Spring Eq in California vs the state
50.8%Denial rate+33.36 pts vs state
60.3%Decision denial rate+37.91 pts vs state
31.2%Origination rate-24.99 pts vs state
8.88%Median rate+2.25 pts vs state
2.69Rate spread (pts)+2.42 pts vs state
$148kMedian applicant income
6,742Loans originated
10,970Denied
Trend in California
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 18,371 | 4,456 | 67.1% | 11.00% | #6 |
| 2024 | 23,133 | 7,204 | 55.2% | 9.95% | #5 |
| 2025 | 21,601 | 6,742 | 50.8% | 8.88% | #6 |
What Spring Eq lends in California
By loan purpose
By loan type
Why it denied California applicants
Where in California
Counties with the most Spring Eq applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Los Angeles County | 4,280 | 1,239 | 2,248 | 52.5% |
| San Diego County | 2,299 | 790 | 1,105 | 48.1% |
| Riverside County | 2,154 | 687 | 1,110 | 51.5% |
| Orange County | 1,681 | 523 | 854 | 50.8% |
| San Bernardino County | 1,512 | 474 | 790 | 52.2% |
| Sacramento County | 1,178 | 416 | 559 | 47.5% |
| Contra Costa County | 785 | 252 | 372 | 47.4% |
| San Joaquin County | 575 | 189 | 296 | 51.5% |
| Ventura County | 564 | 190 | 259 | 45.9% |
| Alameda County | 559 | 139 | 310 | 55.5% |
Other large lenders in California
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| United Shore Financial Services | B | 79,261 | 12.6% | 6.49% |
| Rocket Mortgage | C | 58,925 | 17.6% | 6.75% |
| Bank of America | F | 40,190 | 30.8% | 5.99% |
| U.S. Bank | D | 32,493 | 31.6% | 6.50% |
| JPMorgan Chase Bank | B | 22,048 | 9.7% | 6.13% |
| Schoolsfirst | A | 19,086 | 10.0% | 6.25% |
| Pennymac Loan Services | C | 18,754 | 13.5% | 6.50% |
| Newrez | D | 17,000 | 19.3% | 6.63% |
| Loandepot.Com | D | 16,645 | 18.7% | 6.63% |
| Coastal Community Bank | C | 15,830 | 2.7% | 9.99% |
Frequently asked questions
California: 21,601 applications in 2025, of which 6,742 were originated and 10,970 denied.
50.8% of all applications, or 60.3% of the applications it actually decided on. The California statewide average across all lenders was 17.4%.
The median rate on loans Spring Eq originated in California in 2025 was 8.88%, against a statewide median of 6.63%.
About this data. Figures are Spring Eq's own HMDA filing for properties located in California, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology