Spectra Credit Union in Virginia vs the state
27.5%Denial rate+11.51 pts vs state
29.8%Decision denial rate+9.54 pts vs state
58.8%Origination rate-0.70 pts vs state
8.00%Median rate+1.38 pts vs state
0.82Rate spread (pts)+0.60 pts vs state
$168kMedian applicant income
30Loans originated
14Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 103 | 63 | 21.4% | 9.00% | #262 |
| 2024 | 58 | 37 | 22.4% | 9.00% | #346 |
| 2025 | 51 | 30 | 27.5% | 8.00% | #371 |
What Spectra Credit Union lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most Spectra Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Fairfax County | 12 | 5 | 5 | 41.7% |
| Prince William County | 10 | 5 | 4 | 40.0% |
| Loudoun County | 7 | 5 | 1 | 14.3% |
| Fauquier County | 3 | 3 | 0 | 0.0% |
| Stafford County | 3 | 1 | 1 | 33.3% |
| King George County | 2 | 2 | 0 | 0.0% |
| Alexandria city | 2 | 2 | 0 | 0.0% |
| Arlington County | 2 | 1 | 1 | 50.0% |
| Albemarle County | 1 | 1 | 0 | 0.0% |
| Falls Church city | 1 | 0 | 0 | 0.0% |
Other large lenders in Virginia
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Navy Federal Credit Union | D | 19,395 | 19.3% | 7.75% |
| Rocket Mortgage | C | 19,274 | 14.8% | 6.63% |
| United Shore Financial Services | B | 13,994 | 10.4% | 6.12% |
| Truist Bank | C | 11,838 | 31.6% | 6.49% |
| Mortgage Research Center | C | 9,000 | 16.7% | 6.25% |
| Pennymac Loan Services | C | 8,334 | 10.7% | 6.38% |
| Freedom Mortgage | B | 8,029 | 6.5% | 6.25% |
| Bank of America | F | 6,584 | 31.9% | 6.24% |
| Newrez | D | 6,390 | 16.4% | 6.38% |
| Movement Mortgage | A | 6,126 | 4.3% | 6.56% |
Frequently asked questions
Virginia: 51 applications in 2025, of which 30 were originated and 14 denied.
27.5% of all applications, or 29.8% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans Spectra Credit Union originated in Virginia in 2025 was 8.00%, against a statewide median of 6.63%.
About this data. Figures are Spectra Credit Union's own HMDA filing for properties located in Virginia, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology