Spring Eq · Oregon · 2025

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

Spring Eq took 1,813 mortgage applications in Oregon in 2025, ranking #19 of 700 lenders active in the state. It originated 30.0% of them and denied 49.9% (61.1% of the applications it decided), against a statewide denial rate of 15.3%.

1.8kApplicationsin OR
61.1%Decision denial ratestate 19.2%
9.05%Median ratestate 6.75%
$85,000Median loanstate $275,000
$53MVolume34 counties

Spring Eq in Oregon vs the state

49.9%Denial rate+34.61 pts vs state
61.1%Decision denial rate+41.91 pts vs state
30.0%Origination rate-30.61 pts vs state
9.05%Median rate+2.30 pts vs state
3.03Rate spread (pts)+2.75 pts vs state
$113kMedian applicant income
544Loans originated
905Denied

Trend in Oregon

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,46937662.4%11.26%#17
20241,73155252.1%9.98%#18
20251,81354449.9%9.05%#19

What Spring Eq lends in Oregon

By loan purpose

Home purchase 32 2% · 53.1% denied
Refinance 95 5% · 52.6% denied
Cash-out refinance 220 12% · 45.9% denied
Home improvement 491 27% · 53.0% denied
Other / HELOC 975 54% · 48.9% denied

By loan type

Conventional 1,813 100% · 49.9% denied

Why it denied Oregon applicants

Incomplete application 649 72%
Debt-to-income ratio 103 11%
Collateral 74 8%
Other 39 4%
Credit history 32 4%
Unverifiable information 7 1%
Employment history 1 0%

Where in Oregon

Counties with the most Spring Eq applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Clackamas County 27993132 47.3%
Multnomah County 23158123 53.2%
Washington County 22575115 51.1%
Marion County 1665070 42.2%
Lane County 1454475 51.7%
Jackson County 1033056 54.4%
Deschutes County 982060 61.2%
Linn County 822932 39.0%
Klamath County 601337 61.7%
Yamhill County 491921 42.9%

Other large lenders in Oregon

LenderGradeApplicationsDenial rateMedian rate
Onpoint Community Credit UnionB 10,71015.7%7.50%
Rocket MortgageC 6,64916.3%6.75%
United Shore Financial ServicesB 6,60010.4%6.25%
Guild MortgageA 6,0342.6%6.55%
U.S. BankD 4,87531.6%7.85%
Umpqua BankC 3,15523.0%7.50%
NewrezD 2,94512.9%6.63%
CMG MortgageA 2,7022.9%6.50%
Pennymac Loan ServicesC 2,64210.2%6.62%
Rogue Credit UnionC 2,51110.2%7.49%

Frequently asked questions

Oregon: 1,813 applications in 2025, of which 544 were originated and 905 denied.

49.9% of all applications, or 61.1% of the applications it actually decided on. The Oregon statewide average across all lenders was 15.3%.

The median rate on loans Spring Eq originated in Oregon in 2025 was 9.05%, against a statewide median of 6.75%.

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