Spring Eq in South Carolina vs the state
48.5%Denial rate+30.17 pts vs state
59.3%Decision denial rate+35.86 pts vs state
31.5%Origination rate-25.07 pts vs state
9.00%Median rate+2.50 pts vs state
3.15Rate spread (pts)+2.93 pts vs state
$103kMedian applicant income
687Loans originated
1,056Denied
Trend in South Carolina
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,586 | 360 | 62.3% | 11.06% | #29 |
| 2024 | 1,861 | 605 | 49.4% | 9.75% | #28 |
| 2025 | 2,178 | 687 | 48.5% | 9.00% | #25 |
What Spring Eq lends in South Carolina
By loan purpose
By loan type
Why it denied South Carolina applicants
Where in South Carolina
Counties with the most Spring Eq applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Greenville County | 253 | 84 | 117 | 46.2% |
| Charleston County | 247 | 70 | 137 | 55.5% |
| Horry County | 223 | 71 | 107 | 48.0% |
| York County | 223 | 81 | 96 | 43.0% |
| Richland County | 137 | 41 | 63 | 46.0% |
| Berkeley County | 131 | 50 | 55 | 42.0% |
| Spartanburg County | 119 | 47 | 54 | 45.4% |
| Lexington County | 93 | 34 | 39 | 41.9% |
| Dorchester County | 91 | 29 | 46 | 50.5% |
| Beaufort County | 88 | 18 | 46 | 52.3% |
Other large lenders in South Carolina
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 13,403 | 16.8% | 6.63% |
| Vanderbilt Mortgage and Finance | F | 12,272 | 40.7% | 6.50% |
| United Shore Financial Services | B | 9,236 | 12.8% | 6.13% |
| 21st Mortgage | F | 6,510 | 48.2% | 10.41% |
| Dhi Mortgage Company | B | 6,184 | 17.4% | 4.99% |
| Navy Federal Credit Union | D | 5,424 | 21.2% | 7.50% |
| First-Citizens Bank & Trust | B | 5,399 | 20.9% | 6.38% |
| Freedom Mortgage | B | 5,296 | 7.3% | 6.25% |
| Mortgage Research Center | C | 5,189 | 19.1% | 6.25% |
| Bank of America | F | 5,009 | 33.1% | 6.24% |
Frequently asked questions
South Carolina: 2,178 applications in 2025, of which 687 were originated and 1,056 denied.
48.5% of all applications, or 59.3% of the applications it actually decided on. The South Carolina statewide average across all lenders was 18.3%.
The median rate on loans Spring Eq originated in South Carolina in 2025 was 9.00%, against a statewide median of 6.50%.
About this data. Figures are Spring Eq's own HMDA filing for properties located in South Carolina, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology