What are the average closing costs in Roanoke city County?

In Roanoke city County, the median total loan costs on purchase mortgages were $5,630 in 2024, based on 874 originations.

Which lender has the lowest closing costs in Roanoke city County?

Among lenders with 10+ originations in Roanoke city County, Alcova Mortgage LLC had the lowest median total closing costs at $3,265 in 2024.

How do closing costs in Roanoke city County compare to Virginia?

Roanoke city County closing costs (median $5,630) are 18.6% below the Virginia state median of $6,913.

Lowest closing cost mortgage lenders in Roanoke city County, Virginia

In Roanoke city, Virginia, homebuyers paid a median of $5,630 in closing costs in 2024 — below the Virginia median of $6,913. The county saw 874 purchase mortgages at a median rate of 6.75%. Among lenders with 10+ originations, Alcova Mortgage LLC offered the lowest median costs at $3,265, which is $1,177 less than the county median.

Homebuyers in Roanoke city County who chose Alcova Mortgage LLC paid $2,365 less in closing costs than the county median.

County Median Costs

$5,630

−18.6% vs Virginia ($6,913)

Median Rate

6.750%

+2.0% vs national (6.620%)

Median Origination

$2,052

Purchase Originations

874

vs Virginia Median

18.6% below

$-1,283

vs National Median

16.5% below

$-1,111

Lender rankings in Roanoke city County

18 lenders with 10+ originations, ranked by median total loan costs.

Rank	Lender	Median Total Costs ↑	Median Rate ↕	Median Origination ↕	Volume ↕	vs. Median
1	Alcova Mortgage LLC	$3,265	6.990%	$652	35	−$1,177
2	FREEDOM FIRST Federal Credit Union	$3,722	6.562%	$1,208	26	−$720
3	UNITED WHOLESALE MORTGAGE, LLC	$3,843	6.875%	$1,200	33	−$599
4	LOWER, LLC	$4,091	6.625%	$1,520	13	−$351
5	Wells Fargo Bank, National Association	$4,224	6.562%	$1,641	10	−$218
6	Truist Bank	$4,241	6.625%	$1,607	12	−$201
7	First Heritage Mortgage, LLC	$4,338	6.625%	$1,360	14	−$104
8	Pinnacle Bank	$4,367	6.500%	$1,640	20	−$75
9	Atlantic Union Bank	$4,472	6.990%	$2,144	26	+$30
10	MOVEMENT MORTGAGE, LLC	$4,506	6.937%	$1,595	21	+$64
11	ROCKET MORTGAGE, LLC	$4,660	6.750%	$2,905	48	+$218
12	UNION HOME MORTGAGE CORP.	$4,955	6.875%	$1,901	29	+$513
13	ATLANTIC BAY MORTGAGE GROUP, L.L.C.	$5,141	6.875%	$2,872	57	+$699
14	SWBC MORTGAGE CORPORATION	$5,260	7.000%	$3,002	10	+$818
15	GUARANTEED RATE, INC.	$5,282	6.870%	$2,879	10	+$840
16	GUILD MORTGAGE COMPANY LLC	$5,297	6.490%	$2,470	17	+$855
17	First National Bank of America	$9,149	9.500%	$7,015	17	+$4,707

Includes lenders with 10+ purchase originations in Roanoke city County. Source: HMDA 2024. Sorted by median total loan costs.

View detailed closing cost breakdowns and user reviews for lenders in Virginia → Lender Directory

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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.