Spectra Credit Union
HMDA Loan Application Totals
and Mortgage Lending Details
for 2021
Spectra Credit Union 2021 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 | 424 |
| Total Mortgage Loan Application Amount | $111,650,000 |
| Average Mortgage Loan Application Amount | $239,750 |
| Highest Mortgage Loan Application Amount | $1,005,000 |
| Average Applicant Income | $161,250 |
| Highest Applicant Income | $5,354,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2021 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 2021 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 2021.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Prince George's County Maryland | 49 | $ 11,485,000 | $ 234,000 | $ 118,000 |
| Charles County Maryland | 35 | $ 6,375,000 | $ 182,000 | $ 126,000 |
| Fairfax County Virginia | 35 | $ 10,515,000 | $ 300,000 | $ 163,000 |
| Prince William County Virginia | 18 | $ 5,890,000 | $ 327,000 | $ 205,000 |
| Montgomery County Maryland | 13 | $ 3,755,000 | $ 288,000 | $ 188,000 |
| Anne Arundel County Maryland | 9 | $ 2,415,000 | $ 268,000 | $ 134,000 |
| Loudoun County Virginia | 9 | $ 2,445,000 | $ 271,000 | $ 195,000 |
| District of Columbia County District Of Columbia | 8 | $ 2,190,000 | $ 273,000 | $ 185,000 |
| Howard County Maryland | 8 | $ 1,340,000 | $ 167,000 | $ 185,000 |
| Arlington County Virginia | 6 | $ 2,520,000 | $ 420,000 | $ 142,000 |
| Calvert County Maryland | 5 | $ 1,775,000 | $ 355,000 | $ 119,000 |
| St. Mary's County Maryland | 4 | $ 730,000 | $ 182,000 | $ 146,000 |
| Palm Beach County Florida | 3 | $ 435,000 | $ 145,000 | $ 122,000 |
| Baltimore City County Maryland | 3 | $ 395,000 | $ 131,000 | $ 76,000 |
| Carroll County Maryland | 3 | $ 495,000 | $ 165,000 | $ 175,000 |
| Henrico County Virginia | 3 | $ 365,000 | $ 121,000 | $ 72,000 |
| Stafford County Virginia | 3 | $ 275,000 | $ 91,000 | $ 86,000 |
| Sussex County Delaware | 2 | $ 490,000 | $ 245,000 | $ 270,000 |
| Frederick County Maryland | 2 | $ 800,000 | $ 400,000 | $ 101,000 |
| Bernalillo County New Mexico | 2 | $ 410,000 | $ 205,000 | $ 127,000 |
| Santa Fe County New Mexico | 2 | $ 360,000 | $ 180,000 | $ 220,000 |
| Monroe County New York | 2 | $ 210,000 | $ 105,000 | $ 108,000 |
| Hamilton County Ohio | 2 | $ 850,000 | $ 425,000 | $ 708,000 |
| Adams County Pennsylvania | 2 | $ 310,000 | $ 155,000 | $ 88,000 |
| Alexandria County Virginia | 2 | $ 420,000 | $ 210,000 | $ 104,000 |
| Broomfield County Colorado | 1 | $ 395,000 | $ 395,000 | $ 200,000 |
| Douglas County Colorado | 1 | $ 85,000 | $ 85,000 | $ 46,000 |
| Larimer County Colorado | 1 | $ 105,000 | $ 105,000 | $ 165,000 |
| Routt County Colorado | 1 | $ 165,000 | $ 165,000 | $ 0 |
| Tolland County Connecticut | 1 | $ 135,000 | $ 135,000 | $ 206,000 |
| Brevard County Florida | 1 | $ 205,000 | $ 205,000 | $ 135,000 |
| Holmes County Florida | 1 | $ 295,000 | $ 295,000 | $ 84,000 |
| Indian River County Florida | 1 | $ 525,000 | $ 525,000 | $ 250,000 |
| Lake County Florida | 1 | $ 255,000 | $ 255,000 | $ 130,000 |
| Miami-Dade County Florida | 1 | $ 35,000 | $ 35,000 | $ 153,000 |
| Seminole County Florida | 1 | $ 315,000 | $ 315,000 | $ 83,000 |
| Fulton County Georgia | 1 | $ 505,000 | $ 505,000 | $ 130,000 |
| Tippecanoe County Indiana | 1 | $ 55,000 | $ 55,000 | $ 0 |
| Johnson County Kansas | 1 | $ 145,000 | $ 145,000 | $ 93,000 |
| Calcasieu County Louisiana | 1 | $ 175,000 | $ 175,000 | $ 116,000 |
| Orleans County Louisiana | 1 | $ 295,000 | $ 295,000 | $ 269,000 |
| Queen Anne's County Maryland | 1 | $ 845,000 | $ 845,000 | $ 289,000 |
| Worcester County Maryland | 1 | $ 335,000 | $ 335,000 | $ 269,000 |
| Macomb County Michigan | 1 | $ 175,000 | $ 175,000 | $ 220,000 |
| Oakland County Michigan | 1 | $ 15,000 | $ 15,000 | $ 111,000 |
| Washington County Minnesota | 1 | $ 395,000 | $ 395,000 | $ 139,000 |
| Madison County Mississippi | 1 | $ 55,000 | $ 55,000 | $ 121,000 |
| Washoe County Nevada | 1 | $ 295,000 | $ 295,000 | $ 127,000 |
| Rockingham County New Hampshire | 1 | $ 305,000 | $ 305,000 | $ 64,000 |
| Passaic County New Jersey | 1 | $ 235,000 | $ 235,000 | $ 81,000 |
| Union County New Jersey | 1 | $ 85,000 | $ 85,000 | $ 195,000 |
| Saratoga County New York | 1 | $ 215,000 | $ 215,000 | $ 81,000 |
| Suffolk County New York | 1 | $ 355,000 | $ 355,000 | $ 111,000 |
| Alleghany County North Carolina | 1 | $ 85,000 | $ 85,000 | $ 54,000 |
| Brunswick County North Carolina | 1 | $ 175,000 | $ 175,000 | $ 62,000 |
| Craven County North Carolina | 1 | $ 35,000 | $ 35,000 | $ 117,000 |
| Dare County North Carolina | 1 | $ 425,000 | $ 425,000 | $ 343,000 |
| Granville County North Carolina | 1 | $ 295,000 | $ 295,000 | $ 145,000 |
| Guilford County North Carolina | 1 | $ 15,000 | $ 15,000 | $ 0 |
| Lenoir County North Carolina | 1 | $ 145,000 | $ 145,000 | $ 97,000 |
| Lincoln County North Carolina | 1 | $ 545,000 | $ 545,000 | $ 230,000 |
| Mecklenburg County North Carolina | 1 | $ 225,000 | $ 225,000 | $ 178,000 |
| New Hanover County North Carolina | 1 | $ 235,000 | $ 235,000 | $ 57,000 |
| Orange County North Carolina | 1 | $ 155,000 | $ 155,000 | $ 85,000 |
| Pamlico County North Carolina | 1 | $ 225,000 | $ 225,000 | $ 172,000 |
| Pender County North Carolina | 1 | $ 25,000 | $ 25,000 | $ 89,000 |
| Rowan County North Carolina | 1 | $ 45,000 | $ 45,000 | $ 195,000 |
| Rutherford County North Carolina | 1 | $ 125,000 | $ 125,000 | $ 109,000 |
| Wake County North Carolina | 1 | $ 45,000 | $ 45,000 | $ 184,000 |
| Clark County Ohio | 1 | $ 35,000 | $ 35,000 | $ 94,000 |
| Cuyahoga County Ohio | 1 | $ 25,000 | $ 25,000 | $ 73,000 |
| Franklin County Ohio | 1 | $ 25,000 | $ 25,000 | $ 49,000 |
| Warren County Ohio | 1 | $ 45,000 | $ 45,000 | $ 176,000 |
| Linn County Oregon | 1 | $ 185,000 | $ 185,000 | $ 123,000 |
| Centre County Pennsylvania | 1 | $ 675,000 | $ 675,000 | $ 274,000 |
| York County Pennsylvania | 1 | $ 175,000 | $ 175,000 | $ 0 |
| Charleston County South Carolina | 1 | $ 225,000 | $ 225,000 | $ 314,000 |
| Dorchester County South Carolina | 1 | $ 185,000 | $ 185,000 | $ 55,000 |
| Greenville County South Carolina | 1 | $ 215,000 | $ 215,000 | $ 74,000 |
| Knox County Tennessee | 1 | $ 385,000 | $ 385,000 | $ 171,000 |
| Weber County Utah | 1 | $ 305,000 | $ 305,000 | $ 158,000 |
| Albemarle County Virginia | 1 | $ 365,000 | $ 365,000 | $ 472,000 |
| Caroline County Virginia | 1 | $ 65,000 | $ 65,000 | $ 97,000 |
| Culpeper County Virginia | 1 | $ 375,000 | $ 375,000 | $ 194,000 |
| Fauquier County Virginia | 1 | $ 35,000 | $ 35,000 | $ 77,000 |
| James City County Virginia | 1 | $ 135,000 | $ 135,000 | $ 71,000 |
| Madison County Virginia | 1 | $ 275,000 | $ 275,000 | $ 326,000 |
| Montgomery County Virginia | 1 | $ 565,000 | $ 565,000 | $ 0 |
| Powhatan County Virginia | 1 | $ 75,000 | $ 75,000 | $ 181,000 |
| Richmond City County Virginia | 1 | $ 385,000 | $ 385,000 | $ 178,000 |
| Shenandoah County Virginia | 1 | $ 215,000 | $ 215,000 | $ 255,000 |
| Warren County Virginia | 1 | $ 135,000 | $ 135,000 | $ 0 |
| King County Washington | 1 | $ 205,000 | $ 205,000 | $ 203,000 |
| Kitsap County Washington | 1 | $ 355,000 | $ 355,000 | $ 267,000 |
| Hampshire County West Virginia | 1 | $ 55,000 | $ 55,000 | $ 135,000 |
Mortgage Loan Application Detail Totals for Spectra Credit Union in 2021
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 |
|---|---|---|---|---|---|---|
| Home Purchase | 156 | $47,830,000 | $306,000 | $1,005,000 | $221,000 | $5,354,000 |
| Refinancing | 113 | $32,655,000 | $288,000 | $915,000 | $147,000 | $479,000 |
| Cash-out Refinancing | 89 | $27,245,000 | $306,000 | $825,000 | $149,000 | $472,000 |
| Other Purpose | 66 | $3,920,000 | $59,000 | $165,000 | $128,000 | $409,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 203 | $55,465,000 | $273,000 | $915,000 | $196,000 | $5,354,000 |
| Black or African American | 91 | $21,925,000 | $240,000 | $695,000 | $106,000 | $300,000 |
| Not Provided | 77 | $19,755,000 | $256,000 | $785,000 | $159,000 | $344,000 |
| Asian | 28 | $8,670,000 | $309,000 | $805,000 | $150,000 | $395,000 |
| Hispanic | 20 | $3,790,000 | $189,000 | $525,000 | $136,000 | $479,000 |
| American Indian or Alaskan Native | 1 | $335,000 | $335,000 | $335,000 | $123,000 | $123,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 424 | $111,650,000 | $263,000 | $1,005,000 | $163,000 | $5,354,000 |
| 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 | 286 | $68,020,000 | $237,000 | $1,005,000 | $155,000 | $997,000 |
| Application Withdrawn By Applicant | 82 | $28,560,000 | $348,000 | $845,000 | $241,000 | $5,354,000 |
| Application Denied By Financial Institution | 50 | $13,120,000 | $262,000 | $915,000 | $101,000 | $287,000 |
| Preapproval Denied by Financial Institution | 5 | $1,625,000 | $325,000 | $455,000 | $123,000 | $159,000 |
| File Closed For Incompleteness | 1 | $325,000 | $325,000 | $325,000 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval 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 | 369 | $96,905,000 | $262,000 | $1,005,000 | $171,000 | $5,354,000 |
| Credit History | 31 | $8,185,000 | $264,000 | $765,000 | $116,000 | $287,000 |
| Debt-To-Income Ratio | 15 | $3,485,000 | $232,000 | $915,000 | $69,000 | $210,000 |
| Collateral | 3 | $975,000 | $325,000 | $565,000 | $155,000 | $194,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $1,405,000 | $468,000 | $725,000 | $163,000 | $163,000 |
| Other | 1 | $175,000 | $175,000 | $175,000 | $48,000 | $48,000 |
| Unverifiable Information | 1 | $205,000 | $205,000 | $205,000 | $95,000 | $95,000 |
| Credit Application Incomplete | 1 | $315,000 | $315,000 | $315,000 | $0 | $0 |
| Employment History | 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 2021 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.