Spectrum Financial Group, Inc.
HMDA Loan Application Totals
and Mortgage Lending Details
for 2006
Spectrum Financial Group, Inc. 2006 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 | Spectrum Financial Group, Inc. 7047 East Greenway Parkway, Suite 400 Scottsdale, AZ 85254 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2006 2005 2004 |
| Total Number of Mortgage Applications | 5,280 |
| Total Mortgage Loan Application Amount | $1,044,364,000 |
| Average Mortgage Loan Application Amount | $213,500 |
| Highest Mortgage Loan Application Amount | $4,000,000 |
| Average Applicant Income | $110,000 |
| Highest Applicant Income | $3,000,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2006 with Spectrum Financial Group, Inc.. 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 Spectrum Financial Group, Inc.'s lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.
Our HMDA dataset for 2006 breaks down Spectrum Financial Group, Inc.'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 Spectrum Financial Group, Inc. serves its applicants.
Each category highlights the total number of mortgage applications processed by Spectrum Financial Group, Inc., 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 Spectrum Financial Group, Inc.'s mortgage activity for 2006.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Clark County Nevada | 2,977 | $ 566,409,000 | $ 190,000 | $ 95,000 |
| Maricopa County Arizona | 1,488 | $ 298,633,000 | $ 200,000 | $ 119,000 |
| Pinal County Arizona | 115 | $ 15,187,000 | $ 132,000 | $ 94,000 |
| Los Angeles County California | 78 | $ 25,713,000 | $ 329,000 | $ 117,000 |
| Navajo County Arizona | 58 | $ 8,020,000 | $ 138,000 | $ 35,000 |
| Orange County California | 50 | $ 20,786,000 | $ 415,000 | $ 221,000 |
| San Bernardino County California | 49 | $ 12,159,000 | $ 248,000 | $ 135,000 |
| San Diego County California | 33 | $ 9,690,000 | $ 293,000 | $ 297,000 |
| Riverside County California | 32 | $ 8,999,000 | $ 281,000 | $ 118,000 |
| Mohave County Arizona | 31 | $ 3,332,000 | $ 107,000 | $ 84,000 |
| Yavapai County Arizona | 28 | $ 4,966,000 | $ 177,000 | $ 131,000 |
| Nye County Nevada | 22 | $ 3,606,000 | $ 163,000 | $ 83,000 |
| Bernalillo County New Mexico | 18 | $ 2,256,000 | $ 125,000 | $ 150,000 |
| Pima County Arizona | 15 | $ 2,545,000 | $ 169,000 | $ 77,000 |
| Ventura County California | 14 | $ 6,923,000 | $ 494,000 | $ 159,000 |
| Bexar County Texas | 13 | $ 1,584,000 | $ 121,000 | $ 174,000 |
| Weber County Utah | 13 | $ 1,187,000 | $ 91,000 | $ 92,000 |
| Alameda County California | 10 | $ 4,399,000 | $ 439,000 | $ 125,000 |
| Williamson County Texas | 9 | $ 1,341,000 | $ 149,000 | $ 116,000 |
| Coconino County Arizona | 7 | $ 1,444,000 | $ 206,000 | $ 209,000 |
| Gila County Arizona | 7 | $ 1,481,000 | $ 211,000 | $ 178,000 |
| Salt Lake County Utah | 7 | $ 1,008,000 | $ 144,000 | $ 160,000 |
| Ada County Idaho | 6 | $ 1,066,000 | $ 177,000 | $ 320,000 |
| Lyon County Nevada | 6 | $ 765,000 | $ 127,000 | $ 83,000 |
| Washington County Utah | 6 | $ 1,015,000 | $ 169,000 | $ 120,000 |
| Washoe County Nevada | 5 | $ 1,216,000 | $ 243,000 | $ 131,000 |
| King County Washington | 5 | $ 763,000 | $ 152,000 | $ 75,000 |
| Kern County California | 4 | $ 717,000 | $ 179,000 | $ 172,000 |
| Merced County California | 4 | $ 1,174,000 | $ 293,000 | $ 57,000 |
| Collier County Florida | 4 | $ 620,000 | $ 155,000 | $ 105,000 |
| Anoka County Minnesota | 4 | $ 578,000 | $ 144,000 | $ 67,000 |
| Elko County Nevada | 4 | $ 477,000 | $ 119,000 | $ 60,000 |
| Davis County Utah | 4 | $ 785,000 | $ 196,000 | $ 133,000 |
| Snohomish County Washington | 4 | $ 960,000 | $ 240,000 | $ 135,000 |
| Placer County California | 3 | $ 743,000 | $ 247,000 | $ 240,000 |
| San Mateo County California | 3 | $ 1,196,000 | $ 398,000 | $ 220,000 |
| Oakland County Michigan | 3 | $ 845,000 | $ 281,000 | $ 280,000 |
| Wayne County Michigan | 3 | $ 169,000 | $ 56,000 | $ 79,000 |
| Carson City County Nevada | 3 | $ 527,000 | $ 175,000 | $ 82,000 |
| Washington County Oregon | 3 | $ 454,000 | $ 151,000 | $ 71,000 |
| Kane County Utah | 3 | $ 792,000 | $ 264,000 | $ 273,000 |
| Spokane County Washington | 3 | $ 816,000 | $ 272,000 | $ 114,000 |
| Graham County Arizona | 2 | $ 197,000 | $ 98,000 | $ 48,000 |
| Calaveras County California | 2 | $ 468,000 | $ 234,000 | $ 114,000 |
| San Joaquin County California | 2 | $ 353,000 | $ 176,000 | $ 137,000 |
| Santa Barbara County California | 2 | $ 1,093,000 | $ 546,000 | $ 323,000 |
| Santa Clara County California | 2 | $ 1,325,000 | $ 662,000 | $ 202,000 |
| Jefferson County Colorado | 2 | $ 260,000 | $ 130,000 | $ 117,000 |
| Weld County Colorado | 2 | $ 220,000 | $ 110,000 | $ 0 |
| Columbia County Florida | 2 | $ 115,000 | $ 57,000 | $ 0 |
| Monroe County Florida | 2 | $ 800,000 | $ 400,000 | $ 300,000 |
| Carver County Minnesota | 2 | $ 799,000 | $ 399,000 | $ 462,000 |
| Chisago County Minnesota | 2 | $ 577,000 | $ 288,000 | $ 113,000 |
| Hennepin County Minnesota | 2 | $ 553,000 | $ 276,000 | $ 90,000 |
| Wright County Minnesota | 2 | $ 205,000 | $ 102,000 | $ 37,000 |
| Jackson County Missouri | 2 | $ 105,000 | $ 52,000 | $ 100,000 |
| Jasper County Missouri | 2 | $ 44,000 | $ 22,000 | $ 144,000 |
| Taney County Missouri | 2 | $ 110,000 | $ 55,000 | $ 0 |
| Churchill County Nevada | 2 | $ 305,000 | $ 152,000 | $ 83,000 |
| Douglas County Nevada | 2 | $ 2,411,000 | $ 1,205,000 | $ 468,000 |
| Rio Arriba County New Mexico | 2 | $ 385,000 | $ 192,000 | $ 156,000 |
| Sandoval County New Mexico | 2 | $ 287,000 | $ 143,000 | $ 328,000 |
| Taos County New Mexico | 2 | $ 360,000 | $ 180,000 | $ 144,000 |
| Lincoln County Oregon | 2 | $ 446,000 | $ 223,000 | $ 360,000 |
| Collin County Texas | 2 | $ 620,000 | $ 310,000 | $ 232,000 |
| Harris County Texas | 2 | $ 109,000 | $ 54,000 | $ 240,000 |
| McLennan County Texas | 2 | $ 74,000 | $ 37,000 | $ 465,000 |
| Iron County Utah | 2 | $ 166,000 | $ 83,000 | $ 88,000 |
| Cowlitz County Washington | 2 | $ 209,000 | $ 104,000 | $ 152,000 |
| Pierce County Washington | 2 | $ 234,000 | $ 117,000 | $ 0 |
| Laramie County Wyoming | 2 | $ 243,000 | $ 121,000 | $ 74,000 |
| La Paz County Arizona | 1 | $ 98,000 | $ 98,000 | $ 82,000 |
| Contra Costa County California | 1 | $ 500,000 | $ 500,000 | $ 150,000 |
| Napa County California | 1 | $ 1,121,000 | $ 1,121,000 | $ 288,000 |
| Yuba County California | 1 | $ 308,000 | $ 308,000 | $ 52,000 |
| Douglas County Colorado | 1 | $ 425,000 | $ 425,000 | $ 0 |
| El Paso County Colorado | 1 | $ 134,000 | $ 134,000 | $ 110,000 |
| Montezuma County Colorado | 1 | $ 195,000 | $ 195,000 | $ 0 |
| Pasco County Florida | 1 | $ 123,000 | $ 123,000 | $ 42,000 |
| Santa Rosa County Florida | 1 | $ 132,000 | $ 132,000 | $ 41,000 |
| St. Johns County Florida | 1 | $ 492,000 | $ 492,000 | $ 138,000 |
| Canyon County Idaho | 1 | $ 224,000 | $ 224,000 | $ 129,000 |
| Jerome County Idaho | 1 | $ 279,000 | $ 279,000 | $ 69,000 |
| Oscoda County Michigan | 1 | $ 134,000 | $ 134,000 | $ 116,000 |
| Washtenaw County Michigan | 1 | $ 900,000 | $ 900,000 | $ 209,000 |
| Otter Tail County Minnesota | 1 | $ 204,000 | $ 204,000 | $ 163,000 |
| Stearns County Minnesota | 1 | $ 300,000 | $ 300,000 | $ 102,000 |
| St. Louis County Missouri | 1 | $ 760,000 | $ 760,000 | $ 360,000 |
| Humboldt County Nevada | 1 | $ 128,000 | $ 128,000 | $ 65,000 |
| Queens County New York | 1 | $ 440,000 | $ 440,000 | $ 216,000 |
| Clackamas County Oregon | 1 | $ 272,000 | $ 272,000 | $ 62,000 |
| Denton County Texas | 1 | $ 240,000 | $ 240,000 | $ 252,000 |
| Fairfax County Virginia | 1 | $ 210,000 | $ 210,000 | $ 116,000 |
| Henrico County Virginia | 1 | $ 306,000 | $ 306,000 | $ 83,000 |
| Benton County Washington | 1 | $ 240,000 | $ 240,000 | $ 138,000 |
| Clark County Washington | 1 | $ 317,000 | $ 317,000 | $ 372,000 |
| Thurston County Washington | 1 | $ 180,000 | $ 180,000 | $ 44,000 |
Mortgage Loan Application Detail Totals for Spectrum Financial Group, Inc. in 2006
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 | 3,868 | $692,880,000 | $179,000 | $2,000,000 | $103,000 | $3,000,000 |
| Refinancing | 1,412 | $351,484,000 | $248,000 | $4,000,000 | $117,000 | $2,640,000 |
| 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 | 2,649 | $565,333,000 | $213,000 | $4,000,000 | $126,000 | $1,020,000 |
| Hispanic | 1,279 | $196,656,000 | $153,000 | $1,050,000 | $77,000 | $2,640,000 |
| Asian | 458 | $107,076,000 | $233,000 | $1,500,000 | $116,000 | $840,000 |
| Not Provided | 328 | $58,247,000 | $177,000 | $1,125,000 | $91,000 | $3,000,000 |
| Black or African American | 301 | $65,190,000 | $216,000 | $2,000,000 | $108,000 | $720,000 |
| Not applicable | 200 | $36,611,000 | $183,000 | $2,400,000 | $40,000 | $384,000 |
| Native Hawaiian or Other Pacific Islander | 57 | $10,999,000 | $192,000 | $735,000 | $93,000 | $270,000 |
| American Indian or Alaskan Native | 8 | $4,252,000 | $531,000 | $2,450,000 | $317,000 | $1,080,000 |
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) | 5,280 | $1,044,364,000 | $197,000 | $4,000,000 | $107,000 | $3,000,000 |
| 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 | 2,977 | $585,546,000 | $196,000 | $4,000,000 | $107,000 | $1,380,000 |
| Application Approved But Not Accepted | 710 | $138,994,000 | $195,000 | $1,500,000 | $110,000 | $3,000,000 |
| Application Denied By Financial Institution | 651 | $133,915,000 | $205,000 | $2,170,000 | $126,000 | $1,020,000 |
| File Closed For Incompleteness | 531 | $99,636,000 | $187,000 | $1,406,000 | $113,000 | $2,640,000 |
| Application Withdrawn By Applicant | 410 | $86,171,000 | $210,000 | $2,450,000 | $66,000 | $1,080,000 |
| Loan Purchased By The Institution | 1 | $102,000 | $102,000 | $102,000 | $294,000 | $294,000 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial 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 |
|---|---|---|---|---|---|---|
| Credit History | 119 | $27,112,000 | $227,000 | $2,170,000 | $130,000 | $1,020,000 |
| Other | 117 | $21,549,000 | $184,000 | $1,049,000 | $100,000 | $516,000 |
| Unverifiable Information | 94 | $19,686,000 | $209,000 | $1,080,000 | $113,000 | $592,000 |
| Collateral | 66 | $9,261,000 | $140,000 | $646,000 | $186,000 | $480,000 |
| Credit Application Incomplete | 23 | $4,138,000 | $179,000 | $1,200,000 | $151,000 | $875,000 |
| Debt-To-Income Ratio | 23 | $4,422,000 | $192,000 | $647,000 | $122,000 | $444,000 |
| Employment History | 7 | $1,544,000 | $220,000 | $416,000 | $95,000 | $126,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $383,000 | $95,000 | $168,000 | $30,000 | $75,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Spectrum Financial Group, Inc.'s 2006 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 Spectrum Financial Group, Inc.'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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