Applications / Mortgage Analytics / Lenders / Virginia / Alcova Mortgage
Roanoke, VA · Non-bank lender · CFPB · 6,192 loans in 2025
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6,192
loans originated, 2025
7,839
applications, 2025
24
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Alcova Mortgage, a Virginia-based home-purchase lender, grew 23% in 2025 to 6,192 loans and does more rural and lower-income lending than similar lenders.
Originations rose 23% from 5,044, against 18% for similar lenders (non-bank lenders making between half and twice as many loans) and 10% for the whole market, higher than about two-thirds of them. Purchases made up 86.8% of its lending.
It ranked 3 of 539 lenders in non-metro Virginia, behind Rocket Mortgage and United Wholesale Mortgage. RHS loans (guaranteed by the Department of Agriculture's Rural Housing Service) were 6.8% of its originations, against 0.0% at the typical similar lender, and manufactured homes 4.0%, against 1.4%.
It made 36.8% of its loans to LMI (low- and moderate-income) borrowers, against 25.9%, more than about two-thirds of similar lenders. Its typical loan was $265,000, against $305,000, smaller than about nine in ten. Only 18.3% of its loans were in majority-minority areas, against 32.8%; its weight in rural Virginia lending could account for this.
In Charlotte-Concord-Gastonia its share rose to 0.6% from 0.4%, and it ranked 44 of 775. In Richmond it ranked 22 of 551, with a share of 1.2%, down from 1.8%; more of its growth going to other markets, as in Charlotte, is one possible reason.
Questions the data can answer next
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Alcova Mortgage took 7,839 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 86.8% · Refinance 13.2%
Conventional 58.3% · FHA 25.9% · VA 9.0% · USDA (RHS or FSA) 6.8% · of 6,192 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Virginia | 2,663 | 43.0% |
| North Carolina | 1,682 | 27.2% |
| South Carolina | 399 | 6.4% |
| West Virginia | 255 | 4.1% |
| Maryland | 238 | 3.8% |
| Georgia | 219 | 3.5% |
| Pennsylvania | 168 | 2.7% |
| Florida | 158 | 2.6% |
| Ohio | 144 | 2.3% |
| Texas | 123 | 2.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Charlotte-Concord-Gastonia | 459 |
| Richmond | 394 |
| Roanoke | 265 |
| Arlington-Alexandria-Reston | 259 |
| Lynchburg | 220 |
| Blacksburg-Christiansburg-Radford | 215 |
| Staunton-Stuarts Draft | 195 |
| Greensboro-High Point | 170 |
| Virginia Beach-Chesapeake-Norfolk | 167 |
| Raleigh-Cary | 163 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300RYBJHWWDENV610 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 4320087 | 2011–2023 |
| Respondent ID (the HMDA filer code before 2018) | 7141886719 |
Established 14 May 2003. Reported under HMDA 2010-2025.
Mergers, name changes, data editions and corrections: Alcova Mortgage's data.
Alcova Mortgage's data
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Alcova Mortgage and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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