Spectra Credit Union
Mortgage Loan Application
Totals and Details
for 2020
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 | 398 |
| Total Mortgage Loan Application Amount | $107,620,000 |
| Average Mortgage Loan Application Amount | $231,000 |
| Highest Mortgage Loan Application Amount | $1,005,000 |
| Average Applicant Income | $153,500 |
| Highest Applicant Income | $561,000 |
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 | 53 | $ 12,045,000 | $ 227,000 | $ 121,000 |
| Fairfax County Virginia | 42 | $ 14,550,000 | $ 346,000 | $ 172,000 |
| Prince George's County Maryland | 38 | $ 8,490,000 | $ 223,000 | $ 134,000 |
| District of Columbia County District Of Columbia | 19 | $ 6,125,000 | $ 322,000 | $ 180,000 |
| Calvert County Maryland | 15 | $ 3,895,000 | $ 259,000 | $ 126,000 |
| Montgomery County Maryland | 15 | $ 4,675,000 | $ 311,000 | $ 188,000 |
| Anne Arundel County Maryland | 14 | $ 3,860,000 | $ 275,000 | $ 157,000 |
| St. Mary's County Maryland | 12 | $ 2,920,000 | $ 243,000 | $ 164,000 |
| Prince William County Virginia | 8 | $ 1,670,000 | $ 208,000 | $ 119,000 |
| Loudoun County Virginia | 7 | $ 2,125,000 | $ 303,000 | $ 187,000 |
| Baltimore County Maryland | 6 | $ 1,540,000 | $ 256,000 | $ 186,000 |
| Howard County Maryland | 5 | $ 1,815,000 | $ 363,000 | $ 225,000 |
| Arlington County Virginia | 5 | $ 1,665,000 | $ 333,000 | $ 132,000 |
| Stafford County Virginia | 5 | $ 1,405,000 | $ 281,000 | $ 139,000 |
| Sussex County Delaware | 4 | $ 790,000 | $ 197,000 | $ 248,000 |
| Alexandria County Virginia | 4 | $ 1,560,000 | $ 390,000 | $ 145,000 |
| Kent County Delaware | 3 | $ 1,035,000 | $ 345,000 | $ 203,000 |
| Hillsborough County Florida | 3 | $ 505,000 | $ 168,000 | $ 133,000 |
| DeKalb County Georgia | 3 | $ 995,000 | $ 331,000 | $ 218,000 |
| Frederick County Maryland | 3 | $ 895,000 | $ 298,000 | $ 144,000 |
| Buncombe County North Carolina | 3 | $ 635,000 | $ 211,000 | $ 138,000 |
| Mecklenburg County North Carolina | 3 | $ 475,000 | $ 158,000 | $ 117,000 |
| Maricopa County Arizona | 2 | $ 580,000 | $ 290,000 | $ 73,000 |
| Cook County Illinois | 2 | $ 160,000 | $ 80,000 | $ 85,000 |
| Waldo County Maine | 2 | $ 290,000 | $ 145,000 | $ 233,000 |
| Queen Anne's County Maryland | 2 | $ 700,000 | $ 350,000 | $ 153,000 |
| Worcester County Maryland | 2 | $ 510,000 | $ 255,000 | $ 91,000 |
| Wake County North Carolina | 2 | $ 600,000 | $ 300,000 | $ 280,000 |
| Fauquier County Virginia | 2 | $ 520,000 | $ 260,000 | $ 123,000 |
| Henrico County Virginia | 2 | $ 730,000 | $ 365,000 | $ 267,000 |
| Montgomery County Virginia | 2 | $ 620,000 | $ 310,000 | $ 141,000 |
| Page County Virginia | 2 | $ 170,000 | $ 85,000 | $ 170,000 |
| Spotsylvania County Virginia | 2 | $ 370,000 | $ 185,000 | $ 122,000 |
| Warren County Virginia | 2 | $ 180,000 | $ 90,000 | $ 54,000 |
| King County Washington | 2 | $ 660,000 | $ 330,000 | $ 344,000 |
| Coconino County Arizona | 1 | $ 235,000 | $ 235,000 | $ 135,000 |
| Pima County Arizona | 1 | $ 175,000 | $ 175,000 | $ 67,000 |
| Boulder County Colorado | 1 | $ 485,000 | $ 485,000 | $ 72,000 |
| Douglas County Colorado | 1 | $ 385,000 | $ 385,000 | $ 105,000 |
| Grand County Colorado | 1 | $ 125,000 | $ 125,000 | $ 230,000 |
| Jefferson County Colorado | 1 | $ 555,000 | $ 555,000 | $ 230,000 |
| Fairfield County Connecticut | 1 | $ 445,000 | $ 445,000 | $ 401,000 |
| Litchfield County Connecticut | 1 | $ 195,000 | $ 195,000 | $ 66,000 |
| New Castle County Delaware | 1 | $ 245,000 | $ 245,000 | $ 92,000 |
| Duval County Florida | 1 | $ 515,000 | $ 515,000 | $ 131,000 |
| Indian River County Florida | 1 | $ 455,000 | $ 455,000 | $ 225,000 |
| Lee County Florida | 1 | $ 165,000 | $ 165,000 | $ 74,000 |
| Pinellas County Florida | 1 | $ 905,000 | $ 905,000 | $ 479,000 |
| Polk County Florida | 1 | $ 275,000 | $ 275,000 | $ 88,000 |
| Sarasota County Florida | 1 | $ 345,000 | $ 345,000 | $ 0 |
| St. Lucie County Florida | 1 | $ 135,000 | $ 135,000 | $ 68,000 |
| Carroll County Georgia | 1 | $ 595,000 | $ 595,000 | $ 0 |
| DuPage County Illinois | 1 | $ 85,000 | $ 85,000 | $ 265,000 |
| Hendricks County Indiana | 1 | $ 225,000 | $ 225,000 | $ 106,000 |
| Fayette County Kentucky | 1 | $ 225,000 | $ 225,000 | $ 0 |
| York County Maine | 1 | $ 155,000 | $ 155,000 | $ 96,000 |
| Carroll County Maryland | 1 | $ 325,000 | $ 325,000 | $ 263,000 |
| Garrett County Maryland | 1 | $ 475,000 | $ 475,000 | $ 545,000 |
| Talbot County Maryland | 1 | $ 165,000 | $ 165,000 | $ 78,000 |
| Barnstable County Massachusetts | 1 | $ 105,000 | $ 105,000 | $ 181,000 |
| Middlesex County Massachusetts | 1 | $ 175,000 | $ 175,000 | $ 208,000 |
| Norfolk County Massachusetts | 1 | $ 425,000 | $ 425,000 | $ 0 |
| Emmet County Michigan | 1 | $ 335,000 | $ 335,000 | $ 498,000 |
| DeKalb County Missouri | 1 | $ 245,000 | $ 245,000 | $ 146,000 |
| St. Louis City County Missouri | 1 | $ 305,000 | $ 305,000 | $ 90,000 |
| Middlesex County New Jersey | 1 | $ 365,000 | $ 365,000 | $ 158,000 |
| San Juan County New Mexico | 1 | $ 65,000 | $ 65,000 | $ 261,000 |
| Santa Fe County New Mexico | 1 | $ 615,000 | $ 615,000 | $ 240,000 |
| Brunswick County North Carolina | 1 | $ 45,000 | $ 45,000 | $ 94,000 |
| Camden County North Carolina | 1 | $ 205,000 | $ 205,000 | $ 0 |
| Catawba County North Carolina | 1 | $ 715,000 | $ 715,000 | $ 265,000 |
| Harnett County North Carolina | 1 | $ 145,000 | $ 145,000 | $ 42,000 |
| Johnston County North Carolina | 1 | $ 175,000 | $ 175,000 | $ 45,000 |
| Nash County North Carolina | 1 | $ 355,000 | $ 355,000 | $ 94,000 |
| Orange County North Carolina | 1 | $ 715,000 | $ 715,000 | $ 0 |
| Pender County North Carolina | 1 | $ 235,000 | $ 235,000 | $ 92,000 |
| Randolph County North Carolina | 1 | $ 375,000 | $ 375,000 | $ 0 |
| Linn County Oregon | 1 | $ 245,000 | $ 245,000 | $ 141,000 |
| Adams County Pennsylvania | 1 | $ 145,000 | $ 145,000 | $ 123,000 |
| Allegheny County Pennsylvania | 1 | $ 125,000 | $ 125,000 | $ 120,000 |
| Chester County Pennsylvania | 1 | $ 195,000 | $ 195,000 | $ 288,000 |
| Cumberland County Pennsylvania | 1 | $ 135,000 | $ 135,000 | $ 239,000 |
| Delaware County Pennsylvania | 1 | $ 1,005,000 | $ 1,005,000 | $ 0 |
| Lehigh County Pennsylvania | 1 | $ 505,000 | $ 505,000 | $ 271,000 |
| Montgomery County Pennsylvania | 1 | $ 1,005,000 | $ 1,005,000 | $ 561,000 |
| Philadelphia County Pennsylvania | 1 | $ 185,000 | $ 185,000 | $ 133,000 |
| York County Pennsylvania | 1 | $ 165,000 | $ 165,000 | $ 88,000 |
| Dorchester County South Carolina | 1 | $ 145,000 | $ 145,000 | $ 55,000 |
| Georgetown County South Carolina | 1 | $ 65,000 | $ 65,000 | $ 94,000 |
| Marion County South Carolina | 1 | $ 125,000 | $ 125,000 | $ 363,000 |
| Shelby County Tennessee | 1 | $ 385,000 | $ 385,000 | $ 201,000 |
| Salt Lake County Utah | 1 | $ 275,000 | $ 275,000 | $ 125,000 |
| Caledonia County Vermont | 1 | $ 45,000 | $ 45,000 | $ 235,000 |
| Campbell County Virginia | 1 | $ 135,000 | $ 135,000 | $ 238,000 |
| Clarke County Virginia | 1 | $ 65,000 | $ 65,000 | $ 153,000 |
| Fairfax City County Virginia | 1 | $ 585,000 | $ 585,000 | $ 115,000 |
| Frederick County Virginia | 1 | $ 215,000 | $ 215,000 | $ 146,000 |
| Greene County Virginia | 1 | $ 365,000 | $ 365,000 | $ 291,000 |
| James City County Virginia | 1 | $ 435,000 | $ 435,000 | $ 140,000 |
| King George County Virginia | 1 | $ 165,000 | $ 165,000 | $ 75,000 |
| Lynchburg County Virginia | 1 | $ 125,000 | $ 125,000 | $ 69,000 |
| Manassas County Virginia | 1 | $ 35,000 | $ 35,000 | $ 145,000 |
| Newport News County Virginia | 1 | $ 225,000 | $ 225,000 | $ 0 |
| Orange County Virginia | 1 | $ 345,000 | $ 345,000 | $ 116,000 |
| Rappahannock County Virginia | 1 | $ 185,000 | $ 185,000 | $ 166,000 |
| Salem County Virginia | 1 | $ 285,000 | $ 285,000 | $ 113,000 |
| Shenandoah County Virginia | 1 | $ 85,000 | $ 85,000 | $ 415,000 |
| Virginia Beach County Virginia | 1 | $ 75,000 | $ 75,000 | $ 33,000 |
| Jefferson County West Virginia | 1 | $ 155,000 | $ 155,000 | $ 75,000 |
| Tucker County West Virginia | 1 | $ 185,000 | $ 185,000 | $ 237,000 |
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 2020
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 | 164 | $49,720,000 | $303,000 | $1,005,000 | $158,000 | $545,000 |
| Cash-out Refinancing | 119 | $34,445,000 | $289,000 | $1,005,000 | $151,000 | $561,000 |
| Home Purchase | 80 | $20,980,000 | $262,000 | $905,000 | $144,000 | $479,000 |
| Other Purpose | 35 | $2,475,000 | $70,000 | $155,000 | $161,000 | $415,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Home Improvement | 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 | 217 | $62,315,000 | $287,000 | $1,005,000 | $167,000 | $561,000 |
| Black or African American | 74 | $16,510,000 | $223,000 | $565,000 | $116,000 | $339,000 |
| Not Provided | 62 | $16,980,000 | $273,000 | $915,000 | $167,000 | $479,000 |
| Asian | 22 | $5,830,000 | $265,000 | $465,000 | $149,000 | $498,000 |
| Hispanic | 9 | $2,445,000 | $271,000 | $495,000 | $123,000 | $237,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $995,000 | $331,000 | $395,000 | $91,000 | $113,000 |
| American Indian or Alaskan Native | 3 | $975,000 | $325,000 | $375,000 | $101,000 | $115,000 |
| 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) | 398 | $107,620,000 | $270,000 | $1,005,000 | $153,000 | $561,000 |
| 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 | 358 | $98,890,000 | $276,000 | $1,005,000 | $160,000 | $561,000 |
| Application Denied By Financial Institution | 24 | $4,130,000 | $172,000 | $415,000 | $90,000 | $305,000 |
| Application Withdrawn By Applicant | 8 | $2,690,000 | $336,000 | $695,000 | $160,000 | $263,000 |
| Preapproval Denied by Financial Institution | 7 | $1,735,000 | $247,000 | $485,000 | $65,000 | $102,000 |
| Preapproval Approved but not Accepted | 1 | $175,000 | $175,000 | $175,000 | $89,000 | $89,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 367 | $101,755,000 | $277,000 | $1,005,000 | $160,000 | $561,000 |
| Credit History | 14 | $2,610,000 | $186,000 | $415,000 | $68,000 | $175,000 |
| Debt-To-Income Ratio | 6 | $1,650,000 | $275,000 | $485,000 | $68,000 | $102,000 |
| Collateral | 5 | $955,000 | $191,000 | $325,000 | $88,000 | $145,000 |
| Other | 3 | $295,000 | $98,000 | $175,000 | $212,000 | $305,000 |
| Employment History | 2 | $160,000 | $80,000 | $155,000 | $60,000 | $121,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $195,000 | $195,000 | $195,000 | $65,000 | $65,000 |
| 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 |
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.