Purchase Originations
4,790
Ranked #102 nationally
Median Total Costs
$4,757
−28.8% vs national ($6,680)
↓ $29 vs prior year
Median Rate
6.625%
+2.1% vs national (6.490%)
↓ 0.125% vs prior year
Median Origination
$799
Median Lender Credits
$800
Cost Rank (500+ vol.)
#171
among lenders with 500+ originations
Denial Rate
2.7%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 2,445 | 6.750% | $4,166 | $1,694 |
| fha | 1,446 | 6.500% | $6,706 | $0 |
| va | 486 | 6.500% | $6,213 | $30 |
| usda | 413 | 6.500% | $2,799 | $0 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Virginia | 2,152 | 6.625% | $4,416 | #9 |
| North Carolina | 1,206 | 6.500% | $5,261 | #24 |
| South Carolina | 306 | 6.562% | $4,998 | #55 |
| West Virginia | 205 | 6.750% | $4,111 | #19 |
| Maryland | 195 | 6.625% | $4,109 | #64 |
| Georgia | 170 | 6.624% | $5,065 | #112 |
| Pennsylvania | 146 | 6.750% | $5,570 | #128 |
| Florida | 124 | 6.625% | $5,634 | #208 |
| Ohio | 113 | 6.750% | $5,051 | #126 |
| Texas | 68 | 6.500% | $9,318 | #317 |
| Tennessee | 53 | 6.625% | $4,032 | #181 |
| Indiana | 21 | 6.500% | $3,220 | — |
| District of Columbia | 9 | 6.500% | $9,250 | — |
| Kentucky | 7 | 6.500% | $4,025 | — |
| Alabama | 5 | 6.375% | $3,208 | — |
| Colorado | 2 | 5.938% | $7,164 | — |
| Illinois | 2 | 6.625% | $6,939 | — |
| Arkansas | 1 | 6.250% | $13,303 | — |
| Michigan | 1 | 6.875% | $3,765 | — |
| Missouri | 1 | 6.490% | $3,091 | — |
| New Jersey | 1 | 6.990% | $900 | — |
| Oklahoma | 1 | 7.250% | $5,792 | — |
| Washington | 1 | 6.000% | $8,359 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,710 | 6.625% | — | 61 | −$2,047 | |
| 2 | $2,977 | 6.750% | — | 117 | −$1,780 | |
| 3 | $3,457 | 6.562% | — | 100 | −$1,300 | |
| 4 | $3,730 | 6.750% | — | 59 | −$1,027 | |
| 5 | $4,161 | 6.625% | — | 55 | −$596 | |
| 6 | $4,234 | 6.750% | — | 63 | −$523 | |
| 7 | $4,280 | 6.750% | — | 80 | −$477 | |
| 8 | $4,345 | 6.625% | — | 58 | −$412 | |
| 9 | $4,445 | 6.875% | — | 92 | −$312 | |
| 10 | $4,904 | 6.875% | — | 64 | +$147 | |
| 11 | $4,909 | 6.625% | — | 101 | +$152 | |
| 12 | $4,972 | 6.624% | — | 149 | +$215 | |
| 13 | $5,095 | 6.625% | — | 92 | +$338 | |
| 14 | $5,135 | 6.624% | — | 86 | +$378 | |
| 15 | $5,221 | 6.625% | — | 48 | +$464 | |
| 16 | $5,263 | 6.624% | — | 77 | +$506 | |
| 17 | $5,370 | 6.625% | — | 64 | +$613 | |
| 18 | $5,585 | 6.490% | — | 51 | +$828 | |
| 19 | $5,666 | 6.375% | — | 90 | +$909 | |
| 20 | $5,743 | 6.624% | — | 65 | +$986 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2025. Sorted by median total loan costs.
Peer set: the 50 highest-volume U.S. mortgage lenders in 2025 (min. 8,254 purchase originations).
| Metric | Alcova Mortgage LLC | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $275,000 | $335,000 | −$60,000 (−17.9%) |
| Median total closing costs | $4,757 | $7,127 | −$2,370 (−33.3%) |
Other high-volume lenders side-by-side.
Found your lender? Make sure their quote is fair.
HMDA data shows industry-wide medians. Your actual quote may differ. Upload your Closing Disclosure or Loan Estimate to see exactly where your fees stand — and get a ready-to-send negotiation email.
Data source: HMDA Modified Loan Application Register 2025, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.