Alcova Mortgage Rates, Fees & Info
ROANOKE, VALEI: 549300RYBJHWWDENV610
Tax ID: 14-1886719
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Alcova Mortgage is a small mortgage company specializing in Home Purchase loans. Alcova Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Richmond, Virginia Beach, Roanoke, Raleigh, and Washington among others. We have data for 150 markets. (Some data included below & more in-depth data is available with an active subscription.)Alcova Mortgage has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Alcova Mortgage is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.82% | 9/25/23 |
| 30 Year Conventional Refi | 6.81% | 9/25/23 |
| 30 Year FHA Purchase | 7.64% | 9/25/23 |
| 30 Year FHA Refi | 7.57% | 9/25/23 |
| 30 Year VA Purchase | 6.50% | 9/25/23 |
| 30 Year VA Refi | 6.60% | 9/25/23 |
| 30 Year USDA Purchase | 7.02% | 9/25/23 |
| 30 Year USDA Refi | 6.79% | 9/25/23 |
| 15 Year Conventional Purchase | 5.30% | 9/25/23 |
| 15 Year Conventional Refi | 6.51% | 9/25/23 |
| 15 Year Cash-out Refi | 6.51% | 9/25/23 |
| 15 Year FHA Purchase | 6.56% | 9/25/23 |
| 15 Year FHA Refi | 7.35% | 9/25/23 |
| 15 Year VA Purchase | 6.12% | 9/25/23 |
| 15 Year VA Refi | 6.87% | 9/25/23 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Alcova Mortgage Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Alcova Mortgage. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
6,122Origination Dollar Volume (All Markets)
$1,559,980,000Awards
Alcova Mortgage - 2022
Alcova Mortgage is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
Work for Alcova Mortgage?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
Relative Rate
Alcova Mortgage's average 30 year fixed mortgage rate was
5.16%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.4%.
Relative Fees (Closing Costs)
Alcova Mortgage's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,035.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $4,750.
Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| RICHMOND, VA (FHA|USDA|VA) | 764 | $226,570,000 | $296,558 | $4,868 | 5.16% |
| Outside of Metro Areas | 897 | $176,755,000 | $197,051 | $3,997 | 5.07% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 347 | $102,095,000 | $294,222 | $6,212 | 5.07% |
| ROANOKE, VA (FHA|USDA|VA) | 390 | $90,880,000 | $233,026 | $3,961 | 5.14% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 248 | $81,630,000 | $329,153 | $5,908 | 5.11% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 190 | $80,190,000 | $422,053 | $7,289 | 5.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 236 | $63,800,000 | $270,339 | $5,008 | 4.98% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 233 | $57,955,000 | $248,734 | $4,765 | 5.07% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 176 | $55,200,000 | $313,636 | $5,911 | 4.99% |
| STAUNTON, VA (FHA|USDA|VA) | 213 | $49,395,000 | $231,901 | $4,277 | 5.35% |
| GREENVILLE, NC (FHA|USDA|VA) | 204 | $49,360,000 | $241,961 | $5,286 | 4.83% |
| ASHEVILLE, NC (FHA|USDA|VA) | 166 | $48,680,000 | $293,253 | $4,634 | 4.83% |
| LYNCHBURG, VA (FHA|USDA|VA) | 152 | $38,700,000 | $254,605 | $4,568 | 5.61% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 117 | $26,415,000 | $225,769 | $4,342 | 4.88% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 69 | $22,805,000 | $330,507 | $6,025 | 4.82% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 111 | $21,895,000 | $197,252 | $4,325 | 4.88% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 73 | $20,985,000 | $287,466 | $4,954 | 5.03% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 75 | $17,945,000 | $239,267 | $5,258 | 4.99% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 54 | $17,940,000 | $332,222 | $6,524 | 5.09% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 123 | $17,165,000 | $139,553 | $2,951 | 5.38% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 73 | $16,875,000 | $231,164 | $6,263 | 5.21% |
| Danville, VA (FHA|USDA|VA) | 108 | $16,820,000 | $155,741 | $4,584 | 5.15% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 54 | $16,030,000 | $296,852 | $7,613 | 5.23% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 86 | $14,720,000 | $171,163 | $5,546 | 5.12% |
| Martinsville, VA (FHA|USDA|VA) | 106 | $14,720,000 | $138,868 | $3,192 | 5.10% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 47 | $13,745,000 | $292,447 | $6,216 | 5.71% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 35 | $10,385,000 | $296,714 | $4,016 | 5.24% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 33 | $8,695,000 | $263,485 | $5,371 | 4.98% |
| WILMINGTON, NC (FHA|USDA|VA) | 32 | $8,320,000 | $260,000 | $5,580 | 5.00% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 38 | $8,290,000 | $218,158 | $4,732 | 5.03% |
| SPARTANBURG, SC (FHA|USDA|VA) | 31 | $7,235,000 | $233,387 | $4,726 | 5.35% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 22 | $7,090,000 | $322,273 | $4,865 | 4.85% |
| North Wilkesboro, NC (FHA|USDA|VA) | 38 | $6,810,000 | $179,211 | $4,412 | 5.13% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 19 | $6,345,000 | $333,947 | $7,074 | 5.20% |
| BURLINGTON, NC (FHA|USDA|VA) | 25 | $6,135,000 | $245,400 | $5,126 | 5.05% |
| HARRISONBURG, VA (FHA|USDA|VA) | 20 | $5,280,000 | $264,000 | $5,559 | 5.56% |
| GOLDSBORO, NC (FHA|USDA|VA) | 26 | $5,150,000 | $198,077 | $5,610 | 5.36% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 12 | $5,060,000 | $421,667 | $11,257 | 6.35% |
| Washington, NC (FHA|USDA|VA) | 26 | $4,770,000 | $183,462 | $4,316 | 5.04% |
| Sanford, NC (FHA|USDA|VA) | 17 | $4,625,000 | $272,059 | $5,018 | 5.05% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 19 | $4,545,000 | $239,211 | $5,376 | 4.95% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 23 | $4,415,000 | $191,957 | $6,093 | 5.34% |
| Albemarle, NC (FHA|USDA|VA) | 18 | $4,260,000 | $236,667 | $5,473 | 4.91% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 8 | $3,810,000 | $476,250 | $10,008 | 4.50% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 10 | $3,730,000 | $373,000 | $6,269 | 4.35% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 20 | $3,300,000 | $165,000 | $4,634 | 5.53% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 11 | $3,205,000 | $291,364 | $7,490 | 5.39% |
| Morehead City, NC (FHA|USDA|VA) | 9 | $3,185,000 | $353,889 | $6,124 | 5.29% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 8 | $3,010,000 | $376,250 | $10,222 | 6.13% |
| Bluefield, WV-VA (FHA|USDA|VA) | 19 | $2,745,000 | $144,474 | $3,336 | 5.19% |
| LANCASTER, PA (FHA|USDA|VA) | 10 | $2,660,000 | $266,000 | $7,141 | 5.45% |
| Seneca, SC (FHA|USDA|VA) | 12 | $2,630,000 | $219,167 | $5,484 | 4.90% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 3 | $2,345,000 | $781,667 | $11,138 | 5.33% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 7 | $2,245,000 | $320,714 | $3,572 | 5.43% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 7 | $2,225,000 | $317,857 | $7,155 | 5.07% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 5 | $2,185,000 | $437,000 | $4,995 | 5.50% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 5 | $2,085,000 | $417,000 | $6,406 | 4.90% |
| GAINESVILLE, GA (FHA|USDA|VA) | 6 | $2,050,000 | $341,667 | $4,567 | 5.60% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 5 | $1,855,000 | $371,000 | $7,152 | 5.68% |
| Wilson, NC (FHA|USDA|VA) | 7 | $1,735,000 | $247,857 | $7,351 | 4.73% |
| Georgetown, SC (FHA|USDA|VA) | 3 | $1,725,000 | $575,000 | $12,403 | 5.38% |
| Henderson, NC (FHA|USDA|VA) | 8 | $1,640,000 | $205,000 | $5,651 | 4.61% |
| Pottsville, PA (FHA|USDA|VA) | 11 | $1,615,000 | $146,818 | $4,763 | 5.37% |
| BECKLEY, WV (FHA|USDA|VA) | 11 | $1,515,000 | $137,727 | $2,586 | 4.85% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 6 | $1,510,000 | $251,667 | $6,811 | 5.65% |
| Elizabeth City, NC (FHA|USDA|VA) | 6 | $1,450,000 | $241,667 | $6,352 | 5.75% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 6 | $1,440,000 | $240,000 | $5,442 | 4.35% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 5 | $1,415,000 | $283,000 | $3,661 | 4.88% |
| MORRISTOWN, TN (FHA|USDA|VA) | 4 | $1,350,000 | $337,500 | $7,568 | 6.75% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 6 | $1,340,000 | $223,333 | $4,009 | 4.42% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 5 | $1,315,000 | $263,000 | $3,900 | 5.00% |
| Boone, NC (FHA|USDA|VA) | 4 | $1,310,000 | $327,500 | $5,569 | 4.44% |
| Kinston, NC (FHA|USDA|VA) | 7 | $1,205,000 | $172,143 | $6,383 | 5.82% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 4 | $1,190,000 | $297,500 | $4,771 | 6.16% |
| Shelby, NC (FHA|USDA|VA) | 8 | $1,150,000 | $143,750 | $4,542 | 4.80% |
| NEW BERN, NC (FHA|USDA|VA) | 5 | $1,125,000 | $225,000 | $5,318 | 5.80% |
| Mount Airy, NC (FHA|USDA|VA) | 6 | $980,000 | $163,333 | $3,758 | 5.44% |
| Orangeburg, SC (FHA|USDA|VA) | 3 | $955,000 | $318,333 | $9,208 | 5.42% |
| Calhoun, GA (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $4,038 | 4.54% |
| FLORENCE, SC (FHA|USDA|VA) | 5 | $825,000 | $165,000 | $5,721 | 5.13% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $7,485 | 5.42% |
| Forest City, NC (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $2,277 | 5.04% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $8,700 | 3.31% |
| DECATUR, AL (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $3,311 | 4.06% |
| GAINESVILLE, FL (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $8,863 | 4.38% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $5,803 | 4.38% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $5,946 | 4.94% |
| Rockingham, NC (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $5,307 | 4.63% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $4,697 | 6.00% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $6,169 | 5.38% |
| Waycross, GA (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $7,685 | 4.56% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $12,128 | 6.50% |
| Marion, NC (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $4,908 | 4.88% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $6,553 | 3.44% |
| Cullowhee, NC (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $4,647 | 5.19% |
| Arcadia, FL (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $2,500 | 6.38% |
| SAVANNAH, GA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $7,461 | 3.88% |
| COLUMBIA, SC (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $4,714 | 4.83% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $4,979 | 3.88% |
| Lewisburg, TN (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $11,808 | 7.50% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $1,928 | 4.88% |
| Somerset, PA (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $4,733 | 6.04% |
| Fairmont, WV (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $1,529 | 4.00% |
| Brevard, NC (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $3,087 | 5.56% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $601 | 5.50% |
