Spectra Credit Union
HMDA Loan Application Totals
and Mortgage Lending Details
for 2022
Spectra Credit Union 2022 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 | 979 |
| Total Mortgage Loan Application Amount | $185,975,000 |
| Average Mortgage Loan Application Amount | $205,600 |
| Highest Mortgage Loan Application Amount | $1,005,000 |
| Average Applicant Income | $154,400 |
| Highest Applicant Income | $6,246,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2022 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 2022 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 2022.
| 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 | 113 | $ 32,095,000 | $ 284,000 | $ 262,000 |
| Charles County Maryland | 61 | $ 10,595,000 | $ 173,000 | $ 128,000 |
| Prince George's County Maryland | 61 | $ 11,155,000 | $ 182,000 | $ 137,000 |
| District of Columbia County District Of Columbia | 59 | $ 11,745,000 | $ 199,000 | $ 253,000 |
| Loudoun County Virginia | 57 | $ 13,785,000 | $ 241,000 | $ 258,000 |
| Montgomery County Maryland | 48 | $ 13,400,000 | $ 279,000 | $ 255,000 |
| Prince William County Virginia | 42 | $ 6,510,000 | $ 155,000 | $ 367,000 |
| Howard County Maryland | 31 | $ 8,295,000 | $ 267,000 | $ 213,000 |
| Anne Arundel County Maryland | 22 | $ 2,790,000 | $ 126,000 | $ 175,000 |
| Calvert County Maryland | 18 | $ 2,520,000 | $ 140,000 | $ 135,000 |
| Worcester County Maryland | 15 | $ 2,295,000 | $ 153,000 | $ 265,000 |
| Arlington County Virginia | 15 | $ 3,495,000 | $ 233,000 | $ 255,000 |
| Baltimore County Maryland | 13 | $ 2,065,000 | $ 158,000 | $ 192,000 |
| Alexandria County Virginia | 13 | $ 3,235,000 | $ 248,000 | $ 262,000 |
| Sussex County Delaware | 11 | $ 2,715,000 | $ 246,000 | $ 259,000 |
| St. Mary's County Maryland | 11 | $ 2,165,000 | $ 196,000 | $ 200,000 |
| Stafford County Virginia | 10 | $ 1,470,000 | $ 147,000 | $ 157,000 |
| Warren County Ohio | 9 | $ 755,000 | $ 83,000 | $ 171,000 |
| Frederick County Maryland | 8 | $ 1,120,000 | $ 140,000 | $ 254,000 |
| Maricopa County Arizona | 7 | $ 1,105,000 | $ 157,000 | $ 171,000 |
| Baltimore City County Maryland | 7 | $ 1,055,000 | $ 150,000 | $ 165,000 |
| Dare County North Carolina | 7 | $ 725,000 | $ 103,000 | $ 139,000 |
| Hamilton County Ohio | 7 | $ 805,000 | $ 115,000 | $ 198,000 |
| Currituck County North Carolina | 6 | $ 1,340,000 | $ 223,000 | $ 332,000 |
| Butler County Ohio | 6 | $ 470,000 | $ 78,000 | $ 96,000 |
| Cuyahoga County Ohio | 6 | $ 1,740,000 | $ 290,000 | $ 173,000 |
| Cape May County New Jersey | 5 | $ 1,545,000 | $ 309,000 | $ 380,000 |
| Horry County South Carolina | 5 | $ 745,000 | $ 149,000 | $ 239,000 |
| Spotsylvania County Virginia | 5 | $ 615,000 | $ 123,000 | $ 129,000 |
| Manatee County Florida | 4 | $ 590,000 | $ 147,000 | $ 144,000 |
| Fulton County Georgia | 4 | $ 740,000 | $ 185,000 | $ 149,000 |
| Gwinnett County Georgia | 4 | $ 670,000 | $ 167,000 | $ 92,000 |
| Harford County Maryland | 4 | $ 730,000 | $ 182,000 | $ 181,000 |
| York County Pennsylvania | 4 | $ 300,000 | $ 75,000 | $ 100,000 |
| Lee County Florida | 3 | $ 225,000 | $ 75,000 | $ 82,000 |
| Sarasota County Florida | 3 | $ 635,000 | $ 211,000 | $ 161,000 |
| Seminole County Florida | 3 | $ 315,000 | $ 105,000 | $ 161,000 |
| Cobb County Georgia | 3 | $ 525,000 | $ 175,000 | $ 121,000 |
| Cook County Illinois | 3 | $ 435,000 | $ 145,000 | $ 201,000 |
| Queen Anne's County Maryland | 3 | $ 555,000 | $ 185,000 | $ 1,006,000 |
| St. Charles County Missouri | 3 | $ 285,000 | $ 95,000 | $ 155,000 |
| Clark County Nevada | 3 | $ 405,000 | $ 135,000 | $ 163,000 |
| Union County North Carolina | 3 | $ 365,000 | $ 121,000 | $ 141,000 |
| Clermont County Ohio | 3 | $ 155,000 | $ 51,000 | $ 106,000 |
| Montgomery County Ohio | 3 | $ 205,000 | $ 68,000 | $ 71,000 |
| Montgomery County Pennsylvania | 3 | $ 265,000 | $ 88,000 | $ 131,000 |
| Hamilton County Tennessee | 3 | $ 425,000 | $ 141,000 | $ 107,000 |
| Fauquier County Virginia | 3 | $ 625,000 | $ 208,000 | $ 278,000 |
| Westmoreland County Virginia | 3 | $ 695,000 | $ 231,000 | $ 244,000 |
| Coconino County Arizona | 2 | $ 1,450,000 | $ 725,000 | $ 339,000 |
| Pima County Arizona | 2 | $ 190,000 | $ 95,000 | $ 88,000 |
| Brevard County Florida | 2 | $ 130,000 | $ 65,000 | $ 212,000 |
| Broward County Florida | 2 | $ 170,000 | $ 85,000 | $ 193,000 |
| Hillsborough County Florida | 2 | $ 140,000 | $ 70,000 | $ 129,000 |
| Marion County Florida | 2 | $ 120,000 | $ 60,000 | $ 156,000 |
| Miami-Dade County Florida | 2 | $ 150,000 | $ 75,000 | $ 85,000 |
| Palm Beach County Florida | 2 | $ 120,000 | $ 60,000 | $ 137,000 |
| Pinellas County Florida | 2 | $ 170,000 | $ 85,000 | $ 109,000 |
| Santa Rosa County Florida | 2 | $ 420,000 | $ 210,000 | $ 158,000 |
| Volusia County Florida | 2 | $ 270,000 | $ 135,000 | $ 114,000 |
| Paulding County Georgia | 2 | $ 210,000 | $ 105,000 | $ 117,000 |
| Will County Illinois | 2 | $ 90,000 | $ 45,000 | $ 129,000 |
| Huntington County Indiana | 2 | $ 90,000 | $ 45,000 | $ 78,000 |
| Tippecanoe County Indiana | 2 | $ 360,000 | $ 180,000 | $ 105,000 |
| Campbell County Kentucky | 2 | $ 270,000 | $ 135,000 | $ 135,000 |
| Carroll County Maryland | 2 | $ 250,000 | $ 125,000 | $ 133,000 |
| Bristol County Massachusetts | 2 | $ 330,000 | $ 165,000 | $ 138,000 |
| Washoe County Nevada | 2 | $ 140,000 | $ 70,000 | $ 85,000 |
| Hudson County New Jersey | 2 | $ 210,000 | $ 105,000 | $ 180,000 |
| San Juan County New Mexico | 2 | $ 300,000 | $ 150,000 | $ 257,000 |
| Forsyth County North Carolina | 2 | $ 180,000 | $ 90,000 | $ 111,000 |
| Guilford County North Carolina | 2 | $ 450,000 | $ 225,000 | $ 285,000 |
| Johnston County North Carolina | 2 | $ 60,000 | $ 30,000 | $ 90,000 |
| Orange County North Carolina | 2 | $ 490,000 | $ 245,000 | $ 48,000 |
| Greene County Ohio | 2 | $ 150,000 | $ 75,000 | $ 171,000 |
| Summit County Ohio | 2 | $ 180,000 | $ 90,000 | $ 154,000 |
| Adams County Pennsylvania | 2 | $ 540,000 | $ 270,000 | $ 155,000 |
| Allegheny County Pennsylvania | 2 | $ 150,000 | $ 75,000 | $ 68,000 |
| Lehigh County Pennsylvania | 2 | $ 560,000 | $ 280,000 | $ 253,000 |
| Northampton County Pennsylvania | 2 | $ 410,000 | $ 205,000 | $ 152,000 |
| Wayne County Pennsylvania | 2 | $ 190,000 | $ 95,000 | $ 92,000 |
| Beaufort County South Carolina | 2 | $ 560,000 | $ 280,000 | $ 461,000 |
| Charleston County South Carolina | 2 | $ 610,000 | $ 305,000 | $ 76,000 |
| Chesterfield County Virginia | 2 | $ 90,000 | $ 45,000 | $ 72,000 |
| Falls Church County Virginia | 2 | $ 730,000 | $ 365,000 | $ 93,000 |
| Frederick County Virginia | 2 | $ 880,000 | $ 440,000 | $ 135,000 |
| Henrico County Virginia | 2 | $ 280,000 | $ 140,000 | $ 141,000 |
| James City County Virginia | 2 | $ 80,000 | $ 40,000 | $ 102,000 |
| Louisa County Virginia | 2 | $ 300,000 | $ 150,000 | $ 480,000 |
| Orange County Virginia | 2 | $ 100,000 | $ 50,000 | $ 129,000 |
| Virginia Beach County Virginia | 2 | $ 530,000 | $ 265,000 | $ 113,000 |
| Warren County Virginia | 2 | $ 270,000 | $ 135,000 | $ 243,000 |
| Winchester County Virginia | 2 | $ 670,000 | $ 335,000 | $ 245,000 |
| Jefferson County West Virginia | 2 | $ 180,000 | $ 90,000 | $ 260,000 |
| Yuma County Arizona | 1 | $ 35,000 | $ 35,000 | $ 111,000 |
| Tehama County California | 1 | $ 75,000 | $ 75,000 | $ 58,000 |
| Arapahoe County Colorado | 1 | $ 105,000 | $ 105,000 | $ 113,000 |
| Broomfield County Colorado | 1 | $ 65,000 | $ 65,000 | $ 201,000 |
| Douglas County Colorado | 1 | $ 35,000 | $ 35,000 | $ 203,000 |
| Eagle County Colorado | 1 | $ 145,000 | $ 145,000 | $ 120,000 |
| Jefferson County Colorado | 1 | $ 35,000 | $ 35,000 | $ 211,000 |
| Mesa County Colorado | 1 | $ 55,000 | $ 55,000 | $ 33,000 |
| Pueblo County Colorado | 1 | $ 95,000 | $ 95,000 | $ 58,000 |
| Weld County Colorado | 1 | $ 555,000 | $ 555,000 | $ 131,000 |
| Litchfield County Connecticut | 1 | $ 405,000 | $ 405,000 | $ 128,000 |
| Alachua County Florida | 1 | $ 55,000 | $ 55,000 | $ 119,000 |
| Bay County Florida | 1 | $ 105,000 | $ 105,000 | $ 218,000 |
| Charlotte County Florida | 1 | $ 75,000 | $ 75,000 | $ 95,000 |
| Duval County Florida | 1 | $ 75,000 | $ 75,000 | $ 305,000 |
| Escambia County Florida | 1 | $ 155,000 | $ 155,000 | $ 121,000 |
| Hernando County Florida | 1 | $ 85,000 | $ 85,000 | $ 118,000 |
| Indian River County Florida | 1 | $ 115,000 | $ 115,000 | $ 257,000 |
| Lake County Florida | 1 | $ 365,000 | $ 365,000 | $ 1,204,000 |
