Spring Eq in Georgia vs the state
50.2%Denial rate+30.97 pts vs state
61.7%Decision denial rate+36.66 pts vs state
29.1%Origination rate-25.01 pts vs state
9.25%Median rate+2.63 pts vs state
3.23Rate spread (pts)+2.96 pts vs state
$115kMedian applicant income
1,319Loans originated
2,276Denied
Trend in Georgia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 4,238 | 980 | 62.6% | 11.13% | #24 |
| 2024 | 4,578 | 1,350 | 52.6% | 9.95% | #20 |
| 2025 | 4,535 | 1,319 | 50.2% | 9.25% | #22 |
What Spring Eq lends in Georgia
By loan purpose
By loan type
Why it denied Georgia applicants
Where in Georgia
Counties with the most Spring Eq applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Gwinnett County | 507 | 138 | 277 | 54.6% |
| Fulton County | 489 | 131 | 259 | 53.0% |
| Cobb County | 432 | 121 | 205 | 47.5% |
| DeKalb County | 306 | 77 | 162 | 52.9% |
| Cherokee County | 249 | 91 | 103 | 41.4% |
| Forsyth County | 245 | 67 | 124 | 50.6% |
| Chatham County | 134 | 35 | 69 | 51.5% |
| Paulding County | 130 | 37 | 72 | 55.4% |
| Henry County | 104 | 21 | 66 | 63.5% |
| Coweta County | 94 | 32 | 40 | 42.6% |
Other large lenders in Georgia
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 29,845 | 18.2% | 6.63% |
| United Shore Financial Services | B | 23,784 | 12.6% | 6.25% |
| Navy Federal Credit Union | D | 12,388 | 26.4% | 7.95% |
| Truist Bank | C | 10,563 | 38.7% | 6.49% |
| Pennymac Loan Services | C | 10,273 | 11.6% | 6.49% |
| Broker Solutions | D | 9,709 | 8.6% | 6.63% |
| Mortgage Research Center | C | 9,443 | 19.8% | 6.25% |
| Freedom Mortgage | B | 9,293 | 9.1% | 6.25% |
| Bank of America | F | 9,168 | 36.5% | 6.24% |
| Ameris Bank | B | 8,065 | 10.1% | 6.50% |
Frequently asked questions
Georgia: 4,535 applications in 2025, of which 1,319 were originated and 2,276 denied.
50.2% of all applications, or 61.7% of the applications it actually decided on. The Georgia statewide average across all lenders was 19.2%.
The median rate on loans Spring Eq originated in Georgia 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 Georgia, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology