Spring Eq, LLC mortgage approval rate & lending review
Spring Eq, LLC decided 85,126 mortgage applications and funded 31,399 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Spring Eq, LLC reported under the Home Mortgage Disclosure Act, not its advertised interest rates. For current rates and applications go to mortgage.springeq.com.
Spring Eq, LLC at a glance
Approval is 27.2 points below the 65.8% national rate for the same mix of loan types.
Approval rates 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 |
Fat Boy Data covers 616 counties, 79.6% of the US population, not every county in every state. States with fewer than 20 decisions are not listed.Methodology.
Where Spring Eq, LLC lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Los Angeles County, CA | Home improvement loans | 43% | 2,911 | 1,199 |
| San Diego County, CA | Home improvement loans | 50% | 1,654 | 786 |
| Maricopa County, AZ | Home improvement loans | 45% | 1,693 | 728 |
| Riverside County, CA | Home improvement loans | 45% | 1,528 | 652 |
| San Bernardino County, CA | Home improvement loans | 44% | 1,155 | 492 |
| Orange County, CA | Home improvement loans | 46% | 1,074 | 477 |
| Sacramento County, CA | Home improvement loans | 50% | 825 | 388 |
| Los Angeles County, CA | Cash-out refinance | 38% | 784 | 279 |
| Maricopa County, AZ | Cash-out refinance | 44% | 593 | 247 |
| Contra Costa County, CA | Home improvement loans | 48% | 526 | 236 |
| Los Angeles County, CA | Refinance | 40% | 602 | 232 |
| San Diego County, CA | Cash-out refinance | 44% | 552 | 230 |
The county markets where Spring Eq, LLC made the most loans. Each link opens that market with every lender ranked.
Questions about Spring Eq, LLC
What is Spring Eq, LLC's mortgage approval rate?
Spring Eq, LLC approved 38.6% of the 85,126 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 27.2 points below the 65.8% national rate for the same mix of loan types.
How often do borrowers take the loan Spring Eq, LLC offers?
Borrowers accepted 96% of the loans Spring Eq, LLC approved, against 93% for all home improvement loan lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Spring Eq, LLC make?
The typical home improvement loan loan Spring Eq, LLC made was $75K; across all loan types its typical loan ran from $75K to $155K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Spring Eq, LLC lend?
Spring Eq, LLC decided applications in 51 of the states Fat Boy Data covers, most of them in California, Florida and Arizona.
Can I apply to Spring Eq, LLC directly?
Yes. Spring Eq, LLC reports as a direct lender that takes applications from borrowers. Its website is mortgage.springeq.com.
Does this page show Spring Eq, LLC's interest rates?
No. HMDA filings record who applied, who was approved and how much was borrowed, not the rate offered. Use the approval rate and take-up here to judge how Spring Eq, LLC treats applications, then get a rate quote from the lender.