Spring Eq in Massachusetts vs the state
53.2%Denial rate+37.02 pts vs state
65.3%Decision denial rate+45.34 pts vs state
25.5%Origination rate-37.12 pts vs state
9.30%Median rate+2.68 pts vs state
3.14Rate spread (pts)+3.05 pts vs state
$135kMedian applicant income
280Loans originated
585Denied
Trend in Massachusetts
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 517 | 84 | 72.5% | 10.66% | #81 |
| 2024 | 832 | 203 | 61.1% | 9.83% | #52 |
| 2025 | 1,099 | 280 | 53.2% | 9.30% | #45 |
What Spring Eq lends in Massachusetts
By loan purpose
By loan type
Why it denied Massachusetts applicants
Where in Massachusetts
Counties with the most Spring Eq applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Middlesex County | 167 | 32 | 95 | 56.9% |
| Bristol County | 161 | 45 | 87 | 54.0% |
| Plymouth County | 149 | 45 | 72 | 48.3% |
| Essex County | 141 | 41 | 71 | 50.4% |
| Worcester County | 141 | 32 | 77 | 54.6% |
| Norfolk County | 109 | 30 | 57 | 52.3% |
| Suffolk County | 76 | 14 | 48 | 63.2% |
| Barnstable County | 59 | 13 | 33 | 55.9% |
| Hampden County | 56 | 19 | 28 | 50.0% |
| Hampshire County | 15 | 1 | 6 | 40.0% |
Other large lenders in Massachusetts
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Citizens Bank | C | 17,476 | 29.0% | 7.40% |
| Rocket Mortgage | C | 8,698 | 15.9% | 6.75% |
| Bank of America | F | 7,784 | 30.1% | 5.99% |
| Guaranteed Rate | B | 7,313 | 4.5% | 6.50% |
| Eastern Bank | B | 6,216 | 31.8% | 6.99% |
| Rockland Trust | C | 5,990 | 28.6% | 6.99% |
| Leader Bank | A | 5,913 | 1.8% | 6.25% |
| United Shore Financial Services | B | 5,898 | 12.8% | 6.50% |
| Crosscountry Mortgage | B | 5,634 | 3.8% | 6.63% |
| TD Bank | D | 3,778 | 26.9% | 7.44% |
Frequently asked questions
Massachusetts: 1,099 applications in 2025, of which 280 were originated and 585 denied.
53.2% of all applications, or 65.3% of the applications it actually decided on. The Massachusetts statewide average across all lenders was 16.2%.
The median rate on loans Spring Eq originated in Massachusetts in 2025 was 9.30%, against a statewide median of 6.63%.
About this data. Figures are Spring Eq's own HMDA filing for properties located in Massachusetts, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology