Dayspring Bank at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the A grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
70th5.6% deniedPricingmedian rate spread over APOR, weight 30%
80th0.01 ptsProcesswithdrawn + incomplete share, weight 15%
69th7.7%Closing coststotal loan costs ÷ loan amount, weight 10%
59th1.67% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 305 | 257 | 5.6% | 5.9% | 6.75% | $58M |
| 2024 | 303 | 261 | 3.3% | 3.5% | 7.00% | $52M |
| 2025 | 366 | 305 | 5.2% | 5.6% | 6.75% | $84M |
What Dayspring Bank lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 9 manufactured homes, 165 investment properties.
Why Dayspring Bank denies applications
Primary reason reported for each of the 19 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Dayspring Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 32 | 26 | 10.0% |
| $50k – $100k | 110 | 90 | 9.0% |
| $100k – $150k | 46 | 40 | 7.0% |
| $150k – $250k | 20 | 16 | 5.6% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 35 | 29 | 3.3% |
| 25–34 | 74 | 58 | 13.0% |
| 35–44 | 45 | 40 | 2.4% |
| 45–54 | 35 | 27 | 10.0% |
Where Dayspring Bank lends
13 states and 40 counties in 2025. Click a state for the lender's full record there.
Frequently asked questions
Dayspring Bank denied 5.6% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 70th percentile of small mortgage lenders.
The most common reason Dayspring Bank gave in 2025 was "collateral", cited on 31.6% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Dayspring Bank originated in 2025 was 6.75%, and its median rate spread over the average prime offer rate was 0.01 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 72% of its applications were for home purchases, 23% for refinancing (including cash-out), and 5% for home improvement or other purposes. By loan type: 88% conventional, 7% FHA, 3% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.