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1Rate, Inc

12123 Heritage Park Cir, Silver Spring, MD 20906, USA

(36)
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‘21 Certificate of Excellence, 2021

About

We believe that not every loan fits every person and that each individual or family's situation is unique. We also believe that the mortgage industry has been using an antiquated method and technology for a very long time. 1RATE was founded with the goal to disrupt the industry with technology and analytics to help borrowers find the 1 loan with the 1 rate that fits their needs.

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Reviews (36)

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5/5

36 customer reviews

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3 November 2023

I strongly recommend 760Plus Credit Score. They really helped me so much, after already paying a con-artist who just took my money and did nothing for over a year, I discovered 760PLUSCREDITSCORE AT GMAIL DOT COM in a credit forum, they immediately showed results and even guided me on what my best solution for my trade in for a new vehicle would be with a lower approximate % and not to mention how well they inform me and explain to me everything that's going on with my credit. Thank you the team at 760Plus.

12 March 2019

We are very happy with our experience with Alcova! Everyone we worked with was very polite. They were accessible whenever we had questions and were quick to respond and provide thorough explanations when needed. For something that can be a somewhat stressful process, it really ended up being quite painless and smooth. More...

Reviewed on Google Maps

12 November 2018

I contacted Kerry around Mid-September with the intent of refinancing my FHA mortgage to a conventional home loan. I must say that I am extremely impressed by the diligence and care that Kerry gave to my refinance from day one to closing. His team, especially Jayanie, is professional, thorough and always available to answer questions about every aspect of the process. Kerry was recommended to me by a relative and I too would highly recommend his services to others in need of a trustworthy lender. He is knowledgeable, experienced, and gets the job done. Again, thank you Kerry for all of your help and hard work! More...

Reviewed on Google Maps

13 October 2018

Wonderful lender to work with. Extremely knowledgeable and very prompt and attentive to our needs. Highly recommended!

Reviewed on Google Maps

10 June 2018

As a Real Estate Agent I have worked with David Cho and ALCOVA Mortgage for several years and their performance has been nothing short of remarkable. They are timely and professional which in today's fast paced market is a must. We have all sat with clients waiting at the settlement table waiting for loan docs from the big banks. That has never happened to me with ALCOVA. They consider their clients family and so do I. In fact I have trusted numerous family members to ALCOVA More...

Reviewed on Google Maps

10 June 2018

I worked with Alcova on a home refi and they were ABSOLUTELY AWESOME!!! Leon, Candy, and the rest of the team were very professional and personable. They were always there to answer any questions and provide clarity as needed. They made the process easy and stress free. More...

Reviewed on Google Maps

10 June 2018

This is the second time my wife and I used ALCOVA Mortgage. Their service has been consistently amazing throughout the entire process. They guided us through every step and made sure we were at ease when we had our worries. We can't thank them enough for helping us get our dream home. I have referred ALCOVA Mortgage to everyone that I know who were looking to buy a home. So if you are looking to purchase your dream home, my wife and I encourage you to contact ALCOVA Mortgage.Thank you David, Jayanie and Craig. We will see you in a decade when were ready to purchase our vacation home! More...

Reviewed on Google Maps

10 June 2018

The definition of great customer service is ALCOVA Mortgage.No matter how many times a day I called, I was always greeted by awesome personalities and attitudes that were always eager to help my every need. I was able to close on my home in less than a month due to ALCOVA Mortages dedication to my case. More...

Reviewed on Google Maps

10 June 2018

My wife and I worked with Craig on financing our first home purchase. He was a pleasure to work with. He was knowledgeable, quick to respond to any questions we had, and was very organized. He made our transaction as stress free as possible. We would definitely work with Craig in the future! More...

Reviewed on Google Maps

10 June 2018

Kerry Hamilton at Alcova did an outstanding job in obtaining our mortgage and walking us through the entire process. He is extremely knowledgeable and helpful . He diligently worked through all of the intricacies of the process to provide a complete service from start to finish. We appreciate the efforts of him and his staff. More...

Reviewed on Google Maps

10 June 2018

The Alcova team was truly great to work with. They were extremely knowledgeable, responsive, provided regular updates during the process, and was able to secure great rates for my families recent home purchase. Highly recommend them for any one looking for mortgage financing options. More...

Reviewed on Google Maps

4 June 2018

Thankyou so much to Dan, Jayanie and Candy! They were a Great Team! They made our first time homebuying experience easy and smooth. Highly Recommended! Thankyou so much for everything!! More...

Reviewed on Google Maps

4 June 2018

Great experience working with the Alcova team (especially David and Jayanie). They are knowledgable, responsive, and patient. Whether you're a first time home buyer, refinancing, or have more complex needs, the Alcova team is fantastic. More...

Reviewed on Google Maps

4 June 2018

I highly recommend Danny & David and the rest of the Alcova team. I used them for my purchase and refinance.

Reviewed on Google Maps

4 June 2018

Fantastic customer service. They are very patient and thorough in explaining the ins and outs of the loan process. Very approachable and detail oriented. Highly recommend!

Reviewed on Google Maps

4 June 2018

I don't typically write reviews but wanted to share my experience with Alcova. They are the only lender that was able to complete a loan for a very complicated real estate purchase I recently completed. They worked tirelessly to complete the loan for me to ensure the deal closed smoothly. David Cho and Jayanie Basnayaka are the best, I recommend getting in touch with them if you are purchasing or refinancing a home. More...

Reviewed on Google Maps

4 June 2018

Dan and his team were extremely helpful in assisting me in the refinance of my mortgage. He was very clear about what documents I needed to provide and we managed to complete the process very quickly. In addition to myself, Alcova assisted my parents in a refinance of their mortgage, which drastically reduced their monthly payment. Por hispanohablantes, Alcova tiene empleados que tan bien pude asistirte en español. Trabajando con Dan y su equipo era muy fácil cuando yo necesitaba ayudar con la refinanciación de mi hipoteca. Él era muy claro sobre qué documentos yo necesitaba entregar. Alcova es un negocio muy cumplido y honesto. Ellos te ayudan a con todo que es necesario para pider un préstamo. Además de mí, Alcova ayudó a mis padres en una refinanciación de su hipoteca, lo que redujo drásticamente su pago mensual. More...

Reviewed on Google Maps

4 June 2018

Kerry with Alcova was a great mortgage Leander to work with. He was very professional, but also friendly so that was nice to have. Our experience with him was amazing and we are so thankful that he was who we worked with. More...

Reviewed on Google Maps

4 June 2018

Craig Plucinski was a great help for us when we were going through the lending process for our new home. He was knowledgeable, timely and professional. I would highly recommend him and ALCOVA to anyone going through a home buying experience. More...

Reviewed on Google Maps

4 June 2018

Everyone at Alcova was great with helping me through the process of buying my house. Highly recommend David, Candy and Jayanie.

Reviewed on Google Maps

4 June 2018

David Cho and his team are amazing. David does an exceptional job of customizing solutions to fit a customer's specific needs. He is incredibly knowledgeable, patient and detail-oriented. His support staff, in particular, Saro Gahima, are customer-centric and always there to anwer questions. David and Alcova have a customer for life. More...

Reviewed on Google Maps

4 June 2018

Thank you so much David, Candy and the rest of the Alcova team for all your help! They were very patient and helpful, giving us the best service. Definitely recommend. We are very happy. :) More...

Reviewed on Google Maps

4 June 2018

There were a few bumps in the road in the beginning, but it all worked out after working with David and Jayanie. David was very thorough and professional. He always took the time to make sure we understood all the steps in the process. I would definitely recommend them! More...

Reviewed on Google Maps

4 June 2018

The people at Alcova changed our lives. My wife and I had no idea that we would be able to get a home in the financial situation that we were in. David and his group stepped in and put us where we needed to be. And we can't be any more grateful for it. More...

Reviewed on Google Maps

4 June 2018

We had a great experience with Alcova Mortgage. Everyone was very helpful and polite and did everything possible in order to help us with our needs. All questions and concerns were answered promptly even thou the staff are always busy. More...

Reviewed on Google Maps

4 June 2018

My family has worked with Dan Maggin, David Cho, and the team at Alcova on several occasions – for refinancing as well as new mortgages. They are the best! They make what is often a stressful and confusing process as painless as possible. Most recently, Dan assisted us with a new home mortgage. Before going with Alcova, we also looked at other options through our bank and my employer preferred lending program – just to be sure. Alcova still produced the best options and best experience. What you can expect with Dan, David and the Alcova team:- Proactive communication- Responsiveness when you call - Pressure and hassle-free: You never feel pressured or like you’re being ‘sold to’ as you might with the bank. They present the options, pros/cons, and empower you to decide based on your individual needs/circumstances- Clear explanation of the loan documents and patience in answering your questions- Competent and qualified professionals working hard for you- Great service: Whether it was my first home for $200K or my most recent for $700K, they’ve always treated me like a valued customer More...

Reviewed on Google Maps

4 June 2018

A Bunch of great people!!!! Thanks much... Emmanuel, David and Saro you all have been a Blessing to me and my family. I am forever grateful.HIGHLY RECOMMENDED!!!!Joe.F

Reviewed on Google Maps

4 June 2018

I was a first time home buyer so was of course very nervous. Dan patiently answered all my questions and made getting a mortgage a much less scary process. Thanks for everything!

Reviewed on Google Maps

4 June 2018

I have known Dan and worked with him in one way or another now for the past 10 years. In that time, he has become a trusted source of knowledge in anything having to do with the mortgage industry. Not only with his knowledge in mortgages and the current state of the market, but also as a trusted referral source when having a need to be connected with the right person that can help with anyone's mortgage or real estate needs. Whether he knows the answer or not, whether it benefits him or not, there is always one thing you can come to expect from Dan - you will always get follow through with a timely, upfront, genuine and honest answer. More...

Reviewed on Google Maps

4 June 2018

I have worked with Alcova Mortgage for the past 7 years and they have always delivered! The customer service is exceptional and they take great care of their borrowers. Many of my clients have gone back to them for repeat purchases and refinances, due to the great care they take with each individual. I have no issues recommended Alcova Mortgage to anyone who is looking for a loan or to refinance a loan. More...

Reviewed on Google Maps

4 June 2018

David, Candy, and Jayanie were phenomenal to work with. They helped put together a great package to make my new home affordable. They were terrific at communicating – responses were quick, informative, and thorough. I felt I was treated with honesty and integrity. I never wondered where I was in the process, and everything seemed to move along smoothly and efficiently. I highly recommend Alcova. More...

Reviewed on Google Maps

4 June 2018

Professional, very responsive (regardless of issue), we refer everyone to Kerry Hamilton at Alcova! Five Stars easy!

Reviewed on Google Maps

4 June 2018

David and his team are very easy to work with, responsive, and made a complicated process go smoothly. You will be in great hands with Alcova.

Reviewed on Google Maps

12 April 2018

ALCOVA was great to work with. We needed to close quickly in order to be competitive in a hot market and their team made it happen. Not only did we close on time, but we got a loan that worked for our financial situation. They were very responsive and took the time to explain everything throughout the loan process. Thank you! More...

Reviewed on Google Maps

4 June 2017

Dan and Monica at Alcova provided my wife and I with incredible service when helping us with our home purchase. Of course they helped us filter through numerous mortgage and HELOC options to find one that gave us a very low interest payment. But what impressed me the most was their customer service. Both Dan and Monica were willing to basically hold my hand thorough the entire process, happily and promptly responding to every question I had no matter how basic it may have been.Paperwork, always a total pain with mortgages, was remarkably pain free with Alcova. They pre-filled out as much as possible and I was able to sign pretty much everything electronically. I had been dreading this part based on my experience with our last mortgage, but it was honestly a breeze.I don't think you'll find anyone better than Alcova. They're awesome. I hope I never have to move again, but I'll definitely be using them if I do. More...

Reviewed on Google Maps

4 June 2016

"THANKS TO DAN AND JAYANIE AT ALCOVA MORTGAGE"Recently we finished closing a mortgage refinance loan with Alcova Mortgage and we just want to express our sincere gratitude to a job well done. The loan process went so smooth and very fast. Dan Maggin and Jayanie Basnayake did an excellent job in handling our loan process. They were there when we need them and when we had any questions. Dan and Jayanie went above and beyond to really make us feel comfortable. I will recommend them to anyone of my friends who want to do a refinance or mortgage. Thank you! And keep up the good work guys. *** Baba Dilano *** More...

Reviewed on Google Maps

Q&As

Being creative with financing and being able to navigate and work with local CPAs and Financial Planners to understand the ever-changing mortgage Tax Code and tax liability.

At 1RATE, we are client-first by being employee-first. We never forget that we are serving individuals and families who live in our local communities. Understanding that everyone is in a unique financial situation, we make a concerted effort to help our friends, family, and community identify mortgage options that best fit their situation. Through transparency, price, technology, and service, we aim to be your dedicated mortgage advisor.

We also believe that the mortgage industry has been using an antiquated method and technology for a very long time. 1RATE was founded with the goal to disrupt the industry with technology and analytics in order to help borrowers find the 1 loan with the 1 rate that fits their needs. We are small by design, as a result, we're able to work with greater agility while remaining fully focused on what's most important – people.

Our Clients are not just 15, 20, and 30 year Fix loan product, We understand how important to save interest fee payments. So we offer any loan years you choose from 11 years all the way up to 29-year Fixed loan instead of regular 30 years loans. Ask Us !!

At 1Rate, Inc, Our mortgage and loan process is built around a streamlined automated online process, that takes away the stress of applying for a mortgage sending documents for the loan approval process. Check us out and see how easy it is to apply. Please see what other clients who worked with us say about 1Rate.

All client interaction is remote and all done online. There is little to no contact or meeting with our agents and we send closer to your home or work to close so that you are not inconvenienced and waste travel time close your loan.

Services

Mortagage purchase, Refinance, Investment, 1031 exchange, Multi-units financing, Private Commercial loan.