Spring Eq in Louisiana vs the state
52.9%Denial rate+30.74 pts vs state
64.2%Decision denial rate+36.06 pts vs state
27.9%Origination rate-24.03 pts vs state
9.85%Median rate+3.22 pts vs state
3.98Rate spread (pts)+3.63 pts vs state
$107kMedian applicant income
216Loans originated
409Denied
Trend in Louisiana
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 669 | 131 | 64.9% | 11.70% | #42 |
| 2024 | 761 | 203 | 57.2% | 10.50% | #40 |
| 2025 | 773 | 216 | 52.9% | 9.85% | #41 |
What Spring Eq lends in Louisiana
By loan purpose
By loan type
Why it denied Louisiana applicants
Where in Louisiana
Counties with the most Spring Eq applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| St. Tammany Parish | 109 | 30 | 58 | 53.2% |
| Jefferson Parish | 79 | 16 | 42 | 53.2% |
| East Baton Rouge Parish | 78 | 23 | 40 | 51.3% |
| Orleans Parish | 66 | 18 | 34 | 51.5% |
| Livingston Parish | 50 | 20 | 25 | 50.0% |
| Ascension Parish | 42 | 14 | 20 | 47.6% |
| Lafayette Parish | 41 | 11 | 25 | 61.0% |
| Tangipahoa Parish | 30 | 8 | 15 | 50.0% |
| Bossier Parish | 27 | 8 | 16 | 59.3% |
| Rapides Parish | 24 | 7 | 13 | 54.2% |
Other large lenders in Louisiana
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| 21st Mortgage | F | 7,057 | 49.0% | 10.10% |
| United Shore Financial Services | B | 6,264 | 13.1% | 6.38% |
| Rocket Mortgage | C | 5,770 | 25.9% | 6.63% |
| Vanderbilt Mortgage and Finance | F | 4,370 | 45.6% | 10.50% |
| Triad Financial Services | D | 3,867 | 49.7% | 8.73% |
| Hancock Whitney Bank | B | 3,536 | 21.7% | 6.00% |
| Regions Bank | C | 3,356 | 45.8% | 6.00% |
| GMFS | A | 3,072 | 2.0% | 6.50% |
| Newrez | D | 2,664 | 21.1% | 6.50% |
| Dsld Mortgage | A | 2,545 | 6.3% | 6.13% |
Frequently asked questions
Louisiana: 773 applications in 2025, of which 216 were originated and 409 denied.
52.9% of all applications, or 64.2% of the applications it actually decided on. The Louisiana statewide average across all lenders was 22.2%.
The median rate on loans Spring Eq originated in Louisiana in 2025 was 9.85%, against a statewide median of 6.63%.
About this data. Figures are Spring Eq's own HMDA filing for properties located in Louisiana, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology