What loan types does Alcova Mortgage offer?

Alcova Mortgage offers the following mortgage loan types: FHA, Conventional, VA, Jumbo, usda. Each product has its own pricing score and performance metrics.

Where does Alcova Mortgage offer mortgages?

Alcova Mortgage 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's mortgage rates?

Alcova Mortgage has an overall pricing score of 31.5/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is Alcova Mortgage?

Alcova Mortgage is a Independent Mortgage Company headquartered in Mechanicsville, VA.

Unclaimed

Alcova Mortgage

Independent Mortgage Company•Mechanicsville, VAHQ•Direct•Reviews near you on Google

We analyzed every closed loan from Alcova Mortgage — 4.4k loans across 5k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.

Ratings· each scored 1–5 against peer lenders

Pricing

Acceptable

2/5

vs. all lenders

Pull-through

Exceptional

5/5

closing strength

Product

Exceptional

5/5

FHA · Conventional · VA · Jumbo · USDA

Place

Sound

3/5

Multi-Region · 45 mkts

Awards

Conventional

Superstar

FHA

Superstar

USDA

Superstar

Purchase

Superstar

Summary

What They Do Well

Strong pull through performance
Particularly strong in Conventional and FHA and VA and USDA loans

Things to Think About

Pricing may be below industry average

Explore another lender or local market

Report Card

Alcova Mortgage performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Acceptable

+44.5 bps above market avg

Pull Through

Closing strength

Exceptional

Top 10% of lenders

By Loan Product· Specialization by type

Conventional

Exceptional

Top 20% of lenders

FHA

Exceptional

Top 20% of lenders

Exceptional

Top 20% of lenders

Jumbo

Sound

Top 60% of lenders

USDA

Exceptional

Top 10% of lenders

By Loan Purpose· Transaction purpose mix

Purchase

Exceptional

Top 20% of lenders

Refinance

Strong

Top 40% of lenders

By Location· Geographic coverage

Geographic Reach

Multi-Regional · 46 markets

Sound

Top 60% of lenders

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Strong	Exceptional	Acceptable	Exceptional	2,528	57.2%	+0.418%Above	$2,417Fees
FHA Loans	Strong	Exceptional	Acceptable	Exceptional	1,105	25.0%	+0.714%Above	$2,177Fees
VA Loans	Strong	Exceptional	Acceptable	Exceptional	453	10.2%	-0.166%Below	$2,534Fees
Jumbo Loans	Sound	Sound	—	—	15	0.3%	+0.266%Above	$2,521Fees
USDA Loans	Strong	Exceptional	Sound	Exceptional	322	7.3%	+0.679%Above	$986Fees

Conventional

Overall

Strong

Product

Exceptional

Pricing

Acceptable

Pull Through

Exceptional

Volume2,528

Mix57.2%

Spread

+0.418%Above

Fees

$2,417Fees

FHA Loans

Overall

Strong

Product

Exceptional

Pricing

Acceptable

Pull Through

Exceptional

Volume1,105

Mix25.0%

Spread

+0.714%Above

Fees

$2,177Fees

VA Loans

Overall

Strong

Product

Exceptional

Pricing

Acceptable

Pull Through

Exceptional

Volume453

Mix10.2%

Spread

-0.166%Below

Fees

$2,534Fees

Jumbo Loans

Overall

Sound

Product

Sound

Pricing—

Pull Through—

Volume15

Mix0.3%

Spread

+0.266%Above

Fees

$2,521Fees

USDA Loans

Overall

Strong

Product

Exceptional

Pricing

Sound

Pull Through

Exceptional

Volume322

Mix7.3%

Spread

+0.679%Above

Fees

$986Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Strong	Exceptional	Acceptable	Exceptional	4,017	90.8%	+0.448%Above	$2,195Fees
Refinance	Sound	Strong	Mediocre	Strong	406	9.2%	+0.420%Above	$3,244Fees

Purchase

Overall

Strong

Product

Exceptional

Pricing

Acceptable

Pull Through

Exceptional

Volume4,017

Mix90.8%

Spread

+0.448%Above

Fees

$2,195Fees

Refinance

Overall

Sound

Product

Strong

Pricing

Mediocre

Pull Through

Strong

Volume406

Mix9.2%

Spread

+0.420%Above

Fees

$3,244Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

4,423

Applications

5,470

Volume

$1 billion

Pricing & Closing

Avg Rate Spread

+0.445%

vs. market APOR

Avg Net Fees

$2,329

Origination − Credits

Pullthrough Rate

80.9%

Applications → Closed

Typical Borrower

Avg Loan Amount

$295,626

Avg Borrower Income

$115,239

Avg Property Value

$360,200

Geographic Coverage

Geographic Performance

Metro Areas

markets with activity

States Served

of 50 states + DC

Avg Place Specialization

Sound

3/5

States with Loan Originations

Northeast1

Midwest1

South13

ALARDCFLGAKYMDNCSCTNTXVAWV

West1

Top Metro Areas by Place Specialization Score

1© ~delta · CC BY-SA 4.0

Staunton, VAMetro

Volume 182Mix 4.11% of portfolio

100/100

Exceptional

2© Idawriter · CC BY-SA 3.0

Blacksburg, VAMetro

Volume 168Mix 3.80% of portfolio

100/100

Exceptional

3© Vladsinger · CC BY-SA 4.0

Roanoke, VAMetro

Volume 242Mix 5.47% of portfolio

94/100

Exceptional

4© Northern-Virginia-Photographer · CC0

Lynchburg, VAMetro

Volume 188Mix 4.25% of portfolio

91/100

Exceptional

Richmond, VAMetro

Volume 455Mix 10.29% of portfolio

90/100

Exceptional

Greenville, NCMetro

Volume 86Mix 1.94% of portfolio

85/100

Exceptional

Charlotte, NC-SCMetro

Volume 235Mix 5.31% of portfolio

75/100

Strong

Raleigh, NCMetro

Volume 155Mix 3.50% of portfolio

72/100

Strong

Virginia Beach, VA-NCMetro

Volume 147Mix 3.32% of portfolio

70/100

Strong

Fayetteville, NCMetro

Volume 76Mix 1.72% of portfolio

70/100

Strong

Showing 10 of 45 metro areas

Top States by Place Specialization Score

VirginiaState

Volume 2,183Mix 49.36% of portfolio

97/100

Exceptional

North CarolinaState

Volume 1,014Mix 22.93% of portfolio

80/100

Exceptional

West VirginiaState

Volume 175Mix 3.96% of portfolio

77/100

Strong

South CarolinaState

Volume 200Mix 4.52% of portfolio

70/100

Strong

MarylandState

Volume 182Mix 4.11% of portfolio

67/100

Strong

GeorgiaState

Volume 197Mix 4.45% of portfolio

65/100

Strong

PennsylvaniaState

Volume 140Mix 3.17% of portfolio

62/100

Strong

OhioState

Volume 82Mix 1.85% of portfolio

55/100

Sound

TexasState

Volume 104Mix 2.35% of portfolio

53/100

Sound

FloridaState

Volume 104Mix 2.35% of portfolio

52/100

Sound

Showing 10 of 11 states

How We Rank Lenders

Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.

Our Point System (Max 30 Points)

10/ 30 pts

Pricing

Rate and fee competitiveness (33%)

10/ 30 pts

Pull Through

Reliability in closing loans (33%)

10/ 30 pts

Product

Specialization in the loan type (33%)

💎

Champion(80%+ = 24-30 points)

⭐

Superstar(60-79% = 18-23 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.

No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

HMDA 2024Built using publicly available originated loan data from the federal government.

Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.