Spectra Credit Union
HMDA Loan Application Totals
and Mortgage Lending Details
for 2018
Spectra Credit Union 2018 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 | 343 |
| Total Mortgage Loan Application Amount | $67,825,000 |
| Average Mortgage Loan Application Amount | $196,000 |
| Highest Mortgage Loan Application Amount | $965,000 |
| Average Applicant Income | $130,250 |
| Highest Applicant Income | $391,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2018 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 2018 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 2018.
| 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 | $ 6,380,000 | $ 122,000 | $ 97,000 |
| Prince George's County Maryland | 45 | $ 7,165,000 | $ 159,000 | $ 106,000 |
| Fairfax County Virginia | 37 | $ 9,455,000 | $ 255,000 | $ 157,000 |
| Montgomery County Maryland | 16 | $ 3,050,000 | $ 190,000 | $ 176,000 |
| Anne Arundel County Maryland | 14 | $ 2,410,000 | $ 172,000 | $ 144,000 |
| Prince William County Virginia | 10 | $ 2,940,000 | $ 294,000 | $ 160,000 |
| District of Columbia County District Of Columbia | 7 | $ 1,505,000 | $ 215,000 | $ 167,000 |
| Calvert County Maryland | 7 | $ 785,000 | $ 112,000 | $ 141,000 |
| Loudoun County Virginia | 7 | $ 1,295,000 | $ 185,000 | $ 168,000 |
| Baltimore County Maryland | 6 | $ 440,000 | $ 73,000 | $ 186,000 |
| St. Mary's County Maryland | 6 | $ 640,000 | $ 106,000 | $ 156,000 |
| Arlington County Virginia | 5 | $ 1,165,000 | $ 233,000 | $ 198,000 |
| Johnston County North Carolina | 4 | $ 490,000 | $ 122,000 | $ 131,000 |
| Worcester County Maryland | 3 | $ 505,000 | $ 168,000 | $ 138,000 |
| York County Pennsylvania | 3 | $ 315,000 | $ 105,000 | $ 103,000 |
| Alexandria County Virginia | 3 | $ 675,000 | $ 225,000 | $ 175,000 |
| Westmoreland County Virginia | 3 | $ 605,000 | $ 201,000 | $ 135,000 |
| Maricopa County Arizona | 2 | $ 230,000 | $ 115,000 | $ 88,000 |
| Hillsborough County Florida | 2 | $ 410,000 | $ 205,000 | $ 87,000 |
| Howard County Maryland | 2 | $ 670,000 | $ 335,000 | $ 159,000 |
| Lee County North Carolina | 2 | $ 330,000 | $ 165,000 | $ 76,000 |
| Wake County North Carolina | 2 | $ 950,000 | $ 475,000 | $ 205,000 |
| Delaware County Pennsylvania | 2 | $ 160,000 | $ 80,000 | $ 147,000 |
| Spotsylvania County Virginia | 2 | $ 40,000 | $ 20,000 | $ 101,000 |
| Coconino County Arizona | 1 | $ 235,000 | $ 235,000 | $ 73,000 |
| Boulder County Colorado | 1 | $ 25,000 | $ 25,000 | $ 145,000 |
| Broomfield County Colorado | 1 | $ 395,000 | $ 395,000 | $ 163,000 |
| Denver County Colorado | 1 | $ 75,000 | $ 75,000 | $ 130,000 |
| Douglas County Colorado | 1 | $ 105,000 | $ 105,000 | $ 38,000 |
| Jefferson County Colorado | 1 | $ 165,000 | $ 165,000 | $ 45,000 |
| Fairfield County Connecticut | 1 | $ 395,000 | $ 395,000 | $ 137,000 |
| Brevard County Florida | 1 | $ 165,000 | $ 165,000 | $ 95,000 |
| Duval County Florida | 1 | $ 185,000 | $ 185,000 | $ 109,000 |
| Lake County Florida | 1 | $ 245,000 | $ 245,000 | $ 57,000 |
| Lee County Florida | 1 | $ 175,000 | $ 175,000 | $ 85,000 |
| Pasco County Florida | 1 | $ 295,000 | $ 295,000 | $ 100,000 |
| Sarasota County Florida | 1 | $ 345,000 | $ 345,000 | $ 147,000 |
| Fulton County Georgia | 1 | $ 55,000 | $ 55,000 | $ 245,000 |
| Muscogee County Georgia | 1 | $ 15,000 | $ 15,000 | $ 110,000 |
| Richmond County Georgia | 1 | $ 105,000 | $ 105,000 | $ 74,000 |
| Cook County Illinois | 1 | $ 15,000 | $ 15,000 | $ 194,000 |
| Hamilton County Indiana | 1 | $ 35,000 | $ 35,000 | $ 85,000 |
| Monroe County Indiana | 1 | $ 145,000 | $ 145,000 | $ 104,000 |
| Baltimore City County Maryland | 1 | $ 65,000 | $ 65,000 | $ 19,000 |
| Frederick County Maryland | 1 | $ 65,000 | $ 65,000 | $ 114,000 |
| Harford County Maryland | 1 | $ 55,000 | $ 55,000 | $ 106,000 |
| Talbot County Maryland | 1 | $ 885,000 | $ 885,000 | $ 350,000 |
| Wicomico County Maryland | 1 | $ 35,000 | $ 35,000 | $ 55,000 |
| Norfolk County Massachusetts | 1 | $ 435,000 | $ 435,000 | $ 125,000 |
| Monmouth County New Jersey | 1 | $ 55,000 | $ 55,000 | $ 149,000 |
| Kings County New York | 1 | $ 85,000 | $ 85,000 | $ 99,000 |
| Richmond County New York | 1 | $ 545,000 | $ 545,000 | $ 201,000 |
| Brunswick County North Carolina | 1 | $ 175,000 | $ 175,000 | $ 85,000 |
| New Hanover County North Carolina | 1 | $ 285,000 | $ 285,000 | $ 153,000 |
| Pender County North Carolina | 1 | $ 25,000 | $ 25,000 | $ 0 |
| Centre County Pennsylvania | 1 | $ 105,000 | $ 105,000 | $ 81,000 |
| Northampton County Pennsylvania | 1 | $ 245,000 | $ 245,000 | $ 75,000 |
| Charleston County South Carolina | 1 | $ 45,000 | $ 45,000 | $ 163,000 |
| Greenville County South Carolina | 1 | $ 215,000 | $ 215,000 | $ 69,000 |
| York County South Carolina | 1 | $ 215,000 | $ 215,000 | $ 0 |
| Salt Lake County Utah | 1 | $ 25,000 | $ 25,000 | $ 106,000 |
| Caledonia County Vermont | 1 | $ 15,000 | $ 15,000 | $ 200,000 |
| Accomack County Virginia | 1 | $ 315,000 | $ 315,000 | $ 158,000 |
| Caroline County Virginia | 1 | $ 15,000 | $ 15,000 | $ 0 |
| Fairfax City County Virginia | 1 | $ 75,000 | $ 75,000 | $ 298,000 |
| Henrico County Virginia | 1 | $ 315,000 | $ 315,000 | $ 291,000 |
| King George County Virginia | 1 | $ 25,000 | $ 25,000 | $ 107,000 |
| Louisa County Virginia | 1 | $ 405,000 | $ 405,000 | $ 230,000 |
| Montgomery County Virginia | 1 | $ 425,000 | $ 425,000 | $ 135,000 |
| Orange County Virginia | 1 | $ 65,000 | $ 65,000 | $ 81,000 |
| Salem County Virginia | 1 | $ 295,000 | $ 295,000 | $ 141,000 |
| Stafford County Virginia | 1 | $ 485,000 | $ 485,000 | $ 357,000 |
| King County Washington | 1 | $ 535,000 | $ 535,000 | $ 211,000 |
Mortgage Loan Application Detail Totals for Spectra Credit Union in 2018
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 |
|---|---|---|---|---|---|---|
| Cash-out Refinancing | 142 | $19,810,000 | $139,000 | $965,000 | $134,000 | $391,000 |
| Home Purchase | 120 | $34,280,000 | $285,000 | $885,000 | $122,000 | $357,000 |
| Other Purpose | 45 | $3,625,000 | $80,000 | $475,000 | $132,000 | $310,000 |
| Refinancing | 36 | $10,110,000 | $280,000 | $755,000 | $133,000 | $325,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not Provided | 133 | $29,285,000 | $220,000 | $965,000 | $139,000 | $364,000 |
| White | 107 | $20,235,000 | $189,000 | $755,000 | $136,000 | $391,000 |
| Black or African American | 51 | $8,855,000 | $173,000 | $545,000 | $102,000 | $230,000 |
| Not applicable | 24 | $2,770,000 | $115,000 | $485,000 | $143,000 | $357,000 |
| Asian | 16 | $3,420,000 | $213,000 | $425,000 | $105,000 | $208,000 |
| Hispanic | 9 | $2,995,000 | $332,000 | $575,000 | $104,000 | $247,000 |
| American Indian or Alaskan Native | 3 | $265,000 | $88,000 | $145,000 | $66,000 | $115,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 343 | $67,825,000 | $197,000 | $965,000 | $129,000 | $391,000 |
| 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 | 221 | $37,875,000 | $171,000 | $965,000 | $139,000 | $391,000 |
| Preapproval Approved but not Accepted | 39 | $12,085,000 | $309,000 | $695,000 | $110,000 | $230,000 |
| Application Denied By Financial Institution | 36 | $5,500,000 | $152,000 | $425,000 | $92,000 | $310,000 |
| Application Withdrawn By Applicant | 35 | $9,505,000 | $271,000 | $585,000 | $143,000 | $325,000 |
| Preapproval Denied by Financial Institution | 11 | $2,315,000 | $210,000 | $435,000 | $79,000 | $143,000 |
| File Closed For Incompleteness | 1 | $545,000 | $545,000 | $545,000 | $201,000 | $201,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 296 | $60,010,000 | $202,000 | $965,000 | $136,000 | $391,000 |
| Debt-To-Income Ratio | 18 | $2,380,000 | $132,000 | $355,000 | $75,000 | $215,000 |
| Credit History | 16 | $2,870,000 | $179,000 | $435,000 | $83,000 | $143,000 |
| Collateral | 9 | $1,505,000 | $167,000 | $425,000 | $101,000 | $194,000 |
| Unverifiable Information | 2 | $490,000 | $245,000 | $335,000 | $185,000 | $310,000 |
| Credit Application Incomplete | 1 | $225,000 | $225,000 | $225,000 | $71,000 | $71,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $345,000 | $345,000 | $345,000 | $120,000 | $120,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Spectra Credit Union's 2018 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.