Alleghany County
Virginia · FIPS 51005
According to CFPB HMDA 2024 application volume among U.S. counties, Alleghany County ranks #2,112 of 3,210, and #106 of 133 in Virginia.
Mortgage lending activity in Alleghany County, Virginia based on lender filings under the Home Mortgage Disclosure Act (HMDA). Data covers all applications received by HMDA-reporting institutions operating in this county during 2024. Why mortgages get denied walks the denial-reason codes that appear in books like this one.
Local mortgage market. Alleghany County, Virginia saw 434 HMDA-reported mortgage applications in 2024. Lenders originated 225 of those loans and denied 74, producing a denial rate of 17.1% and an approval (origination) rate of 51.8%. The average loan amount was $147,581 at an average note rate of 7.40%, with applicants self-reporting average annual income of $36K. 58 distinct institutions reported mortgage activity in this county.
Borrower leverage and affordability signal. The loan-to-income ratio averages 4.1x, meaning typical borrowers took on mortgages of about 4.1 times their annual income. That ratio is a rough affordability signal: higher multiples imply tighter monthly budgets and greater exposure to rate or income shocks. See our methodology for how to read the denial rate against a local applicant pool. This page is informational data reporting, not financial, legal, or mortgage advice.
Lender concentration in Alleghany County
In Alleghany County, lead originator ALCOVA Mortgage, LLC funded 42.2% of 225 originated loans, above the county fleet's upper tercile (~16.7% top-1). The top three reporters together hold 53.8% of the book, so a handful of names dominate disclosed volume here.
Counties With Similar Application Volume
Nationwide counties nearest to Alleghany County's 434 HMDA applications.
Counties With a Similar Average Loan
Nationwide counties nearest to Alleghany County's $147,581 average loan (deduped against volume peers).
Lenders active in Alleghany County
ALCOVA Mortgage, LLC funded 95 of the 225 loans originated in Alleghany County, 42.2% of the county. 58 lenders reported activity here.
| # | Lender | Originated | Market Share |
|---|---|---|---|
| 1 | ALCOVA Mortgage, LLC | 95 | 42.2% |
| 2 | First Ciitizens Bank and Trust | 14 | 6.2% |
| 3 | Peoples Bank | 12 | 5.3% |
| 4 | Rocket Mortgage | 11 | 4.9% |
| 5 | Truist Bank | 8 | 3.6% |
Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. County FIPS codes per U.S. Census Bureau standards.
Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Provided for informational purposes only; does not constitute financial advice for Alleghany County borrowers.
Read our methodology - how this data is sourced, computed, and verified.
Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This Alleghany County page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of 2026-08-10. HMDA figures are lender-filed application outcomes for a published reporting year - not creditworthiness scores, rate quotes, Loan Estimates, underwriting decisions, or mortgage advice.