Spring Eq in Pennsylvania vs the state
51.6%Denial rate+33.30 pts vs state
61.8%Decision denial rate+39.60 pts vs state
29.7%Origination rate-31.24 pts vs state
9.40%Median rate+2.78 pts vs state
3.45Rate spread (pts)+3.21 pts vs state
$108kMedian applicant income
909Loans originated
1,578Denied
Trend in Pennsylvania
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 2,584 | 536 | 63.2% | 11.38% | #36 |
| 2024 | 2,906 | 864 | 54.0% | 10.29% | #38 |
| 2025 | 3,059 | 909 | 51.6% | 9.40% | #38 |
What Spring Eq lends in Pennsylvania
By loan purpose
By loan type
Why it denied Pennsylvania applicants
Where in Pennsylvania
Counties with the most Spring Eq applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Philadelphia County | 309 | 77 | 173 | 56.0% |
| Montgomery County | 283 | 96 | 132 | 46.6% |
| Bucks County | 281 | 91 | 136 | 48.4% |
| Chester County | 197 | 59 | 91 | 46.2% |
| Delaware County | 170 | 62 | 79 | 46.5% |
| Allegheny County | 167 | 37 | 93 | 55.7% |
| York County | 139 | 41 | 74 | 53.2% |
| Lancaster County | 138 | 37 | 80 | 58.0% |
| Northampton County | 131 | 42 | 64 | 48.9% |
| Berks County | 126 | 40 | 65 | 51.6% |
Other large lenders in Pennsylvania
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 22,411 | 18.6% | 6.75% |
| Citizens Bank | C | 18,256 | 28.1% | 7.65% |
| PNC Bank | D | 18,031 | 20.6% | 6.88% |
| United Shore Financial Services | B | 13,178 | 13.4% | 6.47% |
| Crosscountry Mortgage | B | 11,615 | 3.3% | 6.63% |
| Members 1st | B | 10,863 | 30.9% | 1.99% |
| First National Bank of Pennsylvania | B | 9,542 | 27.8% | 6.49% |
| Police & Fire | C | 8,460 | 34.6% | 6.25% |
| PENNSYLVANIA STATE EMPLOYEES Credit Union | C | 8,308 | 13.7% | 6.64% |
| Pennymac Loan Services | C | 7,900 | 12.6% | 6.50% |
Frequently asked questions
Pennsylvania: 3,059 applications in 2025, of which 909 were originated and 1,578 denied.
51.6% of all applications, or 61.8% of the applications it actually decided on. The Pennsylvania statewide average across all lenders was 18.3%.
The median rate on loans Spring Eq originated in Pennsylvania in 2025 was 9.40%, against a statewide median of 6.63%.
About this data. Figures are Spring Eq's own HMDA filing for properties located in Pennsylvania, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology