Homebuyers in Salem city County who chose Alcova Mortgage LLC paid $3,161 less in closing costs than the county median.
County Median Costs
$5,210
−24.1% vs Virginia ($6,860)
Median Rate
6.620%
+2.0% vs national (6.490%)
Median Origination
$1,797
Purchase Originations
232
Denial Rate
4.9%
vs Virginia avg (6.4%)
vs Virginia Median
24.1% below
$-1,650
vs National Median
22.0% below
$-1,470
4 lenders with 10+ originations, ranked by median total loan costs.
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,049 | 6.625% | $0 | 10 | −$2,517 | |
| 2 | $4,295 | 6.250% | $1,300 | 10 | −$271 | |
| 3 | $4,711 | 6.438% | $3,109 | 12 | +$145 | |
| 4 | $4,914 | 6.624% | $2,186 | 36 | +$348 |
Includes lenders with 10+ purchase originations in Salem city County. Source: HMDA 2025. 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 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.