| Martin County Florida | 1 | $ 325,000 | $ 325,000 | $ 135,000 |
| Orange County Florida | 1 | $ 175,000 | $ 175,000 | $ 196,000 |
| Osceola County Florida | 1 | $ 75,000 | $ 75,000 | $ 178,000 |
| Pasco County Florida | 1 | $ 255,000 | $ 255,000 | $ 241,000 |
| St. Johns County Florida | 1 | $ 25,000 | $ 25,000 | $ 90,000 |
| St. Lucie County Florida | 1 | $ 75,000 | $ 75,000 | $ 203,000 |
| Walton County Florida | 1 | $ 155,000 | $ 155,000 | $ 115,000 |
| Banks County Georgia | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Catoosa County Georgia | 1 | $ 35,000 | $ 35,000 | $ 272,000 |
| Chatham County Georgia | 1 | $ 135,000 | $ 135,000 | $ 110,000 |
| Cherokee County Georgia | 1 | $ 145,000 | $ 145,000 | $ 231,000 |
| Clarke County Georgia | 1 | $ 15,000 | $ 15,000 | $ 116,000 |
| Clayton County Georgia | 1 | $ 25,000 | $ 25,000 | $ 82,000 |
| Fayette County Georgia | 1 | $ 255,000 | $ 255,000 | $ 157,000 |
| Glynn County Georgia | 1 | $ 205,000 | $ 205,000 | $ 128,000 |
| Hall County Georgia | 1 | $ 65,000 | $ 65,000 | $ 63,000 |
| Monroe County Georgia | 1 | $ 35,000 | $ 35,000 | $ 95,000 |
| Rockdale County Georgia | 1 | $ 375,000 | $ 375,000 | $ 137,000 |
| Towns County Georgia | 1 | $ 105,000 | $ 105,000 | $ 52,000 |
| Turner County Georgia | 1 | $ 25,000 | $ 25,000 | $ 74,000 |
| McHenry County Illinois | 1 | $ 75,000 | $ 75,000 | $ 60,000 |
| Allen County Indiana | 1 | $ 55,000 | $ 55,000 | $ 73,000 |
| Dearborn County Indiana | 1 | $ 55,000 | $ 55,000 | $ 84,000 |
| Hendricks County Indiana | 1 | $ 85,000 | $ 85,000 | $ 98,000 |
| Henry County Indiana | 1 | $ 25,000 | $ 25,000 | $ 52,000 |
| LaPorte County Indiana | 1 | $ 85,000 | $ 85,000 | $ 92,000 |
| Shelby County Indiana | 1 | $ 55,000 | $ 55,000 | $ 58,000 |
| Tipton County Indiana | 1 | $ 85,000 | $ 85,000 | $ 69,000 |
| Jefferson County Louisiana | 1 | $ 125,000 | $ 125,000 | $ 319,000 |
| Cecil County Maryland | 1 | $ 75,000 | $ 75,000 | $ 128,000 |
| Dorchester County Maryland | 1 | $ 165,000 | $ 165,000 | $ 541,000 |
| Washington County Maryland | 1 | $ 95,000 | $ 95,000 | $ 168,000 |
| Wicomico County Maryland | 1 | $ 65,000 | $ 65,000 | $ 99,000 |
| Barnstable County Massachusetts | 1 | $ 395,000 | $ 395,000 | $ 235,000 |
| Hampden County Massachusetts | 1 | $ 45,000 | $ 45,000 | $ 65,000 |
| Plymouth County Massachusetts | 1 | $ 95,000 | $ 95,000 | $ 196,000 |
| Suffolk County Massachusetts | 1 | $ 135,000 | $ 135,000 | $ 160,000 |
| Oakland County Michigan | 1 | $ 135,000 | $ 135,000 | $ 155,000 |
| Van Buren County Michigan | 1 | $ 155,000 | $ 155,000 | $ 128,000 |
| Wayne County Michigan | 1 | $ 105,000 | $ 105,000 | $ 652,000 |
| Harrison County Mississippi | 1 | $ 85,000 | $ 85,000 | $ 392,000 |
| Madison County Mississippi | 1 | $ 305,000 | $ 305,000 | $ 24,000 |
| Benton County Missouri | 1 | $ 25,000 | $ 25,000 | $ 71,000 |
| Clay County Missouri | 1 | $ 125,000 | $ 125,000 | $ 89,000 |
| Jasper County Missouri | 1 | $ 105,000 | $ 105,000 | $ 93,000 |
| Lafayette County Missouri | 1 | $ 65,000 | $ 65,000 | $ 129,000 |
| Shelby County Missouri | 1 | $ 75,000 | $ 75,000 | $ 53,000 |
| St. Louis County Missouri | 1 | $ 115,000 | $ 115,000 | $ 85,000 |
| Atlantic County New Jersey | 1 | $ 35,000 | $ 35,000 | $ 216,000 |
| Bergen County New Jersey | 1 | $ 105,000 | $ 105,000 | $ 360,000 |
| Burlington County New Jersey | 1 | $ 205,000 | $ 205,000 | $ 191,000 |
| Mercer County New Jersey | 1 | $ 105,000 | $ 105,000 | $ 280,000 |
| Middlesex County New Jersey | 1 | $ 155,000 | $ 155,000 | $ 199,000 |
| Morris County New Jersey | 1 | $ 155,000 | $ 155,000 | $ 335,000 |
| Passaic County New Jersey | 1 | $ 55,000 | $ 55,000 | $ 126,000 |
| Santa Fe County New Mexico | 1 | $ 205,000 | $ 205,000 | $ 119,000 |
| Monroe County New York | 1 | $ 25,000 | $ 25,000 | $ 57,000 |
| Rockland County New York | 1 | $ 135,000 | $ 135,000 | $ 248,000 |
| Saratoga County New York | 1 | $ 75,000 | $ 75,000 | $ 252,000 |
| Brunswick County North Carolina | 1 | $ 65,000 | $ 65,000 | $ 66,000 |
| Catawba County North Carolina | 1 | $ 155,000 | $ 155,000 | $ 286,000 |
| Craven County North Carolina | 1 | $ 35,000 | $ 35,000 | $ 79,000 |
| Davidson County North Carolina | 1 | $ 165,000 | $ 165,000 | $ 102,000 |
| Davie County North Carolina | 1 | $ 95,000 | $ 95,000 | $ 147,000 |
| Durham County North Carolina | 1 | $ 355,000 | $ 355,000 | $ 86,000 |
| Franklin County North Carolina | 1 | $ 85,000 | $ 85,000 | $ 212,000 |
| Gaston County North Carolina | 1 | $ 225,000 | $ 225,000 | $ 131,000 |
| Harnett County North Carolina | 1 | $ 55,000 | $ 55,000 | $ 33,000 |
| Haywood County North Carolina | 1 | $ 85,000 | $ 85,000 | $ 169,000 |
| Iredell County North Carolina | 1 | $ 95,000 | $ 95,000 | $ 118,000 |
| Jackson County North Carolina | 1 | $ 125,000 | $ 125,000 | $ 82,000 |
| McDowell County North Carolina | 1 | $ 505,000 | $ 505,000 | $ 1,864,000 |
| Mecklenburg County North Carolina | 1 | $ 55,000 | $ 55,000 | $ 96,000 |
| New Hanover County North Carolina | 1 | $ 85,000 | $ 85,000 | $ 110,000 |
| Onslow County North Carolina | 1 | $ 215,000 | $ 215,000 | $ 344,000 |
| Rutherford County North Carolina | 1 | $ 75,000 | $ 75,000 | $ 205,000 |
| Tyrrell County North Carolina | 1 | $ 55,000 | $ 55,000 | $ 125,000 |
| Wake County North Carolina | 1 | $ 255,000 | $ 255,000 | $ 206,000 |
| Lorain County Ohio | 1 | $ 55,000 | $ 55,000 | $ 107,000 |
| Lucas County Ohio | 1 | $ 55,000 | $ 55,000 | $ 160,000 |
| Medina County Ohio | 1 | $ 165,000 | $ 165,000 | $ 144,000 |
| Miami County Ohio | 1 | $ 95,000 | $ 95,000 | $ 175,000 |
| Morrow County Ohio | 1 | $ 25,000 | $ 25,000 | $ 60,000 |
| Stark County Ohio | 1 | $ 85,000 | $ 85,000 | $ 96,000 |
| Union County Ohio | 1 | $ 165,000 | $ 165,000 | $ 180,000 |
| Wood County Ohio | 1 | $ 35,000 | $ 35,000 | $ 69,000 |
| Benton County Oregon | 1 | $ 205,000 | $ 205,000 | $ 139,000 |
| Linn County Oregon | 1 | $ 345,000 | $ 345,000 | $ 163,000 |
| Berks County Pennsylvania | 1 | $ 55,000 | $ 55,000 | $ 94,000 |
| Bucks County Pennsylvania | 1 | $ 175,000 | $ 175,000 | $ 360,000 |
| Chester County Pennsylvania | 1 | $ 75,000 | $ 75,000 | $ 219,000 |
| Cumberland County Pennsylvania | 1 | $ 35,000 | $ 35,000 | $ 60,000 |
| Delaware County Pennsylvania | 1 | $ 105,000 | $ 105,000 | $ 79,000 |
| Luzerne County Pennsylvania | 1 | $ 55,000 | $ 55,000 | $ 125,000 |
| Philadelphia County Pennsylvania | 1 | $ 55,000 | $ 55,000 | $ 43,000 |
| Schuylkill County Pennsylvania | 1 | $ 65,000 | $ 65,000 | $ 260,000 |
| Kent County Rhode Island | 1 | $ 105,000 | $ 105,000 | $ 107,000 |
| Richland County South Carolina | 1 | $ 65,000 | $ 65,000 | $ 127,000 |
| Blount County Tennessee | 1 | $ 55,000 | $ 55,000 | $ 51,000 |
| Bradley County Tennessee | 1 | $ 285,000 | $ 285,000 | $ 151,000 |
| DeKalb County Tennessee | 1 | $ 225,000 | $ 225,000 | $ 475,000 |
| Shelby County Tennessee | 1 | $ 75,000 | $ 75,000 | $ 27,000 |
| Salt Lake County Utah | 1 | $ 35,000 | $ 35,000 | $ 135,000 |
| Appomattox County Virginia | 1 | $ 325,000 | $ 325,000 | $ 47,000 |
| Caroline County Virginia | 1 | $ 105,000 | $ 105,000 | $ 116,000 |
| Clarke County Virginia | 1 | $ 95,000 | $ 95,000 | $ 80,000 |
| Essex County Virginia | 1 | $ 45,000 | $ 45,000 | $ 217,000 |
| Fairfax City County Virginia | 1 | $ 125,000 | $ 125,000 | $ 313,000 |
| Lunenburg County Virginia | 1 | $ 195,000 | $ 195,000 | $ 70,000 |
| Norfolk County Virginia | 1 | $ 185,000 | $ 185,000 | $ 201,000 |
| Page County Virginia | 1 | $ 75,000 | $ 75,000 | $ 165,000 |
| Poquoson County Virginia | 1 | $ 295,000 | $ 295,000 | $ 135,000 |
| Richmond City County Virginia | 1 | $ 585,000 | $ 585,000 | $ 183,000 |
| Rockbridge County Virginia | 1 | $ 205,000 | $ 205,000 | $ 236,000 |
| Clark County Washington | 1 | $ 135,000 | $ 135,000 | $ 95,000 |
| Kitsap County Washington | 1 | $ 145,000 | $ 145,000 | $ 144,000 |
| Mason County Washington | 1 | $ 105,000 | $ 105,000 | $ 33,000 |
| Snohomish County Washington | 1 | $ 205,000 | $ 205,000 | $ 124,000 |
| Stevens County Washington | 1 | $ 165,000 | $ 165,000 | $ 83,000 |
| Whatcom County Washington | 1 | $ 185,000 | $ 185,000 | $ 118,000 |
| Logan County West Virginia | 1 | $ 105,000 | $ 105,000 | $ 125,000 |
| Raleigh County West Virginia | 1 | $ 55,000 | $ 55,000 | $ 97,000 |
Mortgage Loan Application Detail Totals for Spectra Credit Union in 2022
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 |
|---|---|---|---|---|---|---|
| Other Purpose | 628 | $88,060,000 | $140,000 | $505,000 | $208,000 | $6,246,000 |
| Home Purchase | 245 | $73,965,000 | $301,000 | $965,000 | $240,000 | $2,446,000 |
| Cash-out Refinancing | 72 | $15,220,000 | $211,000 | $1,005,000 | $133,000 | $371,000 |
| Refinancing | 31 | $8,415,000 | $271,000 | $985,000 | $119,000 | $258,000 |
| Home Improvement | 3 | $315,000 | $105,000 | $225,000 | $72,000 | $145,000 |
| 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 | 543 | $99,985,000 | $184,000 | $985,000 | $215,000 | $6,246,000 |
| Not Provided | 162 | $35,080,000 | $216,000 | $1,005,000 | $230,000 | $1,269,000 |
| Black or African American | 128 | $22,520,000 | $175,000 | $785,000 | $156,000 | $675,000 |
| Asian | 74 | $16,470,000 | $222,000 | $965,000 | $221,000 | $1,204,000 |
| Hispanic | 43 | $5,885,000 | $136,000 | $835,000 | $153,000 | $694,000 |
| American Indian or Alaskan Native | 6 | $870,000 | $145,000 | $205,000 | $189,000 | $332,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $150,000 | $75,000 | $95,000 | $375,000 | $483,000 |
| 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) | 979 | $185,975,000 | $189,000 | $1,005,000 | $207,000 | $6,246,000 |
| 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 | 625 | $107,815,000 | $172,000 | $1,005,000 | $219,000 | $2,446,000 |
| Application Withdrawn By Applicant | 121 | $26,025,000 | $215,000 | $975,000 | $174,000 | $665,000 |
| Application Denied By Financial Institution | 91 | $13,825,000 | $151,000 | $685,000 | $233,000 | $6,246,000 |
| Application Approved But Not Accepted | 53 | $7,055,000 | $133,000 | $385,000 | $187,000 | $675,000 |
| Preapproval Approved but not Accepted | 48 | $22,020,000 | $458,000 | $965,000 | $162,000 | $362,000 |
| File Closed For Incompleteness | 30 | $5,350,000 | $178,000 | $855,000 | $188,000 | $921,000 |
| Preapproval Denied by Financial Institution | 11 | $3,885,000 | $353,000 | $605,000 | $92,000 | $152,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 877 | $168,265,000 | $191,000 | $1,005,000 | $206,000 | $2,446,000 |
| Debt-To-Income Ratio | 37 | $6,235,000 | $168,000 | $515,000 | $111,000 | $260,000 |
| Credit History | 28 | $4,450,000 | $158,000 | $385,000 | $351,000 | $6,246,000 |
| Collateral | 25 | $4,285,000 | $171,000 | $685,000 | $242,000 | $1,202,000 |
| Unverifiable Information | 5 | $515,000 | $103,000 | $195,000 | $188,000 | $400,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $1,560,000 | $390,000 | $605,000 | $128,000 | $152,000 |
| Other | 2 | $520,000 | $260,000 | $445,000 | $105,000 | $151,000 |
| Employment History | 1 | $145,000 | $145,000 | $145,000 | $248,000 | $248,000 |
| Credit Application Incomplete | 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 2022 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.