Spectra Credit Union
Mortgage Loan Application
Totals and Details
for 2017
Find mortgage loan statistics, lending data, and loan application totals for Virginia.
The mortgage statistics and data below are specific to mortgage loan applications for Spectra Credit Union.
Search for mortgage lenders by state, county, or metropolitan area
and explore the loan application details and stats broken down by several loan categories from 2003-2022.
| Mortgage Company & Address | Spectra Credit Union 5440 Cherokee Ave Suite 200 Alexandria, VA 22312 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 366 |
| Total Mortgage Loan Application Amount | $78,219,000 |
| Average Mortgage Loan Application Amount | $202,333 |
| Highest Mortgage Loan Application Amount | $1,200,000 |
| Average Applicant Income | $132,000 |
| Highest Applicant Income | $500,000 |
Overall mortgage application loan totals and averages for this lender are provided for each year by county, metro area, and the entire US.
The loan data is broken down by loan purpose, loan type, applicant race, application outcome, and denial reason. With this information, you can get a detailed view of locations
where the mortgage lender is actively processing applications as well as the types and outcomes of loans from these applications.
As you search for mortgage loan stats and lending data in VA, the totals and averages will help you understand where the lender does business as well as the volume of business they do.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Charles County Maryland | 52 | $ 7,551,000 | $ 145,000 | $ 120,000 |
| Prince George's County Maryland | 48 | $ 8,108,000 | $ 168,000 | $ 121,000 |
| Fairfax County Virginia | 33 | $ 8,112,000 | $ 245,000 | $ 182,000 |
| District of Columbia County District Of Columbia | 15 | $ 4,469,000 | $ 297,000 | $ 155,000 |
| Calvert County Maryland | 12 | $ 3,060,000 | $ 255,000 | $ 135,000 |
| Montgomery County Maryland | 11 | $ 2,358,000 | $ 214,000 | $ 182,000 |
| Anne Arundel County Maryland | 9 | $ 2,316,000 | $ 257,000 | $ 118,000 |
| Prince William County Virginia | 9 | $ 1,434,000 | $ 159,000 | $ 104,000 |
| Alexandria County Virginia | 6 | $ 1,040,000 | $ 173,000 | $ 180,000 |
| Loudoun County Virginia | 6 | $ 955,000 | $ 159,000 | $ 170,000 |
| Stafford County Virginia | 5 | $ 884,000 | $ 176,000 | $ 129,000 |
| Baltimore City County Maryland | 4 | $ 264,000 | $ 66,000 | $ 86,000 |
| St. Mary's County Maryland | 4 | $ 697,000 | $ 174,000 | $ 163,000 |
| Howard County Maryland | 3 | $ 645,000 | $ 215,000 | $ 134,000 |
| Fairfax City County Virginia | 3 | $ 1,050,000 | $ 350,000 | $ 188,000 |
| Baltimore County Maryland | 2 | $ 435,000 | $ 217,000 | $ 133,000 |
| Frederick County Maryland | 2 | $ 287,000 | $ 143,000 | $ 151,000 |
| Queen Anne's County Maryland | 2 | $ 450,000 | $ 225,000 | $ 229,000 |
| Middlesex County Massachusetts | 2 | $ 220,000 | $ 110,000 | $ 252,000 |
| Albemarle County Virginia | 2 | $ 287,000 | $ 143,000 | $ 118,000 |
| Arlington County Virginia | 2 | $ 240,000 | $ 120,000 | $ 179,000 |
| Louisa County Virginia | 2 | $ 429,000 | $ 214,000 | $ 74,000 |
| Warren County Virginia | 2 | $ 403,000 | $ 201,000 | $ 108,000 |
| Jefferson County West Virginia | 2 | $ 284,000 | $ 142,000 | $ 142,000 |
| Maricopa County Arizona | 1 | $ 210,000 | $ 210,000 | $ 73,000 |
| Pima County Arizona | 1 | $ 184,000 | $ 184,000 | $ 120,000 |
| Siskiyou County California | 1 | $ 125,000 | $ 125,000 | $ 71,000 |
| Jefferson County Colorado | 1 | $ 572,000 | $ 572,000 | $ 186,000 |
| New Castle County Delaware | 1 | $ 256,000 | $ 256,000 | $ 79,000 |
| Sussex County Delaware | 1 | $ 10,000 | $ 10,000 | $ 79,000 |
| Bay County Florida | 1 | $ 286,000 | $ 286,000 | $ 96,000 |
| Brevard County Florida | 1 | $ 90,000 | $ 90,000 | $ 115,000 |
| Marion County Florida | 1 | $ 148,000 | $ 148,000 | $ 49,000 |
| Orange County Florida | 1 | $ 295,000 | $ 295,000 | $ 93,000 |
| Polk County Florida | 1 | $ 7,000 | $ 7,000 | $ 61,000 |
| Sumter County Florida | 1 | $ 70,000 | $ 70,000 | $ 166,000 |
| DeKalb County Georgia | 1 | $ 621,000 | $ 621,000 | $ 107,000 |
| Hart County Georgia | 1 | $ 330,000 | $ 330,000 | $ 284,000 |
| Tippecanoe County Indiana | 1 | $ 100,000 | $ 100,000 | $ 156,000 |
| Scott County Iowa | 1 | $ 250,000 | $ 250,000 | $ 330,000 |
| Calcasieu County Louisiana | 1 | $ 240,000 | $ 240,000 | $ 79,000 |
| Carroll County Maryland | 1 | $ 15,000 | $ 15,000 | $ 72,000 |
| Dorchester County Maryland | 1 | $ 242,000 | $ 242,000 | $ 178,000 |
| Talbot County Maryland | 1 | $ 146,000 | $ 146,000 | $ 26,000 |
| Washington County Maryland | 1 | $ 400,000 | $ 400,000 | $ 114,000 |
| Washoe County Nevada | 1 | $ 241,000 | $ 241,000 | $ 105,000 |
| Santa Fe County New Mexico | 1 | $ 25,000 | $ 25,000 | $ 194,000 |
| Nassau County New York | 1 | $ 515,000 | $ 515,000 | $ 317,000 |
| Brunswick County North Carolina | 1 | $ 150,000 | $ 150,000 | $ 47,000 |
| Buncombe County North Carolina | 1 | $ 276,000 | $ 276,000 | $ 301,000 |
| Durham County North Carolina | 1 | $ 65,000 | $ 65,000 | $ 105,000 |
| Henderson County North Carolina | 1 | $ 308,000 | $ 308,000 | $ 80,000 |
| Mecklenburg County North Carolina | 1 | $ 33,000 | $ 33,000 | $ 117,000 |
| Warren County North Carolina | 1 | $ 225,000 | $ 225,000 | $ 100,000 |
| Hamilton County Ohio | 1 | $ 20,000 | $ 20,000 | $ 269,000 |
| Wood County Ohio | 1 | $ 120,000 | $ 120,000 | $ 300,000 |
| Columbia County Oregon | 1 | $ 191,000 | $ 191,000 | $ 65,000 |
| Lane County Oregon | 1 | $ 193,000 | $ 193,000 | $ 47,000 |
| Adams County Pennsylvania | 1 | $ 25,000 | $ 25,000 | $ 73,000 |
| Dauphin County Pennsylvania | 1 | $ 126,000 | $ 126,000 | $ 51,000 |
| Delaware County Pennsylvania | 1 | $ 320,000 | $ 320,000 | $ 167,000 |
| Shelby County Tennessee | 1 | $ 415,000 | $ 415,000 | $ 190,000 |
| Sullivan County Tennessee | 1 | $ 140,000 | $ 140,000 | $ 143,000 |
| Floyd County Virginia | 1 | $ 376,000 | $ 376,000 | $ 277,000 |
| Fredericksburg County Virginia | 1 | $ 20,000 | $ 20,000 | $ 155,000 |
| Greene County Virginia | 1 | $ 114,000 | $ 114,000 | $ 112,000 |
| Hanover County Virginia | 1 | $ 240,000 | $ 240,000 | $ 71,000 |
| Henrico County Virginia | 1 | $ 50,000 | $ 50,000 | $ 102,000 |
| King George County Virginia | 1 | $ 290,000 | $ 290,000 | $ 319,000 |
| Manassas County Virginia | 1 | $ 30,000 | $ 30,000 | $ 72,000 |
| Montgomery County Virginia | 1 | $ 135,000 | $ 135,000 | $ 125,000 |
| Newport News County Virginia | 1 | $ 237,000 | $ 237,000 | $ 115,000 |
| Page County Virginia | 1 | $ 105,000 | $ 105,000 | $ 409,000 |
| Richmond City County Virginia | 1 | $ 164,000 | $ 164,000 | $ 54,000 |
| Rockingham County Virginia | 1 | $ 10,000 | $ 10,000 | $ 170,000 |
| Berkeley County West Virginia | 1 | $ 146,000 | $ 146,000 | $ 94,000 |
| Tucker County West Virginia | 1 | $ 58,000 | $ 58,000 | $ 134,000 |
| Brown County Wisconsin | 1 | $ 120,000 | $ 120,000 | $ 326,000 |
The mortgage data stats below are displayed in sortable categories such as loan purpose, race of mortgage applicant, loan type, the outcome of the application, and reason for denial.
Each category breaks down the total number of mortgage applications, the total dollar amount for those applications, the average mortgage amount, the highest mortgage loan applied for within that category,
the average income of the mortgage applicants, and the highest income of the mortgage applicants.
You can also download the entire list of mortgage lenders along with their aggregated lending data for the state of Virginia,
and search the same numbers and information back through 2003.
Mortgage Loan Application Detail Totals for Spectra Credit Union in 2017
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Refinancing | 175 | $31,698,000 | $181,000 | $1,200,000 | $147,000 | $460,000 |
| Home Purchase | 139 | $38,862,000 | $279,000 | $720,000 | $122,000 | $500,000 |
| Home Improvement | 52 | $7,659,000 | $147,000 | $600,000 | $127,000 | $300,000 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 171 | $38,090,000 | $222,000 | $720,000 | $133,000 | $445,000 |
| Not Provided | 88 | $18,060,000 | $205,000 | $1,200,000 | $158,000 | $500,000 |
| Black or African American | 68 | $13,464,000 | $198,000 | $600,000 | $110,000 | $284,000 |
| Asian | 21 | $5,904,000 | $281,000 | $1,000,000 | $152,000 | $460,000 |
| Hispanic | 13 | $1,714,000 | $131,000 | $350,000 | $115,000 | $259,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $548,000 | $182,000 | $237,000 | $85,000 | $115,000 |
| American Indian or Alaskan Native | 2 | $439,000 | $219,000 | $400,000 | $130,000 | $146,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 366 | $78,219,000 | $213,000 | $1,200,000 | $135,000 | $500,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 172 | $31,369,000 | $182,000 | $1,000,000 | $143,000 | $460,000 |
| Application Denied By Financial Institution | 65 | $12,657,000 | $194,000 | $1,200,000 | $120,000 | $500,000 |
| Preapproval Approved but not Accepted | 59 | $19,065,000 | $323,000 | $720,000 | $117,000 | $245,000 |
| Application Withdrawn By Applicant | 53 | $11,051,000 | $208,000 | $701,000 | $151,000 | $432,000 |
| Preapproval Denied by Financial Institution | 15 | $3,096,000 | $206,000 | $400,000 | $78,000 | $153,000 |
| File Closed For Incompleteness | 2 | $981,000 | $490,000 | $491,000 | $328,000 | $445,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 30 | $5,301,000 | $176,000 | $515,000 | $87,000 | $317,000 |
| Credit History | 21 | $3,477,000 | $165,000 | $400,000 | $121,000 | $269,000 |
| Collateral | 10 | $2,646,000 | $264,000 | $1,200,000 | $131,000 | $252,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $656,000 | $164,000 | $223,000 | $67,000 | $82,000 |
| Other | 4 | $1,112,000 | $278,000 | $573,000 | $160,000 | $275,000 |
| Credit Application Incomplete | 1 | $10,000 | $10,000 | $10,000 | $170,000 | $170,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
These totals and details for mortgage applications will give you a better idea of what to expect when researching mortgage lenders. Whether you are looking for a home loan, for home refinancing, or for home improvement loan statistics, we have the information you need. This mortgage loan data gives you everything you need to know as you start your search for the best lenders in VA, and gives you an idea of what the best mortgage lenders really are.
If you prefer, you can download a copy of the entire list of mortgage lenders in Virginia, and search similar information at your convenience.