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Profile picture of Ryan Charles - ALCOVA Mortgage
Ryan Charles
Branch Partner
NMLS ID# 247505 | Licensed In: VA, GA (#69409)
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Get to know me

Originally from: Midlothian, VA

What I like about this business: Changing people's worlds, one loan at a time!

Movies I like: Pulp Fiction, Gladiator, Gangs of New York, Anchorman, Goodfellas

Local hangouts I like: Lewis Ginter Botanical Gardens, Colonial Williamsburg, Busch Gardens, Boathouse @ Sunday Park, Angelos Italian Pizza

What I'm involved in: Rotary Club of Powhatan (President 2017-2018, and 2018-2019)

My dream vacation is: St. Martin & Edgartown in Martha's Vineyard

LET'S GET STARTED

Apply NOW
804.543.2009
18662216840
rcharles@alcova.com
1 Park West Circle Suite 100 Midlothian, VA 23114


Real Estate on Zillow
Zillow StarsZillow StarsZillow StarsZillow StarsZillow Stars
2019-12-09

Fantastic
gerena25
Do yourself a favor and work with Ryan. He and his team did an outstanding job guiding us through the mortgage process. As a first time home buyer, there we're plenty of questions to be asked and Ryan was always there to answer everything. Ryan and Carol did a wonderful job keeping us updated through the loan process, and were always very easy to get ahold of. Ryan and his team made buying our first house, EASY and for that we are so grateful. If you have any doubts about Alcova Mortgage in Midlothian, just forget about it because you are dead wrong, do the smart thing and pick them as your lender. I promise you absolutely will not be disappointed with their wonderful work.
Zillow StarsZillow StarsZillow StarsZillow StarsZillow Stars
2019-11-12

Do yourself a favor and trust Ryan
JRohde82
Ryan made our home loan process smooth and simple. From the very fist phone call to the email a few days after closing. We could call, text, and email anytime we had question about the status of our loan and always got a timely response (many times after business hours). Ryan made us feel like we were working with a family member or friend, he took the time to get to know us and understand what we wanted. I would hands down recommended Ryan if you are looking to purchase a new home.
Zillow StarsZillow StarsZillow StarsZillow StarsZillow Stars
2019-11-04

Business Casual, a Great help!
Edward
Ryan Charles was very helpful to my wife and I. We recently purchased a new house, and were very surprised with the level of professionalism and courtesy that was shown to us. Ryan took time out of his day to help us understand the processes that go into buying a home. We definitely recommend Ryan Charles a hundred times over for your home loan needs!

About Ryan Charles

A former collegiate and professional athlete, Ryan’s competitive spirit now is focused on running a top-producing mortgage office while striving to make each client feel as if they were his only one. Ryan is proud to have worked with literally thousands of local buyers and other real estate professionals in the Richmond area. He attributes his success to a strong network of trusted referral partners, a firm understanding of the real estate market, and a constant dedication to staying on top of loan programs, industry changes, and financial trends.

Ryan’s other competitive accomplishments include: making the Dean’s list while serving as a 2-year varsity basketball team captain in his time at Radford University, playing Duke in Kentucky’s Rupp Arena in the 1st round of the 1998 NCAA basketball tournament, going on to play professionally in 7 countries around the world after college, and being named to the Clover Hill Athletic Hall of Fame (induction class of 2008).

He now lives in Midlothian with his wife and 2 young daughters. In his spare time he enjoys reading, spending time outdoors with the family, sports, and getting involved in local community events and activities. Ryan is proud to currently be on the Board of the Rotary Club of Powhatan.

Tips for a Smooth Mortgage Process

A reminder of the 3 out-of-pocket costs that you will incur during the purchase process (a refinance only requires the appraisal):

 1.  Earnest Money Deposit (EMD) – This is a good faith deposit that you will give to your agent to put down toward the purchase of your home at the point in which the contract is accepted. This is usually less than 1% of the purchase price and typically as low as $500 (negotiable). Our loan underwriter will require proof that this was withdrawn from your account (so you can get credit for it toward your required down payment at closing). Please be sure that you write a check from one of the same accounts that you provided to us on the application. After it clears, we will need to see a copy of the cleared earnest money deposit check along with a statement or bank-stamped activity printout showing the funds were paid through that account.

 2.  Home Inspection – This is a thorough visual inspection of the structure and components of a home to find items that are not performing correctly or items that are unsafe. This inspection is not required but recommended. We do not need a copy of this report. Should you choose to get one, the cost is normally $350-$450 paid directly by you to the home inspector at the time of services rendered (typically by personal check).

3.  Appraisal – An expert opinion of a certified, state-licensed appraiser used to value a property. An appraisal is required by all mortgage lenders to determine that the sales price is in line with the home’s value. This cost is normally $495. We will order this report for you using the credit card authorization that is part of the loan document package. We will only do this once our underwriter gives us the green light to do so, and we typically like to wait to be sure that the home inspection (should you choose to get one) is cleared of concerns before ordering the appraisal (after all, you don’t want to pay to know the value of something that you don’t want to buy).

 

Please DO NOT do any of the following during the loan process:
  • Make any large deposits (including cash) into any of the accounts that you have listed on the application.
  • Transfer money between accounts (unnecessarily) as you will need to show the sources of the deposits made into these accounts.  It’s best to move money around as little as possible once you are pre-approved.
  • Allow your bank accounts to drop below the balance of what you need to close your loan.  Definitely want to avoid any “insufficient funds” or overdrafts appearing on any of the bank statements used for loan processing.
  • Establish any new credit lines/cards (including new furniture), finance anything new, co-sign for anything for anyone, or work on consolidatation of existing debt.  Also please use existing credit accounts as sparingly as possible during the loan process. Please call us if you plan to make a large purchase on an existing credit account so we can ensure that it won’t jeopardize your loan status (debt-to-income concern)
  • Close any existing credit accounts. You can pay them down/off, but do NOT close them as it can have a negative affect on your credit scores
  • Change companies, change or quit jobs, accept a new position within the same company, or change pay structures (example, less base and more commission)​
  • Use cash as an earnest money deposit (EMD).  The EMD will need to come from one of the accounts that you have provided us a bank statement for (also will be listed on your loan application)

If there are funds due from you at closing, the title company/closing attorney will require a cashier’s (bank check) from the same account that you have verified through us on your application. Please do not use any unverified accounts or undisclosed gifts to pay for your cost to close.

If you encounter a special situation or have any questions or concerns please give Carol or Ryan a call ASAP so we can discuss and put your mind at ease.  We want you to have a comfortable process and communication is key!

$500 discount off any loan closing costs for teachers, nurses, police, first responders, EMS, fire, state, and county employees

A former collegiate and professional athlete, Ryan’s competitive spirit now is focused on running a top-producing mortgage office while striving to make each client feel as if they were his only one. Ryan is proud to have worked with literally thousands of local buyers and other real estate professionals in the Richmond area. He attributes his success to a strong network of trusted referral partners, a firm understanding of the real estate market, and a constant dedication to staying on top of loan programs, industry changes, and financial trends.

Ryan’s other competitive accomplishments include: making the Dean’s list while serving as a 2-year varsity basketball team captain in his time at Radford University, playing Duke in Kentucky’s Rupp Arena in the 1st round of the 1998 NCAA basketball tournament, going on to play professionally in 7 countries around the world after college, and being named to the Clover Hill Athletic Hall of Fame (induction class of 2008).

He now lives in Midlothian with his wife and 2 young daughters. In his spare time he enjoys reading, spending time outdoors with the family, sports, and getting involved in local community events and activities. Ryan is proud to currently be on the Board of the Rotary Club of Powhatan.

Tips for a Smooth Mortgage Process

A reminder of the 3 out-of-pocket costs that you will incur during the purchase process (a refinance only requires the appraisal):

 1.  Earnest Money Deposit (EMD) – This is a good faith deposit that you will give to your agent to put down toward the purchase of your home at the point in which the contract is accepted. This is usually less than 1% of the purchase price and typically as low as $500 (negotiable). Our loan underwriter will require proof that this was withdrawn from your account (so you can get credit for it toward your required down payment at closing). Please be sure that you write a check from one of the same accounts that you provided to us on the application. After it clears, we will need to see a copy of the cleared earnest money deposit check along with a statement or bank-stamped activity printout showing the funds were paid through that account.

 2.  Home Inspection – This is a thorough visual inspection of the structure and components of a home to find items that are not performing correctly or items that are unsafe. This inspection is not required but recommended. We do not need a copy of this report. Should you choose to get one, the cost is normally $350-$450 paid directly by you to the home inspector at the time of services rendered (typically by personal check).

3.  Appraisal – An expert opinion of a certified, state-licensed appraiser used to value a property. An appraisal is required by all mortgage lenders to determine that the sales price is in line with the home’s value. This cost is normally $495. We will order this report for you using the credit card authorization that is part of the loan document package. We will only do this once our underwriter gives us the green light to do so, and we typically like to wait to be sure that the home inspection (should you choose to get one) is cleared of concerns before ordering the appraisal (after all, you don’t want to pay to know the value of something that you don’t want to buy).

 

Please DO NOT do any of the following during the loan process:
  • Make any large deposits (including cash) into any of the accounts that you have listed on the application.
  • Transfer money between accounts (unnecessarily) as you will need to show the sources of the deposits made into these accounts.  It’s best to move money around as little as possible once you are pre-approved.
  • Allow your bank accounts to drop below the balance of what you need to close your loan.  Definitely want to avoid any “insufficient funds” or overdrafts appearing on any of the bank statements used for loan processing.
  • Establish any new credit lines/cards (including new furniture), finance anything new, co-sign for anything for anyone, or work on consolidatation of existing debt.  Also please use existing credit accounts as sparingly as possible during the loan process. Please call us if you plan to make a large purchase on an existing credit account so we can ensure that it won’t jeopardize your loan status (debt-to-income concern)
  • Close any existing credit accounts. You can pay them down/off, but do NOT close them as it can have a negative affect on your credit scores
  • Change companies, change or quit jobs, accept a new position within the same company, or change pay structures (example, less base and more commission)​
  • Use cash as an earnest money deposit (EMD).  The EMD will need to come from one of the accounts that you have provided us a bank statement for (also will be listed on your loan application)

If there are funds due from you at closing, the title company/closing attorney will require a cashier’s (bank check) from the same account that you have verified through us on your application. Please do not use any unverified accounts or undisclosed gifts to pay for your cost to close.

If you encounter a special situation, or have any questions or concerns at all about anything, please give your Client Relations Coordinator a call at your earliest convenience so you can discuss it with them.  We want you to have a comfortable process, and communication is the key!

$500 discount off any loan closing costs for teachers, nurses, police, first responders, EMS, fire, state, and county employees
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Equal Housing Lender LogoALCOVA Mortgage LLC | NMLS#40508 | (www.nmlsconsumeraccess.org)
Licensed in AL, CO, DC, FL, GA (License #42101), KY, MD, NC, PA, SC, TN, VA, WV | 308 Market St SE, Roanoke, VA 24011

Equal Housing Lender LogoALCOVA Mortgage LLC | NMLS#40508 | (www.nmlsconsumeraccess.org)
Licensed in AL, CO, DC, FL, GA (License #42101), KY, MD, NC, PA, SC, TN, VA, WV | 308 Market St SE, Roanoke, VA 24011