Spectra Credit Union
Mortgage Loan Application
Totals and Details
for 2023
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 2003-2023.
| 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 | 2023 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 | 379 |
| Total Mortgage Loan Application Amount | $64,825,000 |
| Average Mortgage Loan Application Amount | $190,200 |
| Highest Mortgage Loan Application Amount | $605,000 |
| Average Applicant Income | $198,400 |
| Highest Applicant Income | $1,664,000 |
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 | 38 | $ 5,150,000 | $ 135,000 | $ 132,000 |
| Fairfax County Virginia | 33 | $ 7,075,000 | $ 214,000 | $ 288,000 |
| Charles County Maryland | 30 | $ 3,940,000 | $ 131,000 | $ 124,000 |
| Prince William County Virginia | 24 | $ 4,540,000 | $ 189,000 | $ 226,000 |
| Loudoun County Virginia | 17 | $ 4,395,000 | $ 258,000 | $ 391,000 |
| Anne Arundel County Maryland | 14 | $ 2,190,000 | $ 156,000 | $ 200,000 |
| District of Columbia County District Of Columbia | 13 | $ 2,785,000 | $ 214,000 | $ 217,000 |
| Montgomery County Maryland | 13 | $ 2,405,000 | $ 185,000 | $ 226,000 |
| Howard County Maryland | 12 | $ 2,910,000 | $ 242,000 | $ 326,000 |
| Arlington County Virginia | 9 | $ 2,425,000 | $ 269,000 | $ 265,000 |
| Calvert County Maryland | 6 | $ 500,000 | $ 83,000 | $ 111,000 |
| Frederick County Maryland | 6 | $ 770,000 | $ 128,000 | $ 152,000 |
| Hamilton County Ohio | 6 | $ 670,000 | $ 111,000 | $ 178,000 |
| Alexandria County Virginia | 6 | $ 1,460,000 | $ 243,000 | $ 172,000 |
| Stafford County Virginia | 5 | $ 635,000 | $ 127,000 | $ 117,000 |
| Sussex County Delaware | 4 | $ 340,000 | $ 85,000 | $ 182,000 |
| St. Lucie County Florida | 4 | $ 470,000 | $ 117,000 | $ 132,000 |
| St. Mary's County Maryland | 4 | $ 650,000 | $ 162,000 | $ 111,000 |
| Worcester County Maryland | 4 | $ 340,000 | $ 85,000 | $ 144,000 |
| Baltimore County Maryland | 3 | $ 695,000 | $ 231,000 | $ 83,000 |
| Baltimore City County Maryland | 3 | $ 245,000 | $ 81,000 | $ 112,000 |
| Wake County North Carolina | 3 | $ 205,000 | $ 68,000 | $ 90,000 |
| Cuyahoga County Ohio | 3 | $ 175,000 | $ 58,000 | $ 137,000 |
| Allegheny County Pennsylvania | 3 | $ 495,000 | $ 165,000 | $ 69,000 |
| Charleston County South Carolina | 3 | $ 535,000 | $ 178,000 | $ 269,000 |
| Brevard County Florida | 2 | $ 570,000 | $ 285,000 | $ 196,000 |
| Broward County Florida | 2 | $ 810,000 | $ 405,000 | $ 505,000 |
| Lee County Florida | 2 | $ 1,120,000 | $ 560,000 | $ 522,000 |
| Polk County Florida | 2 | $ 410,000 | $ 205,000 | $ 125,000 |
| Sarasota County Florida | 2 | $ 210,000 | $ 105,000 | $ 69,000 |
| Fulton County Georgia | 2 | $ 410,000 | $ 205,000 | $ 135,000 |
| Wicomico County Maryland | 2 | $ 200,000 | $ 100,000 | $ 65,000 |
| Barnstable County Massachusetts | 2 | $ 510,000 | $ 255,000 | $ 487,000 |
| Mecklenburg County North Carolina | 2 | $ 140,000 | $ 70,000 | $ 110,000 |
| Union County North Carolina | 2 | $ 140,000 | $ 70,000 | $ 148,000 |
| Butler County Ohio | 2 | $ 50,000 | $ 25,000 | $ 80,000 |
| Warren County Ohio | 2 | $ 390,000 | $ 195,000 | $ 108,000 |
| Manassas County Virginia | 2 | $ 300,000 | $ 150,000 | $ 53,000 |
| Berkeley County West Virginia | 2 | $ 180,000 | $ 90,000 | $ 90,000 |
| Coconino County Arizona | 1 | $ 385,000 | $ 385,000 | $ 141,000 |
| Arapahoe County Colorado | 1 | $ 65,000 | $ 65,000 | $ 249,000 |
| Fairfield County Connecticut | 1 | $ 205,000 | $ 205,000 | $ 89,000 |
| Middlesex County Connecticut | 1 | $ 305,000 | $ 305,000 | $ 119,000 |
| New Haven County Connecticut | 1 | $ 155,000 | $ 155,000 | $ 318,000 |
| Hillsborough County Florida | 1 | $ 25,000 | $ 25,000 | $ 70,000 |
| Jefferson County Florida | 1 | $ 105,000 | $ 105,000 | $ 136,000 |
| Leon County Florida | 1 | $ 305,000 | $ 305,000 | $ 47,000 |
| Miami-Dade County Florida | 1 | $ 405,000 | $ 405,000 | $ 1,664,000 |
| Orange County Florida | 1 | $ 195,000 | $ 195,000 | $ 268,000 |
| Palm Beach County Florida | 1 | $ 265,000 | $ 265,000 | $ 0 |
| Pinellas County Florida | 1 | $ 255,000 | $ 255,000 | $ 93,000 |
| Santa Rosa County Florida | 1 | $ 65,000 | $ 65,000 | $ 114,000 |
| DeKalb County Georgia | 1 | $ 55,000 | $ 55,000 | $ 132,000 |
| Douglas County Georgia | 1 | $ 85,000 | $ 85,000 | $ 123,000 |
| DuPage County Illinois | 1 | $ 315,000 | $ 315,000 | $ 505,000 |
| Warren County Illinois | 1 | $ 125,000 | $ 125,000 | $ 199,000 |
| Hamilton County Indiana | 1 | $ 135,000 | $ 135,000 | $ 150,000 |
| Hendricks County Indiana | 1 | $ 65,000 | $ 65,000 | $ 144,000 |
| Jackson County Indiana | 1 | $ 95,000 | $ 95,000 | $ 116,000 |
| Marion County Indiana | 1 | $ 105,000 | $ 105,000 | $ 110,000 |
| Campbell County Kentucky | 1 | $ 105,000 | $ 105,000 | $ 72,000 |
| Grayson County Kentucky | 1 | $ 75,000 | $ 75,000 | $ 178,000 |
| Kenton County Kentucky | 1 | $ 25,000 | $ 25,000 | $ 65,000 |
| Carroll County Maryland | 1 | $ 105,000 | $ 105,000 | $ 285,000 |
| Cecil County Maryland | 1 | $ 55,000 | $ 55,000 | $ 87,000 |
| Talbot County Maryland | 1 | $ 45,000 | $ 45,000 | $ 84,000 |
| Washington County Maryland | 1 | $ 35,000 | $ 35,000 | $ 51,000 |
| Worcester County Massachusetts | 1 | $ 385,000 | $ 385,000 | $ 350,000 |
| Clay County Missouri | 1 | $ 55,000 | $ 55,000 | $ 112,000 |
| St. Charles County Missouri | 1 | $ 125,000 | $ 125,000 | $ 74,000 |
| St. Louis County Missouri | 1 | $ 25,000 | $ 25,000 | $ 294,000 |
| Clark County Nevada | 1 | $ 135,000 | $ 135,000 | $ 230,000 |
| Hudson County New Jersey | 1 | $ 105,000 | $ 105,000 | $ 1,200,000 |
| Middlesex County New Jersey | 1 | $ 255,000 | $ 255,000 | $ 197,000 |
| Union County New Jersey | 1 | $ 75,000 | $ 75,000 | $ 66,000 |
| Sullivan County New York | 1 | $ 65,000 | $ 65,000 | $ 151,000 |
| Buncombe County North Carolina | 1 | $ 375,000 | $ 375,000 | $ 89,000 |
| Carteret County North Carolina | 1 | $ 375,000 | $ 375,000 | $ 238,000 |
| Forsyth County North Carolina | 1 | $ 85,000 | $ 85,000 | $ 88,000 |
| Henderson County North Carolina | 1 | $ 205,000 | $ 205,000 | $ 124,000 |
| Pasquotank County North Carolina | 1 | $ 255,000 | $ 255,000 | $ 153,000 |
| Brown County Ohio | 1 | $ 35,000 | $ 35,000 | $ 143,000 |
| Clermont County Ohio | 1 | $ 105,000 | $ 105,000 | $ 119,000 |
| Franklin County Ohio | 1 | $ 55,000 | $ 55,000 | $ 123,000 |
| Medina County Ohio | 1 | $ 45,000 | $ 45,000 | $ 71,000 |
| Miami County Ohio | 1 | $ 65,000 | $ 65,000 | $ 130,000 |
| Summit County Ohio | 1 | $ 85,000 | $ 85,000 | $ 86,000 |
| Deschutes County Oregon | 1 | $ 325,000 | $ 325,000 | $ 87,000 |
| Bucks County Pennsylvania | 1 | $ 65,000 | $ 65,000 | $ 612,000 |
| Carbon County Pennsylvania | 1 | $ 115,000 | $ 115,000 | $ 85,000 |
| Dauphin County Pennsylvania | 1 | $ 155,000 | $ 155,000 | $ 58,000 |
| Montgomery County Pennsylvania | 1 | $ 235,000 | $ 235,000 | $ 160,000 |
| Northampton County Pennsylvania | 1 | $ 175,000 | $ 175,000 | $ 172,000 |
| Westmoreland County Pennsylvania | 1 | $ 145,000 | $ 145,000 | $ 73,000 |
| Kent County Rhode Island | 1 | $ 255,000 | $ 255,000 | $ 505,000 |
| Horry County South Carolina | 1 | $ 45,000 | $ 45,000 | $ 58,000 |
| Lexington County South Carolina | 1 | $ 65,000 | $ 65,000 | $ 86,000 |
| Pickens County South Carolina | 1 | $ 115,000 | $ 115,000 | $ 196,000 |
| Davidson County Tennessee | 1 | $ 45,000 | $ 45,000 | $ 71,000 |
| DeKalb County Tennessee | 1 | $ 495,000 | $ 495,000 | $ 475,000 |
| Hamilton County Tennessee | 1 | $ 275,000 | $ 275,000 | $ 165,000 |
| Charles City County Virginia | 1 | $ 155,000 | $ 155,000 | $ 150,000 |
| Fauquier County Virginia | 1 | $ 85,000 | $ 85,000 | $ 89,000 |
| Frederick County Virginia | 1 | $ 85,000 | $ 85,000 | $ 134,000 |
| Fredericksburg County Virginia | 1 | $ 55,000 | $ 55,000 | $ 160,000 |
| Goochland County Virginia | 1 | $ 355,000 | $ 355,000 | $ 98,000 |
| Hanover County Virginia | 1 | $ 65,000 | $ 65,000 | $ 192,000 |
| Manassas Park County Virginia | 1 | $ 105,000 | $ 105,000 | $ 105,000 |
| Montgomery County Virginia | 1 | $ 315,000 | $ 315,000 | $ 274,000 |
| Poquoson County Virginia | 1 | $ 155,000 | $ 155,000 | $ 143,000 |
| Portsmouth County Virginia | 1 | $ 25,000 | $ 25,000 | $ 41,000 |
| Roanoke City County Virginia | 1 | $ 285,000 | $ 285,000 | $ 83,000 |
| Shenandoah County Virginia | 1 | $ 135,000 | $ 135,000 | $ 142,000 |
| Spotsylvania County Virginia | 1 | $ 95,000 | $ 95,000 | $ 194,000 |
| Virginia Beach County Virginia | 1 | $ 115,000 | $ 115,000 | $ 58,000 |
| Warren County Virginia | 1 | $ 115,000 | $ 115,000 | $ 82,000 |
| Westmoreland County Virginia | 1 | $ 105,000 | $ 105,000 | $ 73,000 |
| Kitsap County Washington | 1 | $ 105,000 | $ 105,000 | $ 259,000 |
| Racine County Wisconsin | 1 | $ 75,000 | $ 75,000 | $ 148,000 |
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 2023
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 Improvement | 122 | $14,850,000 | $121,000 | $505,000 | $200,000 | $1,664,000 |
| Other Purpose | 115 | $14,815,000 | $128,000 | $505,000 | $174,000 | $1,089,000 |
| Home Purchase | 94 | $26,370,000 | $280,000 | $605,000 | $215,000 | $721,000 |
| Cash-out Refinancing | 44 | $7,810,000 | $177,000 | $505,000 | $212,000 | $1,089,000 |
| Refinancing | 4 | $980,000 | $245,000 | $295,000 | $191,000 | $296,000 |
| 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 | 154 | $28,040,000 | $182,000 | $605,000 | $212,000 | $1,664,000 |
| Not Provided | 115 | $15,425,000 | $134,000 | $505,000 | $195,000 | $1,200,000 |
| Black or African American | 50 | $9,270,000 | $185,000 | $565,000 | $152,000 | $721,000 |
| Hispanic | 24 | $5,440,000 | $226,000 | $545,000 | $160,000 | $575,000 |
| Asian | 24 | $4,820,000 | $200,000 | $505,000 | $262,000 | $580,000 |
| American Indian or Alaskan Native | 2 | $270,000 | $135,000 | $255,000 | $195,000 | $312,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $385,000 | $385,000 | $385,000 | $141,000 | $141,000 |
| 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) | 379 | $64,825,000 | $171,000 | $605,000 | $197,000 | $1,664,000 |
| 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 | 204 | $33,320,000 | $163,000 | $605,000 | $230,000 | $1,664,000 |
| Application Denied By Financial Institution | 81 | $10,775,000 | $133,000 | $505,000 | $152,000 | $580,000 |
| Preapproval Approved but not Accepted | 24 | $7,030,000 | $292,000 | $545,000 | $113,000 | $400,000 |
| Application Withdrawn By Applicant | 22 | $3,430,000 | $155,000 | $505,000 | $167,000 | $341,000 |
| Application Approved But Not Accepted | 17 | $2,325,000 | $136,000 | $505,000 | $178,000 | $492,000 |
| File Closed For Incompleteness | 16 | $3,600,000 | $225,000 | $525,000 | $321,000 | $1,200,000 |
| Preapproval Denied by Financial Institution | 15 | $4,345,000 | $289,000 | $565,000 | $64,000 | $114,000 |
| 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 | 283 | $49,705,000 | $175,000 | $605,000 | $217,000 | $1,664,000 |
| Debt-To-Income Ratio | 54 | $10,120,000 | $187,000 | $565,000 | $134,000 | $580,000 |
| Credit History | 27 | $2,745,000 | $101,000 | $475,000 | $123,000 | $498,000 |
| Collateral | 10 | $1,620,000 | $162,000 | $355,000 | $197,000 | $367,000 |
| Other | 2 | $420,000 | $210,000 | $315,000 | $106,000 | $128,000 |
| Unverifiable Information | 1 | $155,000 | $155,000 | $155,000 | $248,000 | $248,000 |
| Mortgage Insurance Denied | 1 | $35,000 | $35,000 | $35,000 | $190,000 | $190,000 |
| Employment History | 1 | $25,000 | $25,000 | $25,000 | $104,000 | $104,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 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.