Spring Eq in Alabama vs the state
52.7%Denial rate+32.87 pts vs state
64.0%Decision denial rate+38.96 pts vs state
27.6%Origination rate-27.82 pts vs state
9.50%Median rate+3.00 pts vs state
3.58Rate spread (pts)+3.30 pts vs state
$100kMedian applicant income
400Loans originated
765Denied
Trend in Alabama
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 829 | 185 | 66.1% | 11.45% | #49 |
| 2024 | 1,198 | 387 | 53.4% | 10.18% | #39 |
| 2025 | 1,451 | 400 | 52.7% | 9.50% | #35 |
What Spring Eq lends in Alabama
By loan purpose
By loan type
Why it denied Alabama applicants
Where in Alabama
Counties with the most Spring Eq applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Jefferson County | 202 | 55 | 102 | 50.5% |
| Madison County | 153 | 42 | 78 | 51.0% |
| Baldwin County | 122 | 31 | 67 | 54.9% |
| Mobile County | 112 | 25 | 65 | 58.0% |
| Shelby County | 86 | 30 | 44 | 51.2% |
| Lee County | 65 | 23 | 32 | 49.2% |
| Montgomery County | 49 | 15 | 26 | 53.1% |
| St. Clair County | 41 | 10 | 22 | 53.7% |
| Limestone County | 40 | 8 | 22 | 55.0% |
| Tuscaloosa County | 37 | 11 | 17 | 45.9% |
Other large lenders in Alabama
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Regions Bank | C | 11,871 | 37.2% | 4.99% |
| Rocket Mortgage | C | 9,941 | 20.5% | 6.63% |
| Vanderbilt Mortgage and Finance | F | 8,461 | 41.4% | 9.50% |
| United Shore Financial Services | B | 7,689 | 12.0% | 6.13% |
| 21st Mortgage | F | 6,507 | 46.0% | 9.98% |
| Mortgage Research Center | C | 5,107 | 18.4% | 6.25% |
| REDSTONE Federal Credit Union | C | 4,548 | 18.9% | 8.13% |
| Dhi Mortgage Company | B | 3,909 | 17.5% | 4.99% |
| Freedom Mortgage | B | 3,725 | 8.7% | 6.25% |
| Pennymac Loan Services | C | 3,611 | 11.6% | 6.25% |
Frequently asked questions
Alabama: 1,451 applications in 2025, of which 400 were originated and 765 denied.
52.7% of all applications, or 64.0% of the applications it actually decided on. The Alabama statewide average across all lenders was 19.9%.
The median rate on loans Spring Eq originated in Alabama in 2025 was 9.50%, against a statewide median of 6.50%.
About this data. Figures are Spring Eq's own HMDA filing for properties located in Alabama, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology