Lender profile · HMDA 2023–2025
Spring Eq, LLC mortgage approval rates & lending data
Spring Eq, LLC decided 85,126 mortgage applications and funded 31,399 loans across the 616 counties Fat Boy Data covers, 2023–2025.
Approval by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 31% | 710 / 2,317 | 92% | $155K | 652 |
| Home improvement loans | 39% | 20,396 / 52,333 | 96% | $75K | 19,562 |
| Cash-out refinance | 41% | 6,513 / 15,873 | 95% | $125K | 6,201 |
| Refinance | 42% | 4,016 / 9,658 | 96% | $125K | 3,851 |
| Investment property purchase | 25% | 143 / 566 | 93% | $115K | 133 |
| Investment cash-out refinance | 22% | 102 / 473 | 93% | $155K | 95 |
| Investment refinance | 22% | 77 / 357 | 90% | $115K | 69 |
| Investment home improvement | 25% | 900 / 3,549 | 93% | $105K | 836 |
Spring Eq, LLC lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| California | 43% | $105K | 23,751 | 9,739 |
| Florida | 31% | $75K | 10,163 | 2,939 |
| Arizona | 44% | $75K | 4,349 | 1,830 |
| Texas | 27% | $85K | 4,122 | 1,065 |
| New Jersey | 36% | $85K | 3,621 | 1,258 |
| Georgia | 37% | $75K | 3,137 | 1,103 |
| Colorado | 42% | $75K | 3,029 | 1,233 |
| Washington | 40% | $95K | 2,771 | 1,074 |
| Pennsylvania | 37% | $65K | 2,433 | 854 |
| Maryland | 34% | $75K | 2,328 | 760 |
| North Carolina | 41% | $75K | 2,318 | 903 |
| Illinois | 37% | $65K | 2,263 | 806 |
| Ohio | 38% | $55K | 2,018 | 740 |
| Virginia | 38% | $85K | 1,989 | 723 |
| Michigan | 35% | $65K | 1,509 | 504 |
Covers the 616 counties in the Fat Boy Data footprint, which is 79.6% of the US population — not every county in each state. Methodology.