# Alcova Mortgage LLC

> **Canonical URL:** https://saferate.com/lenders/alcova-mortgage


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Alcova Mortgage LLC is a independent mortgage company, headquartered in Mechanicsville, VA, serving borrowers across 16 states, with 4,423 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 68% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 10% for loan approval success

## Overview

- **Institution Type:** Independent Mortgage Company
- **LEI (Legal Entity Identifier):** 549300RYBJHWWDENV610
- **Headquarters:** Mechanicsville, VA
- **Geographic Reach:** Multi-Region
- **States Served:** 16
- **State List:** AL, AR, DC, FL, GA, KY, MD, NC, OH, PA, SC, TN, TX, VA, WA, WV
- **Markets (MSAs):** 46
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Acceptable 🙂
- Score: 32/100
- Rating: ●●○○○ (2/5)

### Pull Through: Exceptional 🤩
- Score: 90/100
- Rating: ●●●●● (5/5)

### Pricing Details
- **Average Rate Spread:** +0.445%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $2,329
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 4,423
- **Dollar Volume:** $1.3 billion
- **Applications Received:** 5,470
- **Market Share:** 12.00%

## Typical Borrower Profile

- **Average Loan Amount:** $295,626
- **Average Borrower Income:** $115,239
- **Average Property Value:** $360,200

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (69%)
- ⭐ **FHA Gold Superstar** (69%)
- ⭐ **VA Gold Superstar** (69%)
- ⭐ **USDA Gold Superstar** (76%)
- ⭐ **Purchase Gold Superstar** (69%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 84/100 | 2,528 | +0.418% | $2,417 | Exceptional 🤩 |
| FHA | 85/100 | 1,105 | +0.714% | $2,177 | Exceptional 🤩 |
| VA | 82/100 | 453 | -0.166% | $2,534 | Exceptional 🤩 |
| Jumbo | 44/100 | 15 | +0.266% | $2,521 | Sound ☺️ |
| USDA | 94/100 | 322 | +0.679% | $986 | Exceptional 🤩 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 2,237 loans, Score: 85/100 (Exceptional)
- Refinance: 291 loans, Score: 77/100 (Strong)

**FHA:**
- Purchase: 1,016 loans, Score: 86/100 (Exceptional)
- Refinance: 89 loans, Score: 77/100 (Strong)

**VA:**
- Purchase: 433 loans, Score: 82/100 (Exceptional)
- Refinance: 20 loans, Score: 74/100 (Strong)

**USDA:**
- Purchase: 318 loans, Score: 94/100 (Exceptional)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 86/100 | 4,017 | $1.2B | +0.448% | Exceptional 🤩 |
| Refinance | 78/100 | 406 | $108M | +0.420% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| VA | 2,183 | 2.02% | 97/100 |
| NC | 1,014 | 0.68% | 80/100 |
| SC | 200 | 0.25% | 70/100 |
| GA | 197 | 0.14% | 65/100 |
| MD | 182 | 0.26% | 67/100 |
| WV | 175 | 1.13% | 77/100 |
| PA | 140 | 0.12% | 62/100 |
| FL | 104 | 0.04% | 52/100 |
| TX | 104 | 0.03% | 53/100 |
| OH | 82 | 0.06% | 55/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 1,210 | 79/100 |
| Richmond, VA | VA | 455 | 90/100 |
| Roanoke, VA | VA | 242 | 94/100 |
| Charlotte | NC-SC | 235 | 75/100 |
| Lynchburg, VA | VA | 188 | 91/100 |
| Staunton | VA | 182 | 100/100 |
| Blacksburg | VA | 168 | 100/100 |
| Arlington | VA-WV | 156 | 69/100 |
| Raleigh | NC | 155 | 72/100 |
| Virginia Beach | VA-NC | 147 | 70/100 |
| Greenville, NC | NC | 86 | 85/100 |
| Fayetteville, NC | NC | 76 | 70/100 |
| Atlanta | GA | 64 | 56/100 |
| Hickory | NC | 59 | 66/100 |
| Myrtle Beach | SC | 52 | 61/100 |

## Where This Lender Ranks

Alcova Mortgage LLC appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Roanoke, VA for USDA Loans
  - [View Full Rankings](https://saferate.com/roanoke-va/best-mortgage-lenders/usda-loans)
- 🥇 **#1** in Roanoke, VA for USDA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/roanoke-va/best-mortgage-lenders/mortgage-companies/usda-loans)
- 🥇 **#1** in Lynchburg, VA for USDA Loans
  - [View Full Rankings](https://saferate.com/lynchburg-va/best-mortgage-lenders/usda-loans)
- 🥇 **#1** in Lynchburg, VA for USDA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/lynchburg-va/best-mortgage-lenders/mortgage-companies/usda-loans)
- 🥇 **#1** in Staunton for Conventional Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/staunton/best-mortgage-lenders/mortgage-companies/conventional-loans)
- 🥇 **#1** in Staunton for USDA Loans
  - [View Full Rankings](https://saferate.com/staunton/best-mortgage-lenders/usda-loans)
- 🥇 **#1** in Staunton for USDA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/staunton/best-mortgage-lenders/mortgage-companies/usda-loans)
- 🥇 **#1** in Blacksburg for USDA Loans
  - [View Full Rankings](https://saferate.com/blacksburg/best-mortgage-lenders/usda-loans)
- 🥇 **#1** in Blacksburg for USDA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/blacksburg/best-mortgage-lenders/mortgage-companies/usda-loans)
- 🥈 **#2** in Richmond, VA for USDA Loans
  - [View Full Rankings](https://saferate.com/richmond-va/best-mortgage-lenders/usda-loans)
- 🥈 **#2** in Richmond, VA for USDA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/richmond-va/best-mortgage-lenders/mortgage-companies/usda-loans)
- 🥈 **#2** in Staunton for FHA Loans
  - [View Full Rankings](https://saferate.com/staunton/best-mortgage-lenders/fha-loans)
- 🥈 **#2** in Staunton for FHA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/staunton/best-mortgage-lenders/mortgage-companies/fha-loans)
- 🥈 **#2** in Blacksburg for Conventional Loans
  - [View Full Rankings](https://saferate.com/blacksburg/best-mortgage-lenders/conventional-loans)
- 🥈 **#2** in Blacksburg for Conventional Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/blacksburg/best-mortgage-lenders/mortgage-companies/conventional-loans)
- 🥉 **#3** in Roanoke, VA for Conventional Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/roanoke-va/best-mortgage-lenders/mortgage-companies/conventional-loans)
- 🥉 **#3** in Charlotte for USDA Loans
  - [View Full Rankings](https://saferate.com/charlotte/best-mortgage-lenders/usda-loans)
- 🥉 **#3** in Charlotte for USDA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/charlotte/best-mortgage-lenders/mortgage-companies/usda-loans)
- 🥉 **#3** in Lynchburg, VA for VA Loans
  - [View Full Rankings](https://saferate.com/lynchburg-va/best-mortgage-lenders/va-loans)
- 🥉 **#3** in Lynchburg, VA for VA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/lynchburg-va/best-mortgage-lenders/mortgage-companies/va-loans)

## Frequently Asked Questions

### What loan types does Alcova Mortgage LLC offer?

Alcova Mortgage LLC offers the following mortgage loan types: FHA, Conventional, VA, Jumbo, USDA. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Alcova Mortgage LLC offer mortgages?

Alcova Mortgage LLC offers mortgages in 16 states: AL, AR, DC, FL, GA, KY, MD, NC, OH, PA, SC, TN, TX, VA, WA, WV.

### How competitive are Alcova Mortgage LLC's mortgage rates?

Alcova Mortgage LLC has a pricing score of 32/100 (Acceptable), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.445% above market average.

### What type of lender is Alcova Mortgage LLC?

Alcova Mortgage LLC is a non-depository lender that specializes in mortgage origination, headquartered in Mechanicsville, VA.

### What is Alcova Mortgage LLC's loan approval success rate?

Alcova Mortgage LLC has a pull-through score of 90/100 (Exceptional). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/alcova-mortgage

### How to Cite

> "Alcova Mortgage LLC Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/alcova-mortgage

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