Alcova Mortgage · South Carolina · 2025

Alcova Mortgage in South Carolina: approval rate, denial rate and rates (2025)

Alcova Mortgage took 566 mortgage applications in South Carolina in 2025, ranking #92 of 1,143 lenders active in the state. It originated 70.5% of them and denied 5.7% (6.5% of the applications it decided), against a statewide denial rate of 18.3%.

566Applicationsin SC
6.5%Decision denial ratestate 23.5%
6.63%Median ratestate 6.50%
$235,000Median loanstate $225,000
$108MVolume35 counties

Alcova Mortgage in South Carolina vs the state

5.7%Denial rate-12.66 pts vs state
6.5%Decision denial rate-16.98 pts vs state
70.5%Origination rate+13.88 pts vs state
6.63%Median rate+0.13 pts vs state
0.36Rate spread (pts)+0.14 pts vs state
$81kMedian applicant income
399Loans originated
32Denied

Trend in South Carolina

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232181605.5%7.13%#153
20243292415.8%6.75%#118
20255663995.7%6.63%#92

What Alcova Mortgage lends in South Carolina

By loan purpose

Home purchase 497 88% · 5.2% denied
Refinance 69 12% · 8.7% denied

By loan type

Conventional 292 52% · 5.8% denied
FHA 177 31% · 5.1% denied
VA 52 9% · 7.7% denied
USDA / RHS 45 8% · 4.4% denied

Why it denied South Carolina applicants

Incomplete application 10 31%
Collateral 8 25%
Debt-to-income ratio 6 19%
Other 5 16%
Credit history 2 6%
Insufficient cash 1 3%

Where in South Carolina

Counties with the most Alcova Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Horry County 1611146 3.7%
Dillon County 58494 6.9%
York County 58411 1.7%
Florence County 42272 4.8%
Charleston County 28142 7.1%
Richland County 26163 11.5%
Lancaster County 25211 4.0%
Berkeley County 24161 4.2%
Marion County 1492 14.3%
Anderson County 14101 7.1%

Other large lenders in South Carolina

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 13,40316.8%6.63%
Vanderbilt Mortgage and FinanceF 12,27240.7%6.50%
United Shore Financial ServicesB 9,23612.8%6.13%
21st MortgageF 6,51048.2%10.41%
Dhi Mortgage CompanyB 6,18417.4%4.99%
Navy Federal Credit UnionD 5,42421.2%7.50%
First-Citizens Bank & TrustB 5,39920.9%6.38%
Freedom MortgageB 5,2967.3%6.25%
Mortgage Research CenterC 5,18919.1%6.25%
Bank of AmericaF 5,00933.1%6.24%

Frequently asked questions

South Carolina: 566 applications in 2025, of which 399 were originated and 32 denied.

5.7% of all applications, or 6.5% of the applications it actually decided on. The South Carolina statewide average across all lenders was 18.3%.

The median rate on loans Alcova Mortgage originated in South Carolina in 2025 was 6.63%, against a statewide median of 6.50%.

About this data. Figures are Alcova Mortgage's own HMDA filing for properties located in South Carolina, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology