Where does Alcova Mortgage LLC do business?

Alcova Mortgage LLC is a direct lender based in Roanoke, VA. The company was founded in 2003 and offers mortgages to borrowers in 9 states across the USA (and Washington, DC).

How much can you borrow via Alcova Mortgage LLC?

Alcova Mortgage LLC allows borrowers to apply for loan amounts of up to $2,000,000. Note that the maximum loan amount you can borrow will also vary depending on the type of mortgage you choose, regardless of the lender you choose..

Does Alcova Mortgage LLC charge a mortgage origination fee?

Yes, Alcova Mortgage LLC may charge a loan origination fee.

Does Alcova Mortgage LLC charge prepayment fees?

Yes, Alcova Mortgage LLC charges additional fees to borrowers who pay off their loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment fees can reduce or even cancel the interest savings of repaying a loan early.

What mortgage programs does Alcova Mortgage LLC offer?

Alcova Mortgage LLC offers the following mortgage programs:

  • Conventional mortgages
  • FHA
  • FHA 203k
  • USDA
  • VA

What property usage types does Alcova Mortgage LLC allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Alcova Mortgage LLC allows the following property usage types: 

  • Primary home
  • Secondary homes and vacation properties
  • Inestment properties and house flipping projects 

  • Institution Type
    Direct Lender
  • Intended Use
    • Investment/House Flipping
    • Primary Home
    • Secondary Home
  • Investment
  • Primary Residence
  • Estate/Trust/Retirement
  • Loan Amount
    $50000 - $2000000
  • Terms
    10, 15, 20, 25, 30
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