Lenders › ALCOVA Mortgage, LLC
ALCOVA Mortgage, LLC
HMDA reporter, headquartered in Roanoke, Virginia. Record for calendar year 2024.
HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Figures are from the 2024 public HMDA loan/application register; cells under 25 applications are withheld.
ALCOVA Mortgage, LLC's 2024 HMDA filing covers 6,339 applications and 5,044 originated loans totalling $1.4bn, in 11 states.
Its denial rate, the share of decided applications the lender denied, was 4.0%, below the national rate of 24.3% and below the Virginia rate of 22.1%. 537 applications were withdrawn by the applicant and 40 files were closed for incompleteness; those are not counted in the denial rate.
The median rate spread on its originated loans, the difference between the loan's APR and the average prime offer rate, was 0.4 percentage points (national median 0.3); 3.3% of its originations had a spread of 1.5 points or more.
By loan purpose the originations were mostly home purchase (88%) and refinancing (12%); by loan type, conventional (59%) and FHA (24%).
The largest volumes were in Virginia (2,396 originations), North Carolina (1,215 originations) and South Carolina (241 originations).
Applications were up 18% on 2023.
VA lender statistics list 55 VA-guaranteed loans for the lender in August 2026.
Compared with Virginia and the nation
| Measure | This lender | Virginia, all lenders | United States |
|---|---|---|---|
| Denial rate (denied ÷ decided applications) | 4.0% | 22.1% | 24.3% |
| Median rate spread, percentage points | 0.4 | 0.3 | 0.3 |
| Originations with spread of 1.5 pp or more | 3.3% | 16.5% | 15.6% |
| Average originated loan | $285k | $352k | $329k |
| Home purchase share of originations | 88.4% | 55.8% | 57.0% |
| FHA-insured share of originations | 24.3% | 11.7% | 13.4% |
| VA-guaranteed share of originations | 10.2% | 16.4% | 7.9% |
| Applications withdrawn by applicant | 8.5% | 14.3% | 14.3% |
Virginia is the lender's largest state by applications. State and national columns cover every HMDA reporter. Rate spread is reported on originated loans only.
Trend by year
ApplicationsOriginations
This lenderVirginiaUnited States
| Year | Applications | Originations | Amount | Denial rate | Median spread | LAR records |
|---|---|---|---|---|---|---|
| 2018 | — | — | — | — | — | 4,418 |
| 2019 | — | — | — | — | — | 6,050 |
| 2020 | — | — | — | — | — | 12,593 |
| 2021 | — | — | — | — | — | 13,397 |
| 2022 | 7,664 | 6,122 | $1.6bn | 3.4% | 0.7 | 7,664 |
| 2023 | 5,350 | 4,240 | $1.1bn | 3.8% | 0.6 | 5,350 |
| 2024 | 6,339 | 5,044 | $1.4bn | 4.0% | 0.4 | 6,339 |
Applications, originations and rates are computed from the public LAR for 2022, 2023, 2024; LAR record counts come from each year's transmittal sheet.
Loan purpose and loan type
By purpose
Home purchase 88% (4,459)Refinancing 12% (585)
By type
Conventional 59% (2,976)FHA 24% (1,227)VA 10% (516)USDA 6% (325)
| Loan type | Applications | Originations | Denied | Denial rate (of applications) |
|---|---|---|---|---|
| Conventional | 3,810 | 2,976 | 138 | 3.6% |
| FHA-insured | 1,528 | 1,227 | 73 | 4.8% |
| VA-guaranteed | 616 | 516 | 12 | 1.9% |
| USDA Rural Housing Service or Farm Service Agency guaranteed | 385 | 325 | 7 | 1.8% |
Shares are of originated loans. The per-type denial rate here divides denials by all applications of that type, because decided counts are not kept per type.
Action taken
| HMDA action taken | Records | Share |
|---|---|---|
| 1 Loan originated | 5,044 | 79.6% |
| 2 Application approved but not accepted | 488 | 7.7% |
| 3 Application denied | 230 | 3.6% |
| 4 Application withdrawn by applicant | 537 | 8.5% |
| 5 File closed for incompleteness | 40 | 0.6% |
| 6 Purchased loan | 0 | 0.0% |
| 7 Preapproval request denied | 0 | 0.0% |
| 8 Preapproval request approved but not accepted | 0 | 0.0% |
Codes and labels are the HMDA action-taken codes. Applications are codes 1–5; the denial rate divides code 3 by codes 1–3.
Denial reasons as coded
Share of the lender's 230 denials by the first denial reason it coded (outlined bar: all lenders nationally). Lenders may record up to four reasons; only the first is counted here.
States
| State | Applications | Originations | Amount | Denial rate | Median spread |
|---|---|---|---|---|---|
| Virginia | 2,896 | 2,396 | $693m | 3.2% | 0.5 |
| North Carolina | 1,572 | 1,215 | $365m | 3.8% | 0.3 |
| South Carolina | 329 | 241 | $66m | 6.6% | 0.4 |
| Georgia | 309 | 225 | $68m | 7.4% | 0.3 |
| West Virginia | 266 | 208 | $39m | 1.7% | 0.7 |
| Maryland | 245 | 200 | $48m | 4.9% | 0.6 |
| Pennsylvania | 186 | 152 | $35m | 7.8% | 0.6 |
| Florida | 177 | 123 | $37m | 9.2% | 0.4 |
| Texas | 164 | 139 | $48m | 2.0% | 0.2 |
| Ohio | 116 | 87 | $17m | 5.7% | 0.5 |
| Tennessee | 56 | 41 | $14m | 0.0% | 0.6 |
States with at least 25 applications. States with 100 or more link to the lender's page for that state.
Counties
| County | State | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|---|
| Chesterfield County | VA | 212 | 181 | $63m | 2.5% |
| Allegany County | MD | 147 | 125 | $19m | 3.7% |
| Wake County | NC | 148 | 114 | $45m | 3.1% |
| Augusta County | VA | 132 | 113 | $30m | 2.5% |
| Pitt County | NC | 131 | 105 | $26m | 4.0% |
| Roanoke County | VA | 112 | 100 | $26m | 1.9% |
| Alleghany County | VA | 102 | 95 | $16m | 0.0% |
| Montgomery County | VA | 109 | 94 | $28m | 1.0% |
| Mecklenburg County | NC | 122 | 87 | $30m | 3.8% |
| Cumberland County | NC | 93 | 73 | $18m | 6.8% |
| Horry County | SC | 96 | 69 | $18m | 7.3% |
| Bedford County | VA | 87 | 69 | $22m | 1.3% |
| Henry County | VA | 92 | 68 | $13m | 1.3% |
| Greenbrier County | WV | 85 | 68 | $12m | 2.6% |
| Lynchburg city | VA | 78 | 64 | $15m | 4.1% |
| Roanoke city | VA | 71 | 62 | $16m | 3.0% |
| Henrico County | VA | 62 | 57 | $19m | 0.0% |
| Danville city | VA | 74 | 56 | $11m | 1.6% |
| Pittsylvania County | VA | 68 | 56 | $11m | 3.3% |
| Powhatan County | VA | 57 | 55 | $23m | 0.0% |
| Cabarrus County | NC | 67 | 54 | $17m | 1.6% |
| Rockbridge County | VA | 65 | 51 | $11m | 0.0% |
| Gaston County | NC | 65 | 50 | $11m | 1.6% |
| Richmond city | VA | 59 | 50 | $18m | 9.1% |
| Staunton city | VA | 63 | 48 | $11m | 5.5% |
| Pulaski County | VA | 61 | 48 | $11m | 0.0% |
| Campbell County | VA | 52 | 45 | $11m | 3.9% |
| Houston County | GA | 67 | 44 | $11m | 10.9% |
| Rockingham County | VA | 50 | 38 | $11m | 6.8% |
Up to 30 counties with at least 50 applications, by originations.
VA-guaranteed loans by month
All VA loansPurchase
| Month | All | Purchase | Cash-out | IRRRL |
|---|---|---|---|---|
| Aug 2026 | 55 | 54 | 0 | 1 |
| Jul 2026 | 66 | 60 | 3 | 3 |
| Jun 2026 | 57 | 57 | 0 | 0 |
| May 2026 | 26 | 22 | 2 | 2 |
| Apr 2026 | 60 | 46 | 2 | 12 |
| Mar 2026 | 55 | 37 | 6 | 12 |
| Feb 2026 | 51 | 40 | 1 | 10 |
| Jan 2026 | 61 | 41 | 9 | 11 |
| Dec 2025 | 28 | 16 | 4 | 8 |
| Nov 2025 | 26 | 22 | 4 | 0 |
| Oct 2025 | 54 | 42 | 8 | 4 |
| Sep 2025 | 59 | 58 | 1 | 0 |
Fiscal-year totals (VA): FY2018 73,138,350 · FY2019 79,001,931 · FY2020 201,016,543 · FY2021 304,079,950 · FY2022 185,477,269 · FY2023 140,257,609 · FY2024 166,269,964 · FY2025 225,757,585. Matched to the VA lender name "ALCOVA MORTGAGE LLC"; VA counts loans by guarantee date, HMDA by application year, so the two series differ.
Questions and answers
How many mortgages did ALCOVA Mortgage, LLC originate in 2024?
5,044 loans totalling $1.4bn, from 6,339 applications reported under HMDA. It also purchased 0 loans from other institutions, which are counted separately.
What is ALCOVA Mortgage, LLC's denial rate and how does it compare?
4.0% of decided applications were denied in 2024, against 24.3% nationally and 22.1% in Virginia. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws; the data do not include some legitimate credit risk considerations.
Which counties does ALCOVA Mortgage, LLC lend in most?
By originations: Chesterfield County, VA (181), Allegany County, MD (125), Wake County, NC (114), Augusta County, VA (113) and Pitt County, NC (105).
What loan types does ALCOVA Mortgage, LLC make?
Conventional 2,976, FHA 1,227, VA 516 and USDA 325 originations in 2024; by purpose, home purchase 4,459, home improvement 0, refinancing 585, cash-out refinancing 0 and other purpose 0.
What reasons did ALCOVA Mortgage, LLC report for denials?
The first denial reason recorded most often was collateral (56), debt-to-income ratio (41) and credit application incomplete (39), as coded by the lender in its HMDA filing.
Where does this data come from?
From the 2024 public HMDA loan/application register published by the FFIEC and CFPB, with the lender's name from its HMDA transmittal sheet and VA loan volume from the Department of Veterans Affairs lender statistics. Cells under 25 applications are withheld.
Provenance
Source: Home Mortgage Disclosure Act public loan/application register for 2024 (trend years 2022, 2023, 2024) and transmittal sheets 2018–2024, published by the FFIEC and CFPB at ffiec.cfpb.gov, public domain; VA lender statistics from the Department of Veterans Affairs. Lender identity is the LEI and name on its transmittal sheet. This site was built 30 Sep 2026. Errors in processing are corrected at the next build; see corrections. Data through 1 Aug 2026.