Spring Eq in District of Columbia vs the state
54.1%Denial rate+35.99 pts vs state
67.2%Decision denial rate+43.49 pts vs state
23.7%Origination rate-31.86 pts vs state
8.95%Median rate+2.45 pts vs state
2.83Rate spread (pts)+2.78 pts vs state
$186kMedian applicant income
35Loans originated
80Denied
Trend in District of Columbia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 114 | 16 | 73.7% | 10.56% | #37 |
| 2024 | 86 | 15 | 69.8% | 9.73% | #45 |
| 2025 | 148 | 35 | 54.1% | 8.95% | #35 |
What Spring Eq lends in District of Columbia
By loan purpose
By loan type
Why it denied District of Columbia applicants
Where in District of Columbia
Counties with the most Spring Eq applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| District of Columbia | 148 | 35 | 80 | 54.1% |
Other large lenders in District of Columbia
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Navy Federal Credit Union | D | 786 | 28.5% | 7.75% |
| Rocket Mortgage | C | 671 | 20.7% | 6.63% |
| Bank of America | F | 546 | 33.2% | 5.99% |
| First Savings Mortgage | A | 544 | 0.9% | 6.50% |
| Truist Bank | C | 529 | 41.2% | 6.25% |
| PNC Bank | D | 467 | 31.5% | 6.25% |
| JPMorgan Chase Bank | B | 459 | 7.6% | 6.38% |
| Citibank | B | 417 | 9.6% | 6.00% |
| First Home Mortgage | B | 359 | 2.5% | 6.63% |
| Newrez | D | 353 | 23.5% | 6.63% |
Frequently asked questions
District of Columbia: 148 applications in 2025, of which 35 were originated and 80 denied.
54.1% of all applications, or 67.2% of the applications it actually decided on. The District of Columbia statewide average across all lenders was 18.1%.
The median rate on loans Spring Eq originated in District of Columbia 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 District of Columbia, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology