 100,000 $ 113,000
Cumberland, Virginia 1 $ 150,000 $ 150,000 $ 54,000
Essex, Virginia 1 $ 244,000 $ 244,000 $ 80,000
Fauquier, Virginia 1 $ 620,000 $ 620,000 $ 100,000
Franklin City, Virginia 1 $ 137,000 $ 137,000 $ 42,000
Henry, Virginia 1 $ 270,000 $ 270,000 $ 168,000
Highland, Virginia 1 $ 36,000 $ 36,000 $ 29,000
Lancaster, Virginia 1 $ 417,000 $ 417,000 $ 626,000
Loudoun, Virginia 1 $ 385,000 $ 385,000 $ 370,000
Lynchburg, Virginia 1 $ 169,000 $ 169,000 $ 106,000
Mathews, Virginia 1 $ 340,000 $ 340,000 $ 107,000
Prince Edward, Virginia 1 $ 186,000 $ 186,000 $ 119,000
Richmond, Virginia 1 $ 935,000 $ 935,000 $ 644,000
Roanoke City, Virginia 1 $ 224,000 $ 224,000 $ 185,000
Salem, Virginia 1 $ 79,000 $ 79,000 $ 27,000
Southampton, Virginia 1 $ 406,000 $ 406,000 $ 387,000
Westmoreland, Virginia 1 $ 248,000 $ 248,000 $ 225,000

Mortgage Loan Application Detail Totals for Townebank in 2015

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 3,385 $789,071,000 $233,000 $24,000,000 $98,000 $3,134,000
Refinancing 701 $203,441,000 $290,000 $3,000,000 $130,000 $2,516,000
Home Improvement 144 $50,278,000 $349,000 $25,000,000 $104,000 $711,000

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 3,092 $759,004,000 $245,000 $2,900,000 $116,000 $3,134,000
Black or African American 424 $72,360,000 $170,000 $1,136,000 $74,000 $461,000
Not Provided 215 $44,571,000 $207,000 $1,500,000 $100,000 $600,000
Not applicable 206 $107,831,000 $523,000 $25,000,000 $0 $0
Hispanic 155 $25,349,000 $163,000 $700,000 $59,000 $470,000
Asian 123 $30,250,000 $245,000 $2,000,000 $117,000 $827,000
American Indian or Alaskan Native 10 $2,731,000 $273,000 $920,000 $76,000 $256,000
Native Hawaiian or Other Pacific Islander 5 $694,000 $138,000 $236,000 $67,000 $87,000

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) 2,727 $733,103,000 $268,000 $25,000,000 $124,000 $3,134,000
FHA-insured (Federal Housing Administration) 906 $161,569,000 $178,000 $530,000 $57,000 $328,000
VA-guaranteed (Veterans Administration) 463 $125,693,000 $271,000 $1,265,000 $85,000 $404,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 134 $22,425,000 $167,000 $394,000 $54,000 $132,000

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 3,547 $881,908,000 $248,000 $25,000,000 $102,000 $3,134,000
Application Withdrawn By Applicant 380 $91,085,000 $239,000 $1,163,000 $108,000 $711,000
Application Denied By Financial Institution 284 $67,082,000 $236,000 $2,000,000 $105,000 $900,000
Application Approved But Not Accepted 17 $2,346,000 $138,000 $330,000 $112,000 $343,000
File Closed For Incompleteness 2 $369,000 $184,000 $239,000 $81,000 $95,000
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0
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
Debt-To-Income Ratio 77 $17,786,000 $230,000 $890,000 $75,000 $433,000
Collateral 61 $18,010,000 $295,000 $1,500,000 $143,000 $694,000
Credit History 43 $9,024,000 $209,000 $2,000,000 $95,000 $827,000
Other 40 $7,391,000 $184,000 $421,000 $81,000 $345,000
Credit Application Incomplete 24 $6,303,000 $262,000 $642,000 $195,000 $900,000
Insufficient Cash (Downpayment, Closing Cost) 22 $4,763,000 $216,000 $1,140,000 $87,000 $424,000
Unverifiable Information 9 $2,158,000 $239,000 $339,000 $68,000 $121,000
Employment History 7 $1,088,000 $155,000 $484,000 $59,000 $288,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Townebank's 2015 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.

This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics, and assess Townebank's mortgage approval patterns. Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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