Spring Eq in Connecticut (2025): Approval Rate, Denial Rate & Rates

Spring Eq in Connecticut: approval rate, denial rate and rates (2025)

Spring Eq took 1,283 mortgage applications in Connecticut in 2025, ranking #26 of 687 lenders active in the state. It originated 31.3% of them and denied 49.3% (59.5% of the applications it decided), against a statewide denial rate of 17.4%.

1.3kApplicationsin CT

59.5%Decision denial ratestate 21.6%

9.25%Median ratestate 6.63%

$75,000Median loanstate $245,000

$41MVolume9 counties

Spring Eq in Connecticut vs the state

49.3%Denial rate+31.94 pts vs state

59.5%Decision denial rate+37.90 pts vs state

31.3%Origination rate-29.05 pts vs state

9.25%Median rate+2.63 pts vs state

3.17Rate spread (pts)+2.94 pts vs state

$120kMedian applicant income

402Loans originated

633Denied

Trend in Connecticut

Year	Applications	Originated	Denial rate	Median rate	Rank in state
2023	867	196	65.4%	10.92%	#33
2024	1,254	375	52.3%	9.68%	#26
2025	1,283	402	49.3%	9.25%	#26

What Spring Eq lends in Connecticut

By loan purpose

Home purchase 7 1% · 71.4% denied

Refinance 64 5% · 40.6% denied

Cash-out refinance 117 9% · 39.3% denied

Home improvement 395 31% · 48.4% denied

Other / HELOC 700 55% · 52.1% denied

By loan type

Conventional 1,283 100% · 49.3% denied

Why it denied Connecticut applicants

Incomplete application 418 66%

Debt-to-income ratio 115 18%

Credit history 53 8%

Other 23 4%

Collateral 20 3%

Unverifiable information 4 1%

Where in Connecticut

Counties with the most Spring Eq applications in 2025.

County	Applications	Originated	Denied	Denial rate
09110	350	105	176	50.3%
09190	223	68	103	46.2%
09140	181	58	85	47.0%
09170	171	53	93	54.4%
09120	116	35	58	50.0%
09180	80	32	37	46.3%
09130	71	22	33	46.5%
09150	52	16	26	50.0%
09160	39	13	22	56.4%

Other large lenders in Connecticut

Lender	Grade	Applications	Denial rate	Median rate
Rocket Mortgage	C	6,043	16.5%	6.75%
Citizens Bank	C	4,895	26.2%	7.40%
Bank of America	F	4,591	32.1%	6.00%
United Shore Financial Services	B	4,239	13.7%	6.50%
Total Mortgage Services	B	4,219	4.5%	6.63%
Manufacturers and Traders Trust	C	4,030	31.8%	5.99%
Liberty Bank	A	3,513	9.5%	5.99%
Webster Bank	C	2,762	21.9%	6.74%
Newrez	D	2,556	21.8%	6.88%
AMERICAN EAGLE FINANCIAL Credit Union	D	2,463	18.9%	7.75%

Frequently asked questions

How many mortgage applications did Spring Eq handle in Connecticut?

Connecticut: 1,283 applications in 2025, of which 402 were originated and 633 denied.

What is Spring Eq's denial rate in Connecticut?

49.3% of all applications, or 59.5% of the applications it actually decided on. The Connecticut statewide average across all lenders was 17.4%.

What interest rate did Spring Eq borrowers get in Connecticut?

The median rate on loans Spring Eq originated in Connecticut in 2025 was 9.25%, against a statewide median of 6.63%.

About this data. Figures are Spring Eq's own HMDA filing for properties located in Connecticut, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology