Spectra Credit Union
Mortgage Loan Application
Totals and Details
for 2019
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 | 361 |
| Total Mortgage Loan Application Amount | $74,795,000 |
| Average Mortgage Loan Application Amount | $196,250 |
| Highest Mortgage Loan Application Amount | $835,000 |
| Average Applicant Income | $139,750 |
| Highest Applicant Income | $1,512,000 |
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 |
|---|---|---|---|---|
| Prince George's County Maryland | 50 | $ 7,680,000 | $ 153,000 | $ 126,000 |
| Charles County Maryland | 49 | $ 8,645,000 | $ 176,000 | $ 130,000 |
| Fairfax County Virginia | 36 | $ 8,410,000 | $ 233,000 | $ 138,000 |
| Calvert County Maryland | 12 | $ 2,040,000 | $ 170,000 | $ 120,000 |
| Anne Arundel County Maryland | 9 | $ 2,175,000 | $ 241,000 | $ 175,000 |
| Montgomery County Maryland | 9 | $ 1,505,000 | $ 167,000 | $ 169,000 |
| District of Columbia County District Of Columbia | 8 | $ 1,890,000 | $ 236,000 | $ 128,000 |
| St. Mary's County Maryland | 8 | $ 1,390,000 | $ 173,000 | $ 142,000 |
| Loudoun County Virginia | 5 | $ 1,885,000 | $ 377,000 | $ 160,000 |
| Prince William County Virginia | 4 | $ 530,000 | $ 132,000 | $ 124,000 |
| Maricopa County Arizona | 3 | $ 675,000 | $ 225,000 | $ 96,000 |
| Howard County Maryland | 3 | $ 645,000 | $ 215,000 | $ 162,000 |
| Brunswick County North Carolina | 3 | $ 355,000 | $ 118,000 | $ 102,000 |
| Wake County North Carolina | 3 | $ 805,000 | $ 268,000 | $ 125,000 |
| Arlington County Virginia | 3 | $ 575,000 | $ 191,000 | $ 200,000 |
| Escambia County Florida | 2 | $ 170,000 | $ 85,000 | $ 135,000 |
| Hillsborough County Florida | 2 | $ 390,000 | $ 195,000 | $ 147,000 |
| Hamilton County Indiana | 2 | $ 410,000 | $ 205,000 | $ 100,000 |
| East Baton Rouge County Louisiana | 2 | $ 400,000 | $ 200,000 | $ 47,000 |
| Baltimore County Maryland | 2 | $ 370,000 | $ 185,000 | $ 186,000 |
| Frederick County Maryland | 2 | $ 140,000 | $ 70,000 | $ 155,000 |
| Rockingham County New Hampshire | 2 | $ 560,000 | $ 280,000 | $ 106,000 |
| Franklin County Pennsylvania | 2 | $ 190,000 | $ 95,000 | $ 209,000 |
| Alexandria County Virginia | 2 | $ 50,000 | $ 25,000 | $ 113,000 |
| Fauquier County Virginia | 2 | $ 270,000 | $ 135,000 | $ 94,000 |
| Richmond City County Virginia | 2 | $ 390,000 | $ 195,000 | $ 166,000 |
| Stafford County Virginia | 2 | $ 190,000 | $ 95,000 | $ 145,000 |
| Westmoreland County Virginia | 2 | $ 160,000 | $ 80,000 | $ 76,000 |
| Pima County Arizona | 1 | $ 35,000 | $ 35,000 | $ 113,000 |
| Elbert County Colorado | 1 | $ 525,000 | $ 525,000 | $ 191,000 |
| Jefferson County Colorado | 1 | $ 385,000 | $ 385,000 | $ 161,000 |
| Fairfield County Connecticut | 1 | $ 265,000 | $ 265,000 | $ 110,000 |
| Kent County Delaware | 1 | $ 35,000 | $ 35,000 | $ 163,000 |
| New Castle County Delaware | 1 | $ 345,000 | $ 345,000 | $ 239,000 |
| Sussex County Delaware | 1 | $ 735,000 | $ 735,000 | $ 156,000 |
| Duval County Florida | 1 | $ 35,000 | $ 35,000 | $ 92,000 |
| Orange County Florida | 1 | $ 75,000 | $ 75,000 | $ 72,000 |
| Palm Beach County Florida | 1 | $ 405,000 | $ 405,000 | $ 82,000 |
| Sarasota County Florida | 1 | $ 375,000 | $ 375,000 | $ 65,000 |
| Chatham County Georgia | 1 | $ 155,000 | $ 155,000 | $ 94,000 |
| Fulton County Georgia | 1 | $ 105,000 | $ 105,000 | $ 83,000 |
| Oglethorpe County Georgia | 1 | $ 155,000 | $ 155,000 | $ 146,000 |
| Lake County Indiana | 1 | $ 15,000 | $ 15,000 | $ 97,000 |
| Warren County Kentucky | 1 | $ 35,000 | $ 35,000 | $ 65,000 |
| Lafayette County Louisiana | 1 | $ 225,000 | $ 225,000 | $ 136,000 |
| Carroll County Maryland | 1 | $ 85,000 | $ 85,000 | $ 258,000 |
| Washington County Maryland | 1 | $ 45,000 | $ 45,000 | $ 198,000 |
| Emmet County Michigan | 1 | $ 605,000 | $ 605,000 | $ 358,000 |
| Clark County Nevada | 1 | $ 305,000 | $ 305,000 | $ 96,000 |
| Bergen County New Jersey | 1 | $ 275,000 | $ 275,000 | $ 139,000 |
| Middlesex County New Jersey | 1 | $ 55,000 | $ 55,000 | $ 158,000 |
| Monmouth County New Jersey | 1 | $ 335,000 | $ 335,000 | $ 330,000 |
| Sandoval County New Mexico | 1 | $ 185,000 | $ 185,000 | $ 115,000 |
| Allegany County New York | 1 | $ 25,000 | $ 25,000 | $ 88,000 |
| Chatham County North Carolina | 1 | $ 355,000 | $ 355,000 | $ 125,000 |
| Guilford County North Carolina | 1 | $ 115,000 | $ 115,000 | $ 158,000 |
| Mecklenburg County North Carolina | 1 | $ 55,000 | $ 55,000 | $ 124,000 |
| Pitt County North Carolina | 1 | $ 75,000 | $ 75,000 | $ 150,000 |
| Union County North Carolina | 1 | $ 75,000 | $ 75,000 | $ 225,000 |
| Allen County Ohio | 1 | $ 125,000 | $ 125,000 | $ 217,000 |
| Columbiana County Ohio | 1 | $ 245,000 | $ 245,000 | $ 107,000 |
| Warren County Ohio | 1 | $ 45,000 | $ 45,000 | $ 215,000 |
| Snyder County Pennsylvania | 1 | $ 35,000 | $ 35,000 | $ 44,000 |
| Horry County South Carolina | 1 | $ 225,000 | $ 225,000 | $ 337,000 |
| Knox County Tennessee | 1 | $ 395,000 | $ 395,000 | $ 165,000 |
| Weber County Utah | 1 | $ 405,000 | $ 405,000 | $ 250,000 |
| King George County Virginia | 1 | $ 135,000 | $ 135,000 | $ 93,000 |
| Norfolk County Virginia | 1 | $ 165,000 | $ 165,000 | $ 58,000 |
| Orange County Virginia | 1 | $ 45,000 | $ 45,000 | $ 99,000 |
| Spotsylvania County Virginia | 1 | $ 45,000 | $ 45,000 | $ 137,000 |
| Warren County Virginia | 1 | $ 215,000 | $ 215,000 | $ 65,000 |
| Benton County Washington | 1 | $ 205,000 | $ 205,000 | $ 128,000 |
| Berkeley County West Virginia | 1 | $ 45,000 | $ 45,000 | $ 98,000 |
| Jefferson County West Virginia | 1 | $ 135,000 | $ 135,000 | $ 89,000 |
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 2019
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 |
|---|---|---|---|---|---|---|
| Home Purchase | 119 | $31,885,000 | $267,000 | $745,000 | $125,000 | $349,000 |
| Cash-out Refinancing | 116 | $18,540,000 | $159,000 | $745,000 | $128,000 | $349,000 |
| Refinancing | 71 | $20,275,000 | $285,000 | $835,000 | $178,000 | $1,512,000 |
| Other Purpose | 55 | $4,095,000 | $74,000 | $445,000 | $128,000 | $282,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 152 | $29,430,000 | $193,000 | $835,000 | $138,000 | $1,512,000 |
| Not Provided | 95 | $22,545,000 | $237,000 | $745,000 | $141,000 | $358,000 |
| Black or African American | 78 | $14,330,000 | $183,000 | $755,000 | $136,000 | $708,000 |
| Hispanic | 18 | $3,910,000 | $217,000 | $565,000 | $104,000 | $250,000 |
| Asian | 12 | $3,510,000 | $292,000 | $605,000 | $139,000 | $279,000 |
| Not applicable | 2 | $190,000 | $95,000 | $115,000 | $105,000 | $105,000 |
| American Indian or Alaskan Native | 1 | $225,000 | $225,000 | $225,000 | $136,000 | $136,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $55,000 | $55,000 | $55,000 | $59,000 | $59,000 |
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) | 361 | $74,795,000 | $207,000 | $835,000 | $137,000 | $1,512,000 |
| 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 | 262 | $47,340,000 | $180,000 | $835,000 | $136,000 | $462,000 |
| Preapproval Approved but not Accepted | 39 | $11,835,000 | $303,000 | $745,000 | $116,000 | $291,000 |
| Application Denied By Financial Institution | 30 | $7,470,000 | $249,000 | $755,000 | $131,000 | $708,000 |
| Application Approved But Not Accepted | 18 | $5,180,000 | $287,000 | $745,000 | $140,000 | $349,000 |
| Application Withdrawn By Applicant | 9 | $2,095,000 | $232,000 | $605,000 | $283,000 | $1,512,000 |
| Preapproval Denied by Financial Institution | 3 | $875,000 | $291,000 | $325,000 | $62,000 | $89,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 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 |
|---|---|---|---|---|---|---|
| Not applicable | 328 | $66,450,000 | $202,000 | $835,000 | $138,000 | $1,512,000 |
| Credit History | 17 | $3,875,000 | $227,000 | $755,000 | $112,000 | $708,000 |
| Debt-To-Income Ratio | 10 | $3,060,000 | $306,000 | $565,000 | $96,000 | $125,000 |
| Collateral | 3 | $555,000 | $185,000 | $335,000 | $272,000 | $330,000 |
| Other | 2 | $500,000 | $250,000 | $305,000 | $185,000 | $231,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $355,000 | $355,000 | $355,000 | $45,000 | $45,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 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.