Lowest closing cost mortgage lenders in Salem city County, Virginia
In Salem city, Virginia, homebuyers paid a median of $5,801 in closing costs in 2024 — below the Virginia median of $6,913. The county saw 233 purchase mortgages at a median rate of 6.75%. Among lenders with 10+ originations, Alcova Mortgage LLC offered the lowest median costs at $3,950, which is $752 less than the county median.
Homebuyers in Salem city County who chose Alcova Mortgage LLC paid $1,851 less in closing costs than the county median.
County Median Costs
$5,801
−16.1% vs Virginia ($6,913)
Median Rate
6.750%
+2.0% vs national (6.620%)
Median Origination
$2,141
Purchase Originations
233
vs Virginia Median
16.1% below
$-1,112
vs National Median
13.9% below
$-940
Lender rankings in Salem city County
2 lenders with 10+ originations, ranked by median total loan costs.
Fewer than 3 qualifying lenders in this county.
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.