Spring Eq in Montana vs the state
46.2%Denial rate+31.36 pts vs state
55.6%Decision denial rate+36.90 pts vs state
35.9%Origination rate-26.10 pts vs state
8.86%Median rate+2.24 pts vs state
2.92Rate spread (pts)+2.68 pts vs state
$109kMedian applicant income
108Loans originated
139Denied
Trend in Montana
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 211 | 53 | 65.4% | 11.23% | #27 |
| 2024 | 267 | 91 | 53.6% | 10.25% | #29 |
| 2025 | 301 | 108 | 46.2% | 8.86% | #26 |
What Spring Eq lends in Montana
By loan purpose
By loan type
Why it denied Montana applicants
Where in Montana
Counties with the most Spring Eq applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Flathead County | 50 | 17 | 20 | 40.0% |
| Yellowstone County | 37 | 20 | 12 | 32.4% |
| Cascade County | 33 | 11 | 14 | 42.4% |
| Gallatin County | 32 | 9 | 15 | 46.9% |
| Missoula County | 23 | 7 | 13 | 56.5% |
| Lewis and Clark County | 21 | 8 | 10 | 47.6% |
| Ravalli County | 12 | 6 | 5 | 41.7% |
| Lake County | 9 | 3 | 5 | 55.6% |
| Lincoln County | 9 | 2 | 5 | 55.6% |
| Jefferson County | 8 | 3 | 3 | 37.5% |
Other large lenders in Montana
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Glacier Bank | D | 3,018 | 16.2% | 7.25% |
| Stockman Bank of Montana | B | 2,911 | 6.3% | 6.88% |
| Rocket Mortgage | C | 1,999 | 17.5% | 6.75% |
| United Shore Financial Services | B | 1,857 | 9.2% | 6.25% |
| Opportunity Bank of Montana | B | 1,608 | 9.8% | 6.88% |
| Evergreen Moneysource Mortgage | B | 1,158 | 1.1% | 6.25% |
| U.S. Bank | D | 1,024 | 27.1% | 7.13% |
| First Interstate Bank | D | 987 | 22.9% | 8.25% |
| Mortgage Research Center | C | 940 | 16.7% | 6.13% |
| Crosscountry Mortgage | B | 920 | 5.1% | 6.63% |
Frequently asked questions
Montana: 301 applications in 2025, of which 108 were originated and 139 denied.
46.2% of all applications, or 55.6% of the applications it actually decided on. The Montana statewide average across all lenders was 14.8%.
The median rate on loans Spring Eq originated in Montana in 2025 was 8.86%, against a statewide median of 6.63%.
About this data. Figures are Spring Eq's own HMDA filing for properties located in Montana, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology