Mortgage Lenders and Brokers in Hot Springs, Virginia
Brian McKay
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iEditorial Disclosure
Editorial DisclosureLender lists come from federal HMDA loan data. Average rates come from our daily monitoring network. Editorial content is independent of any advertiser relationships.
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✓Fact Checked
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Loan Rates Last Updated and Verified: October 7, 2026
Hot Springs, Virginia mortgage lenders include Burke & Herbert Bk & Tr CoBurke & Herbert Bk & Tr Co9406 Sam Snead Hwy, Hot Springs, VA 24445A5.0 ★Texas Ratio: 7.39%, Truist BankTruist Bank2771 Main St, Hot Springs, VA 24445A+5.0 ★Texas Ratio: 2.87%, Bank of America NABank of America NA42030 Village Center Plz, Aldie, VA 20105A+5.0 ★Texas Ratio: 4.14%, Dupont Community Credit UnionDupont Community Credit Union32 Windward Dr, Fishersville, VA 22939A+5.0 ★Texas Ratio: 1.68%, Atlantic Union BankAtlantic Union Bank115 N Washington St, Alexandria, VA 22314A+5.0 ★Texas Ratio: 2.51%, Peoples BankPeoples Bank141 155 N Court Street, Covington, VA 24426A+5.0 ★Texas Ratio: 3.39%, ALCOVA Mortgage, LLCALCOVA Mortgage, LLCRoanoke, VA, Rocket Mortgage, Mortgage Research Center, and Premier Mortgage Resources, LLC. Banks, credit unions and mortgage companies are listed together, with FHA, VA and local options flagged for quick comparison.
Lenders are ranked only by the number of home loans they closed in Hot Springs, Virginia in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Hot Springs are listed first, then lenders elsewhere in Virginia, then lenders from other states that closed loans there. Banks and credit unions carry a MonitorBankRates health grade, star rating and Texas Ratio, so you can judge how financially sound they are. Mortgage companies have no deposits to rate, so compare their loan programs, median loan and borrower reviews instead. Compare at least three lenders and ask each for a written loan estimate before you choose.
Mortgage Lenders and Brokers in Hot Springs, Virginia
Market share is the lender's share of all home loans closed in Hot Springs, Virginia. Approval share is approvals divided by completed applications. Grade is the MonitorBankRates Health and Safety Grade, available for banks and credit unions only. Average loan is the lender's mean loan amount here.
| Lender | Programs | Loans closed | Market share | Approval share | Average loan | View |
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1 office in Hot Springs 9406 Sam Snead Hwy, Hot Springs, VA 24445 A5.0 ★Texas Ratio: 7.39% |
Conventional | 3 | 10% | 100% | $158,333 | View |
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★ 1 stars, 1 review 1 office in Hot Springs 2771 Main St, Hot Springs, VA 24445 A+5.0 ★Texas Ratio: 2.87% |
Conventional, HELOC | 1 +3 HELOCs |
3.3% | 100% | $85,000 | View |
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42030 Village Center Plz, Aldie, VA 20105 A+5.0 ★Texas Ratio: 4.14% |
Conventional | 2 | 6.7% | 100% | $390,000 | View |
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32 Windward Dr, Fishersville, VA 22939 A+5.0 ★Texas Ratio: 1.68% |
Conventional | 1 | 3.3% | 100% | $95,000 | View |
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115 N Washington St, Alexandria, VA 22314 A+5.0 ★Texas Ratio: 2.51% |
Conventional | 1 | 3.3% | 100% | $135,000 | View |
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141 155 N Court Street, Covington, VA 24426 A+5.0 ★Texas Ratio: 3.39% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
ALCOVA Mortgage, LLC
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Conventional, FHA, USDA | 9 | 30% | 90.9% | $151,666 | |
Rocket Mortgage
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Conventional, FHA | 2 | 6.7% | 66.7% | $260,000 | |
Mortgage Research Center
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Conventional, VA | 2 | 6.7% | 100% | $300,000 | |
Premier Mortgage Resources, LLC
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FHA | 1 | 3.3% | 100% | $245,000 | |
Everett Financial, Inc.
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Conventional | 1 | 3.3% | 100% | $195,000 | |
loanDepot.com LLC
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VA, Jumbo | 1 | 3.3% | 100% | $895,000 | |
Discover Bank
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Conventional | 1 | 3.3% | 66.7% | $65,000 | |
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B-3.5 ★Texas Ratio: 6.80% |
Conventional | 1 | 3.3% | 50% | $685,000 | View |
Teachers Federal Credit Union
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Conventional | 1 | 3.3% | 100% | $385,000 | |
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A+5.0 ★Texas Ratio: 1.10% |
VA | 1 | 3.3% | 100% | $265,000 | View |
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A-5.0 ★Texas Ratio: 14.93% |
Conventional, Jumbo | 1 | 3.3% | 100% | $1,505,000 | View |
New American Funding, LLC.
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Conventional | 1 | 3.3% | 100% | $125,000 | |
Better Mortgage Corporation
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HELOC | 0 +1 HELOCs |
0% | n/a |
Hot Springs Mortgage Rate Trends
Daily average mortgage rates for Virginia compared with the national average, updated every evening.
Mortgage Lenders and Mortgage Brokers Near Me in Hot Springs, Virginia
Looking for mortgage lenders near me or mortgage brokers near me in Hot Springs? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Hot Springs in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Hot Springs, VA
Use these to narrow the list above. Each category shows how many Hot Springs, VA lenders fit and what that kind of lender is usually best for.
Who Lends in Hot Springs, VA
Independent mortgage companies closed 56.7 percent of home loans in Hot Springs, Virginia in 2025, banks 36.7 percent and credit unions 6.7 percent. ALCOVA Mortgage, LLC was the largest mortgage company, Burke & Herbert Bk & Tr Co the largest bank and Dupont Community Credit Union the largest credit union. Among lenders headquartered in Virginia, Burke & Herbert Bk & Tr Co led with 3 loans.
How to Read This List
A high approval share with a small median loan usually points to a lender comfortable with first time and FHA borrowers. A large median loan with conventional and jumbo programs points to a move up and jumbo specialist. The health grade says whether a bank or credit union is financially sound; it says nothing about service, which is what the reviews below are for.
Attorneys customarily handle closings in Virginia. State recordation tax of $0.25 per $100 on deeds and on deeds of trust (buyer/borrower), a state grantor tax of $0.50 per $500 (seller), localities may add one third of the state tax, and Northern Virginia and Hampton Roads add a regional grantor tax of $0.10 per $100 (Va. Code 58.1-801 through 58.1-803).
More Virginia Mortgage Lender Pages
Frequently Asked Questions About Mortgage Lenders in Hot Springs, VA
By home loans closed in 2025, Burke & Herbert Bk & Tr Co was the largest mortgage lender in Hot Springs, Virginia with 3 loans, about 10 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
3 lenders closed FHA loans in Hot Springs, Virginia in 2025, led by ALCOVA Mortgage, LLC with 3. 3 lenders closed VA loans, led by Mortgage Research Center, and 1 closed USDA rural loans. Use the FHA and VA filters above the table to see only those lenders; FHA loans allow 3.5 percent down and lower credit scores, VA loans need no down payment for eligible veterans. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
Yes. 9 banks and 2 credit unions closed home loans in Hot Springs, Virginia in 2025, alongside 8 independent mortgage companies and brokers. Banks and credit unions carry a MonitorBankRates health grade. Mortgage companies are not deposit institutions, so they have no health grade; their HMDA figures and borrower reviews stand in. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
Lenders are ranked only by the number of home loans they closed in Hot Springs, Virginia during 2025 as reported under the federal Home Mortgage Disclosure Act. No lender pays to be listed or to rank higher, and reviews do not change the order. Counts cover first and second lien loans on one to four unit homes for purchase, refinance and home improvement; home equity lines are counted separately.
Methodology and Sources
Lender rankings use the loan level records that lenders file under the Home Mortgage Disclosure Act, published by the FFIEC and the Consumer Financial Protection Bureau for the 2025 reporting year. Counts include originated first and subordinate lien loans on one to four unit homes in Hot Springs, Virginia for purchase, refinance and other purposes; home equity lines of credit are counted separately and reverse mortgages and business purpose loans are excluded. Approval share is originations plus approved but not accepted applications divided by all completed applications (withdrawn and incomplete files are excluded). Lender type comes from the lender's federal regulator and the FFIEC National Information Center. City figures use the Census tracts that make up Hot Springs. Health grades are MonitorBankRates data and are current as of the date shown. Lenders below the HMDA reporting thresholds do not appear. MonitorBankRates receives no payment for placement on this page. Last updated October 8, 2026.