| Laurinburg, NC (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $5,750 | 6.44% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $1,455 | 5.63% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $8,085 | 6.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $10,774 | 6.19% |
| ROME, GA (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $1,961 | 5.63% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $7,576 | 6.38% |
| KNOXVILLE, TN (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $7,634 | 5.13% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $7,424 | 4.50% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $11,575 | 5.50% |
| Gaffney, SC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $12,626 | 7.00% |
| SUMTER, SC (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $8,371 | 5.88% |
| Greenwood, SC (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $4,901 | 4.44% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $8,021 | 5.88% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 3 | $255,000 | $85,000 | $4,384 | 4.83% |
| OCALA, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,562 | 3.99% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $6,429 | 4.81% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,525 | 3.88% |
| Statesboro, GA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $8,575 | 5.38% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,875 | 3.25% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,020 | 6.38% |
| Newberry, SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $11,422 | 4.13% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,628 | 4.13% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,465 | 6.13% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $4,504 | 6.25% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $3,989 | 5.13% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,243 | 6.50% |
| Fort Payne, AL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,696 | 4.50% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,526 | 5.99% |
| Lumberton, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,389 | 5.00% |
| JACKSON, TN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,805 | 5.75% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,149 | 7.25% |
| Milledgeville, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,197 | 4.88% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,418 | 5.88% |
| Cambridge, MD (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,400 | 5.50% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,918 | 7.00% |
| Cedartown, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $625 | 3.75% |
| PARKERSBURG-VIENNA, WV (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,201 | 4.99% |
| Cookeville, TN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,394 | 6.50% |
| Bennettsville, SC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $1,945 | 7.13% |
| CHARLESTON, WV (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $960 | 5.63% |
| Summerville, GA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,067 | 4.38% |
| MORGANTOWN, WV (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,918 | 5.50% |
| Athens, OH (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,568 | 4.13% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 6.38% |
| Fitzgerald, GA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,531 | 7.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against Alcova Mortgage based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 63
Similarity Rank: 133
Similarity Rank: 172
Similarity Rank: 231
Similarity Rank: 250
Similarity Rank: 280
Similarity Rank: 312
Similarity Rank: 318
Similarity Rank: 361
Similarity Rank: 533
Product Mix
For 2022, Alcova Mortgage's most frequently originated type of loan was Conventional, with 4,052 originations. Their 2nd most popular type was FHA, with 1,149 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 5,160 | $1,339,730,000 | $259,638 | $4,919 | 5.21% |
| Refi | 962 | $220,250,000 | $228,950 | $5,255 | 4.57% |
For 2022, Alcova Mortgage's most frequently cited loan purpose was Home Purchase, with 5,160 originations. The 2nd most popular reason was Refi, with 962 originations.
Loan Duration/Length
For 2022, Alcova Mortgage's most frequently cited loan duration was 30 Year, with 5,798 originations. The 2nd most popular length was 15 Year, with 208 originations.
Origination Fees/Closing Costs
Alcova Mortgage's average total fees were $5,035, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,127 originations.
Interest Rates
During 2022, Alcova Mortgage's average interest rate for loans was 5.16%, while their most frequently originated rate bucket for loans was 5-6%, with 2,161 originations.
Loan Sizing
2022 saw Alcova Mortgage place emphasis on $200k-400k loans with 2,887 originations, totaling $809,635,000 in origination value.
Applicant Income
Alcova Mortgage lent most frequently to those with incomes in the $50k-75k range, with 1,676 originations. The second most popular income band? $50k or less, with 1,247 originations.
Applicant Debt to Income Ratio
Alcova Mortgage lent most frequently to those with DTI ratios of 30-36%, with 1,072 originations. The next most common DTI ratio? 20-30%, with 1,064 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.91%
Alcova Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination79.75%
Alcova Mortgage has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 6,122 | $1,559,980,000 | $254,815 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6,122 | $1,559,980,000 | $254,815 |