Spectra Credit Union
HMDA Loan Application Totals
and Mortgage Lending Details
for 2023
Spectra Credit Union 2023 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 | 379 |
| Total Mortgage Loan Application Amount | $64,825,000 |
| Average Mortgage Loan Application Amount | $190,200 |
| Highest Mortgage Loan Application Amount | $605,000 |
| Average Applicant Income | $198,400 |
| Highest Applicant Income | $1,664,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2023 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 2023 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 2023.
| 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 | 38 | $ 5,150,000 | $ 135,000 | $ 132,000 |
| Fairfax County Virginia | 33 | $ 7,075,000 | $ 214,000 | $ 288,000 |
| Charles County Maryland | 30 | $ 3,940,000 | $ 131,000 | $ 124,000 |
| Prince William County Virginia | 24 | $ 4,540,000 | $ 189,000 | $ 226,000 |
| Loudoun County Virginia | 17 | $ 4,395,000 | $ 258,000 | $ 391,000 |
| Anne Arundel County Maryland | 14 | $ 2,190,000 | $ 156,000 | $ 200,000 |
| District of Columbia County District Of Columbia | 13 | $ 2,785,000 | $ 214,000 | $ 217,000 |
| Montgomery County Maryland | 13 | $ 2,405,000 | $ 185,000 | $ 226,000 |
| Howard County Maryland | 12 | $ 2,910,000 | $ 242,000 | $ 326,000 |
| Arlington County Virginia | 9 | $ 2,425,000 | $ 269,000 | $ 265,000 |
| Calvert County Maryland | 6 | $ 500,000 | $ 83,000 | $ 111,000 |
| Frederick County Maryland | 6 | $ 770,000 | $ 128,000 | $ 152,000 |
| Hamilton County Ohio | 6 | $ 670,000 | $ 111,000 | $ 178,000 |
| Alexandria County Virginia | 6 | $ 1,460,000 | $ 243,000 | $ 172,000 |
| Stafford County Virginia | 5 | $ 635,000 | $ 127,000 | $ 117,000 |
| Sussex County Delaware | 4 | $ 340,000 | $ 85,000 | $ 182,000 |
| St. Lucie County Florida | 4 | $ 470,000 | $ 117,000 | $ 132,000 |
| St. Mary's County Maryland | 4 | $ 650,000 | $ 162,000 | $ 111,000 |
| Worcester County Maryland | 4 | $ 340,000 | $ 85,000 | $ 144,000 |
| Baltimore County Maryland | 3 | $ 695,000 | $ 231,000 | $ 83,000 |
| Baltimore City County Maryland | 3 | $ 245,000 | $ 81,000 | $ 112,000 |
| Wake County North Carolina | 3 | $ 205,000 | $ 68,000 | $ 90,000 |
| Cuyahoga County Ohio | 3 | $ 175,000 | $ 58,000 | $ 137,000 |
| Allegheny County Pennsylvania | 3 | $ 495,000 | $ 165,000 | $ 69,000 |
| Charleston County South Carolina | 3 | $ 535,000 | $ 178,000 | $ 269,000 |
| Brevard County Florida | 2 | $ 570,000 | $ 285,000 | $ 196,000 |
| Broward County Florida | 2 | $ 810,000 | $ 405,000 | $ 505,000 |
| Lee County Florida | 2 | $ 1,120,000 | $ 560,000 | $ 522,000 |
| Polk County Florida | 2 | $ 410,000 | $ 205,000 | $ 125,000 |
| Sarasota County Florida | 2 | $ 210,000 | $ 105,000 | $ 69,000 |
| Fulton County Georgia | 2 | $ 410,000 | $ 205,000 | $ 135,000 |
| Wicomico County Maryland | 2 | $ 200,000 | $ 100,000 | $ 65,000 |
| Barnstable County Massachusetts | 2 | $ 510,000 | $ 255,000 | $ 487,000 |
| Mecklenburg County North Carolina | 2 | $ 140,000 | $ 70,000 | $ 110,000 |
| Union County North Carolina | 2 | $ 140,000 | $ 70,000 | $ 148,000 |
| Butler County Ohio | 2 | $ 50,000 | $ 25,000 | $ 80,000 |
| Warren County Ohio | 2 | $ 390,000 | $ 195,000 | $ 108,000 |
| Manassas County Virginia | 2 | $ 300,000 | $ 150,000 | $ 53,000 |
| Berkeley County West Virginia | 2 | $ 180,000 | $ 90,000 | $ 90,000 |
| Coconino County Arizona | 1 | $ 385,000 | $ 385,000 | $ 141,000 |
| Arapahoe County Colorado | 1 | $ 65,000 | $ 65,000 | $ 249,000 |
| Fairfield County Connecticut | 1 | $ 205,000 | $ 205,000 | $ 89,000 |
| Middlesex County Connecticut | 1 | $ 305,000 | $ 305,000 | $ 119,000 |
| New Haven County Connecticut | 1 | $ 155,000 | $ 155,000 | $ 318,000 |
| Hillsborough County Florida | 1 | $ 25,000 | $ 25,000 | $ 70,000 |
| Jefferson County Florida | 1 | $ 105,000 | $ 105,000 | $ 136,000 |
| Leon County Florida | 1 | $ 305,000 | $ 305,000 | $ 47,000 |
| Miami-Dade County Florida | 1 | $ 405,000 | $ 405,000 | $ 1,664,000 |
| Orange County Florida | 1 | $ 195,000 | $ 195,000 | $ 268,000 |
| Palm Beach County Florida | 1 | $ 265,000 | $ 265,000 | $ 0 |
| Pinellas County Florida | 1 | $ 255,000 | $ 255,000 | $ 93,000 |
| Santa Rosa County Florida | 1 | $ 65,000 | $ 65,000 | $ 114,000 |
| DeKalb County Georgia | 1 | $ 55,000 | $ 55,000 | $ 132,000 |
| Douglas County Georgia | 1 | $ 85,000 | $ 85,000 | $ 123,000 |
| DuPage County Illinois | 1 | $ 315,000 | $ 315,000 | $ 505,000 |
| Warren County Illinois | 1 | $ 125,000 | $ 125,000 | $ 199,000 |
| Hamilton County Indiana | 1 | $ 135,000 | $ 135,000 | $ 150,000 |
| Hendricks County Indiana | 1 | $ 65,000 | $ 65,000 | $ 144,000 |
| Jackson County Indiana | 1 | $ 95,000 | $ 95,000 | $ 116,000 |
| Marion County Indiana | 1 | $ 105,000 | $ 105,000 | $ 110,000 |
| Campbell County Kentucky | 1 | $ 105,000 | $ 105,000 | $ 72,000 |
| Grayson County Kentucky | 1 | $ 75,000 | $ 75,000 | $ 178,000 |
| Kenton County Kentucky | 1 | $ 25,000 | $ 25,000 | $ 65,000 |
| Carroll County Maryland | 1 | $ 105,000 | $ 105,000 | $ 285,000 |
| Cecil County Maryland | 1 | $ 55,000 | $ 55,000 | $ 87,000 |
| Talbot County Maryland | 1 | $ 45,000 | $ 45,000 | $ 84,000 |
| Washington County Maryland | 1 | $ 35,000 | $ 35,000 | $ 51,000 |
| Worcester County Massachusetts | 1 | $ 385,000 | $ 385,000 | $ 350,000 |
| Clay County Missouri | 1 | $ 55,000 | $ 55,000 | $ 112,000 |
| St. Charles County Missouri | 1 | $ 125,000 | $ 125,000 | $ 74,000 |
| St. Louis County Missouri | 1 | $ 25,000 | $ 25,000 | $ 294,000 |
| Clark County Nevada | 1 | $ 135,000 | $ 135,000 | $ 230,000 |
| Hudson County New Jersey | 1 | $ 105,000 | $ 105,000 | $ 1,200,000 |
| Middlesex County New Jersey | 1 | $ 255,000 | $ 255,000 | $ 197,000 |
| Union County New Jersey | 1 | $ 75,000 | $ 75,000 | $ 66,000 |
| Sullivan County New York | 1 | $ 65,000 | $ 65,000 | $ 151,000 |
| Buncombe County North Carolina | 1 | $ 375,000 | $ 375,000 | $ 89,000 |
| Carteret County North Carolina | 1 | $ 375,000 | $ 375,000 | $ 238,000 |
| Forsyth County North Carolina | 1 | $ 85,000 | $ 85,000 | $ 88,000 |
| Henderson County North Carolina | 1 | $ 205,000 | $ 205,000 | $ 124,000 |
| Pasquotank County North Carolina | 1 | $ 255,000 | $ 255,000 | $ 153,000 |
| Brown County Ohio | 1 | $ 35,000 | $ 35,000 | $ 143,000 |
| Clermont County Ohio | 1 | $ 105,000 | $ 105,000 | $ 119,000 |
| Franklin County Ohio | 1 | $ 55,000 | $ 55,000 | $ 123,000 |
| Medina County Ohio | 1 | $ 45,000 | $ 45,000 | $ 71,000 |
| Miami County Ohio | 1 | $ 65,000 | $ 65,000 | $ 130,000 |
| Summit County Ohio | 1 | $ 85,000 | $ 85,000 | $ 86,000 |
| Deschutes County Oregon | 1 | $ 325,000 | $ 325,000 | $ 87,000 |
| Bucks County Pennsylvania | 1 | $ 65,000 | $ 65,000 | $ 612,000 |
| Carbon County Pennsylvania | 1 | $ 115,000 | $ 115,000 | $ 85,000 |
| Dauphin County Pennsylvania | 1 | $ 155,000 | $ 155,000 | $ 58,000 |
| Montgomery County Pennsylvania | 1 | $ 235,000 | $ 235,000 | $ 160,000 |
| Northampton County Pennsylvania | 1 | $ 175,000 | $ 175,000 | $ 172,000 |
| Westmoreland County Pennsylvania | 1 | $ 145,000 | $ 145,000 | $ 73,000 |
| Kent County Rhode Island | 1 | $ 255,000 | $ 255,000 | $ 505,000 |
| Horry County South Carolina | 1 | $ 45,000 | $ 45,000 | $ 58,000 |
| Lexington County South Carolina | 1 | $ 65,000 | $ 65,000 | $ 86,000 |
| Pickens County South Carolina | 1 | $ 115,000 | $ 115,000 | $ 196,000 |
| Davidson County Tennessee | 1 | $ 45,000 | $ 45,000 | $ 71,000 |
| DeKalb County Tennessee | 1 | $ 495,000 | $ 495,000 | $ 475,000 |
| Hamilton County Tennessee | 1 | $ 275,000 | $ 275,000 | $ 165,000 |
| Charles City County Virginia | 1 | $ 155,000 | $ 155,000 | $ 150,000 |
| Fauquier County Virginia | 1 | $ 85,000 | $ 85,000 | $ 89,000 |
| Frederick County Virginia | 1 | $ 85,000 | $ 85,000 | $ 134,000 |
| Fredericksburg County Virginia | 1 | $ 55,000 | $ 55,000 | $ 160,000 |
| Goochland County Virginia | 1 | $ 355,000 | $ 355,000 | $ 98,000 |
| Hanover County Virginia | 1 | $ 65,000 | $ 65,000 | $ 192,000 |
| Manassas Park County Virginia | 1 | $ 105,000 | $ 105,000 | $ 105,000 |
| Montgomery County Virginia | 1 | $ 315,000 | $ 315,000 | $ 274,000 |
| Poquoson County Virginia | 1 | $ 155,000 | $ 155,000 | $ 143,000 |
| Portsmouth County Virginia | 1 | $ 25,000 | $ 25,000 | $ 41,000 |
| Roanoke City County Virginia | 1 | $ 285,000 | $ 285,000 | $ 83,000 |
| Shenandoah County Virginia | 1 | $ 135,000 | $ 135,000 | $ 142,000 |
| Spotsylvania County Virginia | 1 | $ 95,000 | $ 95,000 | $ 194,000 |
| Virginia Beach County Virginia | 1 | $ 115,000 | $ 115,000 | $ 58,000 |
| Warren County Virginia | 1 | $ 115,000 | $ 115,000 | $ 82,000 |
| Westmoreland County Virginia | 1 | $ 105,000 | $ 105,000 | $ 73,000 |
| Kitsap County Washington | 1 | $ 105,000 | $ 105,000 | $ 259,000 |
| Racine County Wisconsin | 1 | $ 75,000 | $ 75,000 | $ 148,000 |
Mortgage Loan Application Detail Totals for Spectra Credit Union in 2023
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 Improvement | 122 | $14,850,000 | $121,000 | $505,000 | $200,000 | $1,664,000 |
| Other Purpose | 115 | $14,815,000 | $128,000 | $505,000 | $174,000 | $1,089,000 |
| Home Purchase | 94 | $26,370,000 | $280,000 | $605,000 | $215,000 | $721,000 |
| Cash-out Refinancing | 44 | $7,810,000 | $177,000 | $505,000 | $212,000 | $1,089,000 |
| Refinancing | 4 | $980,000 | $245,000 | $295,000 | $191,000 | $296,000 |
| 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 | 154 | $28,040,000 | $182,000 | $605,000 | $212,000 | $1,664,000 |
| Not Provided | 115 | $15,425,000 | $134,000 | $505,000 | $195,000 | $1,200,000 |
| Black or African American | 50 | $9,270,000 | $185,000 | $565,000 | $152,000 | $721,000 |
| Hispanic | 24 | $5,440,000 | $226,000 | $545,000 | $160,000 | $575,000 |
| Asian | 24 | $4,820,000 | $200,000 | $505,000 | $262,000 | $580,000 |
| American Indian or Alaskan Native | 2 | $270,000 | $135,000 | $255,000 | $195,000 | $312,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $385,000 | $385,000 | $385,000 | $141,000 | $141,000 |
| 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) | 379 | $64,825,000 | $171,000 | $605,000 | $197,000 | $1,664,000 |
| 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 | 204 | $33,320,000 | $163,000 | $605,000 | $230,000 | $1,664,000 |
| Application Denied By Financial Institution | 81 | $10,775,000 | $133,000 | $505,000 | $152,000 | $580,000 |
| Preapproval Approved but not Accepted | 24 | $7,030,000 | $292,000 | $545,000 | $113,000 | $400,000 |
| Application Withdrawn By Applicant | 22 | $3,430,000 | $155,000 | $505,000 | $167,000 | $341,000 |
| Application Approved But Not Accepted | 17 | $2,325,000 | $136,000 | $505,000 | $178,000 | $492,000 |
| File Closed For Incompleteness | 16 | $3,600,000 | $225,000 | $525,000 | $321,000 | $1,200,000 |
| Preapproval Denied by Financial Institution | 15 | $4,345,000 | $289,000 | $565,000 | $64,000 | $114,000 |
| 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 | 283 | $49,705,000 | $175,000 | $605,000 | $217,000 | $1,664,000 |
| Debt-To-Income Ratio | 54 | $10,120,000 | $187,000 | $565,000 | $134,000 | $580,000 |
| Credit History | 27 | $2,745,000 | $101,000 | $475,000 | $123,000 | $498,000 |
| Collateral | 10 | $1,620,000 | $162,000 | $355,000 | $197,000 | $367,000 |
| Other | 2 | $420,000 | $210,000 | $315,000 | $106,000 | $128,000 |
| Unverifiable Information | 1 | $155,000 | $155,000 | $155,000 | $248,000 | $248,000 |
| Mortgage Insurance Denied | 1 | $35,000 | $35,000 | $35,000 | $190,000 | $190,000 |
| Employment History | 1 | $25,000 | $25,000 | $25,000 | $104,000 | $104,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 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 2023 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.