Spring Eq · North Dakota · 2025

Spring Eq in North Dakota: approval rate, denial rate and rates (2025)

Spring Eq took 5 mortgage applications in North Dakota in 2025, ranking #161 of 322 lenders active in the state. It originated 0.0% of them and denied 80.0% (100.0% of the applications it decided), against a statewide denial rate of 11.4%.

5Applicationsin ND
100.0%Decision denial ratestate 13.7%
Median ratestate 6.50%
$165,000Median loanstate $205,000
$0Volume4 counties

Spring Eq in North Dakota vs the state

80.0%Denial rate+68.56 pts vs state
100.0%Decision denial rate+86.28 pts vs state
0.0%Origination rate-69.69 pts vs state
Median rate
Rate spread (pts)
$221kMedian applicant income
0Loans originated
4Denied

What Spring Eq lends in North Dakota

By loan purpose

Cash-out refinance 2 40% · 100.0% denied
Home improvement 1 20% · 100.0% denied
Other / HELOC 2 40% · 50.0% denied

By loan type

Conventional 5 100% · 80.0% denied

Why it denied North Dakota applicants

Incomplete application 3 75%
Debt-to-income ratio 1 25%

Where in North Dakota

Counties with the most Spring Eq applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Williams County 201 50.0%
Grand Forks County 101 100.0%
Cass County 101 100.0%
Ramsey County 101 100.0%

Other large lenders in North Dakota

LenderGradeApplicationsDenial rateMedian rate
Gate City BankC 3,10611.3%6.65%
First International Bank & TrustB 1,1124.0%6.63%
United Shore Financial ServicesB 8817.5%6.25%
Rocket MortgageC 82721.6%6.63%
Bell BankA 8067.7%6.99%
First Community Credit UnionB 6757.1%6.49%
CapitalC 6463.7%7.00%
TOWN AND COUNTRY Credit UnionB 5712.1%6.25%
Mortgage Research CenterC 50013.6%6.25%
Fairway Independent MortgageB 4973.0%6.40%

Frequently asked questions

North Dakota: 5 applications in 2025, of which 0 were originated and 4 denied.

80.0% of all applications, or 100.0% of the applications it actually decided on. The North Dakota statewide average across all lenders was 11.4%.

This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).

About this data. Figures are Spring Eq's own HMDA filing for properties located in North Dakota, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology