Spring Eq in Colorado vs the state
50.9%Denial rate+35.29 pts vs state
61.2%Decision denial rate+41.57 pts vs state
30.1%Origination rate-29.94 pts vs state
8.95%Median rate+2.32 pts vs state
2.87Rate spread (pts)+2.72 pts vs state
$130kMedian applicant income
963Loans originated
1,630Denied
Trend in Colorado
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 2,917 | 765 | 62.8% | 11.18% | #14 |
| 2024 | 3,198 | 1,055 | 52.9% | 9.83% | #17 |
| 2025 | 3,201 | 963 | 50.9% | 8.95% | #19 |
What Spring Eq lends in Colorado
By loan purpose
By loan type
Why it denied Colorado applicants
Where in Colorado
Counties with the most Spring Eq applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| El Paso County | 367 | 116 | 184 | 50.1% |
| Arapahoe County | 363 | 102 | 201 | 55.4% |
| Jefferson County | 330 | 97 | 160 | 48.5% |
| Adams County | 319 | 112 | 157 | 49.2% |
| Douglas County | 302 | 91 | 154 | 51.0% |
| Denver County | 283 | 79 | 149 | 52.7% |
| Weld County | 279 | 75 | 154 | 55.2% |
| Larimer County | 182 | 46 | 95 | 52.2% |
| Mesa County | 112 | 44 | 49 | 43.8% |
| Boulder County | 104 | 30 | 50 | 48.1% |
Other large lenders in Colorado
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| United Shore Financial Services | B | 23,111 | 8.8% | 6.13% |
| ENT Credit Union | B | 13,238 | 20.9% | 7.50% |
| Rocket Mortgage | C | 11,486 | 15.7% | 6.61% |
| Guild Mortgage | A | 6,232 | 3.1% | 6.62% |
| Bellco Credit Union | F | 5,863 | 40.9% | 8.00% |
| U.S. Bank | D | 4,978 | 36.0% | 7.95% |
| American Financing | D | 4,937 | 41.3% | 6.38% |
| FirstBank | C | 4,929 | 15.6% | 7.00% |
| Canvas Credit Union | C | 4,889 | 13.7% | 7.89% |
| Elevations | C | 4,426 | 10.8% | 6.88% |
Frequently asked questions
Colorado: 3,201 applications in 2025, of which 963 were originated and 1,630 denied.
50.9% of all applications, or 61.2% of the applications it actually decided on. The Colorado statewide average across all lenders was 15.6%.
The median rate on loans Spring Eq originated in Colorado in 2025 was 8.95%, against a statewide median of 6.63%.
About this data. Figures are Spring Eq's own HMDA filing for properties located in Colorado, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology