Spring Eq in Iowa vs the state
50.5%Denial rate+37.67 pts vs state
61.1%Decision denial rate+45.82 pts vs state
29.6%Origination rate-38.86 pts vs state
9.76%Median rate+3.26 pts vs state
3.94Rate spread (pts)+3.75 pts vs state
$95kMedian applicant income
140Loans originated
239Denied
Trend in Iowa
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 365 | 67 | 63.0% | 10.93% | #51 |
| 2024 | 450 | 127 | 54.2% | 10.15% | #48 |
| 2025 | 473 | 140 | 50.5% | 9.76% | #50 |
What Spring Eq lends in Iowa
By loan purpose
By loan type
Why it denied Iowa applicants
Where in Iowa
Counties with the most Spring Eq applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Polk County | 113 | 40 | 50 | 44.2% |
| Linn County | 39 | 12 | 19 | 48.7% |
| Scott County | 37 | 8 | 22 | 59.5% |
| Dallas County | 22 | 4 | 13 | 59.1% |
| Pottawattamie County | 21 | 7 | 11 | 52.4% |
| Black Hawk County | 17 | 6 | 7 | 41.2% |
| Woodbury County | 15 | 7 | 6 | 40.0% |
| Story County | 14 | 4 | 8 | 57.1% |
| Johnson County | 11 | 5 | 5 | 45.5% |
| Cerro Gordo County | 11 | 3 | 3 | 27.3% |
Other large lenders in Iowa
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| GREENSTATE Credit Union | B | 13,829 | 5.9% | 6.50% |
| Veridian Credit Union | B | 8,725 | 8.9% | 6.49% |
| Rocket Mortgage | C | 3,761 | 22.7% | 6.63% |
| Hills Bank and Trust | A | 3,434 | 6.1% | 6.25% |
| U.S. Bank | D | 2,720 | 25.7% | 7.00% |
| Dupaco Community | A | 2,669 | 16.1% | 7.00% |
| Community Choice Credit Union | B | 2,653 | 11.8% | 6.13% |
| Iowa Bankers Mortgage | B | 2,423 | 15.4% | 6.50% |
| Broker Solutions | D | 2,386 | 6.4% | 6.75% |
| Northwest Bank | A | 2,181 | 5.7% | 6.38% |
Frequently asked questions
Iowa: 473 applications in 2025, of which 140 were originated and 239 denied.
50.5% of all applications, or 61.1% of the applications it actually decided on. The Iowa statewide average across all lenders was 12.9%.
The median rate on loans Spring Eq originated in Iowa in 2025 was 9.76%, against a statewide median of 6.50%.
About this data. Figures are Spring Eq's own HMDA filing for properties located in Iowa, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology