Alcova Mortgage LLC closing costs and rates (2024)
In 2024, Alcova Mortgage LLC originated 4,030 purchase mortgages at a median interest rate of 6.75% and median total closing costs of $4,786. That ranks #118 nationally by origination volume. For total closing costs among lenders with 500+ originations, Alcova Mortgage LLC ranks #180. That is $1,955 below the national median of $6,741. Alcova Mortgage LLC is most active in Virginia with 2,013 originations there.
Purchase Originations
4,030
Ranked #118 nationally
Median Total Costs
$4,786
−29.0% vs national ($6,741)
Median Rate
6.750%
+2.0% vs national (6.620%)
Median Origination
$1,419
Median Lender Credits
$550
Cost Rank (500+ vol.)
#180
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 2,164 | 6.875% | $4,195 | $1,634 |
| fha | 1,098 | 6.750% | $6,862 | $0 |
| va | 448 | 6.500% | $6,989 | $1,208 |
| usda | 320 | 6.874% | $2,623 | $0 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Virginia | 2,013 | 6.875% | $4,425 | #9 |
| North Carolina | 906 | 6.625% | $5,754 | #28 |
| South Carolina | 185 | 6.625% | $4,958 | #78 |
| West Virginia | 176 | 6.995% | $4,072 | #19 |
| Georgia | 168 | 6.624% | $5,711 | #110 |
| Maryland | 166 | 6.875% | $4,076 | #74 |
| Pennsylvania | 134 | 6.750% | $5,171 | #136 |
| Florida | 98 | 6.625% | $5,748 | #251 |
| Texas | 78 | 6.562% | $7,352 | #300 |
| Ohio | 71 | 6.750% | $5,474 | #159 |
| Tennessee | 25 | 6.875% | $4,063 | — |
| Alabama | 3 | 7.125% | $3,738 | — |
| District of Columbia | 2 | 7.312% | $2,639 | — |
| Kentucky | 2 | 5.938% | $3,372 | — |
| Washington | 2 | 6.375% | $17,352 | — |
| Arkansas | 1 | 6.990% | $500 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,943 | 6.875% | — | 59 | −$1,843 | |
| 2 | $3,259 | 6.875% | — | 81 | −$1,527 | |
| 3 | $3,541 | 6.990% | — | 103 | −$1,245 | |
| 4 | $3,989 | 6.990% | — | 54 | −$797 | |
| 5 | $4,069 | 6.990% | — | 47 | −$717 | |
| 6 | $4,165 | 6.875% | — | 50 | −$621 | |
| 7 | $4,212 | 6.990% | — | 56 | −$574 | |
| 8 | $4,278 | 6.875% | — | 46 | −$508 | |
| 9 | $4,288 | 7.000% | — | 98 | −$498 | |
| 10 | $4,450 | 6.875% | — | 88 | −$336 | |
| 11 | $4,626 | 6.750% | — | 48 | −$160 | |
| 12 | $4,697 | 6.750% | — | 155 | −$89 | |
| 13 | $4,883 | 6.990% | — | 47 | +$97 | |
| 14 | $5,060 | 6.875% | — | 65 | +$274 | |
| 15 | $5,471 | 6.875% | — | 57 | +$685 | |
| 16 | $5,638 | 6.250% | — | 69 | +$852 | |
| 17 | $5,658 | 6.625% | — | 72 | +$872 | |
| 18 | $5,687 | 6.625% | — | 90 | +$901 | |
| 19 | $6,815 | 6.500% | — | 62 | +$2,029 | |
| 20 | $7,033 | 6.875% | — | 45 | +$2,247 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2024. Sorted by median total loan costs.
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Data source: HMDA Modified Loan Application Register 2024, 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.