Spring Eq in Delaware vs the state
49.3%Denial rate+31.10 pts vs state
59.6%Decision denial rate+36.82 pts vs state
31.0%Origination rate-28.15 pts vs state
10.03%Median rate+3.40 pts vs state
4.12Rate spread (pts)+3.85 pts vs state
$101kMedian applicant income
167Loans originated
265Denied
Trend in Delaware
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 348 | 80 | 62.4% | 10.75% | #31 |
| 2024 | 559 | 187 | 54.0% | 10.08% | #23 |
| 2025 | 538 | 167 | 49.3% | 10.03% | #25 |
What Spring Eq lends in Delaware
By loan purpose
By loan type
Why it denied Delaware applicants
Where in Delaware
Counties with the most Spring Eq applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| New Castle County | 267 | 89 | 133 | 49.8% |
| Sussex County | 142 | 38 | 77 | 54.2% |
| Kent County | 129 | 40 | 55 | 42.6% |
Other large lenders in Delaware
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 2,381 | 15.5% | 6.88% |
| Wilmington Savings Fund Society | B | 1,801 | 16.6% | 7.25% |
| Citizens Bank | C | 1,633 | 29.3% | 7.65% |
| PNC Bank | D | 1,492 | 25.1% | 7.50% |
| NVR Mortgage Finance | B | 1,414 | 18.7% | 6.63% |
| United Shore Financial Services | B | 1,408 | 13.0% | 6.13% |
| Pike Creek Mortgage Services | B | 1,383 | 2.2% | 6.38% |
| Manufacturers and Traders Trust | C | 1,337 | 32.5% | 5.99% |
| Newrez | D | 1,127 | 18.4% | 6.50% |
| Del-One Federal Credit Union | D | 1,070 | 41.3% | 7.00% |
Frequently asked questions
Delaware: 538 applications in 2025, of which 167 were originated and 265 denied.
49.3% of all applications, or 59.6% of the applications it actually decided on. The Delaware statewide average across all lenders was 18.2%.
The median rate on loans Spring Eq originated in Delaware in 2025 was 10.03%, against a statewide median of 6.63%.
About this data. Figures are Spring Eq's own HMDA filing for properties located in Delaware, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology