Spring Eq in Nevada vs the state
45.2%Denial rate+27.72 pts vs state
50.4%Decision denial rate+28.17 pts vs state
41.8%Origination rate-15.93 pts vs state
9.25%Median rate+2.63 pts vs state
3.06Rate spread (pts)+2.77 pts vs state
$121kMedian applicant income
480Loans originated
519Denied
Trend in Nevada
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 913 | 256 | 68.1% | 11.66% | #30 |
| 2024 | 1,152 | 478 | 47.9% | 10.63% | #30 |
| 2025 | 1,149 | 480 | 45.2% | 9.25% | #27 |
What Spring Eq lends in Nevada
By loan purpose
By loan type
Why it denied Nevada applicants
Where in Nevada
Counties with the most Spring Eq applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Clark County | 812 | 360 | 354 | 43.6% |
| Washoe County | 226 | 75 | 113 | 50.0% |
| Lyon County | 31 | 14 | 13 | 41.9% |
| Douglas County | 29 | 7 | 17 | 58.6% |
| Nye County | 19 | 10 | 8 | 42.1% |
| Carson City | 15 | 7 | 7 | 46.7% |
| Churchill County | 9 | 3 | 5 | 55.6% |
| Elko County | 4 | 1 | 1 | 25.0% |
| Storey County | 2 | 1 | 1 | 50.0% |
| Lander County | 1 | 1 | 0 | 0.0% |
Other large lenders in Nevada
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| United Shore Financial Services | B | 6,913 | 11.4% | 6.31% |
| Rocket Mortgage | C | 6,889 | 15.4% | 6.88% |
| Guild Mortgage | A | 5,533 | 2.6% | 6.50% |
| AMERICA FIRST Federal Credit Union | C | 3,873 | 28.6% | 7.24% |
| U.S. Bank | D | 3,745 | 40.2% | 7.65% |
| Bank of America | F | 3,296 | 35.9% | 6.24% |
| Pennymac Loan Services | C | 3,188 | 12.5% | 6.62% |
| Navy Federal Credit Union | D | 2,579 | 24.5% | 7.75% |
| Broker Solutions | D | 2,559 | 8.9% | 6.75% |
| Dhi Mortgage Company | B | 2,549 | 6.8% | 4.99% |
Frequently asked questions
Nevada: 1,149 applications in 2025, of which 480 were originated and 519 denied.
45.2% of all applications, or 50.4% of the applications it actually decided on. The Nevada statewide average across all lenders was 17.5%.
The median rate on loans Spring Eq originated in Nevada in 2025 was 9.25%, against a statewide median of 6.63%.
About this data. Figures are Spring Eq's own HMDA filing for properties located in Nevada, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology