Spring Eq in Florida vs the state
55.9%Denial rate+34.79 pts vs state
68.3%Decision denial rate+41.06 pts vs state
23.9%Origination rate-28.78 pts vs state
9.20%Median rate+2.57 pts vs state
3.13Rate spread (pts)+2.87 pts vs state
$118kMedian applicant income
2,675Loans originated
6,250Denied
Trend in Florida
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 10,305 | 2,086 | 67.0% | 11.25% | #20 |
| 2024 | 11,813 | 2,933 | 59.4% | 9.95% | #17 |
| 2025 | 11,190 | 2,675 | 55.9% | 9.20% | #20 |
What Spring Eq lends in Florida
By loan purpose
By loan type
Why it denied Florida applicants
Where in Florida
Counties with the most Spring Eq applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Miami-Dade County | 1,179 | 248 | 687 | 58.3% |
| Broward County | 1,119 | 248 | 647 | 57.8% |
| Palm Beach County | 963 | 208 | 561 | 58.3% |
| Hillsborough County | 739 | 170 | 425 | 57.5% |
| Orange County | 722 | 216 | 352 | 48.8% |
| Duval County | 442 | 95 | 254 | 57.5% |
| Pinellas County | 399 | 108 | 202 | 50.6% |
| Lee County | 393 | 75 | 229 | 58.3% |
| Volusia County | 338 | 79 | 196 | 58.0% |
| Brevard County | 337 | 84 | 176 | 52.2% |
Other large lenders in Florida
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| United Shore Financial Services | B | 71,405 | 15.3% | 6.44% |
| Rocket Mortgage | C | 46,611 | 21.0% | 6.63% |
| Bank of America | F | 23,634 | 37.7% | 6.24% |
| Pennymac Loan Services | C | 19,516 | 14.1% | 6.50% |
| Navy Federal Credit Union | D | 19,452 | 23.2% | 7.59% |
| Crosscountry Mortgage | B | 19,103 | 5.2% | 6.75% |
| Newrez | D | 17,519 | 22.4% | 6.75% |
| Dhi Mortgage Company | B | 16,661 | 14.5% | 4.88% |
| Lennar Mortgage | A | 14,984 | 21.0% | 4.75% |
| Truist Bank | C | 14,140 | 41.5% | 6.60% |
Frequently asked questions
Florida: 11,190 applications in 2025, of which 2,675 were originated and 6,250 denied.
55.9% of all applications, or 68.3% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.
The median rate on loans Spring Eq originated in Florida in 2025 was 9.20%, against a statewide median of 6.63%.
About this data. Figures are Spring Eq's own HMDA filing for properties located in Florida, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology