Compare Mortgage Lenders
Select two lenders to compare side by side using 2023 HMDA federal data: approval rates, denial rates, loan sizes, loan types, and geographic reach.
Key Metrics
| Metric | Atlantic Union Bank | ALCOVA Mortgage, LLC |
|---|---|---|
| Total Applications | 5,288 | 6,339 ▲ |
| Loans Originated | 3,408 | 5,044 |
| Approval Rate (higher is better) | 64.4% | 79.6% ✓ |
| Denial Rate (lower is better) | 24.1% | 3.6% ✓ |
| Avg Loan Amount | $212,190 | $278,272 |
| Avg Interest Rate (lower is better) | 8.063% | 6.786% ✓ |
| Avg Applicant Income | $38,000 | $39,000 |
| Applications Denied | 1,273 | 230 |
| Applications Withdrawn | 356 | 537 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | Atlantic Union Bank | ALCOVA Mortgage, LLC |
|---|---|---|
| Conventional | 4,882 (92.3%) | 3,810 (60.1%) |
| FHA | 260 (4.9%) | 1,528 (24.1%) |
| VA | 62 (1.2%) | 616 (9.7%) |
| USDA | 84 (1.6%) | 385 (6.1%) |
Loan Purpose Breakdown
| Purpose | Atlantic Union Bank | ALCOVA Mortgage, LLC |
|---|---|---|
| Other | 1,678 | — |
| Home Purchase | 1,489 | 5,506 |
| Home Improvement | 1,144 | — |
| Refinancing | 821 | 833 |
| Cash-out Refinancing | 156 | — |
Top States by Loan Volume
Summary
- 5,288 total applications · 3,408 originated
- Approval rate: 64.4%
- Denial rate: 24.1%
- Avg loan: $212,190
- Avg rate: 8.063%
- HQ: Glen Allen, VA
- 6,339 total applications · 5,044 originated
- Approval rate: 79.6%
- Denial rate: 3.6%
- Avg loan: $278,272
- Avg rate: 6.786%
- HQ: Roanoke, VA
Methodology
Comparisons are drawn from the CFPB 2024 HMDA Snapshot National Loan-Level Dataset, published by the Consumer Financial Protection Bureau and distributed via the FFIEC. Every figure on this page comes from lenders' mandatory HMDA filings — not voluntary marketing claims.
Approval (origination) rate = originated ÷ total applications. Denial rate = denied ÷ total applications. Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes. Denial rates reflect a lender's applicant mix as much as its underwriting stance; compare alongside loan-type mix and geography before drawing conclusions.
Side-by-side comparisons are informational only and do not constitute financial, legal, or mortgage advice. Always obtain and compare written Loan Estimates before applying.