Spectra Credit Union
HMDA Loan Application Totals
and Mortgage Lending Details
for 2020
Spectra Credit Union 2020 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 | 398 |
| Total Mortgage Loan Application Amount | $107,620,000 |
| Average Mortgage Loan Application Amount | $231,000 |
| Highest Mortgage Loan Application Amount | $1,005,000 |
| Average Applicant Income | $153,500 |
| Highest Applicant Income | $561,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2020 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 2020 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 2020.
| 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 | 53 | $ 12,045,000 | $ 227,000 | $ 121,000 |
| Fairfax County Virginia | 42 | $ 14,550,000 | $ 346,000 | $ 172,000 |
| Prince George's County Maryland | 38 | $ 8,490,000 | $ 223,000 | $ 134,000 |
| District of Columbia County District Of Columbia | 19 | $ 6,125,000 | $ 322,000 | $ 180,000 |
| Calvert County Maryland | 15 | $ 3,895,000 | $ 259,000 | $ 126,000 |
| Montgomery County Maryland | 15 | $ 4,675,000 | $ 311,000 | $ 188,000 |
| Anne Arundel County Maryland | 14 | $ 3,860,000 | $ 275,000 | $ 157,000 |
| St. Mary's County Maryland | 12 | $ 2,920,000 | $ 243,000 | $ 164,000 |
| Prince William County Virginia | 8 | $ 1,670,000 | $ 208,000 | $ 119,000 |
| Loudoun County Virginia | 7 | $ 2,125,000 | $ 303,000 | $ 187,000 |
| Baltimore County Maryland | 6 | $ 1,540,000 | $ 256,000 | $ 186,000 |
| Howard County Maryland | 5 | $ 1,815,000 | $ 363,000 | $ 225,000 |
| Arlington County Virginia | 5 | $ 1,665,000 | $ 333,000 | $ 132,000 |
| Stafford County Virginia | 5 | $ 1,405,000 | $ 281,000 | $ 139,000 |
| Sussex County Delaware | 4 | $ 790,000 | $ 197,000 | $ 248,000 |
| Alexandria County Virginia | 4 | $ 1,560,000 | $ 390,000 | $ 145,000 |
| Kent County Delaware | 3 | $ 1,035,000 | $ 345,000 | $ 203,000 |
| Hillsborough County Florida | 3 | $ 505,000 | $ 168,000 | $ 133,000 |
| DeKalb County Georgia | 3 | $ 995,000 | $ 331,000 | $ 218,000 |
| Frederick County Maryland | 3 | $ 895,000 | $ 298,000 | $ 144,000 |
| Buncombe County North Carolina | 3 | $ 635,000 | $ 211,000 | $ 138,000 |
| Mecklenburg County North Carolina | 3 | $ 475,000 | $ 158,000 | $ 117,000 |
| Maricopa County Arizona | 2 | $ 580,000 | $ 290,000 | $ 73,000 |
| Cook County Illinois | 2 | $ 160,000 | $ 80,000 | $ 85,000 |
| Waldo County Maine | 2 | $ 290,000 | $ 145,000 | $ 233,000 |
| Queen Anne's County Maryland | 2 | $ 700,000 | $ 350,000 | $ 153,000 |
| Worcester County Maryland | 2 | $ 510,000 | $ 255,000 | $ 91,000 |
| Wake County North Carolina | 2 | $ 600,000 | $ 300,000 | $ 280,000 |
| Fauquier County Virginia | 2 | $ 520,000 | $ 260,000 | $ 123,000 |
| Henrico County Virginia | 2 | $ 730,000 | $ 365,000 | $ 267,000 |
| Montgomery County Virginia | 2 | $ 620,000 | $ 310,000 | $ 141,000 |
| Page County Virginia | 2 | $ 170,000 | $ 85,000 | $ 170,000 |
| Spotsylvania County Virginia | 2 | $ 370,000 | $ 185,000 | $ 122,000 |
| Warren County Virginia | 2 | $ 180,000 | $ 90,000 | $ 54,000 |
| King County Washington | 2 | $ 660,000 | $ 330,000 | $ 344,000 |
| Coconino County Arizona | 1 | $ 235,000 | $ 235,000 | $ 135,000 |
| Pima County Arizona | 1 | $ 175,000 | $ 175,000 | $ 67,000 |
| Boulder County Colorado | 1 | $ 485,000 | $ 485,000 | $ 72,000 |
| Douglas County Colorado | 1 | $ 385,000 | $ 385,000 | $ 105,000 |
| Grand County Colorado | 1 | $ 125,000 | $ 125,000 | $ 230,000 |
| Jefferson County Colorado | 1 | $ 555,000 | $ 555,000 | $ 230,000 |
| Fairfield County Connecticut | 1 | $ 445,000 | $ 445,000 | $ 401,000 |
| Litchfield County Connecticut | 1 | $ 195,000 | $ 195,000 | $ 66,000 |
| New Castle County Delaware | 1 | $ 245,000 | $ 245,000 | $ 92,000 |
| Duval County Florida | 1 | $ 515,000 | $ 515,000 | $ 131,000 |
| Indian River County Florida | 1 | $ 455,000 | $ 455,000 | $ 225,000 |
| Lee County Florida | 1 | $ 165,000 | $ 165,000 | $ 74,000 |
| Pinellas County Florida | 1 | $ 905,000 | $ 905,000 | $ 479,000 |
| Polk County Florida | 1 | $ 275,000 | $ 275,000 | $ 88,000 |
| Sarasota County Florida | 1 | $ 345,000 | $ 345,000 | $ 0 |
| St. Lucie County Florida | 1 | $ 135,000 | $ 135,000 | $ 68,000 |
| Carroll County Georgia | 1 | $ 595,000 | $ 595,000 | $ 0 |
| DuPage County Illinois | 1 | $ 85,000 | $ 85,000 | $ 265,000 |
| Hendricks County Indiana | 1 | $ 225,000 | $ 225,000 | $ 106,000 |
| Fayette County Kentucky | 1 | $ 225,000 | $ 225,000 | $ 0 |
| York County Maine | 1 | $ 155,000 | $ 155,000 | $ 96,000 |
| Carroll County Maryland | 1 | $ 325,000 | $ 325,000 | $ 263,000 |
| Garrett County Maryland | 1 | $ 475,000 | $ 475,000 | $ 545,000 |
| Talbot County Maryland | 1 | $ 165,000 | $ 165,000 | $ 78,000 |
| Barnstable County Massachusetts | 1 | $ 105,000 | $ 105,000 | $ 181,000 |
| Middlesex County Massachusetts | 1 | $ 175,000 | $ 175,000 | $ 208,000 |
| Norfolk County Massachusetts | 1 | $ 425,000 | $ 425,000 | $ 0 |
| Emmet County Michigan | 1 | $ 335,000 | $ 335,000 | $ 498,000 |
| DeKalb County Missouri | 1 | $ 245,000 | $ 245,000 | $ 146,000 |
| St. Louis City County Missouri | 1 | $ 305,000 | $ 305,000 | $ 90,000 |
| Middlesex County New Jersey | 1 | $ 365,000 | $ 365,000 | $ 158,000 |
| San Juan County New Mexico | 1 | $ 65,000 | $ 65,000 | $ 261,000 |
| Santa Fe County New Mexico | 1 | $ 615,000 | $ 615,000 | $ 240,000 |
| Brunswick County North Carolina | 1 | $ 45,000 | $ 45,000 | $ 94,000 |
| Camden County North Carolina | 1 | $ 205,000 | $ 205,000 | $ 0 |
| Catawba County North Carolina | 1 | $ 715,000 | $ 715,000 | $ 265,000 |
| Harnett County North Carolina | 1 | $ 145,000 | $ 145,000 | $ 42,000 |
| Johnston County North Carolina | 1 | $ 175,000 | $ 175,000 | $ 45,000 |
| Nash County North Carolina | 1 | $ 355,000 | $ 355,000 | $ 94,000 |
| Orange County North Carolina | 1 | $ 715,000 | $ 715,000 | $ 0 |
| Pender County North Carolina | 1 | $ 235,000 | $ 235,000 | $ 92,000 |
| Randolph County North Carolina | 1 | $ 375,000 | $ 375,000 | $ 0 |
| Linn County Oregon | 1 | $ 245,000 | $ 245,000 | $ 141,000 |
| Adams County Pennsylvania | 1 | $ 145,000 | $ 145,000 | $ 123,000 |
| Allegheny County Pennsylvania | 1 | $ 125,000 | $ 125,000 | $ 120,000 |
| Chester County Pennsylvania | 1 | $ 195,000 | $ 195,000 | $ 288,000 |
| Cumberland County Pennsylvania | 1 | $ 135,000 | $ 135,000 | $ 239,000 |
| Delaware County Pennsylvania | 1 | $ 1,005,000 | $ 1,005,000 | $ 0 |
| Lehigh County Pennsylvania | 1 | $ 505,000 | $ 505,000 | $ 271,000 |
| Montgomery County Pennsylvania | 1 | $ 1,005,000 | $ 1,005,000 | $ 561,000 |
| Philadelphia County Pennsylvania | 1 | $ 185,000 | $ 185,000 | $ 133,000 |
| York County Pennsylvania | 1 | $ 165,000 | $ 165,000 | $ 88,000 |
| Dorchester County South Carolina | 1 | $ 145,000 | $ 145,000 | $ 55,000 |
| Georgetown County South Carolina | 1 | $ 65,000 | $ 65,000 | $ 94,000 |
| Marion County South Carolina | 1 | $ 125,000 | $ 125,000 | $ 363,000 |
| Shelby County Tennessee | 1 | $ 385,000 | $ 385,000 | $ 201,000 |
| Salt Lake County Utah | 1 | $ 275,000 | $ 275,000 | $ 125,000 |
| Caledonia County Vermont | 1 | $ 45,000 | $ 45,000 | $ 235,000 |
| Campbell County Virginia | 1 | $ 135,000 | $ 135,000 | $ 238,000 |
| Clarke County Virginia | 1 | $ 65,000 | $ 65,000 | $ 153,000 |
| Fairfax City County Virginia | 1 | $ 585,000 | $ 585,000 | $ 115,000 |
| Frederick County Virginia | 1 | $ 215,000 | $ 215,000 | $ 146,000 |
| Greene County Virginia | 1 | $ 365,000 | $ 365,000 | $ 291,000 |
| James City County Virginia | 1 | $ 435,000 | $ 435,000 | $ 140,000 |
| King George County Virginia | 1 | $ 165,000 | $ 165,000 | $ 75,000 |
| Lynchburg County Virginia | 1 | $ 125,000 | $ 125,000 | $ 69,000 |
| Manassas County Virginia | 1 | $ 35,000 | $ 35,000 | $ 145,000 |
| Newport News County Virginia | 1 | $ 225,000 | $ 225,000 | $ 0 |
| Orange County Virginia | 1 | $ 345,000 | $ 345,000 | $ 116,000 |
| Rappahannock County Virginia | 1 | $ 185,000 | $ 185,000 | $ 166,000 |
| Salem County Virginia | 1 | $ 285,000 | $ 285,000 | $ 113,000 |
| Shenandoah County Virginia | 1 | $ 85,000 | $ 85,000 | $ 415,000 |
| Virginia Beach County Virginia | 1 | $ 75,000 | $ 75,000 | $ 33,000 |
| Jefferson County West Virginia | 1 | $ 155,000 | $ 155,000 | $ 75,000 |
| Tucker County West Virginia | 1 | $ 185,000 | $ 185,000 | $ 237,000 |
Mortgage Loan Application Detail Totals for Spectra Credit Union in 2020
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 | 164 | $49,720,000 | $303,000 | $1,005,000 | $158,000 | $545,000 |
| Cash-out Refinancing | 119 | $34,445,000 | $289,000 | $1,005,000 | $151,000 | $561,000 |
| Home Purchase | 80 | $20,980,000 | $262,000 | $905,000 | $144,000 | $479,000 |
| Other Purpose | 35 | $2,475,000 | $70,000 | $155,000 | $161,000 | $415,000 |
| 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 |
|---|---|---|---|---|---|---|
| White | 217 | $62,315,000 | $287,000 | $1,005,000 | $167,000 | $561,000 |
| Black or African American | 74 | $16,510,000 | $223,000 | $565,000 | $116,000 | $339,000 |
| Not Provided | 62 | $16,980,000 | $273,000 | $915,000 | $167,000 | $479,000 |
| Asian | 22 | $5,830,000 | $265,000 | $465,000 | $149,000 | $498,000 |
| Hispanic | 9 | $2,445,000 | $271,000 | $495,000 | $123,000 | $237,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $995,000 | $331,000 | $395,000 | $91,000 | $113,000 |
| American Indian or Alaskan Native | 3 | $975,000 | $325,000 | $375,000 | $101,000 | $115,000 |
| 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) | 398 | $107,620,000 | $270,000 | $1,005,000 | $153,000 | $561,000 |
| 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 | 358 | $98,890,000 | $276,000 | $1,005,000 | $160,000 | $561,000 |
| Application Denied By Financial Institution | 24 | $4,130,000 | $172,000 | $415,000 | $90,000 | $305,000 |
| Application Withdrawn By Applicant | 8 | $2,690,000 | $336,000 | $695,000 | $160,000 | $263,000 |
| Preapproval Denied by Financial Institution | 7 | $1,735,000 | $247,000 | $485,000 | $65,000 | $102,000 |
| Preapproval Approved but not Accepted | 1 | $175,000 | $175,000 | $175,000 | $89,000 | $89,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 367 | $101,755,000 | $277,000 | $1,005,000 | $160,000 | $561,000 |
| Credit History | 14 | $2,610,000 | $186,000 | $415,000 | $68,000 | $175,000 |
| Debt-To-Income Ratio | 6 | $1,650,000 | $275,000 | $485,000 | $68,000 | $102,000 |
| Collateral | 5 | $955,000 | $191,000 | $325,000 | $88,000 | $145,000 |
| Other | 3 | $295,000 | $98,000 | $175,000 | $212,000 | $305,000 |
| Employment History | 2 | $160,000 | $80,000 | $155,000 | $60,000 | $121,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $195,000 | $195,000 | $195,000 | $65,000 | $65,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Spectra Credit Union's 2020 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.
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with aggregated HMDA statistics today.