Spectra Credit Union
HMDA Loan Application Totals
and Mortgage Lending Details
for 2003
Spectra Credit Union 2003 HMDA loan application data provides key insights into its mortgage lending trends, applicant demographics, and loan distribution.
The Home Mortgage Disclosure Act (HMDA) requires lenders to report detailed loan application data, offering transparency into lending patterns.
The data reveals trends in average loan size, applicant income, and mortgage approval rates, helping consumers and analysts understand lending accessibility.
Below, explore a breakdown of loan applications by county, metro area, loan purpose, applicant race, loan type, and more.
Whether you're an industry professional, homebuyer, or researcher,
this information provides valuable insights into mortgage lending activity.
Scroll down to view the full dataset and analyze lending trends in greater detail.
| 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 | 800 |
| Total Mortgage Loan Application Amount | $143,555,000 |
| Average Mortgage Loan Application Amount | $153,848 |
| Highest Mortgage Loan Application Amount | $780,000 |
| Average Applicant Income | $89,969 |
| Highest Applicant Income | $552,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2003 with Spectra Credit Union. Below, you'll find key insights into this lender's mortgage activity, including total loan applications, average mortgage amounts, highest application values, and income levels of top applicants. Whether you're analyzing Spectra Credit Union's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.
Our HMDA dataset for 2003 breaks down Spectra Credit Union's mortgage applications by loan purpose, applicant race, loan type, approval outcomes, and reasons for denial. These insights help homebuyers, financial analysts, and industry professionals assess borrower demographics and lending practices, offering a clearer view of how Spectra Credit Union serves its applicants.
Each category highlights the total number of mortgage applications processed by Spectra Credit Union, total loan amounts, average mortgage values, and the highest mortgage amounts recorded. You can also review borrower income trends, including the average and highest reported applicant incomes for loans issued by this lender. Whether you're evaluating lender performance, comparing mortgage approval rates, or exploring loan options, this HMDA-backed data offers a crucial look at Spectra Credit Union's mortgage activity for 2003.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Fairfax County Virginia | 97 | $ 17,932,000 | $ 184,000 | $ 107,000 |
| Prince George's County Maryland | 77 | $ 11,787,000 | $ 153,000 | $ 103,000 |
| Charles County Maryland | 62 | $ 9,436,000 | $ 152,000 | $ 86,000 |
| Montgomery County Maryland | 35 | $ 6,812,000 | $ 194,000 | $ 140,000 |
| Anne Arundel County Maryland | 22 | $ 4,613,000 | $ 209,000 | $ 145,000 |
| Calvert County Maryland | 20 | $ 3,790,000 | $ 189,000 | $ 114,000 |
| Prince William County Virginia | 18 | $ 3,090,000 | $ 171,000 | $ 87,000 |
| St. Mary's County Maryland | 16 | $ 2,442,000 | $ 152,000 | $ 114,000 |
| District of Columbia County District Of Columbia | 9 | $ 1,468,000 | $ 163,000 | $ 122,000 |
| Alexandria County Virginia | 9 | $ 1,686,000 | $ 187,000 | $ 119,000 |
| Arlington County Virginia | 8 | $ 1,254,000 | $ 156,000 | $ 129,000 |
| Loudoun County Virginia | 7 | $ 1,829,000 | $ 261,000 | $ 103,000 |
| Howard County Maryland | 5 | $ 643,000 | $ 128,000 | $ 169,000 |
| Baltimore County Maryland | 4 | $ 483,000 | $ 120,000 | $ 79,000 |
| Stafford County Virginia | 3 | $ 478,000 | $ 159,000 | $ 95,000 |
| Westmoreland County Virginia | 3 | $ 282,000 | $ 94,000 | $ 97,000 |
| Los Angeles County California | 2 | $ 713,000 | $ 356,000 | $ 117,000 |
| San Joaquin County California | 2 | $ 300,000 | $ 150,000 | $ 67,000 |
| Sussex County Delaware | 2 | $ 350,000 | $ 175,000 | $ 57,000 |
| Frederick County Maryland | 2 | $ 368,000 | $ 184,000 | $ 86,000 |
| Queen Anne's County Maryland | 2 | $ 306,000 | $ 153,000 | $ 102,000 |
| Talbot County Maryland | 2 | $ 468,000 | $ 234,000 | $ 104,000 |
| Burlington County New Jersey | 2 | $ 197,000 | $ 98,000 | $ 53,000 |
| Bernalillo County New Mexico | 2 | $ 242,000 | $ 121,000 | $ 116,000 |
| Fauquier County Virginia | 2 | $ 300,000 | $ 150,000 | $ 66,000 |
| King George County Virginia | 2 | $ 496,000 | $ 248,000 | $ 131,000 |
| Anchorage County Alaska | 1 | $ 288,000 | $ 288,000 | $ 103,000 |
| El Dorado County California | 1 | $ 238,000 | $ 238,000 | $ 150,000 |
| Brevard County Florida | 1 | $ 100,000 | $ 100,000 | $ 62,000 |
| Hernando County Florida | 1 | $ 44,000 | $ 44,000 | $ 40,000 |
| Polk County Florida | 1 | $ 76,000 | $ 76,000 | $ 49,000 |
| St. Lucie County Florida | 1 | $ 116,000 | $ 116,000 | $ 45,000 |
| St. Clair County Illinois | 1 | $ 197,000 | $ 197,000 | $ 184,000 |
| Story County Iowa | 1 | $ 145,000 | $ 145,000 | $ 111,000 |
| Johnson County Kansas | 1 | $ 98,000 | $ 98,000 | $ 114,000 |
| Carroll County Maryland | 1 | $ 121,000 | $ 121,000 | $ 76,000 |
| Garrett County Maryland | 1 | $ 135,000 | $ 135,000 | $ 59,000 |
| Worcester County Maryland | 1 | $ 160,000 | $ 160,000 | $ 214,000 |
| Dukes County Massachusetts | 1 | $ 424,000 | $ 424,000 | $ 123,000 |
| Middlesex County Massachusetts | 1 | $ 323,000 | $ 323,000 | $ 133,000 |
| Suffolk County Massachusetts | 1 | $ 343,000 | $ 343,000 | $ 170,000 |
| Worcester County Massachusetts | 1 | $ 270,000 | $ 270,000 | $ 102,000 |
| Ingham County Michigan | 1 | $ 43,000 | $ 43,000 | $ 36,000 |
| Atlantic County New Jersey | 1 | $ 80,000 | $ 80,000 | $ 133,000 |
| Essex County New Jersey | 1 | $ 180,000 | $ 180,000 | $ 62,000 |
| Monmouth County New Jersey | 1 | $ 133,000 | $ 133,000 | $ 100,000 |
| Ocean County New Jersey | 1 | $ 135,000 | $ 135,000 | $ 64,000 |
| Rensselaer County New York | 1 | $ 66,000 | $ 66,000 | $ 80,000 |
| Tioga County New York | 1 | $ 77,000 | $ 77,000 | $ 46,000 |
| Brunswick County North Carolina | 1 | $ 124,000 | $ 124,000 | $ 74,000 |
| Buncombe County North Carolina | 1 | $ 136,000 | $ 136,000 | $ 67,000 |
| Durham County North Carolina | 1 | $ 258,000 | $ 258,000 | $ 151,000 |
| Pamlico County North Carolina | 1 | $ 80,000 | $ 80,000 | $ 50,000 |
| Rockingham County North Carolina | 1 | $ 123,000 | $ 123,000 | $ 97,000 |
| Montgomery County Ohio | 1 | $ 230,000 | $ 230,000 | $ 58,000 |
| Allegheny County Pennsylvania | 1 | $ 92,000 | $ 92,000 | $ 120,000 |
| Chester County Pennsylvania | 1 | $ 91,000 | $ 91,000 | $ 76,000 |
| Lehigh County Pennsylvania | 1 | $ 109,000 | $ 109,000 | $ 96,000 |
| Pickens County South Carolina | 1 | $ 145,000 | $ 145,000 | $ 85,000 |
| Davidson County Tennessee | 1 | $ 136,000 | $ 136,000 | $ 98,000 |
| Albemarle County Virginia | 1 | $ 140,000 | $ 140,000 | $ 125,000 |
| Caroline County Virginia | 1 | $ 98,000 | $ 98,000 | $ 164,000 |
| Fairfax City County Virginia | 1 | $ 120,000 | $ 120,000 | $ 108,000 |
| Frederick County Virginia | 1 | $ 95,000 | $ 95,000 | $ 131,000 |
| Goochland County Virginia | 1 | $ 370,000 | $ 370,000 | $ 127,000 |
| Manassas County Virginia | 1 | $ 92,000 | $ 92,000 | $ 78,000 |
| Northumberland County Virginia | 1 | $ 31,000 | $ 31,000 | $ 81,000 |
| Shenandoah County Virginia | 1 | $ 116,000 | $ 116,000 | $ 49,000 |
| Virginia Beach County Virginia | 1 | $ 65,000 | $ 65,000 | $ 29,000 |
| Fayette County West Virginia | 1 | $ 71,000 | $ 71,000 | $ 41,000 |
Mortgage Loan Application Detail Totals for Spectra Credit Union in 2003
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 (home purchase or home improvement, one-to-four family) | 572 | $96,069,000 | $145,315 | $490,000 | $94,157 | $473,000 |
| Home Purchase (one-to-four family) | 211 | $45,203,000 | $180,700 | $780,000 | $82,300 | $552,000 |
| Home Improvement (one-to-four family) | 17 | $2,283,000 | $127,250 | $220,000 | $89,250 | $177,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 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 | 527 | $96,716,000 | $152,157 | $780,000 | $89,736 | $552,000 |
| Information not provided by applicant in mail or telephone application | 87 | $15,139,000 | $165,250 | $464,000 | $102,250 | $259,000 |
| Black | 79 | $13,568,000 | $164,600 | $400,000 | $98,400 | $247,000 |
| Hispanic | 53 | $8,175,000 | $186,181 | $360,000 | $97,181 | $276,000 |
| Asian or Pacific Islander | 31 | $5,943,000 | $185,333 | $525,000 | $96,333 | $168,000 |
| Other | 18 | $3,124,000 | $156,750 | $437,000 | $94,250 | $223,000 |
| American Indian or Alaskan Native | 5 | $890,000 | $174,000 | $260,000 | $95,000 | $166,000 |
| 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) | 798 | $142,948,000 | $156,227 | $780,000 | $91,000 | $552,000 |
| FHA-insured (Federal Housing Administration) | 2 | $607,000 | $303,500 | $307,000 | $204,000 | $284,000 |
| 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 | 460 | $78,510,000 | $158,863 | $490,000 | $92,454 | $473,000 |
| Application Withdrawn By Applicant | 125 | $22,554,000 | $180,000 | $708,000 | $79,000 | $295,000 |
| Application Approved But Not Accepted | 104 | $23,648,000 | $227,000 | $600,000 | $80,000 | $176,000 |
| Application Denied By Financial Institution | 60 | $9,099,000 | $151,000 | $400,000 | $83,000 | $190,000 |
| File Closed For Incompleteness | 51 | $9,744,000 | $191,000 | $780,000 | $88,000 | $552,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 3 | $526,000 | $175,000 | $250,000 | $77,000 | $126,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $257,000 | $128,000 | $143,000 | $78,000 | $89,000 |
| Other | 1 | $185,000 | $185,000 | $185,000 | $78,000 | $78,000 |
| Credit Application Incomplete | 1 | $150,000 | $150,000 | $150,000 | $35,000 | $35,000 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Spectra Credit Union's 2003 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Spectra Credit Union's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Virginia, download the full spreadsheet
with aggregated HMDA statistics today.