Spring Eq in Mississippi vs the state
50.6%Denial rate+27.71 pts vs state
62.3%Decision denial rate+33.86 pts vs state
27.1%Origination rate-25.78 pts vs state
9.40%Median rate+2.65 pts vs state
3.55Rate spread (pts)+3.22 pts vs state
$100kMedian applicant income
107Loans originated
200Denied
Trend in Mississippi
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 254 | 61 | 64.6% | 11.48% | #67 |
| 2024 | 430 | 122 | 51.9% | 10.34% | #42 |
| 2025 | 395 | 107 | 50.6% | 9.40% | #50 |
What Spring Eq lends in Mississippi
By loan purpose
By loan type
Why it denied Mississippi applicants
Where in Mississippi
Counties with the most Spring Eq applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| DeSoto County | 59 | 21 | 22 | 37.3% |
| Harrison County | 47 | 9 | 24 | 51.1% |
| Rankin County | 34 | 10 | 16 | 47.1% |
| Jackson County | 25 | 8 | 12 | 48.0% |
| Madison County | 24 | 7 | 11 | 45.8% |
| Lee County | 18 | 5 | 10 | 55.6% |
| Hinds County | 16 | 4 | 9 | 56.3% |
| Lamar County | 14 | 4 | 4 | 28.6% |
| Hancock County | 10 | 4 | 6 | 60.0% |
| Forrest County | 9 | 4 | 4 | 44.4% |
Other large lenders in Mississippi
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| 21st Mortgage | F | 6,764 | 48.5% | 10.56% |
| Trustmark National Bank | C | 5,531 | 12.5% | 6.75% |
| Cadence Bank | B | 5,301 | 19.2% | 7.25% |
| Regions Bank | C | 4,916 | 44.7% | 5.75% |
| Rocket Mortgage | C | 4,636 | 24.8% | 6.63% |
| Community Bank of Mississippi | C | 3,856 | 9.0% | 7.65% |
| Renasant Bank | B | 3,188 | 14.3% | 6.99% |
| Triad Financial Services | D | 3,140 | 34.4% | 8.76% |
| Vanderbilt Mortgage and Finance | F | 2,840 | 44.3% | 10.25% |
| BankPlus | B | 2,638 | 10.7% | 6.50% |
Frequently asked questions
Mississippi: 395 applications in 2025, of which 107 were originated and 200 denied.
50.6% of all applications, or 62.3% of the applications it actually decided on. The Mississippi statewide average across all lenders was 22.9%.
The median rate on loans Spring Eq originated in Mississippi in 2025 was 9.40%, against a statewide median of 6.75%.
About this data. Figures are Spring Eq's own HMDA filing for properties located in Mississippi, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology