Spring Eq in Maryland vs the state
51.8%Denial rate+32.99 pts vs state
63.1%Decision denial rate+38.92 pts vs state
28.2%Origination rate-27.48 pts vs state
9.63%Median rate+3.00 pts vs state
3.54Rate spread (pts)+3.29 pts vs state
$131kMedian applicant income
945Loans originated
1,734Denied
Trend in Maryland
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 2,314 | 529 | 63.9% | 11.75% | #16 |
| 2024 | 3,069 | 906 | 54.2% | 10.45% | #13 |
| 2025 | 3,348 | 945 | 51.8% | 9.63% | #14 |
What Spring Eq lends in Maryland
By loan purpose
By loan type
Why it denied Maryland applicants
Where in Maryland
Counties with the most Spring Eq applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Prince George's County | 682 | 182 | 381 | 55.9% |
| Montgomery County | 435 | 106 | 235 | 54.0% |
| Baltimore County | 404 | 113 | 223 | 55.2% |
| Anne Arundel County | 370 | 134 | 163 | 44.1% |
| Frederick County | 175 | 51 | 85 | 48.6% |
| Howard County | 175 | 49 | 85 | 48.6% |
| Baltimore city | 175 | 36 | 111 | 63.4% |
| Charles County | 166 | 36 | 91 | 54.8% |
| Harford County | 162 | 51 | 83 | 51.2% |
| Carroll County | 110 | 34 | 54 | 49.1% |
Other large lenders in Maryland
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 12,806 | 16.8% | 6.63% |
| Navy Federal Credit Union | D | 11,436 | 23.0% | 8.00% |
| United Shore Financial Services | B | 9,307 | 16.0% | 6.13% |
| Truist Bank | C | 6,559 | 34.9% | 6.49% |
| Bank of America | F | 6,051 | 35.8% | 6.24% |
| Newrez | D | 5,739 | 21.0% | 6.63% |
| State Employees Credit Union of Maryland | D | 5,624 | 44.6% | 6.25% |
| PNC Bank | D | 5,582 | 28.0% | 7.41% |
| Manufacturers and Traders Trust | C | 5,497 | 32.0% | 5.99% |
| Pennymac Loan Services | C | 5,411 | 12.4% | 6.49% |
Frequently asked questions
Maryland: 3,348 applications in 2025, of which 945 were originated and 1,734 denied.
51.8% of all applications, or 63.1% of the applications it actually decided on. The Maryland statewide average across all lenders was 18.8%.
The median rate on loans Spring Eq originated in Maryland in 2025 was 9.63%, against a statewide median of 6.63%.
About this data. Figures are Spring Eq's own HMDA filing for properties located in Maryland, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology