Spring Eq in Maine vs the state
51.7%Denial rate+35.32 pts vs state
65.2%Decision denial rate+45.10 pts vs state
26.4%Origination rate-35.75 pts vs state
9.29%Median rate+2.41 pts vs state
3.25Rate spread (pts)+2.93 pts vs state
$96kMedian applicant income
112Loans originated
219Denied
Trend in Maine
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 251 | 61 | 59.0% | 10.83% | #53 |
| 2024 | 328 | 87 | 55.8% | 9.70% | #47 |
| 2025 | 424 | 112 | 51.7% | 9.29% | #39 |
What Spring Eq lends in Maine
By loan purpose
By loan type
Why it denied Maine applicants
Where in Maine
Counties with the most Spring Eq applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| York County | 98 | 34 | 48 | 49.0% |
| Cumberland County | 90 | 29 | 42 | 46.7% |
| Kennebec County | 42 | 8 | 19 | 45.2% |
| Penobscot County | 31 | 6 | 19 | 61.3% |
| Androscoggin County | 28 | 5 | 16 | 57.1% |
| Knox County | 22 | 9 | 10 | 45.5% |
| Waldo County | 21 | 6 | 11 | 52.4% |
| Aroostook County | 16 | 0 | 8 | 50.0% |
| Lincoln County | 15 | 4 | 7 | 46.7% |
| Somerset County | 14 | 4 | 7 | 50.0% |
Other large lenders in Maine
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Bangor Savings Bank | B | 4,518 | 17.2% | 7.25% |
| United Shore Financial Services | B | 2,675 | 9.1% | 6.50% |
| Rocket Mortgage | C | 2,628 | 22.9% | 6.75% |
| The Camden National Bank | A | 2,559 | 13.2% | 6.99% |
| CMG Mortgage | A | 2,251 | 4.2% | 6.63% |
| Guild Mortgage | A | 1,838 | 5.3% | 6.63% |
| Kennebec Savings Bank | B | 1,493 | 9.6% | 7.00% |
| TD Bank | D | 1,244 | 20.2% | 7.35% |
| Mortgage Research Center | C | 1,104 | 17.6% | 6.25% |
| Evergreen Credit Union | D | 976 | 30.6% | 6.50% |
Frequently asked questions
Maine: 424 applications in 2025, of which 112 were originated and 219 denied.
51.7% of all applications, or 65.2% of the applications it actually decided on. The Maine statewide average across all lenders was 16.3%.
The median rate on loans Spring Eq originated in Maine in 2025 was 9.29%, against a statewide median of 6.88%.
About this data. Figures are Spring Eq's own HMDA filing for properties located in Maine, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology