Alcova Mortgage in Virginia vs the state
2.8%Denial rate-13.12 pts vs state
3.1%Decision denial rate-17.17 pts vs state
81.6%Origination rate+22.12 pts vs state
6.63%Median rate0.00 pts vs state
0.39Rate spread (pts)+0.17 pts vs state
$91kMedian applicant income
2,663Loans originated
92Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 2,752 | 2,270 | 3.1% | 6.99% | #20 |
| 2024 | 2,896 | 2,396 | 2.9% | 6.88% | #23 |
| 2025 | 3,262 | 2,663 | 2.8% | 6.63% | #23 |
What Alcova Mortgage lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most Alcova Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Chesterfield County | 198 | 176 | 3 | 1.5% |
| Henry County | 151 | 115 | 3 | 2.0% |
| Montgomery County | 136 | 111 | 4 | 2.9% |
| Augusta County | 134 | 120 | 0 | 0.0% |
| Roanoke County | 112 | 95 | 0 | 0.0% |
| Alleghany County | 102 | 82 | 2 | 2.0% |
| Bedford County | 97 | 80 | 5 | 5.2% |
| Pittsylvania County | 95 | 80 | 0 | 0.0% |
| Danville city | 91 | 68 | 1 | 1.1% |
| Roanoke city | 90 | 72 | 7 | 7.8% |
Other large lenders in Virginia
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Navy Federal Credit Union | D | 19,395 | 19.3% | 7.75% |
| Rocket Mortgage | C | 19,274 | 14.8% | 6.63% |
| United Shore Financial Services | B | 13,994 | 10.4% | 6.12% |
| Truist Bank | C | 11,838 | 31.6% | 6.49% |
| Mortgage Research Center | C | 9,000 | 16.7% | 6.25% |
| Pennymac Loan Services | C | 8,334 | 10.7% | 6.38% |
| Freedom Mortgage | B | 8,029 | 6.5% | 6.25% |
| Bank of America | F | 6,584 | 31.9% | 6.24% |
| Newrez | D | 6,390 | 16.4% | 6.38% |
| Movement Mortgage | A | 6,126 | 4.3% | 6.56% |
Frequently asked questions
Virginia: 3,262 applications in 2025, of which 2,663 were originated and 92 denied.
2.8% of all applications, or 3.1% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans Alcova Mortgage originated in Virginia in 2025 was 6.63%, against a statewide median of 6.63%.
About this data. Figures are Alcova Mortgage's own HMDA filing for properties located in Virginia, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology