Spectra Credit Union
HMDA Loan Application Totals
and Mortgage Lending Details
for 2017
Spectra Credit Union 2017 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 | 366 |
| Total Mortgage Loan Application Amount | $78,219,000 |
| Average Mortgage Loan Application Amount | $202,333 |
| Highest Mortgage Loan Application Amount | $1,200,000 |
| Average Applicant Income | $132,000 |
| Highest Applicant Income | $500,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2017 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 2017 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 2017.
| 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 | 52 | $ 7,551,000 | $ 145,000 | $ 120,000 |
| Prince George's County Maryland | 48 | $ 8,108,000 | $ 168,000 | $ 121,000 |
| Fairfax County Virginia | 33 | $ 8,112,000 | $ 245,000 | $ 182,000 |
| District of Columbia County District Of Columbia | 15 | $ 4,469,000 | $ 297,000 | $ 155,000 |
| Calvert County Maryland | 12 | $ 3,060,000 | $ 255,000 | $ 135,000 |
| Montgomery County Maryland | 11 | $ 2,358,000 | $ 214,000 | $ 182,000 |
| Anne Arundel County Maryland | 9 | $ 2,316,000 | $ 257,000 | $ 118,000 |
| Prince William County Virginia | 9 | $ 1,434,000 | $ 159,000 | $ 104,000 |
| Alexandria County Virginia | 6 | $ 1,040,000 | $ 173,000 | $ 180,000 |
| Loudoun County Virginia | 6 | $ 955,000 | $ 159,000 | $ 170,000 |
| Stafford County Virginia | 5 | $ 884,000 | $ 176,000 | $ 129,000 |
| Baltimore City County Maryland | 4 | $ 264,000 | $ 66,000 | $ 86,000 |
| St. Mary's County Maryland | 4 | $ 697,000 | $ 174,000 | $ 163,000 |
| Howard County Maryland | 3 | $ 645,000 | $ 215,000 | $ 134,000 |
| Fairfax City County Virginia | 3 | $ 1,050,000 | $ 350,000 | $ 188,000 |
| Baltimore County Maryland | 2 | $ 435,000 | $ 217,000 | $ 133,000 |
| Frederick County Maryland | 2 | $ 287,000 | $ 143,000 | $ 151,000 |
| Queen Anne's County Maryland | 2 | $ 450,000 | $ 225,000 | $ 229,000 |
| Middlesex County Massachusetts | 2 | $ 220,000 | $ 110,000 | $ 252,000 |
| Albemarle County Virginia | 2 | $ 287,000 | $ 143,000 | $ 118,000 |
| Arlington County Virginia | 2 | $ 240,000 | $ 120,000 | $ 179,000 |
| Louisa County Virginia | 2 | $ 429,000 | $ 214,000 | $ 74,000 |
| Warren County Virginia | 2 | $ 403,000 | $ 201,000 | $ 108,000 |
| Jefferson County West Virginia | 2 | $ 284,000 | $ 142,000 | $ 142,000 |
| Maricopa County Arizona | 1 | $ 210,000 | $ 210,000 | $ 73,000 |
| Pima County Arizona | 1 | $ 184,000 | $ 184,000 | $ 120,000 |
| Siskiyou County California | 1 | $ 125,000 | $ 125,000 | $ 71,000 |
| Jefferson County Colorado | 1 | $ 572,000 | $ 572,000 | $ 186,000 |
| New Castle County Delaware | 1 | $ 256,000 | $ 256,000 | $ 79,000 |
| Sussex County Delaware | 1 | $ 10,000 | $ 10,000 | $ 79,000 |
| Bay County Florida | 1 | $ 286,000 | $ 286,000 | $ 96,000 |
| Brevard County Florida | 1 | $ 90,000 | $ 90,000 | $ 115,000 |
| Marion County Florida | 1 | $ 148,000 | $ 148,000 | $ 49,000 |
| Orange County Florida | 1 | $ 295,000 | $ 295,000 | $ 93,000 |
| Polk County Florida | 1 | $ 7,000 | $ 7,000 | $ 61,000 |
| Sumter County Florida | 1 | $ 70,000 | $ 70,000 | $ 166,000 |
| DeKalb County Georgia | 1 | $ 621,000 | $ 621,000 | $ 107,000 |
| Hart County Georgia | 1 | $ 330,000 | $ 330,000 | $ 284,000 |
| Tippecanoe County Indiana | 1 | $ 100,000 | $ 100,000 | $ 156,000 |
| Scott County Iowa | 1 | $ 250,000 | $ 250,000 | $ 330,000 |
| Calcasieu County Louisiana | 1 | $ 240,000 | $ 240,000 | $ 79,000 |
| Carroll County Maryland | 1 | $ 15,000 | $ 15,000 | $ 72,000 |
| Dorchester County Maryland | 1 | $ 242,000 | $ 242,000 | $ 178,000 |
| Talbot County Maryland | 1 | $ 146,000 | $ 146,000 | $ 26,000 |
| Washington County Maryland | 1 | $ 400,000 | $ 400,000 | $ 114,000 |
| Washoe County Nevada | 1 | $ 241,000 | $ 241,000 | $ 105,000 |
| Santa Fe County New Mexico | 1 | $ 25,000 | $ 25,000 | $ 194,000 |
| Nassau County New York | 1 | $ 515,000 | $ 515,000 | $ 317,000 |
| Brunswick County North Carolina | 1 | $ 150,000 | $ 150,000 | $ 47,000 |
| Buncombe County North Carolina | 1 | $ 276,000 | $ 276,000 | $ 301,000 |
| Durham County North Carolina | 1 | $ 65,000 | $ 65,000 | $ 105,000 |
| Henderson County North Carolina | 1 | $ 308,000 | $ 308,000 | $ 80,000 |
| Mecklenburg County North Carolina | 1 | $ 33,000 | $ 33,000 | $ 117,000 |
| Warren County North Carolina | 1 | $ 225,000 | $ 225,000 | $ 100,000 |
| Hamilton County Ohio | 1 | $ 20,000 | $ 20,000 | $ 269,000 |
| Wood County Ohio | 1 | $ 120,000 | $ 120,000 | $ 300,000 |
| Columbia County Oregon | 1 | $ 191,000 | $ 191,000 | $ 65,000 |
| Lane County Oregon | 1 | $ 193,000 | $ 193,000 | $ 47,000 |
| Adams County Pennsylvania | 1 | $ 25,000 | $ 25,000 | $ 73,000 |
| Dauphin County Pennsylvania | 1 | $ 126,000 | $ 126,000 | $ 51,000 |
| Delaware County Pennsylvania | 1 | $ 320,000 | $ 320,000 | $ 167,000 |
| Shelby County Tennessee | 1 | $ 415,000 | $ 415,000 | $ 190,000 |
| Sullivan County Tennessee | 1 | $ 140,000 | $ 140,000 | $ 143,000 |
| Floyd County Virginia | 1 | $ 376,000 | $ 376,000 | $ 277,000 |
| Fredericksburg County Virginia | 1 | $ 20,000 | $ 20,000 | $ 155,000 |
| Greene County Virginia | 1 | $ 114,000 | $ 114,000 | $ 112,000 |
| Hanover County Virginia | 1 | $ 240,000 | $ 240,000 | $ 71,000 |
| Henrico County Virginia | 1 | $ 50,000 | $ 50,000 | $ 102,000 |
| King George County Virginia | 1 | $ 290,000 | $ 290,000 | $ 319,000 |
| Manassas County Virginia | 1 | $ 30,000 | $ 30,000 | $ 72,000 |
| Montgomery County Virginia | 1 | $ 135,000 | $ 135,000 | $ 125,000 |
| Newport News County Virginia | 1 | $ 237,000 | $ 237,000 | $ 115,000 |
| Page County Virginia | 1 | $ 105,000 | $ 105,000 | $ 409,000 |
| Richmond City County Virginia | 1 | $ 164,000 | $ 164,000 | $ 54,000 |
| Rockingham County Virginia | 1 | $ 10,000 | $ 10,000 | $ 170,000 |
| Berkeley County West Virginia | 1 | $ 146,000 | $ 146,000 | $ 94,000 |
| Tucker County West Virginia | 1 | $ 58,000 | $ 58,000 | $ 134,000 |
| Brown County Wisconsin | 1 | $ 120,000 | $ 120,000 | $ 326,000 |
Mortgage Loan Application Detail Totals for Spectra Credit Union in 2017
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 | 175 | $31,698,000 | $181,000 | $1,200,000 | $147,000 | $460,000 |
| Home Purchase | 139 | $38,862,000 | $279,000 | $720,000 | $122,000 | $500,000 |
| Home Improvement | 52 | $7,659,000 | $147,000 | $600,000 | $127,000 | $300,000 |
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 | 171 | $38,090,000 | $222,000 | $720,000 | $133,000 | $445,000 |
| Not Provided | 88 | $18,060,000 | $205,000 | $1,200,000 | $158,000 | $500,000 |
| Black or African American | 68 | $13,464,000 | $198,000 | $600,000 | $110,000 | $284,000 |
| Asian | 21 | $5,904,000 | $281,000 | $1,000,000 | $152,000 | $460,000 |
| Hispanic | 13 | $1,714,000 | $131,000 | $350,000 | $115,000 | $259,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $548,000 | $182,000 | $237,000 | $85,000 | $115,000 |
| American Indian or Alaskan Native | 2 | $439,000 | $219,000 | $400,000 | $130,000 | $146,000 |
| 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) | 366 | $78,219,000 | $213,000 | $1,200,000 | $135,000 | $500,000 |
| 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 | 172 | $31,369,000 | $182,000 | $1,000,000 | $143,000 | $460,000 |
| Application Denied By Financial Institution | 65 | $12,657,000 | $194,000 | $1,200,000 | $120,000 | $500,000 |
| Preapproval Approved but not Accepted | 59 | $19,065,000 | $323,000 | $720,000 | $117,000 | $245,000 |
| Application Withdrawn By Applicant | 53 | $11,051,000 | $208,000 | $701,000 | $151,000 | $432,000 |
| Preapproval Denied by Financial Institution | 15 | $3,096,000 | $206,000 | $400,000 | $78,000 | $153,000 |
| File Closed For Incompleteness | 2 | $981,000 | $490,000 | $491,000 | $328,000 | $445,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 30 | $5,301,000 | $176,000 | $515,000 | $87,000 | $317,000 |
| Credit History | 21 | $3,477,000 | $165,000 | $400,000 | $121,000 | $269,000 |
| Collateral | 10 | $2,646,000 | $264,000 | $1,200,000 | $131,000 | $252,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $656,000 | $164,000 | $223,000 | $67,000 | $82,000 |
| Other | 4 | $1,112,000 | $278,000 | $573,000 | $160,000 | $275,000 |
| Credit Application Incomplete | 1 | $10,000 | $10,000 | $10,000 | $170,000 | $170,000 |
| 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 2017 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.