Spring Eq in Arizona vs the state
47.3%Denial rate+31.03 pts vs state
56.5%Decision denial rate+36.11 pts vs state
34.2%Origination rate-25.27 pts vs state
8.95%Median rate+2.45 pts vs state
2.92Rate spread (pts)+2.70 pts vs state
$115kMedian applicant income
1,610Loans originated
2,224Denied
Trend in Arizona
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 4,290 | 1,189 | 62.5% | 11.13% | #11 |
| 2024 | 5,092 | 1,747 | 52.0% | 9.80% | #10 |
| 2025 | 4,706 | 1,610 | 47.3% | 8.95% | #13 |
What Spring Eq lends in Arizona
By loan purpose
By loan type
Why it denied Arizona applicants
Where in Arizona
Counties with the most Spring Eq applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Maricopa County | 3,199 | 1,114 | 1,492 | 46.6% |
| Pima County | 497 | 169 | 224 | 45.1% |
| Pinal County | 376 | 117 | 185 | 49.2% |
| Mohave County | 166 | 61 | 92 | 55.4% |
| Yavapai County | 149 | 52 | 68 | 45.6% |
| Yuma County | 96 | 33 | 40 | 41.7% |
| Coconino County | 59 | 21 | 25 | 42.4% |
| Cochise County | 49 | 17 | 28 | 57.1% |
| Navajo County | 38 | 10 | 20 | 52.6% |
| Gila County | 25 | 7 | 16 | 64.0% |
Other large lenders in Arizona
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| United Shore Financial Services | B | 25,383 | 10.2% | 6.25% |
| Rocket Mortgage | C | 17,947 | 15.6% | 6.75% |
| Desert Financial Credit Union | B | 16,970 | 24.3% | 6.49% |
| Crosscountry Mortgage | B | 7,570 | 3.8% | 6.58% |
| Fairway Independent Mortgage | B | 6,729 | 5.6% | 6.63% |
| Bank of America | F | 6,229 | 32.2% | 6.24% |
| Loandepot.Com | D | 6,180 | 16.1% | 5.99% |
| Pennymac Loan Services | C | 5,838 | 11.7% | 6.62% |
| Nova Financial & Investment | C | 5,380 | 16.2% | 6.49% |
| Freedom Mortgage | B | 4,991 | 7.0% | 6.00% |
Frequently asked questions
Arizona: 4,706 applications in 2025, of which 1,610 were originated and 2,224 denied.
47.3% of all applications, or 56.5% of the applications it actually decided on. The Arizona statewide average across all lenders was 16.2%.
The median rate on loans Spring Eq originated in Arizona in 2025 was 8.95%, against a statewide median of 6.50%.
About this data. Figures are Spring Eq's own HMDA filing for properties located in Arizona, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology