Spectra Credit Union
Mortgage Loan Application
Totals and Details
for 2022

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 979
Total Mortgage Loan Application Amount $185,975,000
Average Mortgage Loan Application Amount $205,600
Highest Mortgage Loan Application Amount $1,005,000
Average Applicant Income $154,400
Highest Applicant Income $6,246,000

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.

Mortgage Loan Application Totals for Spectra Credit Union by Metropolitan Area in 2022

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 465 $ 99,245,000 $ 175,000 $ 228,750
BALTIMORE-COLUMBIA-TOWSON, MD 82 $ 15,740,000 $ 191,000 $ 221,000
WASHINGTON-BALTIMORE-ARLINGTON, DC 56 $ 14,520,000 $ 259,000 $ 255,000
NA (OUTSIDE OF MSA/MD) 43 $ 5,405,000 $ 137,928 $ 175,214
CINCINNATI, OH-KY-IN 28 $ 2,510,000 $ 92,333 $ 123,666
SALISBURY, MD-DE 27 $ 5,075,000 $ 196,500 $ 257,000
ATLANTA-SANDY SPRINGS-ROSWELL, GA 17 $ 2,945,000 $ 173,000 $ 127,000
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 12 $ 2,430,000 $ 202,000 $ 229,500
CALIFORNIA-LEXINGTON PARK, MD 11 $ 2,165,000 $ 196,000 $ 200,000
CLEVELAND-ELYRIA, OH 8 $ 1,960,000 $ 245,000 $ 161,000
NORTH PORT-SARASOTA-BRADENTON, FL 7 $ 1,225,000 $ 175,000 $ 151,000
PHOENIX-MESA-SCOTTSDALE, AZ 7 $ 1,105,000 $ 157,000 $ 171,000
CHARLOTTE-CONCORD-GASTONIA, NC-SC 6 $ 740,000 $ 123,000 $ 128,000
CHICAGO-NAPERVILLE, IL 6 $ 600,000 $ 100,000 $ 153,000
DAYTON-SPRINGFIELD-KETTERING, OH 6 $ 450,000 $ 75,000 $ 121,000
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 6 $ 810,000 $ 107,000 $ 152,500
ORLANDO-KISSIMMEE-SANFORD, FL 6 $ 930,000 $ 155,000 $ 343,000
TAMPA-ST. PETERSBURG-CLEARWATER, FL 6 $ 650,000 $ 108,000 $ 139,000
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 5 $ 515,000 $ 103,000 $ 194,000
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 5 $ 505,000 $ 113,500 $ 229,500
OCEAN CITY, NJ 5 $ 1,545,000 $ 309,000 $ 380,000
RICHMOND, VA 5 $ 955,000 $ 191,000 $ 122,000
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 4 $ 970,000 $ 242,000 $ 202,000
CHATTANOOGA, TN-GA 4 $ 460,000 $ 88,000 $ 189,500
DENVER-AURORA-LAKEWOOD, CO 4 $ 240,000 $ 60,000 $ 182,000
RALEIGH, NC 4 $ 400,000 $ 100,000 $ 149,000
ST. LOUIS, MO-IL 4 $ 400,000 $ 100,000 $ 137,000
WINCHESTER, VA-WV 4 $ 1,550,000 $ 387,000 $ 190,000
WINSTON-SALEM, NC 4 $ 440,000 $ 110,000 $ 117,000
YORK-HANOVER, PA 4 $ 300,000 $ 75,000 $ 100,000
CAPE CORAL-FORT MYERS, FL 3 $ 225,000 $ 75,000 $ 82,000
DURHAM-CHAPEL HILL, NC 3 $ 845,000 $ 281,000 $ 61,000
LAS VEGAS-HENDERSON-PARADISE, NV 3 $ 405,000 $ 135,000 $ 163,000
PENSACOLA-FERRY PASS-BRENT, FL 3 $ 575,000 $ 191,000 $ 145,000
PROVIDENCE-WARWICK, RI-MA 3 $ 435,000 $ 135,000 $ 122,500
AKRON, OH 2 $ 180,000 $ 90,000 $ 154,000
BOSTON, MA 2 $ 230,000 $ 115,000 $ 178,000
CHARLESTON-NORTH CHARLESTON, SC 2 $ 610,000 $ 305,000 $ 76,000
COLUMBUS, OH 2 $ 190,000 $ 95,000 $ 120,000
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 2 $ 270,000 $ 135,000 $ 114,000
FARMINGTON, NM 2 $ 300,000 $ 150,000 $ 257,000
FLAGSTAFF, AZ 2 $ 1,450,000 $ 725,000 $ 339,000
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL 2 $ 170,000 $ 85,000 $ 193,000
GETTYSBURG, PA 2 $ 540,000 $ 270,000 $ 155,000
GREENSBORO-HIGH POINT, NC 2 $ 450,000 $ 225,000 $ 285,000
HILTON HEAD ISLAND-BLUFFTON-BEAUFORT, SC 2 $ 560,000 $ 280,000 $ 461,000
INDIANAPOLIS-CARMEL-ANDERSON, IN 2 $ 140,000 $ 70,000 $ 78,000
JACKSONVILLE, FL 2 $ 100,000 $ 50,000 $ 197,000
KANSAS CITY, MO-KS 2 $ 190,000 $ 95,000 $ 109,000
LAFAYETTE-WEST LAFAYETTE, IN 2 $ 360,000 $ 180,000 $ 105,000
MIAMI-MIAMI BEACH-KENDALL, FL 2 $ 150,000 $ 75,000 $ 85,000
OCALA, FL 2 $ 120,000 $ 60,000 $ 156,000
PALM BAY-MELBOURNE-TITUSVILLE, FL 2 $ 130,000 $ 65,000 $ 212,000
PHILADELPHIA, PA 2 $ 160,000 $ 80,000 $ 61,000
PITTSBURGH, PA 2 $ 150,000 $ 75,000 $ 68,000
PORT ST. LUCIE, FL 2 $ 400,000 $ 200,000 $ 169,000
RENO, NV 2 $ 140,000 $ 70,000 $ 85,000
TOLEDO, OH 2 $ 90,000 $ 45,000 $ 114,000
TUCSON, AZ 2 $ 190,000 $ 95,000 $ 88,000
WEST PALM BEACH-BOCA RATON-DELRAY BEACH, FL 2 $ 120,000 $ 60,000 $ 137,000
ALBANY, OR 1 $ 345,000 $ 345,000 $ 163,000
ALBANY-SCHENECTADY-TROY, NY 1 $ 75,000 $ 75,000 $ 252,000
ASHEVILLE, NC 1 $ 85,000 $ 85,000 $ 169,000
ATHENS-CLARKE COUNTY, GA 1 $ 15,000 $ 15,000 $ 116,000
ATLANTIC CITY-HAMMONTON, NJ 1 $ 35,000 $ 35,000 $ 216,000
BARNSTABLE TOWN, MA 1 $ 395,000 $ 395,000 $ 235,000
BECKLEY, WV 1 $ 55,000 $ 55,000 $ 97,000
BELLINGHAM, WA 1 $ 185,000 $ 185,000 $ 118,000
BREMERTON-SILVERDALE, WA 1 $ 145,000 $ 145,000 $ 144,000
BRUNSWICK, GA 1 $ 205,000 $ 205,000 $ 128,000
CAMDEN, NJ 1 $ 205,000 $ 205,000 $ 191,000
CANTON-MASSILLON, OH 1 $ 85,000 $ 85,000 $ 96,000
CLEVELAND, TN 1 $ 285,000 $ 285,000 $ 151,000
COLUMBIA, SC 1 $ 65,000 $ 65,000 $ 127,000
CORVALLIS, OR 1 $ 205,000 $ 205,000 $ 139,000
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 1 $ 155,000 $ 155,000 $ 115,000
DETROIT-DEARBORN-LIVONIA, MI 1 $ 105,000 $ 105,000 $ 652,000
FAYETTEVILLE, NC 1 $ 55,000 $ 55,000 $ 33,000
FORT WAYNE, IN 1 $ 55,000 $ 55,000 $ 73,000
GAINESVILLE, FL 1 $ 55,000 $ 55,000 $ 119,000
GAINESVILLE, GA 1 $ 65,000 $ 65,000 $ 63,000
GRAND JUNCTION, CO 1 $ 55,000 $ 55,000 $ 33,000
GREELEY, CO 1 $ 555,000 $ 555,000 $ 131,000
GULFPORT-BILOXI-PASCAGOULA, MS 1 $ 85,000 $ 85,000 $ 392,000
HAGERSTOWN-MARTINSBURG, MD-WV 1 $ 95,000 $ 95,000 $ 168,000
HARRISBURG-CARLISLE, PA 1 $ 35,000 $ 35,000 $ 60,000
HICKORY-LENOIR-MORGANTON, NC 1 $ 155,000 $ 155,000 $ 286,000
JACKSON, MS 1 $ 305,000 $ 305,000 $ 24,000
JACKSONVILLE, NC 1 $ 215,000 $ 215,000 $ 344,000
JOPLIN, MO 1 $ 105,000 $ 105,000 $ 93,000
KNOXVILLE, TN 1 $ 55,000 $ 55,000 $ 51,000
LYNCHBURG, VA 1 $ 325,000 $ 325,000 $ 47,000
MACON-BIBB COUNTY, GA 1 $ 35,000 $ 35,000 $ 95,000
MEMPHIS, TN-MS-AR 1 $ 75,000 $ 75,000 $ 27,000
MICHIGAN CITY-LA PORTE, IN 1 $ 85,000 $ 85,000 $ 92,000
NEW BERN, NC 1 $ 35,000 $ 35,000 $ 79,000
NEW ORLEANS-METAIRIE, LA 1 $ 125,000 $ 125,000 $ 319,000
NEW YORK-NEWARK, NY 1 $ 155,000 $ 155,000 $ 199,000
NEWARK, NJ-PA 1 $ 155,000 $ 155,000 $ 335,000
PANAMA CITY, FL 1 $ 105,000 $ 105,000 $ 218,000
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 1 $ 135,000 $ 135,000 $ 95,000
PUEBLO, CO 1 $ 95,000 $ 95,000 $ 58,000
PUNTA GORDA, FL 1 $ 75,000 $ 75,000 $ 95,000
READING, PA 1 $ 55,000 $ 55,000 $ 94,000
ROCHESTER, NY 1 $ 25,000 $ 25,000 $ 57,000
SALT LAKE CITY, UT 1 $ 35,000 $ 35,000 $ 135,000
SANTA FE, NM 1 $ 205,000 $ 205,000 $ 119,000
SAVANNAH, GA 1 $ 135,000 $ 135,000 $ 110,000
SCRANTON--WILKES-BARRE--HAZLETON, PA 1 $ 55,000 $ 55,000 $ 125,000
SEATTLE-BELLEVUE-EVERETT, WA 1 $ 205,000 $ 205,000 $ 124,000
SEBASTIAN-VERO BEACH, FL 1 $ 115,000 $ 115,000 $ 257,000
SPOKANE-SPOKANE VALLEY, WA 1 $ 165,000 $ 165,000 $ 83,000
SPRINGFIELD, MA 1 $ 45,000 $ 45,000 $ 65,000
TRENTON, NJ 1 $ 105,000 $ 105,000 $ 280,000
WARREN-TROY-FARMINGTON HILLS, MI 1 $ 135,000 $ 135,000 $ 155,000
WILMINGTON, DE-MD-NJ 1 $ 75,000 $ 75,000 $ 128,000
WILMINGTON, NC 1 $ 85,000 $ 85,000 $ 110,000
YUMA, AZ 1 $ 35,000 $ 35,000 $ 111,000

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 2022

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
Other Purpose 628 $88,060,000 $140,000 $505,000 $208,000 $6,246,000
Home Purchase 245 $73,965,000 $301,000 $965,000 $240,000 $2,446,000
Cash-out Refinancing 72 $15,220,000 $211,000 $1,005,000 $133,000 $371,000
Refinancing 31 $8,415,000 $271,000 $985,000 $119,000 $258,000
Home Improvement 3 $315,000 $105,000 $225,000 $72,000 $145,000
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 543 $99,985,000 $184,000 $985,000 $215,000 $6,246,000
Not Provided 162 $35,080,000 $216,000 $1,005,000 $230,000 $1,269,000
Black or African American 128 $22,520,000 $175,000 $785,000 $156,000 $675,000
Asian 74 $16,470,000 $222,000 $965,000 $221,000 $1,204,000
Hispanic 43 $5,885,000 $136,000 $835,000 $153,000 $694,000
American Indian or Alaskan Native 6 $870,000 $145,000 $205,000 $189,000 $332,000
Native Hawaiian or Other Pacific Islander 2 $150,000 $75,000 $95,000 $375,000 $483,000
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) 979 $185,975,000 $189,000 $1,005,000 $207,000 $6,246,000
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 625 $107,815,000 $172,000 $1,005,000 $219,000 $2,446,000
Application Withdrawn By Applicant 121 $26,025,000 $215,000 $975,000 $174,000 $665,000
Application Denied By Financial Institution 91 $13,825,000 $151,000 $685,000 $233,000 $6,246,000
Application Approved But Not Accepted 53 $7,055,000 $133,000 $385,000 $187,000 $675,000
Preapproval Approved but not Accepted 48 $22,020,000 $458,000 $965,000 $162,000 $362,000
File Closed For Incompleteness 30 $5,350,000 $178,000 $855,000 $188,000 $921,000
Preapproval Denied by Financial Institution 11 $3,885,000 $353,000 $605,000 $92,000 $152,000
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 877 $168,265,000 $191,000 $1,005,000 $206,000 $2,446,000
Debt-To-Income Ratio 37 $6,235,000 $168,000 $515,000 $111,000 $260,000
Credit History 28 $4,450,000 $158,000 $385,000 $351,000 $6,246,000
Collateral 25 $4,285,000 $171,000 $685,000 $242,000 $1,202,000
Unverifiable Information 5 $515,000 $103,000 $195,000 $188,000 $400,000
Insufficient Cash (Downpayment, Closing Cost) 4 $1,560,000 $390,000 $605,000 $128,000 $152,000
Other 2 $520,000 $260,000 $445,000 $105,000 $151,000
Employment History 1 $145,000 $145,000 $145,000 $248,000 $248,000
Credit Application Incomplete 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.

Download the Virginia Lender List